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100-125% FTB mortgage
Comments
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Well done dunstonh - another wonderfully condescending post - if you can't say anything useful, don't say anything at all!!!!
These products have been a godsend to many of my clients, and along with tomjeffrey they have worked out well for them. It's not like people can self-cert at that level, so every case is only calculated on provable income and affordability. Given the levels of rent you have to pay in our area, they've helped many people get on the ladder, and start to build up some equity, and still pay a similar monthly payment.
Various lenders lend this way jon32 - try Alliance & Leicester, Birmingham Midshires, Abbey and Northern Rock.
And apologies for only being a Mortgage Adviser dunstonh, I bow to your obviously superior brain powerI 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 -
And apologies for only being a Mortgage Adviser dunstonh, I bow to your obviously superior brain power
Why dont you get back to telling lies on your mortgage applications rather than being critical of what is a valid remark about the state of lending at this time.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Grow up dunstonh, does every mortgage broker on the country do that - I don't think so - do you know anything at all about my business - I don't think so - are you cleverer than me - couldn't comment as I don't know you - maybe you should use the same philosophy. Pr*ckI 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
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Call me daft if you like but I think to buy a property all lenders should insist on at least a 5% deposit.0
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In an ideal world I would agree chelseablue, but if you have to rent at £750 per month, then it doesn't really give an 'average' person/couple much scope to save. Anyone who bought five years ago by obtaining a mortgage at 100% would be very pleased that they did - and possibly couldn't afford to buy the house that they own today, even with a 5% depositI 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
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Grow up you 2 LOL
There is some truth in what Dunce says however there is als some truth in what Mortgageinc does.
Dunstonh I think you owe an apology, that was harsh regarding the apps and Mortgageinc you to for calling him that!
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Apologies!!!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
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