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Natwest Variable Income when applying

Lovem
Lovem Posts: 205 Forumite
in Mortgages & endowments
Hi,
Has anyone any experence with this.

we are getting very anxious at the moment. Our application is with the underwriters at the moment but our broker has concerns that my husbands salary each month can be up and down by apx £1,000 difference but the total for the year is always within a few £1,000. (7 years P60 to back this up) Would this made a huge difference for our application?

Comments

  • ACG
    ACG Posts: 24,685 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Im jsut doing a similar case with them now. Natwest want me to provide 6 months payslips which they will average out.

    Thats the figure they want from me on this case.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • Lovem
    Lovem Posts: 205 Forumite
    ACG wrote: »
    Im jsut doing a similar case with them now. Natwest want me to provide 6 months payslips which they will average out.

    Thats the figure they want from me on this case.

    Thank you for your reply. We have given the last 24 payslips. If they average out ours it will add up to what the P60 says so on that we should be ok but we can not find anyone who had to do it like this.
  • ACG
    ACG Posts: 24,685 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I wouldnt worry, unless affordability is very tight its unlikely to make a massive difference if the payslips and P60s are all the same or there abouts.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • Lovem
    Lovem Posts: 205 Forumite
    Thank you for your reply.
    We just got this "case has been underwritten and the homebuyers/valuation instructed today" so I assume this is we are good to relax?
  • DpchMd
    DpchMd Posts: 540 Forumite
    Lovem wrote: »
    Thank you for your reply.
    We just got this "case has been underwritten and the homebuyers/valuation instructed today" so I assume this is we are good to relax?

    So far so good!
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • Lovem
    Lovem Posts: 205 Forumite
    DpchMd wrote: »
    So far so good!

    Brill!!!! my stomach has been in knots the last few days :j
This discussion has been closed.
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