Which Bank or Building Society?

hggirl

Hi

I tried to get a morgage a few months ago but, although I only want to borrow about 25/30% of the value, I was turned down because I am on a fixed term contract with a probationary period.

The probabtionary period will end in the new year and in the mean time I have saving earning next to nothing. Are lenders any more likely to offer me a mortgage if I gave been a customer for a few months? I will be on a fixed term contract with a year to run when the PP is up.

Given that it is suppost to be easy to switch bank accounts now I am willing to move my current account or I could move my savings which are split between a couple of accounts.

Thanks

hg

ACG

Moving bank account wont make much/if any difference.

Speak to a broker, it should be possible to place this.

hggirl

Hi

Thanks for your reply but I have spoken to 2 brokers already. Neither could assist due to the combination of a probationary period and fixed term contract. I have decided to wait to try again once the probationary period is over.

I was wondering whether financial institutions look more favourably on customers than none customers. As it will be a few months before the probationary period is up so I have time to move. banks and operate my account in a positive manner.

I will add that I have a good credit record so that wasn't the problem.

Hggirl

ACG

Were the brokers part of an estate agents and/or fee free?

At 25-30% LTV i would be pretty confident this could be placed somewhere assuming everything else fits.

kingstreet

I agree. At a decent loan to value, I reckon a local building society would look at this.

Talk to those near you;-

http://www.bsa.org.uk/aboutus/buildsocmember.htm

ACG

Thats a good list. I was looking for something like that a while back.

kingstreet

You should have realised how anally retentive I am, if you need stuff like this, give me a shout.