Hi all,
About 6 months ago I used a specific contractor broker to secure a first time home purchase for myself and my partner. The process was relatively straight forward and my affordability was based upon my day rate. My partner and I have recently seperated and I am looking to buy her out and take over the mortgage. I have approached a few brokers and they are not interested as I am not applying for a new mortgage. I have therefore had to apply for a transfer of equity through Nationwide directly (at my local branch) They will only let me proceed if I can prove my salary and or dividends meet their very high affordability model. As a contractor, like many, I take dividends when required and have a large amount of remained profit within my limited company. They are not interested in this or my day rate.
Any ideas what I can do? Unfortunately the contractor brokers appear to have access to a totally different section of the bank which is really frustrating.
Thanks
About 6 months ago I used a specific contractor broker to secure a first time home purchase for myself and my partner. The process was relatively straight forward and my affordability was based upon my day rate. My partner and I have recently seperated and I am looking to buy her out and take over the mortgage. I have approached a few brokers and they are not interested as I am not applying for a new mortgage. I have therefore had to apply for a transfer of equity through Nationwide directly (at my local branch) They will only let me proceed if I can prove my salary and or dividends meet their very high affordability model. As a contractor, like many, I take dividends when required and have a large amount of remained profit within my limited company. They are not interested in this or my day rate.
Any ideas what I can do? Unfortunately the contractor brokers appear to have access to a totally different section of the bank which is really frustrating.
Thanks
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