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Advice Re Whole Of Market Advisor!
FirstTimer4Me
Posts: 1,079 Forumite
My fixed deal is up for renewal.
I have visited a broker, although he was a not whole of market, however, I wanted to add in some outstanding credit with my new mortgage.
The broker looked around, and called me back stating he was unable to assist me.
Currently outstanding on mortgage: £77:000, outstanding debts on CC a) £6500 + b) £4000, + 2 loans outstanding £16000 on each.
Is it worth me looking for WOM advisor?
I should have added, that this is a joint mortgage, my salary £18000 + my partners salary £16000
I have visited a broker, although he was a not whole of market, however, I wanted to add in some outstanding credit with my new mortgage.
The broker looked around, and called me back stating he was unable to assist me.
Currently outstanding on mortgage: £77:000, outstanding debts on CC a) £6500 + b) £4000, + 2 loans outstanding £16000 on each.
Is it worth me looking for WOM advisor?
I should have added, that this is a joint mortgage, my salary £18000 + my partners salary £16000
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Comments
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what is the value of your property.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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
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Hi
Sorry, I should have stated it: £1200000 -
so your total debt = 119950 if I have read correctly
You earn 34k joint = 3.5 x joint salary, shouldnt be too hard.
Any bad credit, missed, late payments, defaults ccjs etc?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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 -
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as they will be gone you have no debts to reduce your borrowing capability to so I would say that a broker with a decent number of lenders to access will have no problem placing this for you.
You will pay a higher rate of interest though for not having 5% equity.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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 -
OK homer :beer:
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