It sounds simple right? You know how much you earn each week, you’ve been working overtime for months, or working a second job. You have plenty of savings and yet the bank doesn’t seem to want to approve you for the loan amount you require.
You may be surprised to know, that different banks will view your overtime or second job income differently to one another. Some banks will accept these incomes once they have been earnt for a three month period, whilst others will make you wait an entire two years before they will accept that you are actually earning this money and can afford your loan!
This can be very disheartening for those whom are trying to get ahead in life and feel as though they are being knocked back at every step.
This is why it is important to speak to someone whom has a range of lenders on offer, and whom really understands each lenders policies. The last thing you want to do is to apply to several banks in a row as this will only make things worse!
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