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Property not in a commutable distance to work for mortgage

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  • westv
    westv Posts: 6,454 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's not a lending policy I've ever heard of.
    OP I'd suggest reposting in the mortgage forum. Plenty of advice from brokers available there.
  • martin1959
    martin1959 Posts: 363 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 14 February 2015 at 12:34AM
    This is absolutely correct. It has always been Halifax's policy.
    I have known MA's being disciplined for taking applications where there was an unreasonable distance between the property and the workplace, and no reasonable explanation was documented.


    They would not accept living with relatives during the week as a suitable reason (in my day!).


    They will (or certainly used to) take applications from forces personnel with the property being a distance from where they are stationed, and would even normally give consent to lease.
    20 plus years as a mortgage adviser for Halifax (have now retired), and I have pretty much seen it all....:D
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    westv wrote: »
    It's not a lending policy I've ever heard of.

    Why would you. Unless you set policies within a lending institution.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    westv wrote: »
    It's not a lending policy I've ever heard of.
    OP I'd suggest reposting in the mortgage forum. Plenty of advice from brokers available there.

    Pretty sure there have also been previous threads about the same issue.
  • jc808
    jc808 Posts: 1,756 Forumite
    26.4 miles is quite a commute but doable, oh wait...
  • fimonkey
    fimonkey Posts: 1,238 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Interesting, I have just accepted a job in London and live in Bournemouth (120 mile, 2 hour train journey). I intend to travel up now and again and stay over with friends when I need to be there on consecutive days, but mostly I will work from home. Will this affect my chances of a re-mortgate in August?
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