Getting a mortgage when relocating & pregnant!

Struckoil

Hi all

Just looking for some advice. We are looking to move to from the North East to the Midlands to be nearer to my family, and we are also hoping to get pregnant.

The plan was to get pregnant, stay in our current jobs until I'm ready to pop, and then buy a house in the Midlands and move! However, I've spoken with TSB and they say this is a big no no. We would need jobs in the Midlands, before they would allow us to buy a house there. The only way around it is for my partner to get a transfer to a branch in the Midlands and then at least we would have one 'wage' to count as income. I think although ordinarily a woman could use Maternity leave as income, I could not do that, as lenders want a return date and I won't be returning, as my job is 180 miles away!

I think we might have to just put the mortgage in my partner's name and be done with it. But I wondered if anyone has any ideas, thoughts etc.

thanks :beer:

AnotherJoe

I hope it goes well for you, but your headline subject is somewhat, no pun intended, premature, when you are not pregnant Counting your chickens and all that .......

Why dont you (a) get jobs in the new area (sounds like this is straightforward for your partner?), then (b) move and then (c) do whatever it is you need to do to try to get pregnant, in that order?

Thrugelmir

Move first , find work and establish yourselves in the new locality. Little point in gambling with your future and that of your future offspring.

Struckoil

Not sure why people would respond to people if they have nothing good to say!

If we could wait, we would.

We are going through IVF after waiting 5 years

csgohan4

Struckoil wrote: »

Not sure why people would respond to people if they have nothing good to say!

If we could wait, we would.

We are going through IVF after waiting 5 years

You got told by your bank the likely scenario and you got told the same here, what else do you want to hear?


Here's something good: Lenders go on the NOW not if for your finances.

pathtofreedom

If you're going from two incomes down to one, especially if you have a kid it will change your affordability checks, I guess it depends how much cash you have for a deposit and what sort of price your looking for a new place. Midlands covers a big area obviously, with varied price ranges for housing.

Just having a kid and still having two incomes stops some people meeting the affordability criteria so I think you'll need a brilliant broker to help with this. What is your monthly budget like? Do you have any credit cards / loans you'll pay off before doing all this?

Some mortgage companies as well won't lend to you if the commute looks too long, if he is changing branches they might also want him to work there for x amount of time first to show it isn't a temporary thing if the distance you're moving is very big.

I'm doing a big move, no kids though only a dog, but luckily my current mortgage company haven't questioned the fact I'm moving so far, that might be as I can work from home some of the time though.

frugalsmurf

I don't think anyone was intending to be rude.

We've had similar although it was possibly deemed as commutable so no need questioned it. I was pregnant at the time and had a tight schedule to move as I wasn't returning to my job. But I must add it was years ago and new rules have come in so it's not comparable really.

My advice would be to go to a broker and explain the scenario.