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Mortgage Lenders Uk

Cassandra Said:

How can I get a mortgage in the UK to buy property in Ukraine?

We Answered:

1. If you have a UK property raise the capital against that by way of Further Advance (subject to income and equity)
2. Find a UK subsidiary of a Ukraine Bank and see if they can offer you a mortgage (don't even know if this option exists!)
3. Find a company or broker specialising in mortgages in foreign countries. The only one I Know of is Conti in Brighton (check yellow pages/Internet, not a recommendation).

As Ukraine is an up and coming nation, I think you may be saddled with the mortgage in their country route as no UK lenders I Know of offer mortgages in this country.

Best of luck.

Doris Said:

How can someone who is not employed but works as a contractor get a mortgage in the UK?

We Answered:

Most UK lenders will treat you as 'self employed'. Not all insist on three years accounts but if you do have them it will increase your chances. Some will use an 'average', some will use the latest years figures to assess your borrowing capacity.
National Insurance payments are not checked, unless of course you have been taken to court for non payment !!
Dont forget to get a decent rate you will need at least a 15% deposit.
Suggest you speak to an Independent Mortgage Adviser and beware of any amateur answers.

Discuss It!