We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FTB - 95% LTV, can a broker help?
Options
Comments
-
I'm working on a 95% HTB - MG case with PO.
First one.
Affordability calculator said they would lend £324k based on basic salaries alone.
Did the DIP for £305k and it went to refer. Underwriter came back and said it failed on affordability. I'm now going back with bonus data to get them to reconsider.
Some lender affordability calculators are a joke and can't be relied on.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks guys, I have managed to get a couple of broker recommendations from friends on Facebook so will start there and get their advice as to whether or not we're likely to have much in the way of options.
Still have the bank appointment next week anyway which we'll keep so we'll see how things play out - and fingers crossed we can go house hunting soon :jOn a mission to be mortgage free!
MFW OP 2017 #106: £16,951.67 / £31, 626.610
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards