exaggerating your income to get a mortgage

Nothing wrong with making your CV suit the job you are applying for, so long as it remains truthful.

A person may have a lot of experience in all sorts of areas. Giving exhaustive details of *everything* would make the CV ridiculously long, and it would not get read. Expanding on only those areas of your experience which could be relevant to the job you are applying for and giving a very brief summary of the rest makes perfect sense to me.

rot.

rot.

Let's say you have experience as a programmer, analyst & project mangler.

You're applying for a job as one of the above. Is it lying to emphasise one over the others?

My wife has three versions of her CV. Is she a liar? My friend's gf has four. Is she a liar?

And are Equifax bright enough to actually understand CVs, particularly technical ones? Can they cope with rewordings? Homonyms? Acronyms? I doubt it, as most recruitment agents can't, even in the areas they (cough) specialise in.

If I found out that some bunch of self-appointed busybodies called me a liar behind my back, I'd sue the scumbags out of existence.

The UK average house price is above 130,000 which is ~5 times average earnings.

Well true but the house prices are much higher, I would imagine people are paying as much as they can afford or close to that limit.

Tme minimum wage is 4.50 about 9,500 even at 3..5 X income (which is pretty high in my opinion) you are well under 40K which won't get u anything habital in my area. I would imagine.

Like the serious damage caused by irresponsible lending in the late 80's early 90's when lenders were lending people 5 times their income? Lending huge ammounts ar the top of the market. Like I said there is no real risk for the lender at all. For there to be risk the lender would have to see a 15-20% drop in the properties value, if this happened the borrower might default on the loan anyway. The finiancial institution are a bunch of overpaid wankers anyway, who don't know thier arse from their elbow. They would stave if they had to make a living in the real world. If you want evidence of that take a look at your pension, or what is left of it. They would not notice 20 billion pounds missing froma balance sheet if it was highlighted with a big red marker pen.

"Hognoxious" wrote in message news:3fa7ffdc$0$27756$ snipped-for-privacy@reader3.news.skynet.be...

YES

YES

Depends on the policy I guess, I suspect they just protect against a fall in the value of the property's value. Anything else would complicate. There real risk is a market slump, not someone over declaring their earnings. As property value falls are so rare its not usually a problem.

If for example you pay 50% your income of income on mortgage payments at both 4% and 10% interest rates, I am pretty sure it will cost you much more in the long run at 4%, probably twice as much. I don't have the time to work out the exact figure (at the moment).

Not me, I am pretty honest. However I once worked for a firm of contractors and my CV was tarted up (falsified ) and sent out to clients without my permission.

Most Companies do not charge a MIG up to 90%,

Most Self Cert Mortgages are less than 90% LTV.

The lenders excess on a MIG is usually at least 20%.

Thats the risk. Chances are the compnay will not have a MIG, even if they do they need to pay the first 20%

I used to work in financial services about 20 years ago. I saw what went on. I knew the only guaranteed winners in the pensions industry were the salesmen and the pension providers. Thanks to the insight that period gave me, I've never been foolish enough to 'invest' money in a private pension. I'd sooner flush a couple of hundred quid down the loo every month; it would save postage.

Fine. Whatever. If you wish to go on living in ignorance of what goes on then that's your business and no skin off my nose, m8!

"Well said young man" (in a Brian Clough style)

half_pint.

How am I in ignorance of what's going on?

Are you going to answer the points I made or not?

Going through a contract company does tend to have your CV changed. Just one of those things... but at least you can deny all knowledge of it since you will not officially se... and for that matter neither the money they charge the company concerned and what you actually receive.

Axel

"Hognoxious" wrote

He's got nothing to say against them, because they are all valid.

"half_pint" wrote

"half_pint" wrote

How can you possibly know that someone has lied on one/more CVs, just because the CVs happen to say different things?

Simplistic examples:

"CV" 1: Brown hair, 30 years old.

"CV" 2: 5feet 11 inches tall, blue eyes.

These two "CV"s are different. On which is the person lying??

"half_pint" wrote

That may be true, but it is not the point!!!!

The chances of unemployment would mean that almost ANY multiple maybe "too much". But ignoring unemployment, the multiple can surely (safely) be higher when interest rates are lower??

Just because :- (a) it would effectively cost more in the long run (which doesn't affect safety of payment); and (b) the proportion of income being used-up would not fall as quickly (which also doesn't affect safety of payment - remember, we are ignoring unemployment), ... then that does not mean that someone who can afford to pay 50% of income, CAN AFFORD to pay 50% of income!! Either they can or they can't - if they can, THEN THEY CAN!

What would you expect from a kiss & tell, trinket pilfering butler?