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Help me get mortgage ready!
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However, if you pay it down to the point there are less than twelve months left to pay at completion, it will be excluded from affordability.daisy23169 wrote: »having spoken to my loan company they've advised that paying off a lump sum will only reduce the repayment term, not the monthly paymentsI am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Another thing to make the process easier for you is save al your bank statements from your current account and savings accounts and keep your payslipls from now until you apply. It will save you a lot of running around and phoning banks/employers to get them at the last minute!0
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