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Can I get a mortgage?? ASAP/

novobob
novobob Posts: 5 Forumite
in Mortgages & endowments
Could anyone help me or point me in the right direction.
Can I get a Mortgage?
I am self employed only with one year accounts,
I earn about 20-25k per annum.
I want about a 50% LTV self build mortgage which I already own the land. my gf earns about 15k per annum.
I have excellent score with Experian, but a poor with Equifax.
I have missed payments in past but not for over 12months.
I have minimal debt at the minute and about 15k deposit of which i require a 120k mortgage.
What lender should I look to? or mortgage advisor?
I am based in N. Ireland.
Thanks a lot in advance people.

Comments

  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    https://forums.moneysavingexpert.com/discussion/3100790
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • originalmiscellany
    originalmiscellany Posts: 1,655 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Give the Progressive Building Society a call.
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045
    Aims: 1) To pay off mortgage within 20 years - 2037
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    I doubt any lender will do this what with the catastrophic economy over there. Lenders over there have massive losses to pay down, and or they will be ultra cautious going forrward. Your'e only option I suspect would be a buy to let mortgage but they normally require a squeaky clean credit history for at least 3 or 6 years. maybe do it in your Mums name buy to let?
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A self build Buy to Let mortgage with the land in somebody elses name.

    Good luck with that one.

    Hope you are planning to rent it out otherwise it would be a fraudulent application.
    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.
  • spadoosh
    spadoosh Posts: 8,732 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    why is it a buy to let and where does it say the land is in someone elses name?!

    very proffesional, no point in having a sig like that if your not willing to even read a post correct


    I AM A PLONKA!!
  • spadoosh
    spadoosh Posts: 8,732 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    bob, think your best looking at the self build sites, some have good finance pages and wheres best to get a self build mortgage
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    spadoosh wrote: »
    why is it a buy to let and where does it say the land is in someone elses name?!

    very proffesional, no point in having a sig like that if your not willing to even read a post correct


    I AM A PLONKA!!

    Original post states self build on land already owned. Then a further post states to do a Buy to Let in the mothers name.

    Some points to consider. OP did not state a BTL so if it is a residential property it cannot be bought with a BTL mortgage.

    BTL not going to be popular with BTL lenders

    Land owned by OP. Suggestion of BTL in mothers name would mean mother not owning land so self build unlikely.
    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.
  • novobob
    novobob Posts: 5 Forumite
    edited 16 March 2011 at 10:39AM
    I did not mention buy to let? Useful posts only not some some bull....

    Thanks for all you who read the original post and replied accordingly.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    novobob wrote: »
    I did not mention buy to let? Useful posts only not some some bull....

    Thanks for all you who read the original post and replied accordingly.

    You didnt mention BTL but another poster did. My response was not directed towards 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.
  • novobob
    novobob Posts: 5 Forumite
    and my reply not directed to you, . thank you for replying and reading my original post.
This discussion has been closed.
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