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My newbie mortgage questions (post 38 onwards)
marking_bad
Posts: 512 Forumite
[STRIKE]
I doubt it, but with a decent deposit (>50%), would anyone lend to me?
[/STRIKE]
Post 38 onwards
I doubt it, but with a decent deposit (>50%), would anyone lend to me?
[/STRIKE]
Post 38 onwards
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Comments
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Do you mean you have no income (or no income that a lender would consider?).
If so, I doubt anyone would lend to you. Sorry.Are the words 'I have a cunning plan' marching with ill-deserved confidence in the direction of this conversation? :cool:0 -
What does 'independent means' mean exactly?0
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https://forums.moneysavingexpert.com/discussion/2507341
Since you're unemployed and have a default, then no - no chance.0 -
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marking_bad wrote: »It means I have a nice income, but can't get credit.
From where is the income derived?0 -
marking_bad wrote: »It means I have a nice income, but can't get credit.
So you're employed now?
You will need to give away a bit more info than you have managed so far.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If you have an income, you can get a mortgage even with the default.
But as stated above, you would need to supply all your figures and details around your scenario.I am a Mortgage AdviserYou 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 -
I still duno understand 'independent means' exactly0
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Drug dealers have a 'nice income' derived via 'independent means', don't they?? OP, if you have enough money for a 50% deposit, why don't you pay off that £300 debt??"You were only supposed to blow the bl**dy doors off!!"0
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I don't do anything illegal, don't be so horrid. What would be the point in paying off the debt in full, might as well pay in installments (it doesnt have interest) because i've already had damage on my credit file?
If I got a job, how long would I have to be in the job for the lender to think I was in it for the long term. Then quit the job when I have the mortgage and carry on as normal. Or would that be fraud? Or bring up problems later on?0
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