Mortgage Advice - Knocking 2 Houses Into 1

dym2005

Help!!!!

We've made an offer to buy the house next door so we can knock ours and that one together.

My current mortgage is with Nationwide and is for about £33,000 - the house is now worth about £130,000. I'm tied to the mortgage until July I think.

I've also kept my old endowment policy going which should come out at about £25,000 in 13 years time.

We're looking to pay about £130,000 for next door, and will need a bit of extra cash for some work on the properties.

Earnings are around £40,000 at the moment but will be more when my girlfriend goes back to work in a month or so (so can't base the mortgage on her salary at the moment).

Does anyone know the best way to go about a new mortgage? Are we able to keep the existing one going and get a new one for next door or do we have to combine them? Are there any particular companies that are good for unusual circumstances like this?

We found out that we could have the house after 8pm tonight so haven't been able to speak to anyone yet as all the mortgage departments seem to close at 8pm. We intend to speak to a mortgage advisor tomorrow but wondered if anyone here has any advice in the meantime.

Thanks in advance.

JoeK_3

You will need a 4 x income mortgage with a lender that will allow you to have two mortgages.

Seems OK!

JoeK