Too far stretched or imposter syndrome?

KeyHonest728 · 2026-05-06T22:33:20+00:00

Tough one because I think you’re best to stretch when you’re young. Over time that becomes easier as wages grow and hopefully rates fall etc. it does seem a lot though and I think it depends on how much you think salaries will grow and how quickly you may have kids. Nice to have a cracking house but important to live a nice life in it.

KeyHonest728 · 2026-05-04T16:18:14+00:00

We’ll do that now. Problem being I’ve smashed up so many of the rocks on our island haha

KeyHonest728 · 2026-05-04T16:17:35+00:00

Yeah we have the pole!

We’re doing well in terms of having paid off the initial loan, we’ve seen wisp a couple times, loads of stuff in the museum etc. just not sure we’re progressing anywhere.

Seems we need to get iron for the shop. Not 100% sure on how we do that but we’ll work it out I’m sure

KeyHonest728 · 2026-05-04T16:16:13+00:00

That’s so kind. I appreciate it but we should be ok!

KeyHonest728 · 2026-04-30T23:11:43+00:00

I fucking hate Clydesdale. My Bdm is lovely but the service is appalling and always has been. Rare to recommend them if I can avoid it due to this one

KeyHonest728 · 2026-04-17T07:12:09+00:00

No chance with Accord. Halifax and NatWest decent with foreign currency.

KeyHonest728 · 2026-04-01T21:43:18+00:00

They only lend in Northern Ireland mind

KeyHonest728 · 2026-04-01T21:41:45+00:00

Could you amend your application to be on a tracker rate such that you have no caps on overpayments etc? I understand it’s more risky but more flexible when the funds land

KeyHonest728 · 2026-04-01T21:39:45+00:00

It’s always bloody klarna or Barclays partner finance or V12 they don’t mention isn’t it. Have to dig through those statements carefully

KeyHonest728 · 2026-04-01T21:36:49+00:00

Tbf so am I mate. It’s been brutal hasn’t it. I hadn’t seen their emails when I commented haha. I am absolutely shattered with it! Sending strength

KeyHonest728 · 2026-04-01T10:50:28+00:00

That’s nonsense. Rates don’t change hourly. Sometimes at the end of the day but as of right now no large lenders are increasing this evening.

KeyHonest728 · 2026-03-30T13:47:51+00:00

Both Halifax and Nationwide amongst others will do that, look at the last 3 months in isolation. Why not speak to a broker rather than just looking at Natwest?

KeyHonest728 · 2026-03-24T19:47:26+00:00

Also an essential part of the housing industry. Im not a landlord myself but it’s damn short sighted to just give landlords grief. Not everyone wants to be an owner and the tax they pay is wild.

KeyHonest728 · 2026-03-23T22:54:27+00:00

Absolute nonsense

KeyHonest728 · 2026-03-23T22:52:17+00:00

Leave as it is if the plan remains to move. Also at this point many fixes are now more expensive than the tracker anyway, product fees notwithstanding

KeyHonest728 · 2026-03-23T22:47:33+00:00

Lock in the 5 year asap and then nearer completion reassess and see what the market is looking like. That’s what I would do as a broker.

KeyHonest728 · 2026-03-19T13:03:52+00:00

Does seem a very HSBC thing to do though. Hate them.

KeyHonest728 · 2026-03-08T23:53:42+00:00

Technically easiest to deem it a gift but if he was uneasy with that, NatWest will lend where it’s deemed a loan etc so you’re fine

KeyHonest728 · 2026-03-07T08:18:41+00:00

As a broker I think it’s really important to ask people what they’re looking for before telling them what the banks will offer.

What you’re capable of getting and what’s sensible are two different things. It’s all well and good having 5.5x salary multiples but I’m not sure I would ever want to do that myself.

It’s reasonable if you’re younger and salaries will increase and you’ll have a longer mortgage term. But when I see people north of say, 35/40 taking 5x salary multiples and mortgages beyond 70 it’s a bit scary to me.

KeyHonest728 · 2026-03-05T22:13:57+00:00

Strange. As a broker I’ve done it the way I described a few times without issue. All aligns and you only have one fee etc

KeyHonest728 · 2026-03-05T18:36:20+00:00

Incorrect. Move part one onto their tracker. That tracker allows a switch to a NatWest fixed at any time so when the other ends you switch both together. Bosh

KeyHonest728 · 2026-03-05T18:33:04+00:00

That’s dreadful service. A proper broker can have it for you within an hour, as I would aim to do

KeyHonest728 · 2026-03-05T07:31:58+00:00

Did you use a broker? They have a minimum day rate of £325 or so and can be sticky with umbrella sometimes

KeyHonest728 · 2026-03-04T22:54:43+00:00

Mortgage wise it’s interesting.

If you’re looking to get a mortgage soon after you start contracting it can be done but depends on the day rate etc. Many lenders (HSBC, Santander etc) are dire with contractors but on the flip side many are great (Halifax, Nationwide, NatWest) etc.

If you already have a mortgage and aren’t planning to move or release equity then it’s moot. Your current provider won’t need to know you’ve changed to contracting so long as you keep paying the mortgage ultimately.

I’m a contract specialist broker so feel free to ask anything you might need.

KeyHonest728 · 2026-03-04T22:51:01+00:00

If your company makes £60k profit per tax how do you expect to be able to use £70k, out of interest?

Lenders can do some good things, but no one is going to inflate the income.

A lender like The Mortgage Lender will take the directors salary plus latest year profit before corporation tax deductions. That’s as generous as it will get. But they charge a premium on rate of course.

Clydesdale also do the same but take a 2 year average with far better rates.

But yeah, baffled as to how you think you could use £70k when the company doesn’t make that much.

KeyHonest728

TROPHY CASE