We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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 help
Options
princess295
Posts: 55 Forumite
Ive had an offer accepted on a property at 77500, i have 23000 saved, i want to use 10000 as deposit, 10000 to do complete works on house and buy items as im currently living with parents so need to buy everything.
before making an offer i used a large number of websites to get calculations and they all said a mortgage would be fine, however yesterday i spent 2 hours on phone with tesco who passed me through first 2 stages of application but on 3rd stage said they couldn't lend to me as LTV was too high, despite them saving monthly outgoings were fine, credit rating is fine and them knowing the LTV right at the start of the call. im now worried i wont get mortgage i don't want to loose this house.
is it possible to get mortgage for 67500 on salary of 23700?
before making an offer i used a large number of websites to get calculations and they all said a mortgage would be fine, however yesterday i spent 2 hours on phone with tesco who passed me through first 2 stages of application but on 3rd stage said they couldn't lend to me as LTV was too high, despite them saving monthly outgoings were fine, credit rating is fine and them knowing the LTV right at the start of the call. im now worried i wont get mortgage i don't want to loose this house.
is it possible to get mortgage for 67500 on salary of 23700?
0
Comments
-
Now you know why they are losing so much money.
Best for beans.
Yes, your requested mortgage is possible.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 -
thank you, ive been really worried, i was fuming i took time of work to spend 2 hours on phone for nothing!0
-
Bill them!
These extended phone calls with a no at the end that should have been obvious at the begining are too commonplace.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards