Mortgage advice? WWYD?

5 replies

Instagrrr · 15/12/2019 15:18

Briefly, OH has recently been giving a 6k a year pay rise! Hurrah!

Would you go back to your mortgage advisor to see if you’re able to be lent any more? We’ve not found anything suitable yet to buy (First time buyers)

Thanks

OP posts:

JoJoSM2 · 15/12/2019 15:26

Have you got more deposit for a more expensive property?

I don’t think you need to go to an adviser now. You’ll be able to borrow extra 20k or so. So you can look at slightly pricier properties.

Chanel05 · 15/12/2019 15:36

You usually have to have three months of pay slips proof that the pay has increased to borrow more.

Original poster

Instagrrr · 15/12/2019 15:49

Thank you, we have more deposit money saved anyway (blessing in disguise waiting for the right house to come up!)

So you think not to bother? Will have 3 by February 🙌🏻

OP posts:

GOODCAT · 15/12/2019 16:35

Do bother you will know how much more you can borrow and they do act on payrises you just take the letter showing you will get the payrise and they will just check it with your employer.

Original poster

Instagrrr · 15/12/2019 16:58

@GOODCAT thank you! I’ll get him to print it off

OP posts:

Flip