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Mortgage Question....Advice Required

Hi,

If I sell my house and pay off the mortgage balance, I will be left with approximately 10% profit.

Would I then be eligible for a FTB mortgage on the basis, I have no mortgage and house to sell ?

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You would not be a FTB

    Allthough there are very few FTB deals.

    LTV, salary multiples, and debt determne what rates you pays

    10% or less deposit will limit your choices a lot.
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