How can I get a second mortgage ?

with proof of being able to pay the loan back, yes…

im unemployed on DLA (only till the summer) and I’ve got no trouble getting loans..

infact my bank offered me a £14,000 overdraft instead of a credit card because of me turning it down…

my mates mortgage is less than £50 (just texted him and he pays £41.28) a week which is less than my £67.90 a week rent for the exact same property and hes unemployed too.. the reason I havent taken 1 out is because im not staying here. he was loaned £22,000 on a income of unemployments benefits of £122 a week

I can get this vouched :p

Hello Clawjaw, anyone home?? The poster clearly states she does not have a job!!

How the hell, can she use the mortgage calculator to calculate what she can borrow if she doesn’t even have an income amount to enter into the box.

You will be pretty pressed to get another mortgage. Your equity alone isn’t much. Do you still have your house or a business? If so, maybe speak to a financial consultant and use the house as a collateral to offset what you want to borrow, there are risks involved though with this method.

Remember, if any financial institutes are willing to lend you a loan based on the amount of assets etc you have on hand, just be very weary as you will end up paying more on the interest of the loan then what you borrowed. Most banks will not lend you money if you are a high risk client to them.

Seriously mate, do you really think for a moment, a bank will be willing to loan a mortgage to a client who is unemployed and on unemployment benefits?

Are you aware how much one has to pay every week, or fortnight or monthly on their mortgage repayments? Come on, be reasonable, she isn’t asking about a little personal loan (car or a shopping loan to buy things) which her unemployment benefits may be able to cover but she is asking money for a mortgage dude.

Do your maths and continue resting your ‘face’ on your palm, as much as you hate being wrong, you aren’t always spot on with your advice.

you need to get it valued first then I think you go to a bank with the valuation and ask for the money..

a morgage in the UK is based on your wage.. so if your earn £100,000 a year you can get a morgage of around £250,000

there are morgage calculators online but if I post the link my answer will be deleted so best you just search for 1 ;)

unemployed, benefits are still classed as an income… bloody hell!

facepalm