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Mortgage after pay rise
kevinhartshorn
Posts: 12 Forumite
Hi,
Me and my wife have sold our house and are looking for a new one. We will have a £36K deposit but can only lend enough to buy a house at £175k. I will get a 10k pay rise in Jan and am wondering how long will i have to wait after the pay rise before applying for a mortgage? The house we want is £200k so need a mortgage based on my new wage.
Thanks for any help.
Me and my wife have sold our house and are looking for a new one. We will have a £36K deposit but can only lend enough to buy a house at £175k. I will get a 10k pay rise in Jan and am wondering how long will i have to wait after the pay rise before applying for a mortgage? The house we want is £200k so need a mortgage based on my new wage.
Thanks for any help.
0
Comments
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It depends entirely on the Lender Kevin.
A good broker will point you in the right direction.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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