Originally posted by northernladyuk
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Contractor Mortgage - Living Location - Advice Please.
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"You’re just a bad memory who doesn’t know when to go away" JR -
Originally posted by barrydidit View PostIt's a risk factor for the lender as it's assumed you'll spend a fecking fortune commuting, go mental from too much commuting and lose your job, or else just let the place out without telling them. That's why.Originally posted by SueEllen View PostReally???
I think the real risk is they think the OP is trying to get a BTL mortgage through another route.
As I also said, it's a question of risk - buying a place that's nowhere near where you live or work is going to be flagged up.Comment
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Originally posted by northernladyuk View Postare you a test manager or a manager of testers?Comment
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Originally posted by barrydidit View PostHave you considered the possibility that he might be a tester of managers?Comment
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Originally posted by testmanager View PostHi all,
First time post so go easy...
I am an IT contractor having worked within this field as self employed for over 5 years.
I am trying to secure a mortgage on a property which is away from my current contracted location, as a first time buyer.
I have been told by a mortgage broker (Habito) that trying to gain a mortgage within a location to which I have no 'ties' is impossible and not worth trying.
My argument being, as an IT Contractor I could work anywhere in country depending on where the contract is based, as I have done, Liverpool, Brighton, London etc, so, should it really matter? As long as I can cover the mortgage payment.
So my question is - has anyone had this type of issue before or heard of such a thing?
I have an AIP (agreement in principal) from Halifax but before I pursue it with a home near where I am currently contracted, I am keen to hear other peoples thoughts.
Thank you.
Buying a property in a location other than where you live or work happens all the time. I suspect the broker is just wanting an easy life for their fee \ commission.
With 5 years contracting history and accounts, you really shouldnt be having obstacles like this put in your way.Comment
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Originally posted by northernladyuk View PostPS are you a test manager or a manager of testers?Originally posted by barrydidit View PostHave you considered the possibility that he might be a tester of managers?Originally posted by northernladyuk View PostWell I certainly have now. Thank you. The 'he' is a little presumptive.…Maybe we ain’t that young anymoreComment
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Contractor Mortgage - Living Location - Advice Please.
Habito are a fairly recent startup. You’d be best to go with a broker who is used to dealing with contractors, rather than a new business that isn’t clued in on our area of business.
...provided you are talking about a proper mortgage on a primary residence, not a disguised BTL or buying something through your company.…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostHabito are a fairly recent startup. You’d be best to go with a broker who is used to dealing with contractors, rather than a new business that isn’t clued in on our area of business.
...provided you are talking about a proper mortgage on a primary residence, not a disguised BTL or buying something through your company."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by northernladyuk View PostWell I certainly have now. Thank you. The 'he' is a little presumptive.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostHow do we feel that Testmangler is going to feel about someone almost impersonating him?Comment
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