We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
1st Visit to mortgage broker
jack290292
Posts: 175 Forumite
Hi,
Son is hoping to get mortgage for shared ownership. It is from a HA so no rent to pay just mortgage.
We are having a first visit to a mortgage broker - can anyone advise what to take with us - is it bank statements, proof of savings, payslips - anything else?
As we don't own bit new to all this!
Son is hoping to get mortgage for shared ownership. It is from a HA so no rent to pay just mortgage.
We are having a first visit to a mortgage broker - can anyone advise what to take with us - is it bank statements, proof of savings, payslips - anything else?
As we don't own bit new to all this!
0
Comments
-
No rent to pay?
Are you sure?
All shared ownership is operated by HAs/RSLs and rent-free is normally only offered on a 75% share purchase these days.
Copies of credit files
Three months payslips
Three months bank statements
Evidence of deposit.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.0 -
It's a mortgage for a 50% share - states no rent to pay!
Thanks for the list of things - had not thought about credit reports!0 -
How's he paying for the other 50%?0
-
Has the broker not asked for anything?
3 months bank statements, payslips and id are normal.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards