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urgent advice please !
andyboy190
Posts: 41 Forumite
can anbody please advise me , we have a mortgage with amber homeloans £110,000 which has just finished its redemption period .i just assumed they would offer me a new deal to keep my custom (as we have always paid on time ) when i phoned today they just said sorry no rate deal at the moment ,but my circumstances have changed from employed to self employed with a lot less money coming in so nobody else will touch us .and £758 pm is a lot to find .have i just made a major error in judgement assuming ! i would appreciate any advice thanks
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Comments
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Hello Andyboy
First question.
Which other lenders have you approached? How do you know nobldy else will touch you?
Second question. How long have you been self employed and what are your earnings. What about your partner?I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
if iam honest i have approched nobody as i have only been self employed since feb this year so earnings are very low(approx 280 p/w and my partner has been poorly for a long time and is on benefits ,also i have a lot of outstanding credit due to buying the business0
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OK, well you really need a financial review to see what can be done.
Some benefits can be taken into account for mortgage purposes
Can you give me an idea of your monthly credit commitments? How much would you feel comfortable paying for your mortgage every month? What is your credit rating like?I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
thanks for your help i have sent you a p m hope you dont mind0
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no not at all, I'll try my best to help you.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
no not at all, I'll try my best to help you.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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