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  • FIRST POST
    • MSE Helen Saxon
    • By MSE Helen Saxon 12th Jun 14, 12:42 PM
    • 75Posts
    • 42Thanks
    MSE Helen Saxon
    Boost Your Mortgage Chances
    • #1
    • 12th Jun 14, 12:42 PM
    Boost Your Mortgage Chances 12th Jun 14 at 12:42 PM
    Hi!

    This is the discussion thread for the



    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.


    Thanks folks,
Page 1
    • pdrskint
    • By pdrskint 14th Jun 15, 5:13 PM
    • 99 Posts
    • 26 Thanks
    pdrskint
    • #2
    • 14th Jun 15, 5:13 PM
    • #2
    • 14th Jun 15, 5:13 PM
    I already have a mortgage with the halifax, i am wanting the same amount of mortgage but the new house is higher in value, i have a good credit score but low income, is their anyway i can just switch mortgages to new property,
    • TBeckett100
    • By TBeckett100 14th Jun 15, 6:09 PM
    • 4,462 Posts
    • 3,759 Thanks
    TBeckett100
    • #3
    • 14th Jun 15, 6:09 PM
    • #3
    • 14th Jun 15, 6:09 PM
    Have you played with their affordability calculator?
    • Landofwood
    • By Landofwood 14th Jun 15, 7:39 PM
    • 736 Posts
    • 627 Thanks
    Landofwood
    • #4
    • 14th Jun 15, 7:39 PM
    • #4
    • 14th Jun 15, 7:39 PM
    Generally a good article, but with some unnecessary assumptions and exaggerations.

    Those that follow the guide will find it to be sound advice.
    • kingstreet
    • By kingstreet 14th Jun 15, 8:00 PM
    • 31,455 Posts
    • 16,811 Thanks
    kingstreet
    • #5
    • 14th Jun 15, 8:00 PM
    • #5
    • 14th Jun 15, 8:00 PM
    I already have a mortgage with the halifax, i am wanting the same amount of mortgage but the new house is higher in value, i have a good credit score but low income, is their anyway i can just switch mortgages to new property,
    Originally posted by pdrskint
    No. A mortgage cannot be transferred from one property to another.

    You may be able to transfer the rate from an old mortgage to a new one when you move house, but you need to satisfy the lender's affordability, criteria and valuation requirements as usual.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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