Increasing my hours to get a mortgage

Lisyloo725

Hi. I’m interested in people’s views on whether increasing my number of days worked per week (I’m currently part time - 3 days per week) temporarily just to enable me to borrow more is dodgy in any way?
We can afford the monthly payments on my part time wage, but to get the mortgage we need, i need my full time salary.
Would I just need ONE higher value payslip - at the point of application? Or more?
What’s the likelihood that underwriters will call my workplace and check things out - possibly being told that my increase to full-time working is just temporary. Eeeek. If that did happen would the mortgage offer be pulled?
Your advice is appreciated
X x

Thrugelmir

Lisyloo725 wrote: »

Eeeek. If that did happen would the mortgage offer be pulled?

Technically false representation is commiting fraud. You'll find yourself listed on here.

https://www.nhunter.co.uk/

Not advisable.

amnblog

The question is, why are you not working full time currently?

If this is because of child care there may be other complications in your 'scheme'.

AnotherJoe

Usually from what I've read it's 3 months payslips and bank accounts you often see issues reported when for example someone just got a pay rise. And I recall my son in law had to wait a month to allow something on his bank acccount that wasn't actually dodgy but looked like it, to slip off his bank account 3 month records.
Whilst the chances they would call your work and ask if the new job was temporary are low it's a massive chance to take with life long repercussions I wouldn't do it.

FTBlalala

I bought in June and our mortgage provider asked for a copy of our latest P60's and 3 month's latest payslips, as I didn't have my P60 just yet they asked for 12 months of pay slips. If you get asked for your P60 they will then probably ask you about your work situation now and if it's likely to change based on your initial declaration of income on the application... Seems risky and dishonest

csgohan4

Not worth 'fiddling' the figures for the sake of being black listed and NEVER getting any other credit

https://forums.moneysavingexpert.com/discussion/5901936/cifas-national-hunter

Thrugelmir

Mortgage lenders can confirm salary details directly with the HMRC in cases of uncertainty or where's there a concern.

[Deleted User]

We look at YTD as a matter of course, even if the OT/salary on the provided payslips stack up. It's scary the number of people that try to boost income like this.

If you're found to be purposely inflating income, fraud markers will certainly be applied and it'll cost an absolute fortune in future to get a mortgage or any form of credit (or insurance).

I really wouldn't risk it - what "extra" borrowing would you even get with a higher salary? Is it really worth it? There are ways round everything in life, but also severe consequences if caught

Samsung_Note2

Could the OP simply say ok i feel like working full time...starts working full time and then some point in the future decide actually they dont like these full time hours and cut back to part time.