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has lost her 2nd job since last application.
geoffky
Posts: 6,835 Forumite
M y wife's friend is in a pickle. when she last applied for remortgage she had a second job and earned far more than now..she has a mortgage of 61k remaining but only now earns 13.5 k a year and she also owes 1k on a credit card... she is worrying about it and thinks she should not tell them about the change in circumstances... are they likely to be bothered with these figures...single household....
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
0
Comments
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There is no need to tell your current lender
You only need a lender if you are in the process of making an application for a mortgage - as that is a material fact that impacts on the lending decision
As she already has the mortgage, she just has to worry about meeting the mortgage payments on the one income nowI am a Mortgage AdviserYou 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.0 -
your thank you button has gone west...so thank youIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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