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Easier the second time around?

KAP0365
Posts: 178 Forumite

We bought our First house 5 years ago. Since then our salaries have increased to a joint six figures. Looking to move to our final home, and Natwest AIP is for a ridiculously high amount even though I have a high-ish cc balance (purchase price up to £715k apparently haha). Is getting a mortgage easier if you’ve already got one and been paying it with no problems as opposed to a first time buyer? I got so anxious when applying last time it almost puts me off moving. We have a good amount of equity in our current home and only looking for max 65% LTV but I’m still nervous about starting the whole process!
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It sounds like it may be relatively easy for you to get a mortgage, as a good record of paying your existing mortgage will go in your favour. What won't necessarily be easier is buying your next home. You will presumably be selling and buying at the same time, which adds more stress as you have a buyer as well as a seller, and the extra solicitor, mortgage, contracts, surveys etc etc that come with that. Are you less of an anxious person than you were five years ago? That will be the real determining factor in this enterprise. Take a deep breath and go for it, and just remember that all the stress will one day be in the past.Save £12k in 2025 #33 £2531.77/£5000 (If this carries on I might have to up my target!)
April take lunch to work goal - 3 of 122 -
Yes, agree with @KeepOnKnitting.
Buying and selling is always an utterly angst ridden time, i've moved a lot in my adult life and the whole process is only as fast as the slowest participent.
.......so that could be the solicitor, surveyor, seller, buyer....... their complacency affects everything.1
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