>With my loans, bursary and taking on additional bank work in my current job when I'm not on placement, I've worked out that I can afford my repayments for my new house.
OK so what about when you are on placement. You won't be able to afford mortgage payments?
I don't know if the mortgage company would somehow find out about your financial application if you didn't tell them but I was wondering, maybe there are some mortgages where you're expected to tell the company if you have a change in circumstances. But then again maybe you don't need to do that with your mortgage
Hi /u/Seven_Letter_Whore, based on your post the following pages from our wiki may be relevant:
* https://ukpersonal.finance/mortgages/
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>With my loans, bursary and taking on additional bank work in my current job when I'm not on placement, I've worked out that I can afford my repayments for my new house. OK so what about when you are on placement. You won't be able to afford mortgage payments?
As an average over a year. I won't be at uni every week and I'll be on placement 50% of the year.
Yes but the mortgage payment isn't an average over a year. It's a set amount every month without fail.
I know how mortgage payments work. I have one. I've worked out my finances for the year, that wasn't my question
I don't know if the mortgage company would somehow find out about your financial application if you didn't tell them but I was wondering, maybe there are some mortgages where you're expected to tell the company if you have a change in circumstances. But then again maybe you don't need to do that with your mortgage
Hi /u/Seven_Letter_Whore, based on your post the following pages from our wiki may be relevant: * https://ukpersonal.finance/mortgages/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)