Mortgage - How subprime should I expect?

ACG

glee76 wrote: »

I do find it interesting how diverse replies can be on this website and I appreciate the advice offered so far.
I think the one true answer will come from an actual application. Delaying my decision to buy may help in acceptance but I am fed up with seeing money disappearing on rent.
One option could be to lower my expectations in the housing market thus decreasing the LTV in order to start increasing the equity. But I suppose in the long run, patience will probably lead to greater contentment.

Im still quite a new mortgage advisor (less than 12 months experience). So i reply on here to the best of my knwledge but im not the most experienced. Dave probably does as many mortgage in a month as ive done since starting out.
Ive even referred a couple of my own clients on to Dave when i know i cant help, so if your listening to anyone i would listen to him.

glee76

maninthestreet wrote: »

How have you managed to save almosr £50,000 in just two years if your gross income is only £40,000 p.a ?

I'm not sure whether this question is founded through suspicion, cynicism or is just a general query, but if it is important, I took a very generous offer of voluntary redundancy from my previous employer.


And to Dave Ham, please excuse my comment if it sounded as if I was going to be reckless and just walk into a bank or building society and say 'show me the money'. I just meant I would only find out the real answer for my situation by starting the ball rolling. And yes, I would certainly consult a broker first.

maninthestreet

glee76 wrote: »

I'm not sure whether this question is founded through suspicion, cynicism or is just a general query, but if it is important, I took a very generous offer of voluntary redundancy from my previous employer.
.

It's something a potential lender may query.