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  • FIRST POST
    • Lmac1
    • By Lmac1 14th Sep 18, 1:08 PM
    • 4Posts
    • 0Thanks
    Lmac1
    Best Lender for 2nd jobs
    • #1
    • 14th Sep 18, 1:08 PM
    Best Lender for 2nd jobs 14th Sep 18 at 1:08 PM
    Hi all,




    Iím currently pulling my hair out.


    I need to remortgage, my brokers gone awol so Iím attempting it alone (may not be wise but nothing ventured nothing gained). My circumstances have changed since I took the mortgage out, now I have a send job.


    Iíve scaled the net and canít find another lenders other than Nationwide and NatWest who accept 100% secondary income.


    Please point me their direction if you know of any.


    Thanks,
Page 1
    • YHM
    • By YHM 14th Sep 18, 8:10 PM
    • 593 Posts
    • 224 Thanks
    YHM
    • #2
    • 14th Sep 18, 8:10 PM
    • #2
    • 14th Sep 18, 8:10 PM
    Don't wing it, especially when you a working with specific criteria.

    Find another broker....
    I am a Mortgage Broker.

    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
    • LRmortgage
    • By LRmortgage 14th Sep 18, 8:23 PM
    • 76 Posts
    • 19 Thanks
    LRmortgage
    • #3
    • 14th Sep 18, 8:23 PM
    • #3
    • 14th Sep 18, 8:23 PM
    I agree with the above, find a new broker.
    • middleclassbutpoor
    • By middleclassbutpoor 14th Sep 18, 9:46 PM
    • 380 Posts
    • 321 Thanks
    middleclassbutpoor
    • #4
    • 14th Sep 18, 9:46 PM
    • #4
    • 14th Sep 18, 9:46 PM
    what retention deals are being offered by your current lender?
    • ACG
    • By ACG 15th Sep 18, 9:41 AM
    • 17,808 Posts
    • 9,595 Thanks
    ACG
    • #5
    • 15th Sep 18, 9:41 AM
    • #5
    • 15th Sep 18, 9:41 AM
    Is there anything wrong with the 2 options you have found?
    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.
    • Alarae
    • By Alarae 15th Sep 18, 11:21 AM
    • 327 Posts
    • 336 Thanks
    Alarae
    • #6
    • 15th Sep 18, 11:21 AM
    • #6
    • 15th Sep 18, 11:21 AM
    From my personal experience, Nationwide was a no go for me as they use the lower of P60 or annualised income. As I started my second job half way through the tax year, my p60 showed less than half of what I had already earned in the current year to date.

    Ended up going with Santander as they took an annualised average using the last 13 payslips, which was substantially higher than the last p60. They also include 100%.

    Bear in mind my second job is zero hours, so if yours has contracted hours it may be a different process for you.
    Save 10k in 2018: #58

    £4,111.44 / £10,000 - 41.11%
    • Lmac1
    • By Lmac1 15th Sep 18, 3:56 PM
    • 4 Posts
    • 0 Thanks
    Lmac1
    • #7
    • 15th Sep 18, 3:56 PM
    • #7
    • 15th Sep 18, 3:56 PM
    Nothing less than 3%.
    • Lmac1
    • By Lmac1 15th Sep 18, 3:58 PM
    • 4 Posts
    • 0 Thanks
    Lmac1
    • #8
    • 15th Sep 18, 3:58 PM
    • #8
    • 15th Sep 18, 3:58 PM
    Nothing! Just thought there may have been more.
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