Hi,
My husband and I are interested in buying an apartment but have met with fairly stony responses from banks as we are both self-employed. Even though we are earning well we have been told that we must come up with 30%. This is alot of money.In the UK self certified loans would be the way to go but that doesnt seem to be available here. Has anyone else had experience of this?? Would love to hear about it.
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Thanks for the tip. Will get onto them asap.
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Hi there, I had a similar problem earlier this year as I am self-employed. I tried EVERYTHING but couldn't get a bank to loan me any more than 70%. The only suggestion I have is if you go for a new development. You take out the first mortgage (70%) with a bank and then often the developers have great deals on second mortgages (25%)from their credit company. It's great - I only put down 5% and then the 2nd mortgage was interest free for 2 years. Only thing is, you usually buy flats like this blind, having only seen a show flat. You can get some good deals though. Good luck.
Shelley
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