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Increase mortgage refused

As people may know.  I have around £40k of debts am working my way to pay (have never missed payments) 

anyway we now need a bigger house.  

At present I owe £90k on my mortgage my home has been valued at £115k with estate agent saying £120k I will get

next house is £130k, however bank have said no they will not increase my money available to move.

can a mortgage broker help, or am I stuck with the bank.  

Purpose of moving is.  A bigger home and also make a debt in the debt.  

Can anyone advise 

Comments

  • Neutrinno
    Neutrinno Posts: 310 Forumite
    Seventh Anniversary 100 Posts Name Dropper Photogenic
    Yes a mortgage broker can look over other banks and building societies and see if anyone is prepared to lend what you require.
    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.
  • Caperboy
    Caperboy Posts: 8 Forumite
    First Post
    Thank you for the above comments 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Shifting debt onto the mortgage isn't a solution. Just defers the problem potentially. 
  • Caperboy
    Caperboy Posts: 8 Forumite
    First Post
    I need this to get me back on top
  • Caz3121
    Caz3121 Posts: 15,854 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    what position are you trying to get to?
    current mortgage £90k + £40k debts = £130k liabilities
    new mortgage £117k (assuming 10% deposit) + £28k debts (assuming using some of equity to pay down) = £145k liabilities
    or something similar?
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