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Can someone decipher this for me please?
dk5294
Posts: 178 Forumite
Not sure if this means that the mortgage has been accepted as long as he meets the requirements?? Also his cards will be closed on completion, he's stated on his application this will be within 30 days, is this reasonable?
Purchase 50,000 / 74,000 68% LTV
Income 15,280 + guaranteed 2115
On ER
2x loan dec 254 to remain, 26 to be repaid
1x c.c dec 750 to be repaid
** This department is unable to provide guidance or advice regarding this mortgage application as you have chosen our execution only service.
If you now require advice please call our Direct mortgage team on 08450 50 50 62. **
Important This Decision in Principle is based on the information provided by you and if further information subsequently comes to light we reserve the right to amend the loan amount. This could include additional commitments not disclosed at this point. (e.g. Leasehold Payments, School, Fees, Rent Charges etc). If the Application differs from the information provided on the Decision in Principle, additional information may be requested.
Additional Requirements
Applicant 1 Subject to the application not completing untill applicant has completed 6 months employment -
5/3/17
Subject to proof of occupancy at the 1st previous address is required
Subject to evidence that the Barclaycard has been repaid
Purchase 50,000 / 74,000 68% LTV
Income 15,280 + guaranteed 2115
On ER
2x loan dec 254 to remain, 26 to be repaid
1x c.c dec 750 to be repaid
** This department is unable to provide guidance or advice regarding this mortgage application as you have chosen our execution only service.
If you now require advice please call our Direct mortgage team on 08450 50 50 62. **
Important This Decision in Principle is based on the information provided by you and if further information subsequently comes to light we reserve the right to amend the loan amount. This could include additional commitments not disclosed at this point. (e.g. Leasehold Payments, School, Fees, Rent Charges etc). If the Application differs from the information provided on the Decision in Principle, additional information may be requested.
Additional Requirements
Applicant 1 Subject to the application not completing untill applicant has completed 6 months employment -
5/3/17
Subject to proof of occupancy at the 1st previous address is required
Subject to evidence that the Barclaycard has been repaid
0
Comments
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*update*
Spoke to Leeds and they have advised as long as he meets the requirements mentioned above they will be happy to lend the 50k.
When I done his income I put it at the bare minimum so here's hoping I've not messed the figures up.
I can't help feel slightly jealous
0
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