I got an AIP but didnt declare my 2nd job - will my mortgage application fail?

experience

I put an offer in on a repossessed house last month and the estate agent insisted that my mortgage agreement in principle was credit checked - they wouldnt accept a standard AIP from the bank which doesnt credit score you.

To do this i used their in house mortgage advisor, but i was cautious they didnt know my full financial details so they wouldnt play me into a bidding war so i only declared my basic salary from my main job which was enough to get a mortgage for that house.

In the end i never got that house but i've since seen a house which is an additional £50k, and my offer has been accepted. My basic salary wont be enough to get the additional mortgage needed for this house but i have a 2nd job which will give me enough income to get a mortgage.

Now i only read today about National Hunters http://forums.moneysavingexpert.com/showthread.html?t=2267873 which checks for fraud and records what financial information you submit on applications and if it doesnt match previous entries it gets flagged for possible fraud. This is really worrying me now because if i put in that i'm earning £10k more than what i did last month its gonna get flagged and i could possibly be blacklisted for 6 years

Will the agreement in principle which was credit scored affect me now i'm declaring i earn more ?

wodgerdodger

Noone can give you a difinitive answer on your dilemna but in my honest opinion I dont think it would lead to this even if it were picked up as you have a legitimate response to any query.
The principal problem you may have though is that not all Lenders will accept a second income and certainly wont unless it can be verified by way of payslips/bank credits.
I know there have been several threads from one individual on this subject but I do think they have been alarmist. The company is there to protect Lenders against real fraudsters deliberatly overstating income, falsifying historical data etc. imo genuine applicants have nothing to fear.

herbiesjp

Your best bet is to avoid estate agent advisers - as they have a pretty poor reputation (apologies to the good ones out there). They may also work from a limited panel or providers.

Some lenders will accept the second income, and others will not, others will accept a percentage of that income.

You have not committed fraud so do not worry - as long as you can verify your income then you should be ok - assuming you fit all criteria.

Get a good whole of market adviser on the case for you.

experience

Thanks for the advice guys - i'm booked in to see an independant whole market broker this week