I entail a mortgage but enjoy a enormously desperate credit rating!?
My boyfriend has a good credit rating but is self employed, I hold a terrble one due to being a student a while ago!
We only want a lb20000 mortgage to buy come to rest to gain planning permission on (we are architects) any good companies or ways around this? (my boyfiend have only been self employed for 1 year so individual has 1 years books!) Thnaks
Answers:
Try gmac, they are a good company for people who are self employed or own bad credit ratings, Northern rock are also good for this
nope
im a mortgage advisor, so i can probably help....
1, do you want to borrow the money to buy the estate or to build the house? or both?
2, what is the price of the land?
2a, does the land already hold planning permission? most/all companies wont allow you to buy land that doesnt own planning permission (residential)... you may be able to achieve a commercial loan for this though
3, how much of a deposit do you have?
4, how much do you / boyfriend earn per year?
5, what other commitments do you have... ie loans, credit cards etc...
6, where on earth are you located
Apply online at www.surefirefinance.co.uk they should know how to help.
Bad credit is one of the worst problems to hold... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I have to do it again I would pay to some minor details,
if someone wants to seize out of debt today it is pretty easy with a debt consolidation plan, however it may seize a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start surrounded by my humble opinion is astraight to the point ebook with press and answer I found :
http://umgarticles.atspace.com/debt-cons…
if it helps kindly remember me contained by your voting!.. cheers!
hi you're best bet would be to speak to your lawyer and ask his advise. if u hold already done so u will pro find that u and you're boyfriend will get a joint mortgage from a broker.
Get a Self Certification Mortgage. The best companies for this are GMAC and TMB it's best to do it through a Mortgage Broker. A Self Cert. mortgage is intended for the self employed, it means you declare what your proceeds are and they do not ask for proof. It is used a lot for Buy-to-Let property purchases where you know the rent will cover the mortgage payments (or you can fashion up the difference). Other companies say they offer Self Cert. after they ask your accountant for your last 2 years accounts! Make sure it is truly Self Cert. product. Also make sure you can afford to discharge the mortgage you are going for, you could take in a lodger or purchase the property next to a friend who has a good credit and accounts to show (or salary), afterwards you need to buy it as 'tenants in common' so that if one dies their share go to their Estate not to the other owners, unless you want it that way. If you are buying land to build on try 'The Build Store' they provide self build mortgages. Hope that help. Source(s): I am a Property Investor.
hi,try looking on the internet for companies that do SELF CERT mortgages or loans for people who's credit ratin is not too good.they don't entail to see any proof of income, maybe just proof that he is self-employed.i've be self employed for 9 years and have remortgaged 3 times using this method.and at one point our credit rating was unpromising.just keep an eye on the interest rates
i did not no you could get one to buy ground , i do not think you have any uncertainty
Related Questions:
Does any one know what is going to surface to the mortgage industry? will it pick up soon or is getting worse?
With the newest legislation that was passed today, it is going to adjectives but go away. The lenders are trying their hardest to blame this credit debacle on the mortgage...
We only want a lb20000 mortgage to buy come to rest to gain planning permission on (we are architects) any good companies or ways around this? (my boyfiend have only been self employed for 1 year so individual has 1 years books!) Thnaks
Answers:
Try gmac, they are a good company for people who are self employed or own bad credit ratings, Northern rock are also good for this
nope
im a mortgage advisor, so i can probably help....
1, do you want to borrow the money to buy the estate or to build the house? or both?
2, what is the price of the land?
2a, does the land already hold planning permission? most/all companies wont allow you to buy land that doesnt own planning permission (residential)... you may be able to achieve a commercial loan for this though
3, how much of a deposit do you have?
4, how much do you / boyfriend earn per year?
5, what other commitments do you have... ie loans, credit cards etc...
6, where on earth are you located
Apply online at www.surefirefinance.co.uk they should know how to help.
Bad credit is one of the worst problems to hold... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I have to do it again I would pay to some minor details,
if someone wants to seize out of debt today it is pretty easy with a debt consolidation plan, however it may seize a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start surrounded by my humble opinion is astraight to the point ebook with press and answer I found :
http://umgarticles.atspace.com/debt-cons…
if it helps kindly remember me contained by your voting!.. cheers!
hi you're best bet would be to speak to your lawyer and ask his advise. if u hold already done so u will pro find that u and you're boyfriend will get a joint mortgage from a broker.
Get a Self Certification Mortgage. The best companies for this are GMAC and TMB it's best to do it through a Mortgage Broker. A Self Cert. mortgage is intended for the self employed, it means you declare what your proceeds are and they do not ask for proof. It is used a lot for Buy-to-Let property purchases where you know the rent will cover the mortgage payments (or you can fashion up the difference). Other companies say they offer Self Cert. after they ask your accountant for your last 2 years accounts! Make sure it is truly Self Cert. product. Also make sure you can afford to discharge the mortgage you are going for, you could take in a lodger or purchase the property next to a friend who has a good credit and accounts to show (or salary), afterwards you need to buy it as 'tenants in common' so that if one dies their share go to their Estate not to the other owners, unless you want it that way. If you are buying land to build on try 'The Build Store' they provide self build mortgages. Hope that help. Source(s): I am a Property Investor.
hi,try looking on the internet for companies that do SELF CERT mortgages or loans for people who's credit ratin is not too good.they don't entail to see any proof of income, maybe just proof that he is self-employed.i've be self employed for 9 years and have remortgaged 3 times using this method.and at one point our credit rating was unpromising.just keep an eye on the interest rates
i did not no you could get one to buy ground , i do not think you have any uncertainty
Related Questions:
Does any one know what is going to surface to the mortgage industry? will it pick up soon or is getting worse?
With the newest legislation that was passed today, it is going to adjectives but go away. The lenders are trying their hardest to blame this credit debacle on the mortgage...