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New Mortgage application

stephenf76
stephenf76 Posts: 4 Newbie
in Mortgages & endowments
Hi i was wondering if anyone can help me or point me in the right direction.
I am trying to get a mortgage my purchase price is 170,000 on a property value of 190,000, my deposit is 60,000 so a 65%LTV. Problem i have is i only have 1 years address history and have only just added myself to the voters roll. I was knocked back by the Leeds because of this but i thought was that level of deposit someone would be prepared to take me on? Can anyone suggest anything or anyone? Thanks in advance
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Comments

  • ACG
    ACG Posts: 24,311 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Why do you only have one years?

    It could be possible by going to a lender that looks at the whole picture but if for instance you were in prison for the last 2 years then it might be a little different.
    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.
  • stephenf76
    stephenf76 Posts: 4 Newbie
    Thanks for your reply, its just through personal circumstances that i have only 1 year. But i havent been in prison or abroad or anything like that, just everything was in my ex name- even my wages went into her account. Do you know of a lender that would consider this? many thanks again
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    stephenf76 wrote: »
    Thanks for your reply, its just through personal circumstances that i have only 1 year.

    You should still have registered onto the electoral role.

    As a form is sent to every home every year.
  • Let_Us_See
    Let_Us_See Posts: 1,319 Forumite
    Why not simply answer the original post?

    Having only one year address history shouldn't preclude you from a mortgage. Many lender's will accept past bank statements etc. for the prior two years as proof of residence. Go and talk to a broker and let him do the work.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Let_Us_See wrote: »
    Having only one year address history shouldn't preclude you from a mortgage.

    Failure to do so is a primary cause of fraud. I believe that legislation was being considered to fine persistant offenders.

    My response was a warning that it could cause issues.
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You should be ok with this, although some lenders are pickier than others, but with 30% deposit, there are lenders out there, definitely a broker job to save applying randomly.
    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.
  • stephenf76
    stephenf76 Posts: 4 Newbie
    Thankyou for all the responses. There is nothing fraudulant about the application or anything like that just circumstances against me.
    I will look into speaking to a mortgage brocker and take it from there- Wh05apk your not a mortgage advisor yourself by any chance are you? thanks again
  • kingstreet
    kingstreet Posts: 39,155 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    stephenf76 wrote: »
    Wh05apk your not a mortgage advisor yourself by any chance are you? thanks again
    Is he? What might have made you think that? ;):D
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    kingstreet wrote: »
    Is he? What might have made you think that? ;):D


    Might be the signature that gives it away!:)
    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.
  • stephenf76
    stephenf76 Posts: 4 Newbie
    Lol, very good guys ! Was just checking. I'm not sure on the rules of the site as i just joined yesterday but am i able to use you or should i use someone more local? thanks again
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