23 yrs old, with partner, trying to get a home

g_attrill

Alexh wrote: »

I live in West Berkshire the house prices we were looking at were 175,000.on a 3 bed. Nationwide rejected outright and HSBC said they would only lend 125,000.
Fortunately we got a deal with the Halifax who said that we were A* and didn't need to check bank statements and payslips, so they're all over the place.

Crazy, I'm on single income of just over £32k and HSBC offered £145k straight out, and it took about a week to get just over over £100k (60% LTV) after submitting the final paperwork.

I have heard of double-income borrowers having trouble, perhaps historically they are actually riskier than single-income borrowers?

redandwhiteal

eco21 wrote: »

^ yes but a £24-25K job means just that a job which you get paid every year £24-25K

not...

a gamble which means you could lose money every week and eat into his partners £14k job

Ok fair play ,lol.Maybe the OP could look at offsetting some of this more risky gambling with far lower risk betting strategies such as matched betting and arbing.;)

[Deleted User]

Why not investigate which local housing trusts/associations will rent to people with local connections - worth a try. Some towns/villages will rent to a couple without children if they qualify on connection criteria (relatives, previousl residence, work nearby etc etc)

omen666

Nosht wrote: »

Give up the expensive hobby, if you were any good at it you would not be in this state after 3 years.
I have known many gamblers & the only person that consistently wins is the bookie.

Regards,

N.

PasturesNew wrote: »

Get better at the gambling/bet more. A friend of mine has a nephew who accumulated £100k from gambling alone and bought a house for cash.

It is not gambling for a start

And to the OP 350 notes a week does not make you a pro poker player.

jonboy31

Back in 2002 myself and my partner got a mortgage for 88k.
She was on about 11k a year. I declared 25k a year (self certified) as I was playing fruit machines for a living at the time.
I think we had about 20 percent deposit and there were no problems at all with akward questions etc.

I can understand things have changed now due to the economic downturn, but just thought I would mention that mortgage lenders used to lend in these circumstances.

John

BritRael

jonboy31 wrote: »

...as I was playing fruit machines for a living at the time....

Thats the funniest thing I've ever read on here! :rotfl::rotfl:

Fruit machines pay out a set rate (say 40%). Irrespective of how you play them. So if you and me played on the same type of machine with a million quids worth of coins, we'd both end up with around 400,000 even though I don't know how to play them. If we continued to play, we'd both end up with nothing....

I hope you've given them up now

Alexh_3

ILW wrote: »

I think even that would be doubtful when they ask for P60s as proof of earnings.

I think you've confused me with the original poster. Reread the posts I was replying to a question.

debrag

Rising_Son wrote: »

I thought it was still 35% after 5 years, 50% after 10...
Im sorry if I have come across the wrong way, going through a very stressful time at the moment.

I've seen most properties on the housing list in SE London anyways that don't have right-to-buy

pingu2209

Alexh wrote: »

Well its not bad as its about 12k tax free.

12k plus tax is still less than 20k. That is not a lot of money to buy a house with.

RabbitMad

Alexh wrote: »

Well its not bad as its about 12k tax free.

Look up Victoria Coren on Wikipedia. Now that is an income from Poker - yet she still has several proper jobs on top