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Mortgage offer withdrawn due to over 1 hour commute time
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MrsD2006
Posts: 2 Newbie
We were offered a mortgage on a property and said up front that I would eventually look for a job nearer the property (currently live and work in Essex, property is in Peterborough). Broker said this would not be a problem. then the lender said that because the commute from new property to existing job was to far, approx 1hr 20mins, I needed to get a new job nearer the property first, but I would then have to be in that position for around 3 months. Is this something new? Has anybody else been in this situation? Feel we are in limbo as not sure how we move on from here.
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Its one of those things which can be a problem, some lenders will be fine.
Your broker should be able to find an alternative lender.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.1 -
MrsD2006 said:We were offered a mortgage on a property and said up front that I would eventually look for a job nearer the property (currently live and work in Essex, property is in Peterborough). Broker said this would not be a problem. then the lender said that because the commute from new property to existing job was to far, approx 1hr 20mins, I needed to get a new job nearer the property first, but I would then have to be in that position for around 3 months. Is this something new? Has anybody else been in this situation? Feel we are in limbo as not sure how we move on from here.0
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MrsD2006 said:Feel we are in limbo as not sure how we move on from here.0
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MrsD2006 said:We were offered a mortgage on a property and said up front that I would eventually look for a job nearer the property (currently live and work in Essex, property is in Peterborough). Broker said this would not be a problem. then the lender said that because the commute from new property to existing job was to far, approx 1hr 20mins, I needed to get a new job nearer the property first, but I would then have to be in that position for around 3 months. Is this something new? Has anybody else been in this situation? Feel we are in limbo as not sure how we move on from here.
Your broker should be able to place you with an alternate lender.I am a Mortgage Adviser - You 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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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