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Getting a Mortgage 2010 on a PhD Bursary
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Im going to see a mortgage broker on Saturday and really hoping that they understand the nature of the bursary. Im hoping to buy a house with my boyfriend. He already owns a house, so is planning on renting that out. Therefore it is really important that a bank will take my bursary into account to give us any chance in sercuring a mortgage. Ive got a letter from our graduate studies board and am hoping that they will also write me a letter describing what the bursary is intended for (ie not tuition fees!). Ive also done some teaching, although only earned £500 so have pay slips and a P60 for that.
It's good to see that some banks are willing to take the bursary into account, I rang 5 banks, and only 2 (HSBC and Natwest) would even consider the bursary.