H
HelCol
Guest
Not sure if I am posting in the right forum so please move if not appropriate
We just got a sum of 15,000. This is not an SSIA but a lucky gamble. Neither of us has a good savings record although we do have a good credit record. We both already have 50% shares in 2 different properties. When in contact with building societies they are not prepared to take this into account. They are just concerned with payback which surprised us.
We also have been gifted a site.
We need to be in a position in 1 -2yrs time to be able to get a mortgage for a new build - on current prices about 250,000.
Question is: what can we do with the 15,000 to get best rates while also showing a savings record? One of us is currently in fulltime employment (46k) whilst the other is trying to get a new business off the ground - by the time we will be looking for a mortgage we will (hopefully) both be employed in the business but on a less salary than now.
Any helpful advice gratefully received.
We just got a sum of 15,000. This is not an SSIA but a lucky gamble. Neither of us has a good savings record although we do have a good credit record. We both already have 50% shares in 2 different properties. When in contact with building societies they are not prepared to take this into account. They are just concerned with payback which surprised us.
We also have been gifted a site.
We need to be in a position in 1 -2yrs time to be able to get a mortgage for a new build - on current prices about 250,000.
Question is: what can we do with the 15,000 to get best rates while also showing a savings record? One of us is currently in fulltime employment (46k) whilst the other is trying to get a new business off the ground - by the time we will be looking for a mortgage we will (hopefully) both be employed in the business but on a less salary than now.
Any helpful advice gratefully received.