Hello,
I am just wondering if anyone can offer me some advice. Myself and my partner are first time buyers looking to apply for a mortgage within the coming weeks. Over the past year we have managed to save £25k for a deposit, however it is all in shares. Although we can take this money out now, it would grow a lot more if we left it as shares in the company and took it out only when we were about to make an offer. My question is, would we be able to show the mortgage company our share certificate and get a DIP and just withdraw the money when we decide to make an offer? Or would we just have to take the money out when we apply for a mortgage?
Also just a side note; our combined income is £39500 and looking to borrow £150k.
Thank you.
I am just wondering if anyone can offer me some advice. Myself and my partner are first time buyers looking to apply for a mortgage within the coming weeks. Over the past year we have managed to save £25k for a deposit, however it is all in shares. Although we can take this money out now, it would grow a lot more if we left it as shares in the company and took it out only when we were about to make an offer. My question is, would we be able to show the mortgage company our share certificate and get a DIP and just withdraw the money when we decide to make an offer? Or would we just have to take the money out when we apply for a mortgage?
Also just a side note; our combined income is £39500 and looking to borrow £150k.
Thank you.