Rosa
20-03-2008, 06:54
HI,
my partner and I have just been knocked back on our first home loan application beacuse apparently too much of his income is reliant on his LAFHA.
He has been with his employer for 1 year and has consistenly been paid $1800 or more a week in the bank but about 1/2 of this is overtime and LAFHA. WE have a letter from his employer stating this will not change.
Unfortunately I have only been back at work for 1 month so can't include my income in the mix as yet.
We are only looking at borrowing $265K. We are both now so disapointed as this situation is unlikely to change.
Can you suggest any lenders who might be more lenient on these terms with the LAFHA or anything else which might help us.
Thanks in advance.
Rose
my partner and I have just been knocked back on our first home loan application beacuse apparently too much of his income is reliant on his LAFHA.
He has been with his employer for 1 year and has consistenly been paid $1800 or more a week in the bank but about 1/2 of this is overtime and LAFHA. WE have a letter from his employer stating this will not change.
Unfortunately I have only been back at work for 1 month so can't include my income in the mix as yet.
We are only looking at borrowing $265K. We are both now so disapointed as this situation is unlikely to change.
Can you suggest any lenders who might be more lenient on these terms with the LAFHA or anything else which might help us.
Thanks in advance.
Rose