Practical query - we've been two see two building societies today as first time buyers.
Building society 1 expressed concern about a mortgage as I'm on a fixed term contract and and therefore offered us an agreement in principle based on my fianc!s salary alone. The advisor said that they would need to refer the application to the underwriter to see if I could also be party to the agreement.
Building society 2 went through the application with us and were able to get an agreement in principle for both of us. They are also going to refer to an underwriter but said would be surprised if an issue.
My query, and concern, is that this will adversely affect our credit rating. In reality, I think we have more success with building society 2. Any ideas?!
Building society 1 expressed concern about a mortgage as I'm on a fixed term contract and and therefore offered us an agreement in principle based on my fianc!s salary alone. The advisor said that they would need to refer the application to the underwriter to see if I could also be party to the agreement.
Building society 2 went through the application with us and were able to get an agreement in principle for both of us. They are also going to refer to an underwriter but said would be surprised if an issue.
My query, and concern, is that this will adversely affect our credit rating. In reality, I think we have more success with building society 2. Any ideas?!