Mortgage Minds

Mortgage Minds

Mortgage Minds

Most lenders will not lend you if you’ve recently converted to a LTD company and do not have at least 1 year trading accounts / SA302. But if you’ve accounts for at least one year trading as a sole trader and turned down for a mortgage just because you’ve recently converted to a LTD company, we’ve lenders on our panel, which can consider you offering a mortgage.

If you need help in this situation feel free to contact us on 02080909386 or email us using the comment box below.

Mortgage Minds

Mortgage Minds

This could be one of the unfortunate situations you can come across when buying a property because many lenders do not lend on a property if vender (person selling a property) does not own the property for a certain period for example six months.

It will be worth asking your estate agent once you’re offer is accepted that how long the vendor owned this property. In case vendor is selling the property that is owned by him/her for less than 12 months, you must inform your mortgage adviser so he/she can check with the mortgage lender.

If you need help in this situation feel free to contact us on 02080909386 or email us using the comment box below.

Mortgage Minds

Mortgage Minds

It’s surprising but correct that most lenders do not lend if you’re buying / remortgaging a property next door to a property that you already own.

If you’re having a difficult time in this sort of situation to get a mortgage, we might be able to help you.

Give us a call on 02080909386 or send us the email using the comment box below.

Mortgage Minds

Mortgage Minds

Most lenders do not do remortgage on a property, which you bought cash or using bridging finance within the last six months (day 1 remortgage).

If you’re struggling to do remortgage on your recent purchase, we can help. Give us a call on 02080909386 or email us using the comment box below.

Mortgage Minds

Mortgage Minds

Getting a mortgage on a house, which converted into two flats is not easy because most lenders tend to stay away in this sort of situation.

There could be different scenarios such as:

• House split into 2 flats and you need a mortgage on the whole property.
• House split into 2 flats where the leaseholder/freeholder are the same.
• House split into 2 flats but no separate leases currently exist, but will exist by completion.
• House split into 2 flats – one flat has a lease with owner/occupier in residence, but the other is rented out but has no lease and freeholder wants to remortgage this flat, but no lease will exist moving forward, and it therefore looks like a freehold flat.

If you need help in these scenarios we can help, please feel free to call us on 02080909386 to discuss your personal situation or send us the email using the comment box below.

Mortgage Minds

Mortgage Minds

If you’re a self-employed and have only one year accounts / SA302, most likely you’ll struggle to get a mortgage from most of the high street banks. But we’ve lenders on our panel who can lend self-employed applicants with one-year accounts / SA302. Feel free to call us on 02080909386 or email us by using the comment box below to discuss your personal circumstances free of charge.

Mortgage Minds

Mortgage Minds

If you’re living and working in the UK and have working visa such as Tier 1 or Tier, there are lenders out there who can consider offering you a mortgage if you’ll fulfill all other lending requirements. Feel free to leave a comment below to ask if you need more information.

Mortgage Minds

Mortgage Minds

Many people think that they can’t get a mortgage if they have a CCJ. In reality it depends on the number of CCJ’s, amount, date registered and satisfied or not. For example, there is a lender who ignore a CCJ if registered more than 24 months ago and another lender who accepts 1 CCJ registered within 24 months ago based on the CCJ amount.

In short if you’ve a CCJ or default it’s worth speaking to a mortgage adviser to find out your options. You can do so by calling us on 02080909386 or by sending us email.