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goldbug9999

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As noted on another thread I apparently have a maximum possible 999 credit rating.

So I decided for a laugh, and since I've toyed with the idea of throwing around some "cheeky" offers in my area, I decided to see what I get offered in terms of a pre-approved mortgage.

Well one hour from making a call to specialist contractor morgage broker, who I told I was looking at borrowing 200k or so I received by email an offer-in principal for the halifax for ... over £700,000 :blink: @ 2.7% variable for 2 years. This is about 6 x my gross income, I've no idea what planet they are on really. I guess they thought the relatively modest x2 income I was looking was giving me far too much control of my own destiny ...

Edited by goldbug9999

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As noted on another thread I apparently have a maximum possible 999 credit rating.

So I decided for a laugh, and since I've toyed with the idea of throwing around some "cheeky" offers in my area, I decided to see what I get offered in terms of a pre-approved mortgage.

Well one hour from making a call to specialist contractor morgage broker, who I told I was looking at borrowing 200k or so I received by email an offer-in principal for the halifax for ... over £700,000 :blink: @ 2.7% variable for 2 years. This is about 6 x my gross income, I've no idea what planet they are on really. I guess they thought the relatively modest x2 income I was looking was giving me far too much control of my own destiny ...

How much were you putting down as a deposit?

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As noted on another thread I apparently have a maximum possible 999 credit rating.

So I decided for a laugh, and since I've toyed with the idea of throwing around some "cheeky" offers in my area, I decided to see what I get offered in terms of a pre-approved mortgage.

Well one hour from making a call to specialist contractor morgage broker, who I told I was looking at borrowing 200k or so I received by email an offer-in principal for the halifax for ... over £700,000 :blink: @ 2.7% variable for 2 years. This is about 6 x my gross income, I've no idea what planet they are on really. I guess they thought the relatively modest x2 income I was looking was giving me far too much control of my own destiny ...

Imagine what they would offer you if you weren't on junior contractor wages! B)

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mods - could you move this to the 'off topic' forum under a new sub-forum entitled 'IT or other contractors that want to show off about their salaries in a really obvious tangential way and also mention gold a bit'

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mods - could you move this to the 'off topic' forum under a new sub-forum entitled 'IT or other contractors that want to show off about their salaries in a really obvious tangential way and also mention gold a bit'

:D:D:D

Yes...I agree. Stick the barstewards out of main stream....their income offends the rest of us.

Actually, these same people winge about Public Pensions. The lazy, over-paid, fat-arsed anchors.

Question..Why do IT consultants get paid so much? It can't be that difficult. I had no problem programming my Sinclair Spectrum.

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Why do IT consultants get paid so much? It can't be that difficult.

If you think its so easy to get these sorts of jobs , why dont you pop along to jobserve.com and get yourself one rather that bitching about it.

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mods - could you move this to the 'off topic' forum under a new sub-forum entitled 'IT or other contractors that want to show off about their salaries in a really obvious tangential way and also mention gold a bit'

+ 1

With an income like that im surprised he would need to think about borrowing £200k , thought he would have had it saved up by now.

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If you think its so easy to get these sorts of jobs , why dont you pop along to jobserve.com and get yourself one rather that bitching about it.

Now, now

Don't get all defensive, just because you earn squillions. I've nothing against you personally, but my mate Si and me, are gonna pick on you lot, because picking on the Publlic Sector is getting boring. :D

(PS What programming are you in...out of interest? Have you heard of MUMPS?)

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Now, now

Don't get all defensive, just because you earn squillions. I've nothing against you personally, but my mate Si and me, are gonna pick on you lot, because picking on the Publlic Sector is getting boring. :D

(PS What programming are you in...out of interest? Have you heard of MUMPS?)

Its something you catch in Hospital IT (showing my age here).

Edited by stormymonday_2011

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Its something you catch in Hospital IT (showing my age here).

Correct....Very impressed. Give that man a megabit medal.

(Does it still exist, or was it one of those 'I'm into IT so lets rip-off the NHS, I'm a highly paid IT consultant so trust me' type of languages?)

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+ 1

With an income like that im surprised he would need to think about borrowing £200k , thought he would have had it saved up by now.

Ive had a divorce (which cost me around 200k) and a recession (6 months no work) to cope with in the last couple of years.

Also lot of my cash is held in my company so if I draw more than a certain amount of it in any one year it puts me up a tax bracket - also some of my investments (e.g. ns&i) pay a lot more than the rate I can borrow at, at least for the initial 2 years.

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Correct....Very impressed. Give that man a megabit medal.

(Does it still exist, or was it one of those 'I'm into IT so lets rip-off the NHS, I'm a highly paid IT consultant so trust me' type of languages?)

Used to see it in job ads a decade ago but I am a bit out of touch now. Like many ancient programming languages it probably keeps one or two old timers in employment. Usually they are systems that people would love to ditch but are 'too important and too reliable' to replace with some of the crap that masquerades as IT now.

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Ive had a divorce (which cost me around 200k) and a recession (6 months no work) to cope with in the last couple of years.

Also lot of my cash is held in my company so if I draw more than a certain amount of it in any one year it puts me up a tax bracket - also some of my investments (e.g. ns&i) pay a lot more than the rate I can borrow at, at least for the initial 2 years.

200K ......Ouch.

But - sounds like you got off lightly mate. I've a friend who lost his business, house and car (and his sanity)

(ps...only pulling your plonker about IT mate....infact made my own pile in a kinda similar way - my own business and all that!)

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As is always the case.

'to the one who has, more will be given, and for those who don't, what little they do have will be taken away.'

The more income you have the higher the lending multiplier. I've seen this myself.

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As is always the case.

'to the one who has, more will be given, and for those who don't, what little they do have will be taken away.'

The more income you have the higher the lending multiplier. I've seen this myself.

Yes...It's a cruel cruel World.

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As is always the case.

'to the one who has, more will be given, and for those who don't, what little they do have will be taken away.'

The more income you have the higher the lending multiplier. I've seen this myself.

I suppose theres a certain logic behind it since with a higher income you can theoretically afford to spend a higher proportion of it on shelter and still be able to afford to eat. For me though a grand a month for shelter is some kind of psychological limit I guess because I try to keep my total basic living costs below 2k a month. That way I can take or leave any particular job that comes along, which perversely means I tend to get offered better rates. Money is weird that way - the less you need it, the easier it is to get it ....

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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