Rovers_Andy
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- Andy
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Feeling very frustrated today.
We are hoping to buy a house later this year or early next year. I have been saving hard to build up a minimum 20% deposit. I am lucky to be in a well paid job and our combined incomes would mean affordability for repayments is not an issue. We would be looking at borrowing 2.5 x annual income.
Unfortunately because i am paid in US Dollars a lot of the Mortgage Brokers i have spoken to don't want to know, this is down to some new legislation coming in from March next year regarding mortgages in a currency different to the asset (wages)
It is hard enough for people to get onto the housing ladder already without making life even more difficult, whats the point in working hard to save a deposit only for lenders to turn us down because my wage slip says USD not GBP
We are hoping to buy a house later this year or early next year. I have been saving hard to build up a minimum 20% deposit. I am lucky to be in a well paid job and our combined incomes would mean affordability for repayments is not an issue. We would be looking at borrowing 2.5 x annual income.
Unfortunately because i am paid in US Dollars a lot of the Mortgage Brokers i have spoken to don't want to know, this is down to some new legislation coming in from March next year regarding mortgages in a currency different to the asset (wages)
It is hard enough for people to get onto the housing ladder already without making life even more difficult, whats the point in working hard to save a deposit only for lenders to turn us down because my wage slip says USD not GBP
