who to turn to?

[KIZZY444]

Hi,I am self employed and last year my partners sister stepped in with her to get a mortgage on a home I share with my partner, (I did not apply as I could not prove my income at the time).
Our home is with a company which has had difficulties and needed to be baled out by the government.
The fixed rate agreement runs out in June and our payments are due to rise sharply so we really need to switch to a new company.
The problem now is that since then my partners sister has got herself a bad credit score and lenders have turned them down.
I still cannot get involved and we are wondering what we can do now.
She has spoken to various brokers but they seem unable or unwilling to help.
Anyone got any idea what we should do?
The value of the house has risen by over £25 grand in the last year as the houses here are very sought after.
Thanks.

[nufsaid]

Hiya Kizzy I'm with Northern Rock as well we are having trouble with them at the mo with them claiming we have missed payments when we haven't they don't want what they deem high risk peeps.

I would do some serious shopping around I would be careful who you do go with in your situation you don't want to go from the frying pan to the fire.

Maybe try citizens advice to see if they can help as where to try.

Hope this helps I know some clever bod on here may have more advice for you as well.

Have a look around on here you may find peeps in the same situation.

Take care.

NS

[Bona]

Try Charcol on line

[KIZZY444]

Originally Posted by Bona

Try Charcol on line

I think you may be bang on there, she's just arrived home and told me she has been talking to them, thanks.

[Kai-Boshed]

Just because you are self employed it shouldnt prevent you from getting a mortgage. If you have a good credit rating, equity and/or deposit you can 'self cert' your income.

[KIZZY444]

Originally Posted by Kai-Boshed

Just because you are self employed it shouldnt prevent you from getting a mortgage. If you have a good credit rating, equity and/or deposit you can 'self cert' your income.

Well I have no credit rating as I have not borrowed before, which apparently can be as bad a having a bad credit rating.
The charcol adviser says that they may be able to get an "adverse mortgage route" or something like that.
The problem is that my partner and her sister are the legal owners of this property which I guess puts me completely out of the equasion, self employed or not.

[Bona]

Not so if you can get a mortgage you can be transferred on to the deeds where are you have you truied one of the first time buyer schemes where you but half and rent half my son is going down that route he has his a company which has just started and he looked at Moat it was very helpful