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What Is The Most I Could Borrow.
papaver
Posts: 24 Forumite
HI
I have a mortgage with the Halifax, which ends in Jan 2011, I am intending to just remortgage with them with whatever their best offer is at the time.
They valued my house at £357.000 two years ago, I have done some work since then, plastering, new garage barn doors, painting all of the outside as well as some other jobs - had it valued two weeks ago, and the EA put a figure of round about £365.000 - its a farm house with 4 acres of land.
My question is, what is the most I can borrow against the property on a mortgage from the Halifax.
By the way, no missed payments, no CCJs, or anything else.
Thanks
Poppy
I have a mortgage with the Halifax, which ends in Jan 2011, I am intending to just remortgage with them with whatever their best offer is at the time.
They valued my house at £357.000 two years ago, I have done some work since then, plastering, new garage barn doors, painting all of the outside as well as some other jobs - had it valued two weeks ago, and the EA put a figure of round about £365.000 - its a farm house with 4 acres of land.
My question is, what is the most I can borrow against the property on a mortgage from the Halifax.
By the way, no missed payments, no CCJs, or anything else.
Thanks
Poppy
0
Comments
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Certainly no more than you currently have outstanding with them. I wish you luck. Are you self-certifying income again? Are you still claiming Working Tax Credits?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
HI
I have a mortgage with the Halifax, which ends in Jan 2011, I am intending to just remortgage with them with whatever their best offer is at the time.
They valued my house at £357.000 two years ago, I have done some work since then, plastering, new garage barn doors, painting all of the outside as well as some other jobs - had it valued two weeks ago, and the EA put a figure of round about £365.000 - its a farm house with 4 acres of land.
My question is, what is the most I can borrow against the property on a mortgage from the Halifax.
By the way, no missed payments, no CCJs, or anything else.
Thanks
Poppy
Best thing to do is to speak to Halifax and ask them, and visit a 'Whole of Market' broker to see if there is a better deal than Halifax.
What is the current mortgage balance? What is your income?I 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 -
you can borrow up to 80% of your homes value in theory. In practice it will all come down to affrdability and income/expenditureI am a Mortgage Adviser
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.0
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