[raiden]

Me and the wife want to put a offer on a house but we got a few issues. Got a deposit and im 90% sure if we give the seller the asking price he will accept but heres the problem. Before we where married my wife owned her own flat which we still live in on a residential mortgage and she owns the shop below her flat which she runs here businness from. When we got together I owned nothing but she was having 2 flats built and at the time the building costs where going up and up and she had to sell one which I brought to get on the ladder. Then about 3 years ago I come in to some money and brought a place we where going to move into but something happened I had to rent it instead. So I called my bank as they got some good offers but if we do it joint they say because we already have 2 residential mortgages together then no can do. If I do it on my own I dont earn enough so we are not sure how we can do this? I thought maybe try with someone else and say all I have is 2 rentals (which I can prove all my earnings on it) and hope they cant check what type of mortgages there on or could I call the bank and say I want to rent this place out what can I do?

 

[championST]

The only thing I know about a mortgages.. is that I decided to buy the r over getting one lol

 

[Paul_N]

I would advice finding a reputable mortgage broker, there is no reason why you cant have another residential mortgage but you will need to meet the income requirement. A good broker will be better at finding this than a bank or building society, and they will probably have access to more types of funding. Cant hurt to ask anyway..

Paul

 

[H5R]

As Paul says above really, exactly what I was going to say, good advice!

 

[raiden]

My broker is getting back to us tomorrow but he was struggling. Gotta get this house as its only behind us where we live plus the bloke tried to sell this before the crash happened and he wanted 270K at the time and now its up for 230K. Twat should of taken my 250k when we last made a offer.

 

[L_O_Z]

I deal with Banks and Brokers on behalf of my clients on a regular bases and things have changed drastically in the last 4 years. Almost anyone could get a mortgage, they were given out free with boxes of cereal. Now they're a nightmare to get. The information needed is ridiculous and don't think that being able to make the monthly payments comfortably means you'll get one. You really need to be earning more than enough money, of low risk and have paperwork proving you're safe coming out of your ears. Even that's no guarantee. But good luck