Where can one get a morgage when on a low income?
Answers:
I went to see a morgage advisor through an estate agent. They are free as they earn commission from any companies their clients go to. They have knowledge of all the different morgage companies and what they offer and know how to deal with them, the right things to say etc.. I managed to buy a flat even though I'm self employed and my earnings vary - there's no way I would've known how to do it otherwise as the morgage companies just laughed at me when I went to them on my own!
have you tried st george,im a single mum,and they were there for me where others would not,and still are, what have you to lose
Look into shared ownership through a local housing association, it should be possible for you to borrow less to purchase a share of a property and pay subsidised rent on the remainder.
Id agree, look at shared ownership (mortgage for a percentage of property, say 50% on average, so a £200K home becomes £100K), rent normally payabe on the rest. Places like homebuy and homes2ownuk.com to find more details.
try going to regency mortgages,
There are programs for folks with no income. There are plenty of options for people looking to purchase homes.
Apply online at www.surefirefinance.co.uk they will get back to you with an offer and you can go from there regarding which type of mortgage you want (self cert. etc.)
You can go self certification. This means the lender does not check your income. They are all above board but you must be careful not to overspend. You need a chat with an independent Mortgage adviser. try www.thepremiergroup.co.uk
The answers post by the user, for information only, UKQnA.com does not guarantee the right.