Can anyone sort me out a mortgage?

[boony]

Hi

I want a £140k mortgage on a £235k property but my salary is only £29,800. Anyone on here in a position to sort this out for me at a good rate? I'm about £15k away with most lenders based on my income - surely there's a way?

Any help greatly appreciated.

[atm]

I thought if you are mortgaging less than 75% of the property's value then you can get a self cert mortgage where they dont even ask what you earn. IF you stop making your payments they can repossess and sell on quick only needing to recoup 75% of the property's value.

[scotal]

boony said:

Hi

I want a £140k mortgage on a £235k property but my salary is only £29,800. Anyone on here in a position to sort this out for me at a good rate? I'm about £15k away with most lenders based on my income - surely there's a way?

Any help greatly appreciated.

Give it 5 mins you'll have mail.

[scotal]

atm said:

I thought if you are mortgaging less than 75% of the property's value then you can get a self cert mortgage where they dont even ask what you earn. IF you stop making your payments they can repossess and sell on quick only needing to recoup 75% of the property's value.

They do ask what you earn......... so the OP wold have to make his salary fit an income multiple the lender sets.

[AM04ARO]

Salary multipliers are sooo last year.

Seriously though (where I work) it is all about affordability.

Again to the OP, you have mail.

[boRED S2upid]

With that much equity im sure the offers will and have come flooding in. The way I see it, mortgage lenders (High street excluded) will lend you any amount as long as they will get their money back when you go bankrupt / stop paying. You stop being able to afford the repayments as stated in the OP and they get your house which will have a god wedge of Equity.

[minimax]

I wish people in general would stop thinking that a self cert mortgage means one can state any income on a mortgage application..

[oggs]

minimax said:

I wish people in general would stop thinking that a self cert mortgage means one can state any income on a mortgage application..

[minimax]

oggs said:

minimax said:

I wish people in general would stop thinking that a self cert mortgage means one can state any income on a mortgage application..

lol!

[Plotloss]

How is my mortgage application for The British Virgin Islands coming along...?

[oggs]

Plotloss said:

How is my mortgage application for The British Virgin Islands coming along...?

Prob the same as mine is for just Necker island

[vex]

Plotloss said:

How is my mortgage application for The British Virgin Islands coming along...?

Your buying the British Virgin Isles!

How much did you make on that job in Putney?

[kibosh]

I'm reviewing the mortgage on one of my flats so would also welcome some PH assistance. Piddly amount of £38.5K required. PM's please!!

[minimax]

kibosh said:

I'm reviewing the mortgage on one of my flats so would also welcome some PH assistance. Piddly amount of £38.5K required. PM's please!!

gotcha!

[kibosh]

Cheers m8!

[minimax]