We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can we get a mortgage to move?
Options

dadsie
Posts: 1 Newbie
We own a house worth £130,000 with a mortgage left of £65,000. We would like to move to a different area but keep the house so my husband can come back to work here 3 days a week. It has three bedrooms so the idea is to rent out the other two rooms. The problem is i'm not sure if we will be able to get a second mortgage. I am currently self employed after being made redundant and my husband has his own business. The business has only been going a few years so the profits aren't worth showing but he also founded a charity a couple of years back and is paid a £30,000pa wage from them. He is not a trustee of the charity but i'm worried that as he founded it the banks will not accept this as a proper wage.
I'll be looking for a job as an architect when we move but as we have a young child I obviously can't get a job in another area whilst she is at school up here and it is too far to commute.
Can anyone advise?
I'll be looking for a job as an architect when we move but as we have a young child I obviously can't get a job in another area whilst she is at school up here and it is too far to commute.
Can anyone advise?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards