Mortgage issue with BM solutions,

Conrad

On face value I cant see you will have any problems.

Some lenders to consider;

TMB (same group as BM Solutions!)
UCB
SALT - I love this lender, espeically some of thier Swiss tracker rates
Bristol & West - I love this lender to, but can be a bit strict on credit score - maybe worth a go

Mortgage Express - -quite competitive but horrendus service and has been staffed by people who say 'in'it' for as long as I can remember

Coventry
Amber
Scarborough

Kensington - dont really like them as they are American funded so they are all over the place
GMAC - same as Kensington
Prefferred - even worse

Leon_W

See a broker !

Don't just try a stab in the dark as the more searches on your file the worse you will make it.

Go for 90% if you can as a 10% deposit will help your cause rather than anything less.

Some high street lenders can be uber helpfull and a half decent broker will know which ones.

Conrad

The lenders I mentioned are for self cert.

If you want to go full status and 91% (90% is easier and often better rates) then some to peruse are;

C & G
IF
Standard Life

Ive found these three can consider taking all of your income whereas others often only take half the non guaranteed elements

Leon_W

As an aside.

I hate lazy brokers who assume that just because someone has a bit of dicky credit they are "subprime" and get stuffed with a higher rate.

It sometimes amazes me what the more generous high street lenders will actually take on. As a case in point, this week had a client accepted by Abbey with 2 months arrears within the last 6 for a mortgage at 80%. Took a bit of persuasion mind you !

Conrads list is OK but you should do way better than TMB, Kensington (Prime now aren't we ?) or Preffered

itsarichmansworld

Brilliant guys

contacted a IFA earlier came back just now cant port but can get 90% ltv from BM but have to pay erc.

You win some you lose some.

Rather not lose it but theres not much I can do I cant live in this flat anymore cars getting destroyed and arson are regular occurances.

My IFA is going to squeeze the developer for another 2k to cover our legal fees he said there should be enough in the sale to do that as we accepted the first offer.

Just found out as well the house along the road same size etc going for 85k so may threaten to pull the plug on part exchange and sell this recoup my losses that way.

itsarichmansworld

Leon_W wrote: »

As an aside.

I hate lazy brokers who assume that just because someone has a bit of dicky credit they are "subprime" and get stuffed with a higher rate.

It sometimes amazes me what the more generous high street lenders will actually take on. As a case in point, this week had a client accepted by Abbey with 2 months arrears within the last 6 for a mortgage at 80%. Took a bit of persuasion mind you !

Conrads list is OK but you should do way better than TMB, Kensington (Prime now aren't we ?) or Preffered

Just quoting you Leon is it worth showing we have been paying our mortgage etc with no probs and car finance then go to a high st lender?

My plan is to re-mortgage a few years down the line and hopefully by that pointmy credit score will be good enough, I have a CC but I plan on paying this off asap. and have no more credit get my file and try fix problems from before if they still have a issue on my report

Leon_W

Well done.

It would suggest to me that your credit rating HAS improved then for them to agree it.

Night , Over and OUT !

itsarichmansworld

Thanks guys you've made a wee daft lassy feel a lot better!