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Urgent mortgage help!!!
Comments
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It's unlikely that you will be asked for further proof of earnings now.
Don't panic. As long as you are earning what you said you would be before you complete then that is all that will matter.
You can explain why your hours did not increase in the timescale if asked but genuinely, you are earning what they deem to make your mortgage affordable now before it starts - that is all that matters.0 -
Has the increased/new childcare cost been disclosed and included in affordability?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Hello. The reason it’s taken so long to sort it out is so I don’t have to pay extra childcare. A family member is now looking after him.0
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Please does anyone else have any information for me. I’m still stressing!0
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be honest to the lender and wait for their decision, nothing can be rushed"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Even though I am earning the money they offered the mortgage on now?0
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If you are earning the money now I see no reason to? If you didn't get the increase I could see why you'd need to say something.
I got out mortgage offer the day before I got a 3k pay rise and was told no need to say to our lender about the increase.0 -
I have definitely got the increase. Just a few months later due to childcare issues. I didn’t want to pay for childcare in the meantime as it wasn’t accounted for in my affordability. A family member is now able to look after him.0
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