Anyone got mortgages approved lately?

Yes, but not from one of the dirt bags that posts around here. Avoid them, they are all scum.

Wells is giving out loans.

I always pay 30% down, I only buy investments. I would hate to sell the house I live in, so I obviously can't buy a residence.

Alex must have assume credit, mine is shakey around 800. I buy in the 100-150k range. Nothing is 20k within a thousand miles.

yes. Me and my bf have just purchased a house. We had a 25% deposit. We could have got a mortgage having less of a deposit but with the higher deposit we got better mortgage rates with the higher deposit, also we felt happier with more equity in the property. Our house needs a lot of work to it, its almost a development property. We made sure we have the money to do all the work and a little extra just incase anything extra crops up that we did not plan for. Obviously the fact that the house needs a lot of work was reflected in the price.I think getting a mortgage is fine, as long as you know you can meet the payments and not overstreatch yourself. Its just all about being sensible and not doing something you relaly cant afford.

A lot of the problems with the economy now are due to people borrowing more money than they can afford and not being able to pay it back. People did not put enough equity into the property, therefore causing problems. Sorry this answer has been a long one!!

Yes, we got a £165k mortgage from Nationwide. We put down a 25 per cent deposit and got a tracker on a 30 year basis.

I think in the current climate, the larger the deposit you can put down, the better. And it will reduce your repayments.

We actually went through a mortgage advisor who did all the hard work. They advised us on what kind of deposit to put down and found suitable deals.

Yes I was approved. Really good credit rating though. I offered $2,000 on a $20,000 and ended up with $350 month six years at 6 percent fixed. They paid everything but my insurance. I already had a policy in effect on existing rentals and just added recent purchase to policy. It is a fixer upper I intend on renting out. The really good credit was the positive for me.

Who needs a mortgage? In this day and economic climate it's easy to buy up some repossessed properties for a cash bargain.