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Nationwide Mortgage Advice
willLeeds
Posts: 126 Forumite
Hi Guys,
I have had a mortgage for 4 years with Nationwide, its in joint name with a close friend. I have now bought his share of the house from him, paid him directly for the equity in the property.
I myself have had defaults in the past, but never missed a payment on the mortgage. Also all my defaults have now been satisfied.
When I went to speak to Nationwide they said I would need 6 to 12 months proof I could afford the mortgage on my own, I earn over £30,000 per year and (Touch wood) can afford things.
How ever my girl friend does in fact live with me now, she pays a minimal amount (£60 a week) in cash, it doesn’t go into a bank and if we for any reason broke up, I could afford the mortgage and my living costs on my own.
The question I have is when I go to see Nationwide in the few months, do I tell the truth that my girl friend does in fact live with me, or hide it from them? She is on the electoral role at my house.
Also if they say I can’t take the mortgage on my own what other options do I have?
I have had a mortgage for 4 years with Nationwide, its in joint name with a close friend. I have now bought his share of the house from him, paid him directly for the equity in the property.
I myself have had defaults in the past, but never missed a payment on the mortgage. Also all my defaults have now been satisfied.
When I went to speak to Nationwide they said I would need 6 to 12 months proof I could afford the mortgage on my own, I earn over £30,000 per year and (Touch wood) can afford things.
How ever my girl friend does in fact live with me now, she pays a minimal amount (£60 a week) in cash, it doesn’t go into a bank and if we for any reason broke up, I could afford the mortgage and my living costs on my own.
The question I have is when I go to see Nationwide in the few months, do I tell the truth that my girl friend does in fact live with me, or hide it from them? She is on the electoral role at my house.
Also if they say I can’t take the mortgage on my own what other options do I have?
0
Comments
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They won't be interested in your girlfriend living with you.
Your other option is a remortgage to repay the Nationwide.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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