mortgage

unstablemabel

hi

I have a small amount to pay on my mortgage and want to buy a cheap property I have seen in Ireland. I do not want to sell my house here at present and am looking for a provider who can let me remortgage my home for around £70k bearing in mind my house is worth around £180k I cannot see the problem apart from the fact my age is against me. I am working full time and have at least 10 years till I retire.
would I be able to get a loan for amount required and if so, how do I go about it. the bank wont let us re mortgage as my husband is not working but my earnings are such that it is immaterial, they have said they can take my husbands name off the mortgage but then he would have to move out!! bit drastic and don't see what difference that would make advice anyone please?
:rotfl:

kingstreet

Go see a good independent or whole market broker. Stuff like this;-

the bank wont let us re mortgage as my husband is not working but my earnings are such that it is immaterial, they have said they can take my husbands name off the mortgage but then he would have to move out

should tell you to speak to someone with a better handle on your needs. It's a pathetic response.

A remortgage involves you moving your existing mortgage to a new lender, possibly borrowing more in the process. Asking your current lender for more money is additional borrowing, or a further advance - not a remortgage. This is normally more difficult than a remortgage.