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By (user no longer on site)
over a year ago
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"It's simple.. I'm looking at a new mortgage after a marriage break up. Would they let me consolidate debt into my mortgage? I earn a decent salary. "
...salary doesnt mean a lot anymore.. It's all about repayment capacity... ie. What's left over to comfortably repay the proposed borrowing and it's generally stress tested at interest rates of 7 or 8%.
Costs nothing to ask them. Best of luck  |
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In Northern Ireland the mortgage criteria (loan to value etc) is less restrictive but consolidation is still frowned upon. You're unlikely to get more that 90% loan to value which means that you'll require a deposit and any loans will reduce the amount you can borrow. It will all boil down to how much you want to borrow so you'll need to ask around the lenders. |
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By (user no longer on site) OP
over a year ago
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"In Northern Ireland the mortgage criteria (loan to value etc) is less restrictive but consolidation is still frowned upon. You're unlikely to get more that 90% loan to value which means that you'll require a deposit and any loans will reduce the amount you can borrow. It will all boil down to how much you want to borrow so you'll need to ask around the lenders."
hi the house is cheap! I can get 5% deposit. But I'll see! I'm
Thinking in ideal world lol |
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