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Switching deal or remortgage
Benno1983
Posts: 82 Forumite
Hi Guys,
I'm looking at taking out a new mortgage deal. I'm currently with the Halifax. We pay £607 a month. My partner earns £36500 per annum and i earn £29000 per annum. We have recently got married and would like to clear some of our debt which accumulated from the wedding and honeymoon. Our house is valued at £185000 and we have £122500 remaining. We have about £25000 debt with two loans and credit cards to clear. Do you think we have any chance of putting the cards and loan on the mortgage?
Any thoughts would be most appreciated.
Many Thanks
I'm looking at taking out a new mortgage deal. I'm currently with the Halifax. We pay £607 a month. My partner earns £36500 per annum and i earn £29000 per annum. We have recently got married and would like to clear some of our debt which accumulated from the wedding and honeymoon. Our house is valued at £185000 and we have £122500 remaining. We have about £25000 debt with two loans and credit cards to clear. Do you think we have any chance of putting the cards and loan on the mortgage?
Any thoughts would be most appreciated.
Many Thanks
0
Comments
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Turning short-term unsecured debt into long-term secured debt is not a good idea.
You may be able to get a further advance and product transfer from Halifax or remortgage elsewhere.
A chat to an independent broker who could do both for you, or advise other alternatives would be a good idea.I 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
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