Mortgage offer question

Martin8870

We received our offer now we are just waiting for the valuation to be booked. We was offered £1,900 short of the 75% LTV we asked for (HTB), our broker said this was because applicant 2 wages slips are not consistant, does this sound right? I’m not saying our broker is trying to stitch us 1900 but I just wanted to check for my self. Lender is NatWest, il not mention the broker. I’m sure it will all be on paper but with everything being closed due to Christmas it’s been playing on my mind.

Also wondering, when would this amount need to be paid?

Thanks.

goodwithsaving

Your question is confusing.

You haven't had an offer if you are awaiting the valuation. A Decision in Principle, perhaps.
The broker doesn't define the amount you can borrow - the banks do.
When does what need to be paid? Are you cutting it that fine that you can't put in the £1900 to get to 75%?

Richey_

It would seem that either your broker is trying to save you money in the long term by getting you a better rate at 75% LTV rather than the higher bracket or there’s issues with your application and the. And are requesting 25% deposit for the house. Your post is not clear.

YHM

Natwest are sticklers for consistent income and usually request more evidence to support variable income than other high street lenders, so yes, it does sound like your broker is speaking the truth.

Martin8870

Thanks YHM that’s the answer I was looking for.

amnblog

A Broker is not going to be ‘stitching up’ a client by getting them less lending than is preferred and available.