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Mortgage offer based on 2 incomes, now i only have 1 full-time income. What to do?
Dsquared2
Posts: 1 Newbie
Hello Everyone!
I am in desperate need of advice on what to do?!
I applied for shared ownership mortgage with Halifax for a property. Im purchasing a 30% share of £550.000 full value flat. So my share is £163.500.
I have paid 10% deposit to my solicitor. The deadline for completion and exchange were due by mid November, but the housing association have not yet been handed over the flat from the owner and have delayed this until mid January.
Due to a member of my family's health problems, i've had to resign from my second part time job. I still have my full time job.
The housing association require a minimum earnings of £57000 per year, this was achievable with both incomes, but with one income I'm on £46000.
My employer is changing the pension scheme and I'll be receiving £15000 in cash on 31 of march.
Could anyone please advice me on what to do??? I'm lost and I really don't want to loose my deposit.
Who shall I contact and what are my options? Or is it game over? PLEASE help!
In January 2018 I will be starting some freelance work which would bump up the salary about £10.000 a year but i'm still awaiting the forms from HM GOV for self assessment. So technically I don't have a payslip yet from this income.
Could anyone please guide me on what to do?
Many thanks
I am in desperate need of advice on what to do?!
I applied for shared ownership mortgage with Halifax for a property. Im purchasing a 30% share of £550.000 full value flat. So my share is £163.500.
I have paid 10% deposit to my solicitor. The deadline for completion and exchange were due by mid November, but the housing association have not yet been handed over the flat from the owner and have delayed this until mid January.
Due to a member of my family's health problems, i've had to resign from my second part time job. I still have my full time job.
The housing association require a minimum earnings of £57000 per year, this was achievable with both incomes, but with one income I'm on £46000.
My employer is changing the pension scheme and I'll be receiving £15000 in cash on 31 of march.
Could anyone please advice me on what to do??? I'm lost and I really don't want to loose my deposit.
Who shall I contact and what are my options? Or is it game over? PLEASE help!
In January 2018 I will be starting some freelance work which would bump up the salary about £10.000 a year but i'm still awaiting the forms from HM GOV for self assessment. So technically I don't have a payslip yet from this income.
Could anyone please guide me on what to do?
Many thanks
0
Comments
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If you haven't exchanged contracts. Then your deposit will be returned to you.0
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