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from renting - to getting a mortgage!

yonny_2
yonny_2 Posts: 52 Forumite
in Mortgages & endowments
Hi - we are renting at the mo having sold our house 2 years ago and are looking at getting another mortgage
Are we looked upon as first time buyers again?
I presume its best to go through an independant broker - I have searched locally and seem only to come across those attached to estate agents - is there somewhere else I should be looking?
Thank you for any help offered
:)

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you've previously owned then you are not FTB's.
  • yonny_2
    yonny_2 Posts: 52 Forumite
    fair enough - thanks for the info:beer:
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    In terms of stamp duty you are not FTBs.

    Some lenders however, may well offer you FTB rates/deals though.
    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.
  • yonny_2
    yonny_2 Posts: 52 Forumite
    Having done a bit more hunting around it seems that we may need an adverse credit mortgage - as hubby has defaults on his file due to a failed business (these debts are being paid off - slowly!)
    Does one go to a specialist advisor for this?
    Would prefer not to apply for a mortgage somewhere if Im bound to get refused due to this as it will leave a record on the file wont it?
    Seem to be going in circles here!!!!!!!!!!:o
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    That would be the best option - applying to the wrong lenders will indeed cause problems for your credit file, and any mortgage applications.

    Not a specialist as such - just a good mortgage broker.
    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.
  • yonny_2
    yonny_2 Posts: 52 Forumite
    where do I find one of them????:o
    sorry to seem dim but I havent a clue where to start!
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Can you ask friends or family for a recommendation?
    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.
  • yonny_2
    yonny_2 Posts: 52 Forumite
    My family live abroad - friends Ive asked havent needed a mortgage broker for years now so Im floundering! :o
    Is there a body which lists whole of market advisors or one for adverse credit mortgage brokers?
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    If you've previously owned then you are not FTB's.

    This is not true. You just have to wait 9 months (or thereabouts).

    I have sold to rent, and then bought again as a FTB.
  • yonny_2
    yonny_2 Posts: 52 Forumite
    gosh Dan thanks for that - may I ask who with? PM me if you'd prefer!:)
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