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Should I be worried.
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borich
Posts: 79 Forumite
We are looking to exchange/complete towards the end of next week.
Mortgage 1 150k for new property
Mortgage 2 70k re-mortgage BTL from my property to provide deposit.
Since I had the official mortgage offer I had to top up my existing loan by 2k to cover structural survey costs etc and works on property two raised by survey. All thats sorted and no retainer on mortgage offer for the BTL.
Mortgage 1 was a joint app with the wife and I and at the time she was in her job less than 3 months so they couldn't take on board. Since then there has been the change of my loan being 2k more, but my wife income can now be counted as 3 months has passed. i'll pass the payslips and loan details onto broker Monday. I did confirm that when I applied for Mortgage 1 I would be using money from mortgage 2 to pay off loan.
I'm just worried they will do another credit check and this might flag an issue up..
Mortgage 1 150k for new property
Mortgage 2 70k re-mortgage BTL from my property to provide deposit.
Since I had the official mortgage offer I had to top up my existing loan by 2k to cover structural survey costs etc and works on property two raised by survey. All thats sorted and no retainer on mortgage offer for the BTL.
Mortgage 1 was a joint app with the wife and I and at the time she was in her job less than 3 months so they couldn't take on board. Since then there has been the change of my loan being 2k more, but my wife income can now be counted as 3 months has passed. i'll pass the payslips and loan details onto broker Monday. I did confirm that when I applied for Mortgage 1 I would be using money from mortgage 2 to pay off loan.
I'm just worried they will do another credit check and this might flag an issue up..
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