Will this help offer?
GavL
Forumite 43 Posts
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Hope someone can shed some light.
Having gone to underwriters, I was advised that maximum they were prepared to lend was £17k short of what I need! It’s due to the old childcare voucher scheme which I’m still part of as my youngest still attends nursery, just twice a week alongside a car loan I have.
My broker advised if I got rid of one I’d be back to where I need to be. So I’ve dramatically reduced the voucher contribution by almost £200 a month. This has been confirmed in writing by employers and I can “prove” come next payslip. It’s back with the underwriter now but any experience as to what effect this change will have would be appreciated. I’m in for a long wait with the bank holiday weekend
! TIA.
Having gone to underwriters, I was advised that maximum they were prepared to lend was £17k short of what I need! It’s due to the old childcare voucher scheme which I’m still part of as my youngest still attends nursery, just twice a week alongside a car loan I have.
My broker advised if I got rid of one I’d be back to where I need to be. So I’ve dramatically reduced the voucher contribution by almost £200 a month. This has been confirmed in writing by employers and I can “prove” come next payslip. It’s back with the underwriter now but any experience as to what effect this change will have would be appreciated. I’m in for a long wait with the bank holiday weekend
! TIA. 0
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I’m doing the mortgage myself as hubby just became self employed so not accounts but he’ll be taking on the balance
You should note that this site doesn't check my status as a Mortgage Broker, 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.
Also, do they not take into consideration that the mortgage payment is £200 less than rent? Aware it’s not as simple as that. I can afford everything as is with the higher rent so find it all complicated.
Presumably you'll be financially supporting him. While he gets the business up and running. Has the lender factored this into account as well.