Boost Your Mortgage Chances

MSE_Helen_S

Hi!

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Boost your Mortgage Chances guide.

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Thanks folks,

pdrskint

I already have a mortgage with the halifax, i am wanting the same amount of mortgage but the new house is higher in value, i have a good credit score but low income, is their anyway i can just switch mortgages to new property,

TBeckett100

Have you played with their affordability calculator?

Landofwood

Generally a good article, but with some unnecessary assumptions and exaggerations.

Those that follow the guide will find it to be sound advice.

kingstreet

pdrskint wrote: »

I already have a mortgage with the halifax, i am wanting the same amount of mortgage but the new house is higher in value, i have a good credit score but low income, is their anyway i can just switch mortgages to new property,

No. A mortgage cannot be transferred from one property to another.

You may be able to transfer the rate from an old mortgage to a new one when you move house, but you need to satisfy the lender's affordability, criteria and valuation requirements as usual.