Help please

homer_j_3

Scott wrote: »

It is indeed, I think titled "What happens if you do not want this mortgage any more?".

Thanks lol

jamiestoddart

homer_j wrote: »

there will be an admin fee also I am guessing so you will probably need a deal that can save you 1k if you are to move mortgage. If ING wont lend to you on the new house then its not about saving money, its about getting the best deal from the lenders that will consider a 5 x income stretch.

You will also have to consider selling fees (estate agency costs, legal costs) and buying fees (Val fees, arrangement fees, legal fees, stamp duty etc) out of your equity so will you now need more than 100k?

hopefully not??? not going to offer 158k going to start at 150k and take it from there, any particular lenders that u would recommend?

homer_j_3

its really difficult to say with limited information and not knowing your full circumstances. I would firstly call ING and explain what you are thinking of doing.

Tell them that you want to speak to someone just to run through the figures to see if the income fits etc. You do not want to do a credit check at this stage as it is often fairly easy for them to see if they can help without going through a full app.

If they can - I would look to try and transfer your mortgage with them as it will prob be very difficult to beat on the rate you quoted with fees to be paid.

If they cannot, I would go and speak to a broker because they will be able to assess your needs and give suitable and appropriate advice.

jamiestoddart

homer_j wrote: »

its really difficult to say with limited information and not knowing your full circumstances. I would firstly call ING and explain what you are thinking of doing.

Tell them that you want to speak to someone just to run through the figures to see if the income fits etc. You do not want to do a credit check at this stage as it is often fairly easy for them to see if they can help without going through a full app.

If they can - I would look to try and transfer your mortgage with them as it will prob be very difficult to beat on the rate you quoted with fees to be paid.

If they cannot, I would go and speak to a broker because they will be able to assess your needs and give suitable and appropriate advice.

if i speak to ing will it cause me problems, cause then they will now that my wife is now not earning although she was at the time of taking out the mortgage.

homer_j_3

no - they wont do anything to your exisiting mortgage - if it makes you feel more comfortable then say you were thinking of moving and your wife has been talking about giving work up but before you make any decision on what you want to do, would the figures work..

jamiestoddart

homer_j wrote: »

no - they wont do anything to your exisiting mortgage - if it makes you feel more comfortable then say you were thinking of moving and your wife has been talking about giving work up but before you make any decision on what you want to do, would the figures work..

i'll give it a bash in the morning! cheers