New Posts For Thread: Yet another mortgage question........https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-questionChisel (or anyone else for that matter) - would you mind giving me a bit of advice about the following.Im a year away from the end of a five year**on my mortgage where I owe 56k on a property worth approx 280k (so I have 80% equity in the house).My oI have no income, self employed or otherwise. My living comes from the money I make on Betfair. I can show a steady transfer of funds from Betfair to my bank but thats it. My wife has some income but she only works part time and it is a small amount.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963790#425963790I have no income, self employed or otherwise. My living comes from the money I make on Betfair. I can show a steady transfer of funds from Betfair to my bank but thats it. My wife has some income but she only works part time and it is a small amount.Tue, 26 Jan 2010 09:19:23 -0600Hi JudgeI am afraid not . When you move , although the mortgage is portable, you MUSt meet the lenders current lending criteria. That entails providing proof of income etc. Have you a self employed or employed income? Have you a spouse who earns?Thehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963786#425963786Hi JudgeI am afraid not . When you move , although the mortgage is portable, you MUSt meet the lenders current lending criteria. That entails providing proof of income etc. Have you a self employed or employed income? Have you a spouse who earns?TheTue, 26 Jan 2010 03:25:23 -0600chiselSorry to come back to this but can you just clarify something for me.You said that I will need to provide proof of income if I move in the future. Is that always the case and even if I am not looking to increase the amount borrowed?It seems a bhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963770#425963770chiselSorry to come back to this but can you just clarify something for me.You said that I will need to provide proof of income if I move in the future. Is that always the case and even if I am not looking to increase the amount borrowed?It seems a bMon, 25 Jan 2010 11:10:23 -0600Hmmmm.... Looks like my only option is to stop paying off early and stashing/investing the cash elsewhere if I want to buy something bigger in the future.Thanks for taking the time to reply chisel - much appreciated.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963750#425963750Hmmmm.... Looks like my only option is to stop paying off early and stashing/investing the cash elsewhere if I want to buy something bigger in the future.Thanks for taking the time to reply chisel - much appreciated.Fri, 22 Jan 2010 04:10:16 -0600JudgeYou are spot on. If you go onto SVR you will at any time be able to ask Nationwide to change your product , as long as you pay a fee. you will not have to provide any income proof. SVR is a good option as there are no Early Repayment charges. Ithttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963746#425963746JudgeYou are spot on. If you go onto SVR you will at any time be able to ask Nationwide to change your product , as long as you pay a fee. you will not have to provide any income proof. SVR is a good option as there are no Early Repayment charges. ItFri, 22 Jan 2010 03:43:07 -0600If this is your only living what's wrong with putting a set of accounts together?-Job title Trader!https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963742#425963742If this is your only living what's wrong with putting a set of accounts together?-Job title Trader!Thu, 21 Jan 2010 12:21:06 -0600There are some decent self cert buy to lets out there It hardly oozes honesty .. unlikely they will check you still live there thoughWorth considering if you are totally stuckGood luckhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963738#425963738There are some decent self cert buy to lets out there It hardly oozes honesty .. unlikely they will check you still live there thoughWorth considering if you are totally stuckGood luckThu, 21 Jan 2010 09:34:39 -0600chiselSo are you saying that the Nationwide will let me**again without having to provide proof of income etc.? I wouldn't want to**if it was expiring now but that could change in a years time.Am I right in saying that if I do nothing they will just phttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963734#425963734chiselSo are you saying that the Nationwide will let me**again without having to provide proof of income etc.? I wouldn't want to**if it was expiring now but that could change in a years time.Am I right in saying that if I do nothing they will just pThu, 21 Jan 2010 09:29:21 -0600WickettWho do you bank with and do you have a good credit history. What is teh value of your property?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963730#425963730WickettWho do you bank with and do you have a good credit history. What is teh value of your property?Thu, 21 Jan 2010 09:01:55 -0600JudgeYou are in a very good position as long as you do not want to borrow any more money. The nationwide are a very fair lender, and their SVR is 2% above base , so you would pay 2.5% Nationwide will also offer you the choice of any of their productshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725950/yet-another-mortgage-question?post_id=425963726#425963726JudgeYou are in a very good position as long as you do not want to borrow any more money. The nationwide are a very fair lender, and their SVR is 2% above base , so you would pay 2.5% Nationwide will also offer you the choice of any of their productsThu, 21 Jan 2010 09:00:52 -0600