Need Help Remortgaging

Ringo981

Hi All,

My first three years are up on my mortgage so its time to renew,

I am currently with the northern bank and my mortgage was for 58.000 which is now down to 51,000

I have tried first direct which are offering good rates ,

But when I sent my payslips , bank statements and p60 from the accountant they refused me because I am not earning enough even though I have been paying my mortgage for 3 years with no problems,

I was wondering will this effect me finding another mortgage, I am currently looking for a 5 year fixed.

In all the rush the accountant must have messed up my payslips as I only had 4 days to get everything organised because my income is fine for this size of mortgage.

please help


Ringo

runninglea

how can the accountant have messed up your payslips. Did he not give in the ones that you had given him

Ringo981

I work for my father so I dont get payslips

I had to contact the accountant who deals with it, he said he would get them organised for me and rushed them out ,

my 4 days were running out so when they arrived I told my girlfriend send them to first direct as I knew my wages should cover me no problem ,but there must have been something not in order.

I have no other loans and I dont owe anybody anything.


Ringo

GMS

First Direct are strict with their criteria and affordability.

Without knowing your full details it is difficult to say but being turned down by one lender does not automatically mean the same will happen elsewhere.

Speak to a 'Whole of Market' broker to see what may be available to you.

fman

i know the Frist direct and HSBC will offer SOME thier mortagage product if you can match thier criteria of your earning 30K sole income!!