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Mortgage, both self employed.Can anyone help with this?
Options
hailey00marie
Posts: 10 Forumite
Thanks for reading
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Comments
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Post Office decline should not have a massive affect on a new application but it is important to get an application to the correct lender as more credit applications will harm credit score.
Could well be other options for you. Affordability may be tight if any credit commitments are in place as you mention having 2 children.
May be worth a chat with a broker to see which lenders would be suitable.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 -
Thanks GMS, no credit commitments or childcare just a CSA payment of 160 a month. just want to know if we are wasting ours and vendors time really?
What do you think would be a realistic amount that we could borrow?
We have such a low deposit, as we lost 30k on our last house, and needed to move for work, so its taken us a year in rented to get back on our feet, so to speak.
Any pointers for a good Broker?0 -
Amounts would vary from lander to lender.
A broker should be able to help you search the options.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 -
You need a good deposit. A local broker to you would be best. You could quite easily borrow the amount required just don't apply randomly.hailey00marie wrote: »Thanks GMS, no credit commitments or childcare just a CSA payment of 160 a month. just want to know if we are wasting ours and vendors time really?
What do you think would be a realistic amount we could [STRIKE]lend? [/STRIKE]It's borrow you want to borrow. If you lend it means you are lending your money to someone else the banks lend you money and you borrow it from the bank. Sorry...me being picky.
We have such a low deposit, as we lost 30k on our last house, and needed to move for work, so its taken us a year in rented to get back on our feet, so to speak.
Any pointers for a good Broker?
edit: cheers for fixing it...:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Thanks, I edited before you pointed out my stupid mistake!
Head is all over the place with current issues.0 -
Someone like Halifax should prove easier than P Office. They do not usualy require Bank stats. The difficult lenders are the likes of ING, CO - OP and First Direct as well as Banks like RBS / Nat West.0
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