Can you ever get a mortgage with no job but large deposit
Nov 29th 2012, 10:20 am
#31
Forum Regular
Joined: Nov 2012
Location: Essex, UK
Posts: 64
Re: Can you ever get a mortgage with no job but large deposit
That's not correct, in some instances it's allowed and is assessed on a case by case basis.
Nov 29th 2012, 10:21 am
#32
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Can you ever get a mortgage with no job but large deposit
He was right though we did get more 
Nov 29th 2012, 10:41 am
#34
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,005
Re: Can you ever get a mortgage with no job but large deposit
To the OP: The MoneySavingExpert site is a good place to start for almost any impartial financial advice you want. they have a free mortgage guide available at:
http://www.moneysavingexpert.com/mor...mortgage-guide
- they don't always have the kind of advice you might need if you are an unusual case, but it's worth a look.
http://www.moneysavingexpert.com/mor...mortgage-guide
- they don't always have the kind of advice you might need if you are an unusual case, but it's worth a look.
Nov 29th 2012, 12:13 pm
#35
Forum Regular
Joined: Nov 2012
Location: Essex, UK
Posts: 64
Re: Can you ever get a mortgage with no job but large deposit
As mentioned it's on a case by case so the lenders will probably need full information.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
Nov 29th 2012, 1:07 pm
#36
BE Forum Addict
Joined: Nov 2007
Location: Beautiful Dorset, UK
Posts: 2,195
Re: Can you ever get a mortgage with no job but large deposit
As mentioned it's on a case by case so the lenders will probably need full information.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
Nov 29th 2012, 1:32 pm
#37
Forum Regular
Joined: Nov 2012
Location: Essex, UK
Posts: 64
Re: Can you ever get a mortgage with no job but large deposit
I took it to mean when returning to UK.
Nov 29th 2012, 3:13 pm
#38
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,005
Re: Can you ever get a mortgage with no job but large deposit
As mentioned it's on a case by case so the lenders will probably need full information.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
It doesn't necessary follow the info is on websites, if you look at the Marsden building society website it tells you they do expat mortgages with very little detail.
Some mortgage deals are exclusive to brokers and therefore not available generally to the public direct.
I have spoken with the lender and the criteria is as follows
Min loan £100,000
Maximum percentage borrowed (LTV) 70%
requirements
UK bank account
3months wage slips in current employment
3 months bank statements from current bank
Employment reference from current employment
Copy of passports & money laundering checks.
This is for information purposes only and the lender is not disclosed as could be construed as advice.
You are best to use the services of an adviser as mentioned above not all schemes are made available directly.
Nov 29th 2012, 3:32 pm
#39
Forum Regular
Joined: Nov 2012
Location: Essex, UK
Posts: 64
Re: Can you ever get a mortgage with no job but large deposit
Most mortgage brokers who conduct the right research should be able to help, those who specialise in ex pats or IFA's like ourselves or you could use a website called cherry find and put out an enquiry through them.
Hope that helps
( I chose to ignore whats being implied and will not get involved in unconstructive banter, I'm only trying to help people where and if I can)
Hope that helps
( I chose to ignore whats being implied and will not get involved in unconstructive banter, I'm only trying to help people where and if I can)
Last edited by UK IFA; Nov 29th 2012 at 4:07 pm. Reason: Further comments
