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Mortgage advice: wanting to move house and borrow more, where should I start?
advice_please_2
Posts: 461 Forumite
Where do I start for enquiries, should I go to current lender (Nationwide) and ask them, other mortgage advisors etc.
Wanting to borrow more when we move.
Will have equity from sell of current house, but main concern is we put all spend on credit card which I pay off full each month but equates to my month salary recently, with large purchases each month be it cooker replacement, furniture, holidays etc.
Currently have a £90k mortgage, quick Nationwide calc says we could borrow up to around £200k, so am looking at an additional £100k, which we should be able to afford based on calc, less our recent monthly large spends etc.
Wanting to borrow more when we move.
Will have equity from sell of current house, but main concern is we put all spend on credit card which I pay off full each month but equates to my month salary recently, with large purchases each month be it cooker replacement, furniture, holidays etc.
Currently have a £90k mortgage, quick Nationwide calc says we could borrow up to around £200k, so am looking at an additional £100k, which we should be able to afford based on calc, less our recent monthly large spends etc.
0
Comments
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What is the current market value of your property? What is your current gross income? Do you have any savings? How are you going to afford the increased monthly payments for a 200K mortgage if you currently spend all your net salary on credit card repayments?"You were only supposed to blow the bl**dy doors off!!"0
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