Mortgage broker - ask me anything

teleport3

K_S said:

@teleport3 Based on the very limited information in your posts, one aspect is whether your ex has a poor credit history. I don't want to second guess your broker as they have all the information but I would recommend trying with another broker as well. Please do mention any AIPs that have already been done.

The only AIP is one from Tsb for 114,000 for 15 percent and the same for NatWest. 

She was confused as to why they weren't offering me 10 percent and a much higher borrowing amount. Thanks so much for all your advice

IAMIAM

Can this be done...

Ring existing lender, switch rate because of end current deal ending, 75% LTV, completion 1st April 2021
Ring existing lender a month or too later again, want additional borrowing, taking LTV to 80%, completion date 1st April 2021
Meaning two rates happening, cheaper and more expensive one both completing same time and ending deals at the same time. One rate is 1.59, second rate 1.99. Or will they force me to take it all at 1.99%

Then 1st April 2023, switch deal again where hopefully house price increase along with payments made, will bring all LTV together to under 75% again.

K_S

@IAMIAM Imho I don't think the first part of your plan will work, or if it did, save you any money overall. You could call the lender and ask to be sure.

[Deleted User]

I was looking to speak to @haras_n0sirrah  but can't find her - can someone point me in her direction ?

kingstreet

[Deleted User] said:

I was looking to speak to @haras_n0sirrah  but can't find her - can someone point me in her direction ?

Unfortunately, she is no longer able to post. If you look back in this thread someone says they have Sarah's contact details.

[Deleted User]

Oh, ok, thanks,  is that temporary or permanent - not being able to post ?

big_saver_5

I have her contact details as I used her for my mortgage last month. Will message you 

Anne_X1

K_S said:

Anne_X1 said:

Hi, I reference this forum a lot but never signed up or posted before, so please be gentle
I have been trying to get a self employed mortgage for a few months now. I used a broker who strung me along and finally said he can't help. I run a succesful business and only want to borrow four times my profit but he said I need 3 years of accounts to stand a chance. Can anyone help?

@anne_x1 With 2 years of accounts, you should have a good range of options, barring any other nasties in the background. Did the broker give you more details as to why you need 3 years of accounts? The usual reasons for 2 years being insufficient is the first set of accounts not showing a full year of trading, or a huge jump in profits/activity from year 1 to 2, etc. Does any of that apply to your case?

Hi. Thanks for your reply. I did have a much better second year than the first, but isn't that normal? Can you or someone else reading help? I'm now down to needing about 3.5 times profit as I have added to the deposit.

Are there any broker specialists in self employed mortgages?

Rickydewitt

Hi, for those asking about haras_n0sirrah

She helped secure our mortgage and I can’t express how good the experience was. Got our offer within 5 days from a high street lender. 

trackboy

Rickydewitt said:

Hi, for those asking about haras_n0sirrah

She helped secure our mortgage and I can’t express how good the experience was. Got our offer within 5 days from a high street lender. 

Hi can you please msg me her contact details. I need to arrange my mortgage asap.

Thank you.