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Applying for a mortgage - without the property found....?!

2

Comments

  • ACG
    ACG Posts: 24,723 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Credit check will be passed at DIP stage.

    Speak to the lender beforehand.

    Alternatively speak to a broker, chances are they can not recommend hsbc (unless you an independent broker rather than a whole of market or tied).
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ash213 wrote: »
    My main concerns are relating to credit checks and proof of income etc

    You'll face these irrespective of lender.

    What issues are you concerned about. A general overview may result in some answers on here.
  • ash213
    ash213 Posts: 223 Forumite
    ACG wrote: »
    Credit check will be passed at DIP stage.

    Speak to the lender beforehand.

    Alternatively speak to a broker, chances are they can not recommend hsbc (unless you an independent broker rather than a whole of market or tied).

    Oh ok, so you think i would have passed a credit check then?

    My only other concern in the earnings. I am self employed. Have the forms for 3 years from HRMC to say how much i earned, which i am hoping will be ok.

    Just a little worried.

    Thanks
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why don't you just fess up as to what your concern really is?

    Tell us, and we might know what difference it makes - if any.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    A mortgage is secured on a specific property, so you have to know what property you are buying in order to apply for the mortgage.

    It's as simple as that
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • ash213
    ash213 Posts: 223 Forumite
    amnblog wrote: »
    Why don't you just fess up as to what your concern really is?

    Tell us, and we might know what difference it makes - if any.


    There is no hidden concern other than what i have stated.

    I am self employed - so im hoping the forms will be ok for the bank

    And with the credit check i just did an equifax £2 jobby and all looks ok other a couple of late payments on catalouges in 2008...will this effect me ?

    Thanks
  • Keekles
    Keekles Posts: 154 Forumite
    Sixth Anniversary Combo Breaker
    Can't ever say 100% but chances are at 5 years old they won't cause too much of a hassle with most lenders. Can't comment specifically on HSBC, as, like others have said, brokers don't have access to them.
  • Mortgage_Mark_2
    Mortgage_Mark_2 Posts: 857 Forumite
    HSBC are notoriously picky over self employed applicants - what are your profits/earnings over those three years?
    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.
  • ash213
    ash213 Posts: 223 Forumite
    Do all lenders need a property first?

    I just wish i could go through all the checks first to clarify if i will get the mortgage.
  • ukbrockest
    ukbrockest Posts: 66 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    ash213 wrote: »
    Do all lenders need a property first?

    I just wish i could go through all the checks first to clarify if i will get the mortgage.

    YES as per previous replies
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