Mortgage whilst relocating AND bank work income

HalpIneedhalp

Hi everyone!!
This is complicated but I will keep it brief - wondering if anyone has been in a similar situation.

I am a first time buyer - and most likely I will need a broker given my situation but curious to hear other people's experiences.

Firstly I am looking to move to the IOW. I have an 'ok' deposit (15-20%) and currently work two jobs with a very decent income.

Problem is I currently work in London. My main wage is night work and only 2-3 nights a week (3 occasionally as over-time). I wonder if anyone has has moved to the Island (or a relevant distance - about 80 miles) and argued successfully that it is a commutable distance? There is scope to relocate if a position comes up.in the South but this could be a matter of months - or even years. I would prefer not to leave the company as I have been there for 15 years and enjoy working there.

My second job is bank work. I am lucky enough to be in a position to relocate to the same job just under a different company. I know that most banks won't take into account a 'bank wage' (thats if they even consider taking into account a second job income at all) BUT if I work a permanent position plus a 'bank wage' will they see that as a better situation? I double my hours/wage a month with my bank hours alone... I work more hours than most contracted staff!! I just can't contract because of the irregular Rota in my main job. Any experiences of this would be great or bank recommendations... 👍🏼

Thanks guys 😃

muhandis

Definitely one for a broker. Good luck!

[Deleted User]

If a commute is possible and the costs are factored in to the calculations then im sure it would be doable. Commutes get questioned occasionally. The longest I got through recently was just over 70 miles with a full travel itinerary sent in with the case and costs accounted for.

Bank work is ok for some lenders. I have done a couple of them this year and i found that a 2 year p60 average is fairly common.

Depends on how tight affordability is and the lender going to as to how likely it will be. It wont be easy but thats the kind of cases brokers like to get their teeth stuck in to.

Maybe ask brokers on the island (if there are any) to see if they have done any cases with that kind of commute