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Mortgages and unsecured debt
Comments
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How does your deposit compare with your debt? Is the debt larger than the deposit, ie does it look like you borrowed your deposit?0
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Hi folks, just to let you know the outcome of this. Some lenders now use a 50% unsecured debt to salary ratio (e.g. Woolwich, Post Office), whereas others base it on affordability (Bank of Ireland, Halifax). When talking to Woolwich, some of their staff weren't even aware of this.
p.s. I''ve been credit scored and all seems to have gone OK with the mortgage, for now. Full application in. Wish me luck
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Good luck with the application.
May I ask which lender?0 -
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[quote=[Deleted User];68721767]some of their staff weren't even aware of this.
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There's no need to. As they aren't the ones that decide whether to offer you a mortgage or not.0
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