Mortgage help please

[kevinlam]

Hi all,

Just wondering if anyone knows if it is possible to get a mortgage for a new build with less than 1 year of account please? I have just started in May but saw this new build house on offer.

Any help will be very much appreciated.

Thanks :-)

Kevin

[Paddy]

Hi all,

Just wondering if anyone knows if it is possible to get a mortgage for a new build with less than 1 year of account please? I have just started in May but saw this new build house on offer.

Any help will be very much appreciated.

Thanks :-)

Kevin

No, or not unless you have another property to re-mortgage to finance it. Even then the interest will be very very high.

[Old Greg]

Hi all,

Just wondering if anyone knows if it is possible to get a mortgage for a new build with less than 1 year of account please? I have just started in May but saw this new build house on offer.

Any help will be very much appreciated.

Thanks :-)

Kevin

Talk to contractormoney. They will get you a mainstream mortgage withouth accounts (assuming your credit rating is OK). They ask for things like:

- 3 months' business and personal bank accounts
- Current contract
- CV

It's a bit odd that this still goes on but it worked for us (I have 3 years' accounts and they weren't interested).

Their service is 8/10 as well.

OG

[Support Monkey]

Talk to contractormoney.

WHS, I would be surprised if they could not sort you out

[PAH]

So is it possible to get a mortgage while on the bench?

I thought the old method of just getting your accountant to confirm you can afford it and produce the last 3 years of accounts to prove it may work, rather than waiting till I'm one week into a new contract with a one week notice period.

Tempting to get a 10 year fixed rate at 3.99% (may even come down a bit more in the coming weeks/months) and transfer most of my warchest into property, as a hedge against inflation or bank going tits up.

I know the cheapest variable rates of around 1.99% look tempting but using the BBC's mortgage calculator they are only £50/month cheaper per 50k borrowed over 20 years, so fixing (or maybe an offset mortgage) looks the better long term choice.

[DaveB]

Talk to contractormoney. They will get you a mainstream mortgage withouth accounts (assuming your credit rating is OK). They ask for things like:

- 3 months' business and personal bank accounts
- Current contract
- CV

It's a bit odd that this still goes on but it worked for us (I have 3 years' accounts and they weren't interested).

Their service is 8/10 as well.

OG

WHS, I would be surprised if they could not sort you out

What they said. Used them myself and they were very helpfull. Was in a similar position of wanting a mortgage with only 6 months accounts, although it was to replace an existing mortgage rather than a new purchase. Shouldn;t be a problem though.