May
31
mortgage problems help?
By
we recently went for a meeting with a mortgage adviser, who told us we could borrow £90000, so we went away and searched for properties, we now have found one that we have fell in love with, only to be told by other mortgage lenders that we are not eligible for a mortgage n that they do not understand how any other mortgage lender could offer us £90000, i am now worried that we have found our dream home only for it to slip away, i have tried to see the mortgage lender who told us we could borrow £90000 but he has gone away for two weeks, i think when he gets back he is going to tell us the same as all the other mortgage lenders n that he got it wrong. if that is the case has anyone got any mortgage advice for us we are desperate, we have no debts or marks against our names, but we have a low income, we know we can afford the mortgage because we pay £400 rent a month and pay all our bills n shopping and still have money left over to save….. anyone help
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6 Comments
June 2nd, 2010 at 1:52 am
If you really can afford the mortgage go to a b/s that does a self assessment mortgage and they will let you have it.
June 4th, 2010 at 10:16 pm
wve had all the same problems as you with mortgages and more. we ended up going to an independant mortgage broker. he got us more than any of the banks were offering, he sorted every thing out for us. no hassles, no troubles, no worries and so so quick! we would never ever go through a bank or building society again.
June 5th, 2010 at 8:25 pm
You should talk to your private bank first. They will always be able to give you a better deal than a broker… (I am a mortgage broker). If your bank can’t qualify you ask them why. Some lenders require your mortgage payment plus any other debts you have on your credit report cannot exceed 50% of your total income. Is this the case? Do you have a credit history at all? That may be the problem. You may need a co-signer.
June 6th, 2010 at 7:07 am
I think I may be able to help
June 6th, 2010 at 9:21 am
The bottom line is talk with someone who can not only get you figures but also can get you a pre qual letter showing you the loan and the numbers affliated with it. Do not go to your bank because banks will hit you with a higher rate than a broker. I personally work for a National lender which funds loans using our own money. Therfor we have more of a wide array of products that can serve you better. If your serious about a loan email me and I can have everything you need at your fingertips to get started buying your dream home. Good luck and I hope to hear from you soon.
June 6th, 2010 at 7:21 pm
Im a mortgage broker and there is no reason why you shouldnt be able to get a mortgage o fthat amount if your income multiples match and you have a deposit. In some cases you can get 100 percent mortgage. contact me on my yahoo account. my username is: ruvelruvel, dont worry i wont charge you.