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Advice, please
juloel
Posts: 3 Newbie
Hi, am new to this... have a fixed rate mortgage with santander expires end of oct 2012, current mortgage 170k, house up for sale, want to down size mortgage to 130k, have about 66% equity and good credit history (nothing adverse) but santander will only lend 60k if we move as wont consider tax credits and income from other rented property, any advice? many thanks.
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Comments
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Sorry simple answer, but go to a lender that will.
Santander are not best priced iny case..
Good luck..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.0 -
We are now in july so if you do get a buyer make sure you dont sell until october when the fixed deal finishes.0
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Who have you spoken to? Abbey will normally allow tax credits.I 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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