First Time Buyer relocating

smiffy12_2

Hey,

Was really hoping for advice regarding our current situation. At the moment my partner and I are renting in London. We eventually want to move to Northern Ireland to be near her family but for the time being we are settled here and ideally would want to move in approx 18 months time. The trouble is we've seen a new build property which is perfect for us.

My question would be wondering how hard it would be to obtain a mortgage considering at the moment we are based in London. The property won't be built until mid next year and my girlfriend is happy to move to Northern Ireland in order to move in when the house is ready, however she wouldn't immediately have a job. I would stay in London for another year afterwards for free with my parents, I can also work remotely so would basically spend my time split between the two (lots of flying unfortunately). The property cost is £173k and we have a £25k deposit. I earn £46k and my other half earns £25k so we have a mortgage in principle for well over the property cost, we are just concerned that lenders won't lend to us based on geography. Any advice or tips would be greatly appreciated. Thanks a lot

ACG

Assuming affordability stacks up without your partners income (as that will stop when the new house completes by the sounds of it), there are probably a couple of lenders who will do this if you can evidence your job an be done remotely (ie a letter form your employer). It will not be for every lender so you either need to do your research or speak to a broker.

smiffy12_2

Thanks a lot. Would they also be happy with the fact that I'm living in London without any increased living costs?

ACG

Its one of those cases where it would need to be run by an account manager/underwriter before applying. It would need to be explained upfront to ensure they are happy with everything. I think it will be possible but it is difficult to commit to an answer.

smiffy12_2

Cheers appreciate the advice. I guess I'll speak to a mortgage broker but I imagine we'll try and get it. will just be a downer if we lose the £1k reservation fee