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      Financial advisers.

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      delixeCFL
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      Financial advisers.
      Jun 16, 2017 03:29:07 pm
      Hi folks

      Me and Sam are in an unfamiliar situation where we'll probably be in need of a financial adviser but I thought I'd ask some of you guys before we shell out hundreds of pounds to someone where some of you may be able to help.

      In a nutshell.....

      We're going through the right to buy on our council house, probably end up being about £46,000.

      The reason we're asking for help is I'm self employed with a ltd company (staff of 1, me) and its the first time I've ever been self employed so getting a mortgage this way will be all shiny and new. (We want a fifteen year mortgage). I was on a mortgage before but that was as full time employed.

      I know I can just go the bank and get one but I've heard about tracker mortgages and the ability to pay them off early, what would I be best getting what with me being self employed, I'd like to be able to pay off a much as possible by working myself to near death for a couple of years.

      Any help would and shall be appreciated.
      7-King Kenny-7
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      Re: Financial advisers.
      Reply #1: Jun 16, 2017 04:16:35 pm
      I think usually they want you to have 3 years worth of books if you are self employed. Not always a definite requirement but usually works in your favour.
      If you have a ltd company then why aren't you just employed by that business instead of going self employed?
      RedPuppy
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      Re: Financial advisers.
      Reply #2: Jun 16, 2017 04:32:52 pm
      I would not worry about the length of the mortgage, if you get a 25 yr one, you can pay it off early, that's what we have done.

      Paid it normally, and when we had a nest egg, paid off a chunk of mortgage when we could.

      Just make sure you don't have an early payment clause.
      RedPuppy
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      Re: Financial advisers.
      Reply #3: Jun 16, 2017 09:54:03 pm
      Cheers pups.

      The 15 year is more to do with me being 50 next birthday and wanting it gone by 65. I work with a fella who's 74 and still driving an artic around Manchester town centre trying to pay his mortgage off, F**k that. I want it gone.

      Having said that Sam's only 33 so she can get off her fat arse and pay it off.

      😉

      Got you, wish you the best of luck.
      shabbadoo
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      Re: Financial advisers.
      Reply #4: Jun 29, 2017 08:38:35 am
      Hi folks

      Me and Sam are in an unfamiliar situation where we'll probably be in need of a financial adviser but I thought I'd ask some of you guys before we shell out hundreds of pounds to someone where some of you may be able to help.

      In a nutshell.....

      We're going through the right to buy on our council house, probably end up being about £46,000.

      The reason we're asking for help is I'm self employed with a ltd company (staff of 1, me) and its the first time I've ever been self employed so getting a mortgage this way will be all shiny and new. (We want a fifteen year mortgage). I was on a mortgage before but that was as full time employed.

      I know I can just go the bank and get one but I've heard about tracker mortgages and the ability to pay them off early, what would I be best getting what with me being self employed, I'd like to be able to pay off a much as possible by working myself to near death for a couple of years.

      Any help would and shall be appreciated.

      Best would be get a fixed low rate for 3/5 years so the repayments are very low, usually there is a fee for this type p, allowing you time to save too to pay it off earlier & also you would still be allowed to pay 10% lump payment every year to reduce the capital without early repayment cost.
      heimdall
      • Forum Legend - Paisley
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      • 13,818 posts | 2724 
      Re: Financial advisers.
      Reply #5: Jul 03, 2017 01:02:02 pm
      Get in touch with HALIFAX, they do specialised mortgages for self employed people and at decent rates. I'd recommend trying to get a 5 year fixed rate mortgage at the moment, that's what I've just done.

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