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Complicated mortgage

Options
rach83
rach83 Posts: 300 Forumite
edited 31 August 2012 at 10:52AM in Mortgages & endowments
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Comments

  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    Previously:
    https://forums.moneysavingexpert.com/discussion/3967315
    https://forums.moneysavingexpert.com/discussion/3986061
    https://forums.moneysavingexpert.com/discussion/3989747
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • handytips
    handytips Posts: 372 Forumite
    Looks like you want the penny and the bun. I wouldnt touch this piece of business with a bargepole. Its a complaint just waiting to happen.
    I am a Mortgage Advisor. You should note that this site does not 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 shouldnt be seen as financial advice.

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Never mind that, how the hell would you pay the mortgage if the commission suddenly dropped?
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    I only read the first link above and from what I can see (having had a quick skim), I feel there could be options for you.
  • Simon_gloster
    Simon_gloster Posts: 948 Forumite
    _Andy_ wrote: »
    Never mind that, how the hell would you pay the mortgage if the commission suddenly dropped?

    Nice to see you again.

    My huch is he is a car salesman or sofa flogger.

    OP, lenders 'generally' in the loosest sense will use 100% of basic salary and 2/3rds ish of on target commission.

    I think conrad said, this looks do-able somewhere in the uk. Please pay a fee and get someone to do it for to you otherwise you get disheartened at the rejections.
  • rach83
    rach83 Posts: 300 Forumite
    Oh your local Simon.

    Incorrect on both counts on the employment front I'm afraid.

    All I will say is that in his line of work his commission is consistent he doesn't have to go looking for sales they are handed to him on a plate. His payslips for the last x number of years would show this. It's not a lot different to being self employed really.
    Simon_gloster wrote: »
    Nice to see you again.

    My huch is he is a car salesman or sofa flogger.

    OP, lenders 'generally' in the loosest sense will use 100% of basic salary and 2/3rds ish of on target commission.

    I think conrad said, this looks do-able somewhere in the uk. Please pay a fee and get someone to do it for to you otherwise you get disheartened at the rejections.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    rach83 wrote: »
    Oh your local Simon.

    Incorrect on both counts on the employment front I'm afraid.

    All I will say is that in his line of work his commission is consistent he doesn't have to go looking for sales they are handed to him on a plate. His payslips for the last x number of years would show this. It's not a lot different to being self employed really.
    sounds like a financial adviser in a bank.
  • rach83
    rach83 Posts: 300 Forumite
    Nope. It's not a particularly common job. You would never guess it :D
  • handytips
    handytips Posts: 372 Forumite
    Icecream man ! Not after the summer we have just endured surely !
    I am a Mortgage Advisor. You should note that this site does not 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 shouldnt be seen as financial advice.

  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Undertaker?
    I 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.
This discussion has been closed.
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