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Mortgage advice when getting new property
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powerful_Rogue
Posts: 8,333 Forumite
Hi,
Hoping someone maybe able to advise!
Curenrtly got our house on the market (3 days) and seen a property we both love.
To secure this house, I was wondering whether I can borrow additional money on my mortgage (£82,000) is allowed, and use that along with the mortgage in principle I have for the remainder.
Then once our current house sells, clear the entire mortgage, leaving just the one on the new house.
The other half has just spoken to a mortgage broker, who said it would work out expensive having a second residential mortgage. She didn't know what to ask and I'm at work.
Any advice at all?
Hoping someone maybe able to advise!
Curenrtly got our house on the market (3 days) and seen a property we both love.
To secure this house, I was wondering whether I can borrow additional money on my mortgage (£82,000) is allowed, and use that along with the mortgage in principle I have for the remainder.
Then once our current house sells, clear the entire mortgage, leaving just the one on the new house.
The other half has just spoken to a mortgage broker, who said it would work out expensive having a second residential mortgage. She didn't know what to ask and I'm at work.
Any advice at all?
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