We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help!Any ideas?
misterri
Posts: 5 Forumite
:eek: Hi. First time post here, but feeling a bit desperate.
I am moving with one son to different town to be nearer elderly mother and rest of family.
Two main questions for anyone in the know
1) is there a problem with morgage companies taking into account all benefits as well as salary eg. working tax credit and CSA payments? (as there was no problem 3 yrs ago when i remorgaged) but now told by financial advisor things have changed.
2) I was hoping to base my new morgage on my present job that i have been in for 5 yrs, then move, and am very confident i will be able to make up morgage payments of £350 -400per month from work in new area. ( have some moderate savings in case but am prepared to turn my hand to anything within reason, temp work etc till i get established) I have approx £150000 deposit to put down, no debts and good credit history.
Financial advisor has told me today morgage dealers will not be happy because the job used to get morgage is a long distance from next property(approx 2 hours drive) and income includes benefits.
Hope this makes sense! Any advice gratefully received.
ps hoping to come off WFTC in new place as will be able to work longer hours etc.
I am moving with one son to different town to be nearer elderly mother and rest of family.
Two main questions for anyone in the know
1) is there a problem with morgage companies taking into account all benefits as well as salary eg. working tax credit and CSA payments? (as there was no problem 3 yrs ago when i remorgaged) but now told by financial advisor things have changed.
2) I was hoping to base my new morgage on my present job that i have been in for 5 yrs, then move, and am very confident i will be able to make up morgage payments of £350 -400per month from work in new area. ( have some moderate savings in case but am prepared to turn my hand to anything within reason, temp work etc till i get established) I have approx £150000 deposit to put down, no debts and good credit history.
Financial advisor has told me today morgage dealers will not be happy because the job used to get morgage is a long distance from next property(approx 2 hours drive) and income includes benefits.
Hope this makes sense! Any advice gratefully received.
ps hoping to come off WFTC in new place as will be able to work longer hours etc.
0
Comments
-
There are indeed lenders that will take these benefits into account - however, it will all depend on what figures you are looking at, as to whether they will be able to help you.I am a Mortgage AdviserYou 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.0
-
:eek: Thanks herbie0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards