No, I am inputting the SATR earnings and being surprised there is no other option for rate based estimation (as many articles and forum replies imply)
Anyway got a follow up call from Halifax confirming the generic AIP form on website is not suitable for this scenario and to get the proper...
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Last edited by Lumiere; 23 April 2024, 14:52.
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This was for 60% LTV repayment .. the offer is less than x2.5 income by self-employed criteria.
That formula is mentioned on many contracting websites e.g. https://www.contractoruk.com/news/00...you_contractor _employee_or_self_employed.html
Unless the contractual hours are...Last edited by Lumiere; 20 April 2024, 11:30.
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The question was more about how to get the offer based on rate*5*46 formula which based on the previous forum replies was the way Halifax dealt with contractors. Perhaps that changed now and I should check other contractor friendly banks...
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Halifax Agreement in principle - how to get offer based on daily rate? (working link)
Trying to get an AIP to show agents if asked (also I assume real mortgage application will have the same options), what do I select below ?
It clearly says if you are an Ltd Director you must select self-employed, then gives these contract options of which none seem to apply to regular...
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Halifax Agreement in principle - how to get offer based on daily rate ?
Trying to get an AIP to show agents if asked (also I assume real mortgage application will have the same options), what do I select below ?
It clearly says if you are an Ltd Director you must select self-employed, then gives these contract options of which none seem to apply to regular...
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That's good to hear.
I am still looking for a suitable house, as I understand agreement in principle from Halifax website is useless .. so I just find a house, get offer accepted, find solicitor etc., book face-to-face appointment with Halifax mortgage advisor, apply for mortgage at the...
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