Will I Get A Mortgage??

maninthestreet

Dan_Collins wrote: »

Thats not my point, the op did not ask if we think they should buy or not they asked a specific question.

Look at the 2nd post from the op!

Oh dear, another mortgage advisor who thinks it's just a numbers game and can't see beyond the 'Can I get a mortgage?' question.

Looking at the OP's current situation as a whole (as much as can be done, given the information supplied), as well as current market trends, taking on a commitment of a house purchase does not appear to be in their interest right now, though they may mistakenly believe it is. However, In 12 to 18 months, it might well be the right time. There is nothing wrong with renting for this time period.

Dan_Collins_2

OK, ask the OP what he wants!

I agree buying now may or could be silly. But we know nothing of the OP's situation.

Hobsons choice!

PosterBoy77

liam191 wrote: »

Thing is though i have to relocate anyway which means i will have to pay rent on a flat if i dont buy a mortgage, will the bank give me a mortgage on the above??

There may still be banks who will give you a mortgage, but I suspect that you will probably have to get a deal with a relatively high rate of interest.

You should remember that paying rent is not something to be ashamed of. Paying rent is no less worthwhile than paying interest to a bank.

It is likely you would get a better mortgage deal when you yourself have been working for a while, potentially have a bigger deposit and really know how much you can afford once you live with your girlfriend.

Buying a 130k house now seems crazy though. If anything else you should be able to find one, or negotiate on the price to bring it down to 125k. This would mean that you could reduce your mortgage borrowing by £1300 + right away by not paying stamp duty.

With the market as it is, you should easily be able to rent a flat for less than mortgage interest will cost, making renting the better financial option anyway.

Mac_Sami

Dan_Collins wrote: »

Why do you all ignore an OP's question?

I actually ended up on the phone to a poster on here who wanted help. She said she gave up on the forum as nobody answered the questions asks they just judged them based on thier own position.

Come on, lets actually read and listen to what they are asking!! Unless of course they ask for your opinion!

Nobody is judging the OP. If all we did were to answer just the questions posed, the OP goes ahead on our advice and then !!!!s up, I wonder who would get the blame - oh yes, the people who answered just the questions provided.

You cannot just give a simple yes / no answer to a situation involving financial commitment, living with a partner, buying a house with a mortgage partly paid for by a vested party. There are implications further down the line, which we are opening the OP's eyes to (unless he had considered these already, in which case that's great).

Sorry - but some of us do not have all day to sit around and answer specific questions with precise clarity. We are not the bank lending the money. If you want a short and straight answer, the OP should just ask the bloody bank - after all, they're the ones lending the money, so they'll have the best answer.

Clearly you have a personal agenda as a mortgage adviser, which I think is a shame (yes, that was a judgmental comment, and it was meant to be too).

Riq

mikael wrote: »

You should remember that paying rent is something to be ashamed of. Paying rent is no less worthwhile than paying interest to a bank.

Is that a typo?

Dan_Collins_2

Mac_Sami wrote: »

Nobody is judging the OP. If all we did were to answer just the questions posed, the OP goes ahead on our advice and then !!!!s up, I wonder who would get the blame - oh yes, the people who answered just the questions provided.

You cannot just give a simple yes / no answer to a situation involving financial commitment, living with a partner, buying a house with a mortgage partly paid for by a vested party. There are implications further down the line, which we are opening the OP's eyes to (unless he had considered these already, in which case that's great).

Sorry - but some of us do not have all day to sit around and answer specific questions with precise clarity. We are not the bank lending the money. If you want a short and straight answer, the OP should just ask the bloody bank - after all, they're the ones lending the money, so they'll have the best answer.

Clearly you have a personal agenda as a mortgage adviser, which I think is a shame (yes, that was a judgmental comment, and it was meant to be too).

I have no agenda, I do not get business from this site so I am not sure what you are judging.

I think my point has been over egged, so I will leave it at that as ever the OP's question is being ignored so we can all stress our opinions because we know best!

Mac_Sami

Dan_Collins wrote: »

I have no agenda, I do not get business from this site so I am not sure what you are judging.

I think my point has been over egged, so I will leave it at that as ever the OP's question is being ignored so we can all stress our opinions because we know best!

Again, nobody's saying you get business from this site - I just said you clearly have some sort of a personal agenda.

Again, nobody's saying they have the best opinion.

Please don't read into things that are not there. So what if not every poster knows the answer? Even if one post out of this entire thread provides some useful advice to the OP, whether based on the question or not, at least the OP goes away with something useful.

Dan_Collins_2

Sorry but I am done with this now. I shall keep my thoughts to myself in future, I am just trying to help people.

Dan_Collins_2

jeff2029 wrote: »

Good Luck Dan_Collins...i hope you can help people..

Jeff you following me LOL :rotfl:

mountainchrisriver

jeff2029 wrote: »

You Angry if i follow you?

Take your spam and shove it jeff2029... reported... :rolleyes: