Mortgage broker - ask me anything

louisedaisy133

@haras_n0sirrah Hey! Can you see an over draft of £3900 being an issue with Kent Reliance? Never been over it .. thanks for your advice xxx

shannon27

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

haras_n0sirrah

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

shannon27

Arharas_n0sirrah said:

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

Are there people who will accept and quickly as we run the risk of the housing association taking the house from us? Will our mortgage broker struggle to find someone this week?

haras_n0sirrah

shannon27 said:

Arharas_n0sirrah said:

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

Are there people who will accept and quickly as we run the risk of the housing association taking the house from us? Will our mortgage broker struggle to find someone this week?

What percentage deposit do you have?

shannon27

haras_n0sirrah said:

shannon27 said:

Arharas_n0sirrah said:

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

Are there people who will accept and quickly as we run the risk of the housing association taking the house from us? Will our mortgage broker struggle to find someone this week?

What percentage deposit do you have?

10%

haras_n0sirrah

shannon27 said:

haras_n0sirrah said:

shannon27 said:

Arharas_n0sirrah said:

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

Are there people who will accept and quickly as we run the risk of the housing association taking the house from us? Will our mortgage broker struggle to find someone this week?

What percentage deposit do you have?

10%

Is there a probationary period? It it came to it could you get to 15%?
I will need to check the criteria guides

shannon27

Yes we probably could but it would be a stretch. It’s 6 months unfortunately, she starts in 3 weeks. Our mortgage broker has all the info he needs from her current job like 3 months payslips 

shannon27

haras_n0sirrah said:

shannon27 said:

haras_n0sirrah said:

shannon27 said:

Arharas_n0sirrah said:

shannon27 said:

Hi, me and my partner have just been accepted on a shared ownership and our mortgage broker is applying for our mortgage with virgin this week as we had a MIP from them before being accepted from the house. My partner has just got a new job, she starts in 3 weeks, do you think we will lose the house because of this? Thanks 

Virgin are the wrong choice here. They require 2 months in new job and out of probationary period 

Are there people who will accept and quickly as we run the risk of the housing association taking the house from us? Will our mortgage broker struggle to find someone this week?

What percentage deposit do you have?

10%

Is there a probationary period? It it came to it could you get to 15%?
I will need to check the criteria guides

Yes we probably could but it would be a stretch. It’s 6 months unfortunately, she starts in 3 weeks. Our mortgage broker has all the info he needs from her current job like 3 months payslips 

haras_n0sirrah

Unless your broker is going off the current job rather than the new job then she will need a minimum of 2 months in her new job before virgin will consider. If your partner has 2 years track record in the same industry they can ignore the probationary period.