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Mortgage advice please HELP!
Comments
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Sorry, scraping the barrel now as honestly cannot get my head round it. If one item has been keyed incorrectly, it will give a false return...
Only remaining option is that the Woolwich isn't interested in the new business. Given that the OP has a right to port terms on the existing mortgage. So only get out is a low offer. As there is no reason for decline based on credit rating.0 -
We are seeing a financial adviser next week, but just wanted a quicker opinion.
No csa, no car finance, nothing at all....
What we 'Asked' for was to keep the £32,000 & have an additional £50,000.... They suggested we keep the £32,000 on the old rate then they would loan only £25,000 on top on a new mortgage.
I'm sure we could get a loan for the rest, but it's a bit frustrating as we'd prefer to just have the 1 debt & after years of saving never missing a mortgage payment & being 'well behaved' on credit record... We can't see why they wont give him a little more.0 -
A decent adviser will sort this out with Woolwich for sure...
There will be options elsewhere which will be a lazy solution. You should be able to get this through will Woolwich, so your FA should sort.
All the bestI 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 -
As previously advised just make sure you engage a "whole of market " broker-the answer is there and they should be able to find it for you.
Don't rely on a bank that you think may give you an offer based on your previous "loyalty".It just does not happen these days.
Good Luck.:)0 -
Somethings odd......only last week Barclays/Woolwich offered me 4.4x salary(as that was the max I needed) and the guy said its quite common for them to go that high?
Personally I think its too high but not according to the bank.0 -
Do you have a reserve on your exiting mortgage.
I wonder if they were lazy and just looked at your pre approved.
Don't forget the costs of moving.
Was £130k a fast sale valuation.
What rate does the current deal go from/too in two years?0
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