We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Trouble getting mortgage

2»

Comments

  • king100
    king100 Posts: 1,565 Forumite
    laserboy31 wrote: »
    I own two houses outright, no mortgage. I earn £14,000 a year and £6,000 from property rental. I have had an offer for £137,000 accepted on another property. I have a £70,000 deposit and need a £67,000 mortgage. The bank are saying they need to see my tax returns for the past 2 years. Can I get a mortgage based on my ownership of 2 properties, I can afford the payments on the £67,000 mortgage with my wages. I get the impression I am being badly advised by the bank.

    None of my business but, if you own 2 house outright, your income is 20k how can you have got 70k deposit plus already own 2 houses - no mortgage on that wage? Unless you inheritated them.

    Any suggestions?
    I all have learnt is from others on many sites.
    Seek legal help if unsure.
    Dont pay Private Parking tickets - they are mere invoices.

    PRESS THANKS
    }
  • JQ.
    JQ. Posts: 1,919 Forumite
    Well done. Hope all goes well.
  • giddypenguin
    giddypenguin Posts: 808 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    king100 wrote: »
    None of my business but, if you own 2 house outright, your income is 20k how can you have got 70k deposit plus already own 2 houses - no mortgage on that wage? Unless you inheritated them.
    You're right... it's none of your business. How rude.
  • king100
    king100 Posts: 1,565 Forumite
    giddypenguin wrote: »
    You're right... it's none of your business. How rude.

    Sorry but the figures dont add up.

    Joined in 2006 and 13 posts!!!!!
    I all have learnt is from others on many sites.
    Seek legal help if unsure.
    Dont pay Private Parking tickets - they are mere invoices.

    PRESS THANKS
    }
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    laserboy31 wrote: »
    I don't have them.


    Well get that sorted.

    You might have tax to pay too.
  • puddleduck
    puddleduck Posts: 86 Forumite
    laserboy31 wrote: »
    Yes, everything is above board. Had falling out with accountant who has tax return forms.

    If you do need them at any time, the HMRC can provide you with copies - you don't have to go via your ex-accountant.
  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    king100 wrote: »
    Sorry, but the figures don't add up.



    Joined in 2006 and 13 posts!!!!!

    They don't have to, at least to me. Why are you so keen on establishing someone else's "credentials"? On this site people come, ask a question and maybe take part in a discussion and then they go. Some are never seen again and some return another time.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture