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Mortgage advice for FTB!
jamjamjam
Posts: 2 Newbie
Hello everyone,
My partner and I are currently in the process of buying our first house, but we are now having problems getting our mortgage approved. My partner is on a part time contract and doesnt have a P60 as he only started the job in April. Nationwide said they would contact his head office to get proof of earnings, but this has come back unsatisfactory - it transpires there are not a set amount of hours worded in the contract, even though his payslips show he does a certain amount (or more) each month. Nationwide have now told us they wont be able to lend us the money - having already paid them for the valuation of the house.
I'd really appreciate any advice on what to do next, as everything else is going well; we have a provisional completion date in 4 weeks time and dont want to slow things up!
I am on a full time contract with all my proof of earnings etc and we are looking to borrow £90k on a £127k house
Many thanks!
My partner and I are currently in the process of buying our first house, but we are now having problems getting our mortgage approved. My partner is on a part time contract and doesnt have a P60 as he only started the job in April. Nationwide said they would contact his head office to get proof of earnings, but this has come back unsatisfactory - it transpires there are not a set amount of hours worded in the contract, even though his payslips show he does a certain amount (or more) each month. Nationwide have now told us they wont be able to lend us the money - having already paid them for the valuation of the house.
I'd really appreciate any advice on what to do next, as everything else is going well; we have a provisional completion date in 4 weeks time and dont want to slow things up!
I am on a full time contract with all my proof of earnings etc and we are looking to borrow £90k on a £127k house
Many thanks!
0
Comments
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Best speak to a broker who can take into account all your circumstances and will know which lenders criterion you will meet. One option could be self-cert.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.0 -
THere will be plenty of lenders that could look at this for you.
As you have proof of income, there will definitley be lenders that will take into account your partners income,I am a Mortgage AdviserYou 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.0
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