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Switch mortgage same lender but lower income
feadie66
Posts: 8 Forumite
Hello I wonder if anyone can help me?
I am currently with Halifax on SVR and looking for a better deal with them. However my income is much lower than when I originally took out the mortgage - its tiny! and its not enough to justify my current loan.
I have an LTV of 50%
Thanks
I am currently with Halifax on SVR and looking for a better deal with them. However my income is much lower than when I originally took out the mortgage - its tiny! and its not enough to justify my current loan.
I have an LTV of 50%
Thanks
0
Comments
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That shouldn't be an issue if you remain with the same lender. As it's a product not a mortgage switch. Your "mortgage" is the charge the bank holds on your property to secure the debt.0
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Thanks - I was worried that if I flagged up my income to them that they would somehow reduce my loan0
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