Using 100% of your Second Income for a  Mortgage Application
Channel: Niche
Date: 2022-01-13

What you need to know about Second jobs for Mortgages and how Mortgage lenders view Second Incomes.

The employment world has changed considerably in the last decade with the emergence of the gig economy, home deliveries and the demise of the high street. The population now seeks work to fit around other commitments to avoid things such as expensive child care costs, and second jobs are commonplace, but how are they factored in mortgage affordability?

This article highlights the frequently asked questions on the topic: second job mortgages and provides answers, solutions and describes the Mortgage Lender underwriting thought process.
As always you should discuss your individual circumstances with a professional Mortgage Broker, such as Niche Advice.

Please read the full FAQ on Second Incomes for Mortgages
https://www.nicheadvice.co.uk/using-100-of-your-second-income-for-a-mortgage-application/

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY,IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets including some Bridging Loan products.

#SecondIncome #SecondJobs #Mortgageaffordabilty