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95% Mortgage with Halifax - Existing Lender
darrenmcneill
Posts: 30 Forumite
Morning all.
My Partner has an existing mortgage with the Halifax, and we are currently looking to move house due to the birth of our 2nd child. We will have £15,000 from equity and savings (although more likely £11k once all fee's have been paid). We are looking at a property at £139k, and are unable to raise 10% deposit. Does anyone know if the Halifax would consider a 95% mortgage to an existing lender?
Background details:
• Current property to be sold for £85k with £10k equity
• £5k additional Savings
• Mortgage will remain as a Sole mortgage using my partners details due to my current debt management plan (this does not affect my partner).
• Property that we are intrested in is £139k
Will being a current lender help the situation, or does it have a minimal affect?
Help appreciated.
Darren
My Partner has an existing mortgage with the Halifax, and we are currently looking to move house due to the birth of our 2nd child. We will have £15,000 from equity and savings (although more likely £11k once all fee's have been paid). We are looking at a property at £139k, and are unable to raise 10% deposit. Does anyone know if the Halifax would consider a 95% mortgage to an existing lender?
Background details:
• Current property to be sold for £85k with £10k equity
• £5k additional Savings
• Mortgage will remain as a Sole mortgage using my partners details due to my current debt management plan (this does not affect my partner).
• Property that we are intrested in is £139k
Will being a current lender help the situation, or does it have a minimal affect?
Help appreciated.
Darren
Finally Debt Free - November 2014!
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