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Nationwide - the wait begins
ChrisDownes
Posts: 6 Forumite
We have applied to Nationwide for a mortgage as we would like to move house. Our house has sold, and we have put an offer in on a new home which has been accepted.
I’m self employed, and have been for 2 years. My wife is a teacher and currently on maternity leave until Feb 2020.
We’re looking to borrow £228k and will be putting down a £45k deposit. Only debt is wife’s car @ 399 per month. Combined income is £65k per year.
Our current mortgage is with Nationwide (we are porting), as well as current accounts and savings account (£8k saved). We have £400 on credit card which can be cleared if necessary.
What’s our chances? Being self employed and with wife on maternity leave we have opted for the use of a Broker to deal with the application.
I’m self employed, and have been for 2 years. My wife is a teacher and currently on maternity leave until Feb 2020.
We’re looking to borrow £228k and will be putting down a £45k deposit. Only debt is wife’s car @ 399 per month. Combined income is £65k per year.
Our current mortgage is with Nationwide (we are porting), as well as current accounts and savings account (£8k saved). We have £400 on credit card which can be cleared if necessary.
What’s our chances? Being self employed and with wife on maternity leave we have opted for the use of a Broker to deal with the application.
0
Comments
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ChrisDownes wrote: »
What’s our chances? Being self employed and with wife on maternity leave we have opted for the use of a Broker to deal with the application.
If your broker has done their job properly then shouldn't be any issues.0 -
We've just been approved by Nationwide in vaguely similar circumstances.
61,000 Salary (Single Earner)
no debts
4 kids
£258,000 mortgage
£87,000 deposit
When you say that you have a salary of £65,000, what does this mean?
If I took your last 3 months of bank statements, combined your earnings in that time, would it total £3850 average?
If it does, you'll be fine!Total Unsecured Debt - Summer 2010 - £68244 / Summer 2011 - £57252 / Winter 2012 - £38495 / Winter 2013 - £21520 / Winter 2014 - £9342. / Summer 2015 - £0 - No Agreements, no payment plans, no settlements, no bankruptcy, just hard work.0
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