Problem getting a mortgage (not due to bad credit)

jessie175

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Have just sold our house and looking to get a new mortgage. Myself and my partner make more than we need to secure the mortgage and we have a high value-to loan ratio i.e. we have about 50% of the cost of the house. Have no other loans etc. However, my partners company is based in the US and he is paid in Ireland through an umbrella company, he pays all taxes here. The company is a start-up, 1 year, that has recently secured large VC but to date the payments have been irregular e.g. every 1-3 months when funding came in.
We have been advised by our mortgage broker, who ran it unofficially by a bank or two, that any bank will not go for this, due to the irregularity of the salary payments to date. Is it worth going to our current bank and speaking frankly about this to the manager?
Any advice would be appreciated.
 
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my otherhalf had started a new job, was in it about 3 months when we applied for mortgage. we only got one lender out of 11 to agree to do it and that was because i had already a mortgage with them. he was getting regular wages. we're both on good incomes...

so if your bf is getting irregular payments then i'd say ur broker is right but you might as well chance going to your bank manager. you've nothing to lose!
 
I dont think your broker has given your case the due attention it deserves. I am a mortgage broker, and my view is that i would speak to ALL the banks that I deal with before coming to the conclusion that the mortgage is un-doable. I would do the following things:
1) Check how many agencies your broker has - hopefully he has all/nearly all the agencies
2) Ask him to either run your info to all the banks or else you will go to another broker who will!
 
The payments may 'have' been irregular - but are they currently regular?

Does your partner have a contract with the company - which sets out the annual income?

If so, did the irregular payments match the anticipated annualised earnings of that period?

Have you approached the company you had your last mortgage with directly yourself?

Disclsoure - I work for a mortgage broker
 
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