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Moving home drop in income
Donce
Posts: 6 Forumite
Hi can any one advise me I selling my house 510k buying new 470k balance on mortgage 150k joint income 30k. Still in fixed rate deal till 2026 . 2 kids No credit cards or loans .I want to port the mortgage but it’s like new application with Barclays ,what a the chances for Barclays to decline and keep me in current property?
Thanks in advance for all info
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Comments
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Have you tried Barclays online affordability calculator to give you a guide as to how much they would potentially advance you.0
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Did that on standard Barclays calculator they will lend 157k then tried on Barclays intermediary calculator only 135kThrugelmir said:Have you tried Barclays online affordability calculator to give you a guide as to how much they would potentially advance you.0 -
4.5x joint income is the maximum in virtually all cases that all but a few lenders will lend so £135k.0
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Is that including council tax bills ?MinuteNoodles said:4.5x joint income is the maximum in virtually all cases that all but a few lenders will lend so £135k.0
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