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Mortgage offer too low ...

pinkladyjune11 · 2007-02-05 13:16:14

My husband & I are buying a house and need a mortgage of at least £111,000 (ideally want £117,000). We have been through whole process with ING only to be told that they will only lend us £102,000, due to husband's £20,000 loan & credit card debt. I have no debt. Salaries are £22k and £24k I am guessing the ING offer is…

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AndrewSmith Posts: 2,871 Forumite

1 March 2007 at 3:46PM

I am guessing the ING offer is low because they are new to mortgage business - online calculators for other mortgage companies offer us much more.

Of course they do.

Online calculators are nothing more than a marketing tool used by the lender. They are geared to try and entice the borrower in to make an application. Therefore they are always going to show a very generous lending ability.

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Mortgage offer too low ...

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