Home but no HOME
#1
BE Enthusiast
Thread Starter
Joined: Sep 2006
Posts: 359
Home but no HOME
Hello every one. I have made it home at last. I am just loving every minute of it. My only problem is I can't get a mortgage or homeloan, not a bank loan nothing, I have UK credit cards, Money in the bank but have been refused any type of loan to buy a house.
we could put down at least 75% of the cost of a house but are just slightly short.
Can any body help with this.
Regards
#2
Banned
Joined: Jul 2008
Posts: 1,769
Re: Home but no HOME
Hello every one. I have made it home at last. I am just loving every minute of it. My only problem is I can't get a mortgage or homeloan, not a bank loan nothing, I have UK credit cards, Money in the bank but have been refused any type of loan to buy a house.
we could put down at least 75% of the cost of a house but are just slightly short.
Can any body help with this.
Regards
we could put down at least 75% of the cost of a house but are just slightly short.
Can any body help with this.
Regards
#3
Forum Regular
Joined: Mar 2009
Posts: 96
Re: Home but no HOME
I know that before the crunch you could self certify up to about a 75% mortgage (sometimes higher) but I cannot really believe that they will not entertain you at a 25% morgage.
I know my ex wife has just got a mortgage of arund £200k which is arund 40% to 45% LTV where her salary is circa £40k and thus the mortgage is way over the normal multiples. That is with HSBC.
The OP states that he still has UK credit cards. Some of these must be linked somehow with mortgage providers. I'd approach them.
I know my ex wife has just got a mortgage of arund £200k which is arund 40% to 45% LTV where her salary is circa £40k and thus the mortgage is way over the normal multiples. That is with HSBC.
The OP states that he still has UK credit cards. Some of these must be linked somehow with mortgage providers. I'd approach them.
#4
BE Enthusiast
Thread Starter
Joined: Sep 2006
Posts: 359
Re: Home but no HOME
I can't believe it my self, I have kept all my credit cards to keep up score up. I run my uk bank accounts. I have a HSBC bank account and did ask them and they said no to a 20k . mortgage on a 220k house. I was really shocked. I have a brand new contract with my old firm and still no help. I will approach a couple of other leanders but just wondered if any one else had any luck.
#5
Forum Regular
Joined: Mar 2009
Posts: 96
Re: Home but no HOME
Bypass the monkeys on reeption and their normal muppets and get to see some manager.
If you can go to their Premier service then do so. Your cash on deposit would qualify and I think or a salary of about £75k pa.
You can get what you want, don't let those clowns tell you otherwise.
Remember this, when you are in a stronger position than the opposition, they are beholding to you. In cash terms, this usually means either when you have a lot deposited with them or you owe them a lot. You can use this leverage to obtain what you want simply by the threat.
At 50% equity, there is no property in the UK which at today's fair market value proves any risk at all to the lender.
If you can go to their Premier service then do so. Your cash on deposit would qualify and I think or a salary of about £75k pa.
You can get what you want, don't let those clowns tell you otherwise.
Remember this, when you are in a stronger position than the opposition, they are beholding to you. In cash terms, this usually means either when you have a lot deposited with them or you owe them a lot. You can use this leverage to obtain what you want simply by the threat.
At 50% equity, there is no property in the UK which at today's fair market value proves any risk at all to the lender.
#6
Re: Home but no HOME
Hello every one. I have made it home at last. I am just loving every minute of it. My only problem is I can't get a mortgage or homeloan, not a bank loan nothing, I have UK credit cards, Money in the bank but have been refused any type of loan to buy a house.
we could put down at least 75% of the cost of a house but are just slightly short.
Can any body help with this.
Regards
we could put down at least 75% of the cost of a house but are just slightly short.
Can any body help with this.
Regards
#7
Re: Home but no HOME
I am sure the payslip issue is the main part of the problem.
Have you checked your credit history / score? Maybe there is a problem there? if you got to experian or equifax websites (the UK versions), you can pay about 6 quid, and it'll show you your history and score. then you can see if there are any anomolies and sort them out.
Hate to say it but identity theft is becoming more and more of an issue on the UK, so worth checking this anyway, to make sure no-one has been using your details while you have been away.
Have you checked your credit history / score? Maybe there is a problem there? if you got to experian or equifax websites (the UK versions), you can pay about 6 quid, and it'll show you your history and score. then you can see if there are any anomolies and sort them out.
Hate to say it but identity theft is becoming more and more of an issue on the UK, so worth checking this anyway, to make sure no-one has been using your details while you have been away.
#8
Re: Home but no HOME
I know that before the crunch you could self certify up to about a 75% mortgage (sometimes higher) but I cannot really believe that they will not entertain you at a 25% morgage.
I know my ex wife has just got a mortgage of arund £200k which is arund 40% to 45% LTV where her salary is circa £40k and thus the mortgage is way over the normal multiples. That is with HSBC.
The OP states that he still has UK credit cards. Some of these must be linked somehow with mortgage providers. I'd approach them.
I know my ex wife has just got a mortgage of arund £200k which is arund 40% to 45% LTV where her salary is circa £40k and thus the mortgage is way over the normal multiples. That is with HSBC.
The OP states that he still has UK credit cards. Some of these must be linked somehow with mortgage providers. I'd approach them.
When i asked Abbey in person, they said no chance
#9
Re: Home but no HOME
I am sure the payslip issue is the main part of the problem.
Have you checked your credit history / score? Maybe there is a problem there? if you got to experian or equifax websites (the UK versions), you can pay about 6 quid, and it'll show you your history and score. then you can see if there are any anomolies and sort them out.
Hate to say it but identity theft is becoming more and more of an issue on the UK, so worth checking this anyway, to make sure no-one has been using your details while you have been away.
Have you checked your credit history / score? Maybe there is a problem there? if you got to experian or equifax websites (the UK versions), you can pay about 6 quid, and it'll show you your history and score. then you can see if there are any anomolies and sort them out.
Hate to say it but identity theft is becoming more and more of an issue on the UK, so worth checking this anyway, to make sure no-one has been using your details while you have been away.
#10
Banned
Joined: Jul 2008
Posts: 1,769
Re: Home but no HOME
Didn't Nu Shooz get offered a mortgage with no problems? I know we have and we're not even in the country yet.
#12
Forum Regular
Joined: Jul 2008
Location: Sunny Brisvegas
Posts: 133
Re: Home but no HOME
Try Abbey. Every time I'm in they're trying to give me mortage.Davy
#13
Forum Regular
Joined: Mar 2009
Posts: 96
Re: Home but no HOME
The electoral role cut off they like to see is 3 years. So if you are not on at one place, you shuold inform them where you know you were on.
Getting your credit files fro Equifax and Experion is easy and you can do it online.
Getting your credit files fro Equifax and Experion is easy and you can do it online.