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Why mortgage lenders misjudge self-employed professionals

Contractor MortgageWhat is it that mortgage lenders don’t understand about self-employed earnings? For permies, they present their P60, bank statement and a few wage slips: Bingo! Providing their salary is enough and credit score not too adverse, their mortgage is in the bag.

Try taking your accounts (or even worse, your contract) to the same branch and you meet with a stony wall of silence. A frozen glare blankets the advisor’s face, making them look even younger than they are…

…and you’re doomed! You know it. They know it. Yet we all go through the application ritual, just to be polite.

Continue reading about  Why mortgage lenders misjudge self-employed professionals

Will London become a playground for the world’s wealthy?

I don’t think that there’s any real doubt that overseas investment is the root cause of London property prices spiralling continually higher whilst house prices across the rest of the UK suffer. When we’re only talking two or three percent in a year, with what’s going on in other European countries, most existing mortgage holders would probably take that on the chin. Continue reading about  Will London become a playground for the world’s wealthy?

95% Mortgages – legend, truth or plain fairy tale?

Once upon a time in a land before financial collapses and banking crises there lived a happy little product called the 95% loan-to-value mortgage. In fact, not just one, but there were many to be found on the High Streets, up and down the country. Continue reading about  95% Mortgages – legend, truth or plain fairy tale?

90% LTV mortgages availability increasing but be warned

Despite all of the negativity floating around in the housing sector recently, the good news for those in the market for self employed mortgages is that the average deal on the High Street for a 90% loan-to-value mortgage is cheaper today than it was at the time before the economic downturn.  There are also more products becoming available than when the 90% LTV deal all but disappeared from the High Street. Continue reading about  90% LTV mortgages availability increasing but be warned

Housing price move good news for self-employed mortgage sector

For the first time in three years there are not only signs that the housing market in the UK is picking up, but also that the government is actively working on all the cogs that will make mortgage lending a very real possibility once more. Continue reading about  Housing price move good news for self-employed mortgage sector

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