We have Rats - How soon can we get a mortgage?

Sagar_Fuzz

Yuk, I know. There is also damp coming through the walls, and the lads upstairs have LOUD parties. My partner started a new job on Monday (yesterday) and we want to get out, QUICK. Only thing is, we don't want to move into another rented house, as we want to buy soon and moving costs a lot of money. The Rat Problem has intensified this urge to buy, but has my partner been in his job long enough to get a mortgage (He was freelance before) based on his new salary?

I don't want to make a hasty, life-long mortage decision based on a rodent, but I do want to get out quick, what do you moneysavers advise?

thesaint

Sagar_Fuzz wrote: »

Yuk, I know. There is also damp coming through the walls, and the lads upstairs have LOUD parties. My partner started a new job on Monday (yesterday) and we want to get out, QUICK. Only thing is, we don't want to move into another rented house, as we want to buy soon and moving costs a lot of money. The Rat Problem has intensified this urge to buy, but has my partner been in his job long enough to get a mortgage (He was freelance before) based on his new salary?

I don't want to make a hasty, life-long mortage decision based on a rodent, but I do want to get out quick, what do you moneysavers advise?

My advice... Clean your house you mucky pup.

scrummy_mummy_2

So, am I to assume that owner occupier properties don't have rats?.......I was sold a kipper when I bought my house then!...still, gives the dog something else to obsess over other than the postman! The more I recycle, the more the rats seem to love me!
Suggested course of action:
1. Kill rats using blue rat bait (Rodenticide from Rentokil)..DO NOT USE IT ALL AT ONCE!!!
2. Collect up dead rats and stick to wall to form damp proof course.
3. Use remaining rat bait to incorporate into muffins for boys upstairs
3 to 4 days later...problems solved!:rotfl:
Seriously.....
You'll probably need at least 3 payslips (3 months) from a permanent job to apply for a mortgage. You might also need 2 years published accounts certified by your accountant to cover the period he was freelance.
To be sure, nip into an estate agents with a financial advisor and make some preliminary enquiries...alternatively try this link
http://www.fool.co.uk/

Voyager2002

Just to reassure you: you rmortage deal is unlikely to be anything like a life-long commitment, since you can generally re-mortgage (there may be a penalty charge if you do so too early). And having to pay an above-market interest rate for the first year or so might be well worth it if it means you can snap up your dream home if it comes on to the market tomorrow.

However, choosing a property to buy really is a critical decision, so don't allow yourself to be rushed into buying somewhere that is unsuitable and/or overvalued.

Sagar_Fuzz

Thanks everyone, except 'thesaint' For your information, the pest controller told us 90% of the time people have rats it's not their fault, they are everywhere just waiting for a chance to get in. In our case, the landlord fitted plastic grills for ventillation which they just chewed right through. Whata nice sympathetic response to our rather traumatic few days, though, thanks.

If he is a permanent job now, do we have to have any info on his freelance period? I did his accounts for him, to save money, and would be loathe to pay now to get them certified, plus he didn't earn much then compared to his new job.

pollyanna24

All I know is that when I went to get a mortgage, I need three payslips for each of us. I told the lady that my bf was getting a payrise and wanted his new wages to be the one that she took. She said that was fine, took me on my word (probably shouldn't have done, I don't know), and asked me to fax over a copy of his new wage slip the following month with the increased amount.

Eyesparky

It seems 2 or 3 payslips are normal. There is some good advice on http://www.contractoruk.com/money/index.html concerning getting a mortgage whilst contracting / freelancing also. May well be worth seeing an independent, whole of market advisor as they may have access to some deals that may suit you. The attitude in the financial service sector to freelancers is becoming more reasonable so there are products around without interest penalty for people with flexible working patterns.

Good luck and hope it all goes well.