Hi Folks,
I have recently been made redundant and as a result I have applied to my mortgage provider to have my mortgage reduce to interest only in the short term. As part of the application I must detail all of my outgoings and income including any supplementary or irregular income. I have a few nixers that I do for cash and I'm wondering if I should declare them as they might work against me and result in the application being rejected.
I bank with AIB and have a mortgage with EBS, I know that EBS can access information held by the credit bureau (so credit cards, loans etc) but Im curious as to what EBS can and cannot see with regard to my financial information and specifically my current account for cashflow. I want to make sure by not declaring them Im not running the risk of my mortage provider findiing out and it hurting my creidt rating moving forward, is it even worth the risk? I'd be inclined not to take the risk but without the nixer income things are barely above break even. Any help or advice would be greatly appreciated.
Regards,
Dave
I have recently been made redundant and as a result I have applied to my mortgage provider to have my mortgage reduce to interest only in the short term. As part of the application I must detail all of my outgoings and income including any supplementary or irregular income. I have a few nixers that I do for cash and I'm wondering if I should declare them as they might work against me and result in the application being rejected.
I bank with AIB and have a mortgage with EBS, I know that EBS can access information held by the credit bureau (so credit cards, loans etc) but Im curious as to what EBS can and cannot see with regard to my financial information and specifically my current account for cashflow. I want to make sure by not declaring them Im not running the risk of my mortage provider findiing out and it hurting my creidt rating moving forward, is it even worth the risk? I'd be inclined not to take the risk but without the nixer income things are barely above break even. Any help or advice would be greatly appreciated.
Regards,
Dave