I think we won't be able to buy at all. Please help.

mrsmortgage

Good news! He said it's fine to keep the credit cards as long as I can raise 15% deposit, which I can. So catastrophe aborted

mrsmortgage

After doing a lot of maths and not being able to sleep well... I've come to the conclusion that yes I've you have understood the lingo of the "Max LTV". However, and correct me if I'm wrong, when the purchase of the other house gel through a recalculation of deposit and monthly payments should have been given by my broker and that never happened. If that had happened we would have spotted this a lot earlier. It also comes at the worst of times as I'm about to give birth anytime.

MortgageMamma

Your broker should break down the entire transaction for you. When I deal with any client, not just first time buyers I put it in an email (table) and break down every bit of foreseeable expenditure. It saves problems like you have just experienced. It sounds like you have either a sloppy or very inexperienced advisor, maybe use another for your next mortgage!

Try not to stress too much now, you have the little one to think of and I know what its like trying to buy a house when you are just ready to have a baby. Make sure your adviser pays proper attention to your life assurance etc as buying a new house and having a new dependant increases your need for life assurance etc. If you are not happy with the adviser there are plenty out there that will just be happy to do your insurance advice.