Who accepts multiple sources of income?

Dinah93

We went to an IFA and he told us only Natwest would take us due to hubby working 2 jobs we need considering, but a very quick google has come up with a couple more who say they will. To be honest we didn't overly trust the IFA as in the first meeting he said it was no fee as he'd get commission from the mortgage provider and in the second meeting as he was running through the ts and cs he said there was a £500 completion fee for when his company closed the mortgage - if he'd told us this in the first meeting when we specifically asked about fees he'd still have our custom. We're looking to remortgage, need to borrow £121,000 on a house worth £190.000, hubby earns £24,000 at job 1 and £6500 at job 2 (guaranteed) - he does get around an extra £3000 from his overtime (contracted 13 hours but always works extra, has done every week in the last year) as well plus around £3500-£10,500 in consultancy work but as he's only been going a year we didn't even mention this to the IFA. We have debts of £7300. We spoke to First Direct who we bank with and they could only offer £48,000. Does anyone know of any providers other than Natwest who we might approach?

ACG

I cant advise of lenders - brokers on here can only really give generic advice.

There will be other lenders who will do this. To be honest, if your broker cant tell the truth about a £500 fee at the outset then I dont blame you for ditching him.

I would find a new broker though, were not all liars.

Let_Us_See

Dinah93 wrote: »

in the first meeting he said it was no fee as he'd get commission from the mortgage provider and in the second meeting as he was running through the ts and cs he said there was a £500 completion fee for when his company closed the mortgage

Why not simply remind him you were offered a fee free service?

Wh05apk

One of the things lenders will look at is whether the income is likely to be consistent, if I read your post right, your Hubby work a full time job + a minimum of 13 hours, + a second job, + also consultancy work? will he want to or be able to keep that up long term?


There are other lenders who would likely accept this, so you need to find a good broker.