Broker used to dealing with Foreign Income

Andy_St

Further to my first thread about issues that might come about from lenders interpretation of the MCD are there any brokers on here who have experience dealing with applicants who have non UK salary?

I want to make sure we are well prepared when the time comes to pull the trigger (hopefully after September)

To give some background. Deposit is currently 50k but will grow each month. House price max 250K and looking at Northwest Manchester area. Household income circa 80K. Both early 30's i have zero debt, wife has about 1k on credit card

Any brokers on here who would be prepared to work on our case?

Thanks

Andy

Andy_St

Anyone able to help?

amnblog

The important thing Andy is that the income is remitted into the UK.

Payment in USD, Euro etc, lenders can handle.

Situations like an enquirer to our firm last week that was paid in the U.S. and was paying no UK tax as no income arrives here do not work.

Andy_St

Thanks for the reply

So as funds come into my USD account and are then transferred to my UK account the fact it starts as i a different currency isn't an issue?

amnblog

Paying UK income tax?

Andy_St

Yes, but reclaimed most years

Let_Us_See

Do you expect to return to UK or simply try to buy a house in September?

What is your profession and do you work for a multi-national?

Andy_St

Hi Let Us See.

I am a UK national and UK resident, I'm an engineer officer in the Merchant Navy, i work on ship for 6-8 weeks then come back to the UK for my leave periods.

The company i am employed for is a Singapore company.

amnblog

As you can see from the questions asked Andy - these are tricky cases.

Let_Us_See

Let_Us_See wrote: »

Do you expect to return to UK or simply try to buy a house in September?

Please could you clarify?

Andy_St

amnblog wrote: »

As you can see from the questions asked Andy - these are tricky cases.

Yes, this is why i am consulting people now to make sure we are prepared. I think engaging a broker is the only sensible course of action and certainly the least stressful.