appealing mortgage application

tiggy748_2

stebiz wrote: »

If you are moving areas certainly try renting in Withernsea rather than buying. We went there last year for a few days and spent more money on petrol travelling out than we did spending whilst we were in. It was tired, a population with an average age of 105 and not a lot to do.

With three dogs, two horses, a boat and motorbike we have plenty to do. We want to be near the coast for lifestyle but dont want a 200k flat! Besides the money we would save with a 30K mortgage.... dribble.

shame they wouldn't all sell for 30K! anyone want a kidney?

stebiz

tiggy748 wrote: »

With three dogs, two horses, a boat and motorbike we have plenty to do. We want to be near the coast for lifestyle but dont want a 200k flat! Besides the money we would save with a 30K mortgage.... dribble.

shame they wouldn't all sell for 30K! anyone want a kidney?

Good luck.

Thrugelmir

tiggy748 wrote: »

Yep i realise this - would like to take the 3.5% with us. Cant say id understand why a bank would continue risk of loaning 78K when they could take a lesser risk at 30K with a lower LTV rate.

Lenders can only call in your existing debt if you break a contract condition. So as long as you you pay your current commitment the status quo will be maintained.

With new lending and the way things are shaping up for the future. There's where the impact is being felt.