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Gutted - any ideas?
newbster
Posts: 3 Newbie
so as a FTB with 15% deposit you find a house, get a mortgage in principle, disclose every bit of information to the mortgage company, do everything 'right'.
Then they reject your mortgage application due to information that they already were aware of! frustrating!
reason for rejection. fixed term employment contract with 4 months remaining. They were well aware of the nature of the contract from the first dealings.
Natwest now require you to have at least 6 months remaining. with the current state of the jobs market, there will be more fixed terms and contracts around, this could be a real problem for lots of people.
Rant over - does anyone know of a lender that will accept someone with a fixed term contract with less than 6 months less to run? seems the only option unless my employer extend contract or make permanent - I was cheeky and asked today
any advice appreciated
glad I got that off my chest
Then they reject your mortgage application due to information that they already were aware of! frustrating!
reason for rejection. fixed term employment contract with 4 months remaining. They were well aware of the nature of the contract from the first dealings.
Natwest now require you to have at least 6 months remaining. with the current state of the jobs market, there will be more fixed terms and contracts around, this could be a real problem for lots of people.
Rant over - does anyone know of a lender that will accept someone with a fixed term contract with less than 6 months less to run? seems the only option unless my employer extend contract or make permanent - I was cheeky and asked today
any advice appreciated
glad I got that off my chest
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