So I currently work from home for 2 days a week and was in the talks with my manager for a more flexible arrangement before he went on leave.
I just brought a place in my hometown so I can have a more convenient place to stay when I go home. If the talks go well with my manager, I'm hoping to be based out of there during the quiet periods at work, so I can help with the care taker duties for a sick parent.
The mortgage people have asked that I provide evidence that I will be able to work remotely. My acting manager will only provide a letter saying that 'staff are typically expected to be in the office 3 days a week. More flexible arrangements can be made with managers.'
I would argue that 3 days a week is the minority of the week, but my home town is in a different state, a 9hour drive or a flight away. So if I do that, my expenditure estimates would rise and my borrowing capacity would drop…
Has anyone else been in a similar situation? Or know what the typical minimum occupancy is for it to be an owner occupier loan?
As long as the place will be primary place of residence, have it on your driver's licence, as your aec address etc then really that's the key to get a cheaper OO loan rather than an investment loan
The mortgage people just don't want to miss out on charging you more.