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High multiple of wages mortgages
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friedegg03
Posts: 4 Newbie
My (ex) girlfriend and I have (6 months ago) recently broken up shortly (3 months) after purchasing a house together. (As you can see I'm a fan of parentheses).
since then I have been paying all bills and the mortgage alone and can afford to keep it going. I spoke to my mrotgage lender in order to remove my ex who checked me out and I believe based on 3.5 or 4 times income said I would not be eligible to take the mortgage on in my sole name.
I earn £17500 plus regular income of around £100-£180 every 3 weeks which is approximately £2000 but isn't guaranteed (which I believe means that they only take half that amount into account). I require a mortgage to the value of around £85k. so i require something like a 5x mortgage.
Does anyone know of a lender that can accomodate me without charging me extortionate interest rates?
Thanks in advance.
since then I have been paying all bills and the mortgage alone and can afford to keep it going. I spoke to my mrotgage lender in order to remove my ex who checked me out and I believe based on 3.5 or 4 times income said I would not be eligible to take the mortgage on in my sole name.
I earn £17500 plus regular income of around £100-£180 every 3 weeks which is approximately £2000 but isn't guaranteed (which I believe means that they only take half that amount into account). I require a mortgage to the value of around £85k. so i require something like a 5x mortgage.
Does anyone know of a lender that can accomodate me without charging me extortionate interest rates?
Thanks in advance.
0
Comments
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There are lenders who may be prepared to do this. I think you need to see a mortgage adviser, they'll be able to recommend if there is anyone suitable for you!0
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What is the property value?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
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the property value is only 86500, well, that's what we paid but I presume it has gone up in value. Especially since we got it cheap for what it is as it is in an up and coming area.0
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