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How to split "The Iceberg"....?

moegreene · 2020-11-20 11:06:20

Hi all. So, in brief we have a large mortgage. Like, big (£800k). We call it "The Iceberg". We pay it each month standing on our heads, but that's not the point here. The point is, it's big and crucially it's a giant chunk of debt with one lending house. This makes me nervous for multiple reasons: * a) we can't go through…

Comments

edinburgher Posts: 14,028 Forumite

24 November 2020 at 11:12PM

@moegreene - I'm not sure I agree with your belief that unsecured debts aren't factors that meaningfully affect your mortgage afffordability. Of course a £100k loan when you're looking to borrow £500k (for example) is a consideration. Also, you don't "forget" debts when remortgaging, because you agree to a credit check and such things are easily discovered...

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