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Mortgage chance for newbie in UK
Rocksolid
Posts: 317 Forumite
Hello,
I'm less that one year in UK and I'm wondering how much a lender may be willing to give me a mortgage, regardless the amount for now.
Do you think is required at least 3 years of permanence here or I can try even now? I ask because this will result in my credit history and is not good if I already know it will fail
, plus I have few request for loans (my mistakes, I didn't know they were hard checks), and I didn't get them for my short time of permanence in UK, this was after 3 months I came here.
I'm less that one year in UK and I'm wondering how much a lender may be willing to give me a mortgage, regardless the amount for now.
Do you think is required at least 3 years of permanence here or I can try even now? I ask because this will result in my credit history and is not good if I already know it will fail
, plus I have few request for loans (my mistakes, I didn't know they were hard checks), and I didn't get them for my short time of permanence in UK, this was after 3 months I came here. 0
Comments
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EU/EEA or not?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
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EU, why?
Adding a bit of text for minimum text required0 -
EU, why?
Adding a bit of text for minimum text required
Because Kingstreet is a broker and there is a reason because he/she knows what lenders like and do not like."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
You should have at least three lender options open to you and any decent broker will know who they are and if you fit their other criteria.
Non-EU/EEA means visa duration requirements and/or LTV limits.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 -
Yes but this means to do 3 applications=3 hard checks, right?0
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No it means finding a lender that has the product and other criteria most suitable for you.
The hard search will only happen you make the application.0 -
There should be options for you. Speak to a broker who understands your circumstances and they should be able to place with one lender rather than many applications.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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Thanks to all, currently I'm evaluating with a soft search (I didn't know about it), called Decision in Principle.0
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foxy-stoat wrote: »Are you picking random lenders ? Your better off with a whole of market broker as suggested.
An advisor is taking care of it.0
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