no proof of income remortgage


G

geoffrob16

My current mortgage product is due to expire and therefore I would like
to remortgage. However, my income is very erratic and therefore I
cannot provide the usual income evidence.

The current mortgage rate I am paying is 4.99% and therefore I want a
rate thats at least as good. This would rule out the usual self cert
mortgages and it would appear that only the usual high st lenders offer
rates below this eg Abbey are offering a 2 year tracker at 4.62%.

What is in my favour is that the LTV is only around 20%. Therefore as
this is so low do any of the High Street lenders not require proof of
income if the LTV is low and will simply rely on what you state in the
application form.
 
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C

Colin Wilson

My current mortgage product is due to expire and therefore I would like
to remortgage. However, my income is very erratic and therefore I
cannot provide the usual income evidence.
Depending on who your current lender is, they might be happy to
rearrange a different mortgage without further proof of income if
you've been paying on time - I wasn't asked any income details
when I swapped to a different mortgage with the Halifax recently
(they were my existing lender).
 
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R

Rob graham

My current mortgage product is due to expire and therefore I would like
to remortgage. However, my income is very erratic and therefore I
cannot provide the usual income evidence.

The current mortgage rate I am paying is 4.99% and therefore I want a
rate thats at least as good. This would rule out the usual self cert
mortgages and it would appear that only the usual high st lenders offer
rates below this eg Abbey are offering a 2 year tracker at 4.62%.

What is in my favour is that the LTV is only around 20%. Therefore as
this is so low do any of the High Street lenders not require proof of
income if the LTV is low and will simply rely on what you state in the
application form.
Many lenders will not ask for proof of income with an LTV as low as this.
Try one.

Rob Graham
 

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