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Getting a mortgage to Buy in a different part of the country
wench90
Posts: 104 Forumite
Just looking for some advice/opinions
My husband and I want to move to Wales (we currently live in London) in the summer and would like to buy a property there. We would like to start looking now and have a house in place before we go. Our combined income at moment is £90,000.
However, neither of us has a job in Wales yet although we are sure we will do by the summer.
My question is if we apply for a mortgage in the next few months without securing jobs yet will the mortgage company ask questions about our plans when we get to Wales...or will the simply give us a mortgage based on our incomes at the moment and not ask questions about future. I fear that if they do then we will not be a able to move into our own property and will have to rent initially.
Hope this makes sense.
My husband and I want to move to Wales (we currently live in London) in the summer and would like to buy a property there. We would like to start looking now and have a house in place before we go. Our combined income at moment is £90,000.
However, neither of us has a job in Wales yet although we are sure we will do by the summer.
My question is if we apply for a mortgage in the next few months without securing jobs yet will the mortgage company ask questions about our plans when we get to Wales...or will the simply give us a mortgage based on our incomes at the moment and not ask questions about future. I fear that if they do then we will not be a able to move into our own property and will have to rent initially.
Hope this makes sense.
0
Comments
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Your fears are justifiedHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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I am afraid that lenders are smart enough to question a daily commute from Wales to London.
A second home or a buy to let might sound sensible, but your main residence at least 150 miles from work does not.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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