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Supply teacher mortgage
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Bellachica21
Posts: 3 Newbie
Anyone know the best lender to approach regarding a mortgage for a supply teacher of 5 years and a full time permanent teacher?
We have a 41000 deposit and our combined gross income is 65,000.
We are looking at 85% LTV. We have a DIP in place which says we can borrow up to 310000 but we want to borrow 229500. No credit problems and low outgoings. Are we in a good position? DIP lenders are asking for supply contract and P60. Is this normal and what is it used for? Waiting to hear back.
We have a 41000 deposit and our combined gross income is 65,000.
We are looking at 85% LTV. We have a DIP in place which says we can borrow up to 310000 but we want to borrow 229500. No credit problems and low outgoings. Are we in a good position? DIP lenders are asking for supply contract and P60. Is this normal and what is it used for? Waiting to hear back.
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Comments
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You are asking for guidance as to suitable lender yet have already approached one?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 -
Just checking our decision is justified. Also if we experience problems will be looking elsewhere. Looking for a bit of a heads up really.0
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looking back should have just posted second paragraph perhaps.0
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If you are a teacher, I assume you are member of some unions too. Usually unions have relationships with mortgage brokers who are specialized in providing mortgages to teachers. It is worth venturing that route.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0
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