Is it even worth applying?

mrsmortgage

I have a mortgage broker who says everything will be fine...

However I'm starting to doubt it myself.

Affordability is pushed to the limit, I'm going on ML in less than 3 months, and we have some debts (that will be paid off before completion).

I also have a late payment on my CC but not my fault so HSBC will rectify and hopefully provide a letter explaining this.

Partner is not on the electoral roll at our address but his ex-marital home. This has been rectified this weekend.

LTV will be anything from 15-20%

haras_nosirrah

Based on what you said on your previous post you should be fine

Thrugelmir

Do you really want the stress of moving house in the next few months? Why not wait until next spring.

mrsmortgage

We don't want to pay the extra £££ of rent so the sooner the better! Plus our landlord has been funny since we announced we wanted to move. he refused to change us to a rolling contract and I have a hunch they might not renew the contract (which will only be given on a 6 month basis).

Depending on the mortgage we'll be saving £2k over 6 months.

i moved about a month before giving birth with my first and it wasn't as bad!

grumiofoundation

mrsmortgage wrote: »

We don't want to pay the extra £££ of rent so the sooner the better! Plus our landlord has been funny since we announced we wanted to move. he refused to change us to a rolling contract and I have a hunch they might not renew the contract (which will only be given on a 6 month basis).

Depending on the mortgage we'll be saving £2k over 6 months.

i moved about a month before giving birth with my first and it wasn't as bad!

Unrelated to the mortgage application but you should be aware your landlord cannot refuse to move you to a rolling contract. When your fixed term comes to an end you will automatically move onto a periodic tenancy regardless of whether you sign anything.

mrsmortgage

Thank you. I'll ask the EA as last time instead of giving us a rolling contract, just gave us 6 extra months.

It has been implied that they only work on 6 months contracts and nothing else.

grumiofoundation

mrsmortgage wrote: »

Thank you. I'll ask the EA as last time instead of giving us a rolling contract, just gave us 6 extra months.

It has been implied that they only work on 6 months contracts and nothing else.

What I meant was you don’t have to ask at all, this will automatically happen at the end of your fixed term. Personally in your situation I would not mention anything and if you hear nothing from them you will just move onto a periodic tenancy. Whatever they try to say the agent/landlord cannot prevent this happening. Their only option is to serve you notice to quit (see links below).
I think agents like to imply you have to renew as they get their renewal fee each time (thankfully not for much longer!).

You might want to have a read of this link on ending/renewing tenancies
https://forums.moneysavingexpert.com/showpost.php?p=67759913&postcount=4
https://forums.moneysavingexpert.com/discussion/5180214