Affordability problem

VIGILANT22

Dom3663 wrote: »

My wage is 5% commission; Nationwide took that into account as my regular earnings; although it is that small amount it doesn't really affect much

Nationwide : Basic pay, plus 50% of bonus, overtime and commission

Dom3663

Thats cool information VIGILANT, didn't notice that on the website

VIGILANT22

Dom3663 wrote: »

Thats cool information VIGILANT, didn't notice that on the website

http://www.nationwide.co.uk/mortgages/calculators/howmuchborrowafford.htm

VIGILANT22

MigsyBigsy wrote: »

cheers for that

I guess I need to look for a better paid job...and at the best time...

Buy a cheaper property

MigsyBigsy

VIGILANT22 wrote: »

Buy a cheaper property

forgot about that. Going to be tough in London though

VIGILANT22

MigsyBigsy wrote: »

forgot about that. Going to be tough in London though

seek and ye shall find!.....:)

dannyb123_2

So maybe nationwide is a good bet then at least 50% com is better than none, cheers for advice.

Only other thing i can think is father is on 100k own business for 20 yrs, maybe get him to guaranter it ??

looking for 90% deal

VIGILANT22

do you have 3 years continous employment history

dannyb123_2

No I was self employed for 4 years

VIGILANT22

You will be required to provide accounts for that period and your net profit will be considered towards the overall affordability..