Mortgages, particularly FR pilots with low basics

[orangesky]

hi, just a quick question about getting a mortgage ... i am keen to hear from pilots who have low basic salaries but where your sector pay and allowances increase your take home pay at the end of the month significantly.

which mortgage lenders did you use, did you have any difficulty justifying your allowances. if you use the standard maximum of 4 times your basic gross which most of the high str banks use it would mean one could only ever hope to buy a single garage on a crawley trading estate.

thanks in advance.

[Finger Bob]

One option is to get a Self Certification mortgage. Go see a mortgage advisor and ask what maximum multiples they can offer for a Self Cert mortgage. If you go for an interest only loan the payments will be that much less therefore allowing you to take out a bigger loan. If you take that advice, the next move is to see a Doctor to get your head examined.

We have record levels of debt, repossessions are up, and house prices are falling especially in the South East. You may have also noticed a slight increase in the price of oil.

See this:

http://www.parkerchris.pwp.blueyonde...nvocation.html
and
http://www.firsttimebuyerhelp.co.uk/