> "Stuart" <chamber[at]egroup.ca> wrote in message
> news:61253f70.0307110940.3b918b41[at]posting.google.com...
> > Hi -
> > > Anyone I should explicitly avoid? Any issues I should be aware of
> > which are particular to the UK market that I need to deal with (i.e.
> > can I transfer mortgages after, say, 2 years by which time I would
> > hope to have a profile more acceptable to High Street banks?
> > As long as you go for a mortgage which has no early redemption penalties,
or
> which is "portable" then moving to a new lender further down the line is
not
> a problem.
> --
> David Miles
> Independent Corporate Planning
> ------------------- > For instant mortgage quotes visit
> www.icplanning.co.uk
> -------------------

> Anyone I should explicitly avoid?

> Doug Ramage <doug-ramage[at]lineone.net> wrote in message
> news:bemv5r$74cnh$1[at]ID-34015.news.uni-berlin.de...
> > > "Stuart" <chamber[at]egroup.ca> wrote in message
> > news:61253f70.0307110940.3b918b41[at]posting.google.com...
> > > Hi -
> > > > > I want to apply for a mortgage of £400k. Ideally it would be interest
> > > only and for 105% of the purchase price to accommodate legal and
> > > related fees.
> > > > > I have a few things working against me - I am self-employed, without
> > > accounts and have been resident in the UK for less than 3 years. In
> > > one high street bank's words, I am "looking for all the variables".
> > > > > Working in my favour are several matters - the real estate market is
> > > depressed, so the lender would be holding a security which - according
> > > to most analysts - will soon rise in value. Also, I have excellent
> > > reference letters from landlords over the last 5 years for both my
> > > personal accommodation as well as office space indicating that I
> > > honour my monthly commitments. My credit record is strong.
> > > > > So - no doubt I will be taking a hit with a non-high street lender who
> > > will take advantage of my situation. How do I minimise the hit? Are
> > > there recommendations for lenders or mortgage brokers which treat
> > > their customers more fairly than others?
> > > > > Anyone I should explicitly avoid? Any issues I should be aware of
> > > which are particular to the UK market that I need to deal with (i.e.
> > > can I transfer mortgages after, say, 2 years by which time I would
> > > hope to have a profile more acceptable to High Street banks?
> > > > > Thanks,
> > > Stu
> > > Unfortunately, I don't think you will any lender for this deal - not
> without
> > more security/guarantee.
> > --
> > Doug Ramage
> I was allways under the impression the general rule was that if your
> "unsecured with no accounts" your generally talking about putting up at
> least 25% as an absolute golden minimum.
> But I have also seen those adverts claiming to offer 105% etc.etc. on
> various deals..
> Are they true? Will people actually lend on those kind of terms? Or
perhaps
> only if you have prooven historical records with a good income?
> > Both those options are available - but not together, AFAIK.
--

> "Stuart" <chamber[at]egroup.ca> wrote in message
> news:61253f70.0307110940.3b918b41[at]posting.google.com...
> > Hi -
> > > I want to apply for a mortgage of £400k. Ideally it would be interest
> > only and for 105% of the purchase price to accommodate legal and
> > related fees.
> > > I have a few things working against me - I am self-employed, without
> > accounts and have been resident in the UK for less than 3 years. In
> > one high street bank's words, I am "looking for all the variables".
> > > Working in my favour are several matters - the real estate market is
> > depressed, so the lender would be holding a security which - according
> > to most analysts - will soon rise in value. Also, I have excellent
> > reference letters from landlords over the last 5 years for both my
> > personal accommodation as well as office space indicating that I
> > honour my monthly commitments. My credit record is strong.
> > > So - no doubt I will be taking a hit with a non-high street lender who
> > will take advantage of my situation. How do I minimise the hit? Are
> > there recommendations for lenders or mortgage brokers which treat
> > their customers more fairly than others?
> > > Anyone I should explicitly avoid? Any issues I should be aware of
> > which are particular to the UK market that I need to deal with (i.e.
> > can I transfer mortgages after, say, 2 years by which time I would
> > hope to have a profile more acceptable to High Street banks?
> > > Thanks,
> > Stu
> Unfortunately, I don't think you will any lender for this deal - not
without
> more security/guarantee.
> --
> Doug Ramage

> Hi -
> I want to apply for a mortgage of £400k. Ideally it would be interest
> only and for 105% of the purchase price to accommodate legal and
> related fees.
> I have a few things working against me - I am self-employed, without
> accounts and have been resident in the UK for less than 3 years. In
> one high street bank's words, I am "looking for all the variables".

> Working in my favour are several matters - the real estate market is
> depressed, so the lender would be holding a security which - according
> to most analysts - will soon rise in value.

> Also, I have excellent
> reference letters from landlords over the last 5 years for both my
> personal accommodation as well as office space indicating that I
> honour my monthly commitments.

> My credit record is strong.

> So - no doubt I will be taking a hit with a non-high street lender who
> will take advantage of my situation.

> How do I minimise the hit? Are
> there recommendations for lenders or mortgage brokers which treat
> their customers more fairly than others?

> Anyone I should explicitly avoid? Any issues I should be aware of
> which are particular to the UK market that I need to deal with (i.e.
> can I transfer mortgages after, say, 2 years by which time I would
> hope to have a profile more acceptable to High Street banks?

> Thanks,
> Stu

> Hi -
> I want to apply for a mortgage of £400k. Ideally it would be interest
> only and for 105% of the purchase price to accommodate legal and
> related fees.
> I have a few things working against me - I am self-employed, without
> accounts and have been resident in the UK for less than 3 years. In
> one high street bank's words, I am "looking for all the variables".
> Working in my favour are several matters - the real estate market is
> depressed, so the lender would be holding a security which - according
> to most analysts - will soon rise in value. Also, I have excellent
> reference letters from landlords over the last 5 years for both my
> personal accommodation as well as office space indicating that I
> honour my monthly commitments. My credit record is strong.
> So - no doubt I will be taking a hit with a non-high street lender who
> will take advantage of my situation. How do I minimise the hit? Are
> there recommendations for lenders or mortgage brokers which treat
> their customers more fairly than others?
> Anyone I should explicitly avoid? Any issues I should be aware of
> which are particular to the UK market that I need to deal with (i.e.
> can I transfer mortgages after, say, 2 years by which time I would
> hope to have a profile more acceptable to High Street banks?
> Thanks,
> Stu

> Working in my favour are several matters - the real estate market is
> depressed, so the lender would be holding a security which - according
> to most analysts - will soon rise in value.