Any tame mortgage brokers in the house?

#1
I'll cut to the chase.

I could do with a £100k mortgage. Snag is I haven't got a deposit so although the £100k would cost less per month than I've been paying in rent for the last three years it looks practically impossible to get one.

Oh and I'm self employed.

I figure the answer is just keep on renting for now but if anyone can help do get in touch!
 

Alsacien

MIA
Moderator
#3
I recently engaged a UK broker to sort some options out for me, not finalised yet so I'm not going to tick his box - looking on the net there were plenty specialising in self employed as long as your accounting is in order.
Ask a couple if it is a goer, that does not cost anything. If you do get something don't expect it to be at the sexy rates you see advertised though..

Good luck!
 
#6
Can you get a loan for the deposit but say its for a car or something else?
Difficult just at the moment. Would be easier in a few months. Have had no proper water supply since November and have now been given two months notice to quit (which as you can imagine we're looking forward to doing!) We'll probably rent somewhere else but saw a cottage for £100k and the rental market here is not great

. I can readily afford it but that doesn't seem to cut any ice. Computer says no.
 
#7
Difficult just at the moment. Would be easier in a few months. Have had no proper water supply since November and have now been given two months notice to quit (which as you can imagine we're looking forward to doing!) We'll probably rent somewhere else but saw a cottage for £100k and the rental market here is not great

. I can readily afford it but that doesn't seem to cut any ice. Computer says no.
Get in touch with the Regimental Handsome Man. He'll probably know a man who knows a man.
 
#8
A lot of people selling are now paying the deposit for the buyers, not sure how it works but I think they absorb the deposit into the sale price, something like that, looks like everyone wins then.
K
 

Legs

ADC
Book Reviewer
#9
I can't help much except to give one little warning...

Do not - and I'll say it a little louder just so you are sure about this - DO NOT touch Forces Financial. I am currently taking legal action against them to recover costs incurred because of their inefficiency and monumental ****-ups.
 
#10
I'll cut to the chase.

I could do with a £100k mortgage. Snag is I haven't got a deposit so although the £100k would cost less per month than I've been paying in rent for the last three years it looks practically impossible to get one.

Oh and I'm self employed.

I figure the answer is just keep on renting for now but if anyone can help do get in touch!
Check your PM's
 

TheIronDuke

ADC
Book Reviewer
#11
I guess a 15k car loan the week before you offer 15k deposit on a mortgage is probably not going to pass unnoticed on your credit record...?
Credit records are for people who need credit.

So, the OP. You are an ex-STAB, you are skint and you need £100k? Heh. I do like a challenge. But before I start to solve your problem, you need to chill the **** out. Clear your diary and take five minutes with the Mother Maybelle and the Carter Sisters. I shall come back to you in five minutes with the solution. Meanwhile, enjoy...

[video=youtube;3qEhj-rQSAU]http://www.youtube.com/watch?v=3qEhj-rQSAU[/video]
 
#12
Credit records are for people who need credit.

So, the OP. You are an ex-STAB, you are skint and you need £100k? Heh. I do like a challenge. But before I start to solve your problem, you need to chill the **** out. Clear your diary and take five minutes with the Mother Maybelle and the Carter Sisters. I shall come back to you in five minutes with the solution. Meanwhile, enjoy...

[video=youtube;3qEhj-rQSAU]http://www.youtube.com/watch?v=3qEhj-rQSAU[/video]
For some strange reason I've found myself laughing out loud to that Bilge
 
#13
Try new builds. Many builders have a variety of deals to assist people in buying their houses.
 
#14
I've just googled '100 mortgage' and there appears to be some useful hits.

Your luck might be in 100% mortgages appear to be making a return.
 

TheIronDuke

ADC
Book Reviewer
#15
For some strange reason I've found myself laughing out loud to that Bilge
Good. I live to amuse people. I really ****ing do.

Moving on. You need £100k for a house and you are skint? No way the sort of reptiles who prey upon home owners are going to give you anything, other than knee-capper finance. So **** 'em.

What Jarrod said works. You want £25k for a house deposit you can **** off. You want £25k for a car? That is doable. Once you have the cash (for a car, business plan, whatever) it is ****ing cash and you can do what you want with it. The only thing the lender is concerned about is that you can make the payments.

There is way more money sloshing about in the 'buy a car' segment than in the 'buy a house when you are a skint ex-STAB' segment. So pick the low fruit. Go for the easy money.
 

jarrod248

LE
Gallery Guru
#16
Don't forget the 0% deals on credit cards for balance transfers, barclaycard have one at 22 months, natwest is I think 20 months. Money can move for free.
 

sirbhp

LE
Book Reviewer
#17
no such thing as a tame mortgage broker or independent financial advisor old chum .
 

TheIronDuke

ADC
Book Reviewer
#18
Don't forget the 0% deals on credit cards for balance transfers, barclaycard have one at 22 months, natwest is I think 20 months. Money can move for free.
This is the second time you have offered sage advice in this thread. I am concerned. Tell me you do not plan to grow a stringy grey beard and start talking in a weird Chinese accent?

But yes, what me Mum says is true. Every time you switch your balance transfer they add loads of 'credit' to your account. Play the balance transfer game right and £25k shall be yours. Do not look at the ARP. You could get knocked over by a bus next week when all is said and done.
 

jarrod248

LE
Gallery Guru
#19
This is the second time you have offered sage advice in this thread. I am concerned. Tell me you do not plan to grow a stringy grey beard and start talking in a weird Chinese accent?

But yes, what me Mum says is true. Every time you switch your balance transfer they add loads of 'credit' to your account. Play the balance transfer game right and £25k shall be yours. Do not look at the ARP. You could get knocked over by a bus next week when all is said and done.
Don't forget where I'm from.
 

Alsacien

MIA
Moderator
#20
Good. I live to amuse people. I really ****ing do.

Moving on. You need £100k for a house and you are skint? No way the sort of reptiles who prey upon home owners are going to give you anything, other than knee-capper finance. So **** 'em.

What Jarrod said works. You want £25k for a house deposit you can **** off. You want £25k for a car? That is doable. Once you have the cash (for a car, business plan, whatever) it is ****ing cash and you can do what you want with it. The only thing the lender is concerned about is that you can make the payments.

There is way more money sloshing about in the 'buy a car' segment than in the 'buy a house when you are a skint ex-STAB' segment. So pick the low fruit. Go for the easy money.
Bizarrely, in Germany it is easier to get 50k car loan than a 50k home improvement loan - rates at around 5-5.5 so about 1.5 up on a remortgage.
 

Similar threads

Latest Threads

Top