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Achieving the Impossible (FTB)
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Yup - I know my personal facts, but mortgage companies do not look at a lot of them. All it takes is a couple of credit searches and your credit report is essentially paused for new credit for a month. Always bloody happens.
Hmm, Yorkshire bank have booked me in for next wednesday - why do I have to wait so long!Date: [STRIKE]April[/STRIKE], May
Barclay CC:[STRIKE]£1,200[/STRIKE], £950 :cool:
Overdraft: [STRIKE]£1500[/STRIKE], £1050
Zopa Loan: [STRIKE]£11,900[/STRIKE], £11,550
House Deposit: £0 (+£6,000 from Car sale)0 -
I wouldn't be telling the mortgage lenders about your penchant for expensive furniture and fast cars, those are probably the sorts of personal facts that won't reflect well on you!0
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Not exactly what I meant.
I meant:
- I have a lot of shares
- I get dividends
- I have a final salary pension
- I get bonuses (but not guaranteed)
- I have NO defaults (although they know that)
- I get 3.75% pay rise a year if I am a good boy
- I get 5% pay rise a year for cost of living
- I get promotions every 1.5 years roughly
- I don't sign up for credit I cannot afford
- I will have someone else living with me giving me £400pm for rent but I am not allowed to contract this as that would make it commercial and as it is not current income I cannot prove or guarantee it.
Having a mortgage for maybe £600 or £1000pm is not an issue for me, financially. It's the recession! Also, I made the stupid decision to apply for a loan just before I started looking at mortgages, so now they think I am taking out loans but I don't want any more loans (unless for the deposit - which I am steering away from). :-)Date: [STRIKE]April[/STRIKE], May
Barclay CC:[STRIKE]£1,200[/STRIKE], £950 :cool:
Overdraft: [STRIKE]£1500[/STRIKE], £1050
Zopa Loan: [STRIKE]£11,900[/STRIKE], £11,550
House Deposit: £0 (+£6,000 from Car sale)0 -
Not exactly what I meant.
I meant:
- I have a lot of shares. Sell them to clear debt or fund deposit
- I get dividends
- I have a final salary pensionThat will be closed before you're 30
- I get bonuses (but not guaranteed)
- I have NO defaults (although they know that)
- I get 3.75% pay rise a year if I am a good boy But this isn't guaranteed
- I get 5% pay rise a year for cost of living And neither is this
- I get promotions every 1.5 years roughly But you will find your ceiling one day
- I don't sign up for credit I cannot afford
- I will have someone else living with me giving me £400pm for rent but I am not allowed to contract this as that would make it commercial and as it is not current income I cannot prove or guarantee it.
Having a mortgage for maybe £600 or £1000pm is not an issue for me, financially. It's the recession! Also, I made the stupid decision to apply for a loan just before I started looking at mortgages, so now they think I am taking out loans but I don't want any more loans (unless for the deposit - which I am steering away from). :-)
I'm not sure whether it's over confidence or arrogance. Whatever it is won't make getting a mortgage easier.0 -
Shares are locked for 3 years, I dont think I can sell them just yet.
Our final salary scheme is locked, the only way they can convert it is if 100% of employees within it vote to do so. We are not public. The union has locked it well.
The pay rises are not guaranteed but they could have stopped them during the recession, but they did not. They made 200 people redundant for some reason before stopping any pay rises. We have a very strong union. We've just won over £500m of contracts around the world so I am very confident I will get my rises. But like we agree, its not guaranteed.
Anyway...Date: [STRIKE]April[/STRIKE], May
Barclay CC:[STRIKE]£1,200[/STRIKE], £950 :cool:
Overdraft: [STRIKE]£1500[/STRIKE], £1050
Zopa Loan: [STRIKE]£11,900[/STRIKE], £11,550
House Deposit: £0 (+£6,000 from Car sale)0 -
I'm not going to get this flat am I? LOL
I don't like waiting, I just want it done and move on to other challenges.Date: [STRIKE]April[/STRIKE], May
Barclay CC:[STRIKE]£1,200[/STRIKE], £950 :cool:
Overdraft: [STRIKE]£1500[/STRIKE], £1050
Zopa Loan: [STRIKE]£11,900[/STRIKE], £11,550
House Deposit: £0 (+£6,000 from Car sale)0 -
Our final salary scheme is locked, the only way they can convert it is if 100% of employees within it vote to do so. We are not public. The union has locked it well.
...
1) the costs of maintaining it could push the host company into bankruptcy.
2) the trustees could cap future returns at a level lower than pay rises, significantly reducing the value of the benefits.
As a long time trade unionist myself, I appreciate the value they bring. But there is no point negotiating a great package for members if the cost of it eventually undermines the security of employment.
Enjoy the good times. It's unlikely they will last forever.0 -
He who dares wins
This time next year, we'll be millionaires
Rodney you plonker!0 -
1) the costs of maintaining it could push the host company into bankruptcy.
2) the trustees could cap future returns at a level lower than pay rises, significantly reducing the value of the benefits.
This is going deep into non-mortgage stuff, but, we are a PPP - we make profit from our monopoly at 8%, we over-earn and usually have to give money back. On the side of that regulated business we have another business that is international and it is now as big as our main business. Also, for 2 years now the scheme has been closed to new people. If they touch it, the Union will be on the case. People will take it very seriously.Date: [STRIKE]April[/STRIKE], May
Barclay CC:[STRIKE]£1,200[/STRIKE], £950 :cool:
Overdraft: [STRIKE]£1500[/STRIKE], £1050
Zopa Loan: [STRIKE]£11,900[/STRIKE], £11,550
House Deposit: £0 (+£6,000 from Car sale)0 -
Firstly, The J's definition was brilliant, although not sure about the Fiat Panda as mine works fine!
Flash Jon - you heard it here first, you will absolutely not get a 95% LTV product from Yorkshire on Wednesday...I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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