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My newbie mortgage questions (post 38 onwards)

13

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    marking_bad wrote: »
    It means I have a nice income, but can't get credit.


    So what is this income?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    A minimum wage job is not going to get you a 50k mortgage.
  • marking_bad
    marking_bad Posts: 512 Forumite
    Even with a 70k deposit on a 120k house?

    What have they got to lose? I stop paying my mortgage and they take the house, sell it and make profit. Ok, a naive view probably, but what am I missing?

    All the risk is on me, surely, I have everything to lose, the lender has nothing?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    They have to lend responsibly.

    So simply put it has to be affordable to you.

    So if you do not want to disclose the amount or source of your income - they will not lend.

    Their money, their rules - not the other way around I'm afraid.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • marking_bad
    marking_bad Posts: 512 Forumite
    I don't think I could ever prove my income on what I do now, so I might as well forget about that.

    But going back to the min wage job, would a guarantor help?
  • ILW
    ILW Posts: 18,333 Forumite
    all seems very secretive, are you a rent boy or similar?
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Great troll thread.
  • Raggs_2
    Raggs_2 Posts: 760 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    ILW wrote: »
    all seems very secretive, are you a rent boy or similar?

    Seeing as prostitution is legal, I'd guess he should be paying taxes if so. So if so, should be able to get on the books with his current employment.

    Possibly another gambler? The fact he doesn't want to say just raises questions.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    edited 12 July 2010 at 10:20PM
    Just been on rentboyz-r-us and you do have to be HMRC registered.

    Also my girlfriend saw me looking so I am now single - thanks Marking Bad, if you just told us where you got your cash from then I wouldnt be in this predicament.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • datostar
    datostar Posts: 1,288 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    People of 'independent means' used to be also termed 'Gentlemen of Leisure'. They were often younger scions of the aristocracy who wouldn't inherit the title or the vast estates, but had to be maintained by way of a trust fund or suchlike to prevent them squandering too much of the cash on idle and dissolute pursuits, loose women, strong drink and so forth.
    Of course, the OP may be female. Has the Duchess of York joined us?
This discussion has been closed.
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