current/future situation self-cert mortgages

betmunch

If you wish to borrow from a lender you have to play by their rules. Lenders will look at your gross income and your net income, if either is not high enough then you will not get the mortgage you request.

Getting someone to lie about your income to get what you want becuase you dont agree with the lenders criteria is fraud. You either earn enough or you dont.

Are you now going to run two sets of accounts? One for your tax return, and one to show a mortgage lender?

opinions4u

stingray wrote: »

you totally miss the point.

Rating someone's ability to pay solely on their income takes no account of their spending. Say I earn 20000 a year but I live frugally. My neighbour earns 40000 but has a coke habit, penchant for flashy cars and even flashier women and sends his kids to private school.

So the reality is I have more disposable income than he.

Anyway I have two suitable accountants who are prepared to [STRIKE]be flexible[/STRIKE] commit mortgage fraud alongside me

Thought I'd adjust it for you.

stingray

In the freelance media world, virtually everyone I knows has had to go down this route. None one I know has defaulted.

There will always be ways and means to calculate income, that's the way the world is. There can be no easy one-income-fits-all-mortgage - we all lead very different lives. Getting on your high (corporate?) horse and using inflammatory language ('liars') comes across as sanctimonious. Or just sad.

Right enough! Back to work.

opinions4u

stingray wrote: »

In the freelance media world, virtually everyone I knows has had to go down this route. None one I know has defaulted.

I could name some "names" who have had their properties repossessed over the years. It's not appropriate for me to do so here, but there are many writers, sportsmen and entertainers that I am aware of who have lost properties.

There will always be ways and means to calculate income, that's the way the world is. There can be no easy one-income-fits-all-mortgage - we all lead very different lives. Getting on your high (corporate?) horse and using inflammatory language ('liars') comes across as sanctimonious.

So did your suggestion that your lifestyle is more frugal than the rest, so you should get to borrow more.

Inflating income to obtain a loan is fraud. End of story.