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Resi mortgages
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04-10-2012, 12:25 PM
 Post: #1 |
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Resi mortgages
Hi one for the Brokers,
Pal of mine own his own resi, approx 50% LTV, wants to remortgage, but took voluntary redundancy a couple of months back from his job of 7 years. He walked straight into a new job on similar wage to before, but has only been there one month and is on probationary period, will lenders have a problem with this? He has c. 20k savings, the mortgage is only for about 50/60k. 
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04-10-2012, 07:27 PM
Post: #2 |
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RE: Resi mortgages
Not a broker - but I would imagine your frend would find it easier at this stage to seek permission to let on the Resi mortgage. Presumably less hoops to jump through.
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04-10-2012, 09:45 PM
Post: #3 |
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RE: Resi mortgages
Thanks for reply Dave, in this case he's looking to carry on living in it, not let, personally I think he should wait until probationary period over then do as normal, but would like to hear from a broker.
(04-10-2012 07:27 PM)djr Wrote: Not a broker - but I would imagine your frend would find it easier at this stage to seek permission to let on the Resi mortgage. Presumably less hoops to jump through.
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05-10-2012, 10:09 PM
Post: #4 |
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RE: Resi mortgages
The one month in the job shouldn't be a problem for a couple of lenders (though most want 6 months or more) but most don't like probationary periods. If its 3-6 months in all honesty he's better off waiting as he'll get a much broader choice then anyhow.
Lisa http://www.keys-mortgages.com Follow
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05-10-2012, 11:00 PM
Post: #5 |
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RE: Resi mortgages
Thanks Lisa.
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08-10-2012, 11:49 AM
Post: #6 |
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RE: Resi mortgages
I agree with Lisa's view.....as usual
Kevin Wright 07889 526979 kevinwright@thinkpositive.co.uk
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