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Large mortgage advice

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I am looking at remortgaging a substantial mortgage, where traditional income multipliers do not apply. Are there good specialist brokers out there? Thanks for any advice.

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  • Sorry late night
    I am a Mortgage AdviserYou 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.
  • Fairdo_2
    Fairdo_2 Posts: 442 Forumite
    As with many threads, if you are asking the experts here for help, we would normally need a bit more information to start the ball rolling for you.

    You say that you need a large ReMortgage that doesn't fit normal income multiples. I take it you mean that it is a stretch of your assumption to the general guidelines.

    Like I have mentioned on a few threads before, (I would link one if I knew how to!) some Lenders will work on Affordability instead of the traditional income multiples, some will look at the fact that you have maintained your existing mortgage without getting into difficulties and would consider that enough to prove responsible lending and some lenders may actually have income multiples above and beyond your assumption of the norm.

    What we would need is the fuller picture: Income(s), credit liabilities (monthly costs), Property value, Amount of mortgage outstanding and how much you want to borrow now (if different). That would be a reasonable starting point.
    I am a Mortgage Adviser
    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.
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