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Full time surgeon working in NHS struggling to remortgage
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sandeepp99
Posts: 1 Newbie
I'm wondering if anyone could help.
I currently am at the end of my fixed rate mortgaage and am looking to fix again.
I've been to London and County who have tried to get me through 2 applications but i've been turned down for both claiming 'lack of affordability'.
I'm a little surprised that as a surgeon in the NHS i'm struggling so badly to find anything.... Any ideas??
I currently am at the end of my fixed rate mortgaage and am looking to fix again.
I've been to London and County who have tried to get me through 2 applications but i've been turned down for both claiming 'lack of affordability'.
I'm a little surprised that as a surgeon in the NHS i'm struggling so badly to find anything.... Any ideas??
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Comments
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to answer that would need to know
salary
house value
mortgage amount
other debt monthly payment
how many dependents
age
a surgeon on 80k with a 180k mortgage over 20 years at 60% ltv would fit affordability
a surgeon on 80k with a wife not working, 5 kids, 800 a month debt repayments and a 280k mortgage at 95% loan to value wouldn't fit affordabilityI 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.0 -
Being a surgeon whilst a superb job for which you deserve all the credit in the world does not entitle you to be treated any better by a lender when assessing affordability.
What is the resoning behind the declines? Income short? Credit commitments too high?I am a Mortgage AdviserYou 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.0 -
I tend to find Scottish Widows useful with professional applications, have you tried them at all?0
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It is also useful to understand employment status - permanent or fixed termSo many glitches, so little time...0
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You may be a surgeon but not mentioned grade. If you're in a training post then not all lenders understand that banding is part of regular income plus you'll prob be on fixed term contract and may have student loans etc etc0
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