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Mortgage application, brokers and unsecured debt

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TB123 wrote: »
    I have even got an agreement in principle from HSBC although considering the limited number of questions they asked I am not certain how useful it is.

    With your debt levels, none. As you are effectively borrowing the deposit.
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    I think you were hasty, but no-one can tell you what is right or wrong.

    If you absolutely can afford to service the unsecured debt and pay the mortgage payment, whilst having a buffer so you are not completely on the edge - then go for it..

    Do not, and please read this forum properly for why approach HSBC for this mortgage - it will be a sure fire way to lose the house.

    Find a decent, recommended broker as if you go back in for this house the Estate Agent will be all over you for proof of AIP, valuation etc. pronto..

    All the best
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
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