Complicated(?) mortgage questions. Help!

civicfee

An ast is an assured shorthold tenancy, there are special ones for lodgers and I would get one sorted and back date it to the first payment showing in your bank. Say he is a family friend not a boyfriend.

Your contract however is your sticking point, but you need to insist what you do is your trade and you have had no employment gaps, can show P60's for the past 3 years and ongoing contracts.

The underwriter looking at this ( and it will be a higher level underwriter) will look to average income across the past 3 years, look at mortgage conduct other credit conduct and overall affordability and make a decision.

If your mortgage is well conducted and you are not increasing credit to pay your mortgage then there is no reason why it shouldnt proceed.

Annisele

It sounds like the sticking point is as much the amount you want to borrow as it is your employment status. I agree that a face-to-face appointment with Santander is a good idea, but if you get nowhere with that an independent broker is probably a good plan. As to finding a broker, try asking colleagues - particularly ones who have the same sort of employment history as you.

(This isn't quite what you asked about, but I noticed you referred to "my husband" rather than "my ex". I'm assuming you are divorced, but if not he could come after a share of the property even once you've put it in your own name).

G_M

If you don't want your boyfriend on the Deeds/mortgage, beware the legal implications of accepting rent.

Landlords do not sleep wih their tenants/lodgers (at least none have ever agreed to with me). So he is not a lodger/tenant. By paying you rent, he may well be gaining property rights.

You mentioned your brother - it's unlikely he could be added to the mortgage without also becoming a joint owner, but would he act as guarantor? Santander (or another lender) might then grant you a sole mortgage underwritten by him.

bradders33

Hey everyone.

Thought I would resurrect this thread. To not only thank you for advice and to update you on the outcome. But as this might help someone else in future when searching on this subject.

Really happy to say that I completed on a new sole mortgage last month and I bought my husband out. 😊

I ended up seeing another broker. Who firstly concluded that I needed to be earning a lot more money. Within weeks, I had somehow secured a new one year contract, which was paying £10k more than the contract I was on at the time. (The gods must have been shining down on me!)

Then it started to go a bit awry. From my first appointment the broker kept mentioning / pushing a lender called Precise. Said they were great for people who worked on contracts. I said I would rather a high street lender. Reluctantly he put an application in with Halifax and it was declined. The only adverse items on my credit file were a late payment to a credit card and an arrangement on a catalogue. Both in 2012. But it was declined and underwriters wouldn't reconsider it under appeal.

Broker said I wouldn't get a high street lender and to apply to Precise. So I did and they gave me an AIP, but at just under 5% fixed and on a 5year tie-in minimum!! I said if I had no other choice of lender I would consider this, but only on 2 years. But they would ONLY offer me 5 years. 😡

I felt like I wasn't being given full picture and went directly to my own bank Natwest. Got accepted straight away. 1.75% fixed for 2 years!

Paid my husband his share two weeks ago and the house is now mine! So a few lessons learned on my part. Plus, when this mortgage is up for renewal those two adverse items on my credit file will have dropped off and I should hopefully find it easier to find a good deal.

So thank you.