Mortgage rate 4.3 percent and Halifax mortgage

kinh

28k is my real income the tax has been sorted I say I'm 2o because I'm 20 in one months time.

The house I want cost 150k

ado

kinh wrote: »

28k is my real income the tax has been sorted I say I'm 2o because I'm 20 in one months time.

The house I want cost 150k

Are you still self employed doing the Adsense work?

kinh

ado wrote: »

Are you still self employed doing the Adsense work?

Nope I have put account into brothers name I am now full time working in Human resources/IT earning 28k. So will it be enough to get approved?

kingstreet

74hotspur wrote: »

Woolwich are defenately signed up, they're rates are on website under help to buy/first buy

Would you be kind enough to find this and post a link to it, because my searches on newbuild, help to buy and firstbuy are coming up with nothing on the Woolwich Intermediary and Consumer sites.

74hotspur

Kingstreet it's on the intermediary website, current rates as of 18th April. Help to buy/first buy. First buy is no longer available and is being phased out 4.39 3 yr fixed 4.99 5 yr fixed

ado

kinh wrote: »

Nope I have put account into brothers name I am now full time working in Human resources/IT earning 28k. So will it be enough to get approved?

Wow you are really lucky being able to change jobs at the drop of a hat, especially to something so well paid for your age. I don't know about Woolwich as I can't find it on their website, but most banks need 3 - 6 month employment history before approving a mortgage.

Would you be kind enough to find this and post a link to it, because my searches on newbuild, help to buy and firstbuy are coming up with nothing on the Woolwich Intermediary and Consumer sites.

http://www.woolwich.co.uk/mortgages/first-time-buyer-mortgages.html

kingstreet

kinh wrote: »

28k is my real income the tax has been sorted

What do you mean by this?

Again, you need to be talking to your mortgage broker, not pixels on a screen.

Lender treatment of income is dependent on its source.

Are you;-

- employed
- self-employed
- a contractor
- a director?

Is your employment permanent, temporary, casual, fixed contract?

Is this gross basic salary, net profit? Are there variable earnings such as overtime or bonus included? Are they irregular, regular or guaranteed?

If you are looking for an answer "yes" to your question;-

So will it be enough to get approved?

You are going to need to provide so much more information. If only you'd tell a mortgage broker all this, you'd have all the answers you need...!

You're in Solihull. The HCA HomeBuy Agent is Orbit, based in Coventry. We're on the Orbit panel. Please get some help from one of the approved advisers, even if it isn't us;-

hba@orbit.org.uk

kingstreet

ado wrote: »

Wow you are really lucky being able to change jobs at the drop of a hat, especially to something so well paid for your age. I don't know about Woolwich as I can't find it on their website, but most banks need 3 - 6 month employment history before approving a mortgage.



http://www.woolwich.co.uk/mortgages/first-time-buyer-mortgages.html

Can you find a specific link to "Help To Buy?"

Woolwich was a FirstBuy lender, but this scheme was replaced by Help To Buy on 1 April.

74hotspur

Kingstreet I couldn't find anything on the consumer website, only on the broker one. I found out due to googling the subject of lenders and there was an article on it. Natwest are also on board according to it.
My broker rang woolwich and confirmed that they are taking applications. I am very close to making one for a new build, I was hoping for more involvement from lenders and a better rate.

kingstreet

My colleague has been on a newbuild symposium at L&G in London today. The best he came way with was Nationwide would sign-up in the next four weeks.

As we understand it, the old FirstBuy lenders, such as NatWest, Barclays/Woolwich, Leeds and Nationwide, are not yet "aligned" with HTB, the only exception being Halifax.