Hi There,
I had recently been trying to get a mortgage of 95 -100k. However it was declined due to my wife's business only been open just over 1 year and nowhere would take her earnings into consideration and also penalised me for having to support her.
With the new regulations which say the limits are 3.5 times gross income would it be worth while going back to banks to try now or is it still too soon after last bank application was refused.
Basic is 33k
Shift adds 5k ( Guaranteed )
with OT last year my gross was 48k.
Also what is classed as gross now, is OT in or out?
Even with my basic alone, 3.5times equates to more than I need.
I had recently been trying to get a mortgage of 95 -100k. However it was declined due to my wife's business only been open just over 1 year and nowhere would take her earnings into consideration and also penalised me for having to support her.
With the new regulations which say the limits are 3.5 times gross income would it be worth while going back to banks to try now or is it still too soon after last bank application was refused.
Basic is 33k
Shift adds 5k ( Guaranteed )
with OT last year my gross was 48k.
Also what is classed as gross now, is OT in or out?
Even with my basic alone, 3.5times equates to more than I need.