We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Woolwich/Barclays Pre Approved Mortgage Limit
trombonewill
Posts: 12 Forumite
I'm looking to move to a bigger home. We have a mortgage with Woolwich who last time Fast tracked us due to having a Pre Approved Mortgage Limit as we bank with them.
This time I just want to port the mortgage to the new house and borrow an extra £40. This would be easilly afordable to us, however our income is lots of PAYE and some net profits from self employed. It would be much easier if we could stay with Woolwich/Barclays, especially as we are on 1.99%
Has anyone got experience of this in the past year?
This time I just want to port the mortgage to the new house and borrow an extra £40. This would be easilly afordable to us, however our income is lots of PAYE and some net profits from self employed. It would be much easier if we could stay with Woolwich/Barclays, especially as we are on 1.99%
Has anyone got experience of this in the past year?
0
Comments
-
Hi there,
Unfortunately for you, woolwich have stopped using this system recently.
Even though this used to be fast tracked, the income would still have needed to have stacked up and been within policy.
Woolwich do let you manually approve a complicated agreement in principle, but everything will need to be within criteria.
Good luckI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards