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Hi Happydad-firstly I would ask your current lender whether they will remove your ex wife and add on your new partner. Although you have bad credit, you are already on the mortgage, so if you are bettering their position-ie. if your current partner earns a similar amount or more than your ex wife an...

hi tightasagnats, I'm not sure about other lenders but it sounds like Halifax would use this other income. They can take income from a fixed term contract so long as you've had the contract for at least 12 months with 6 months remaining. They would want to check it's sustainable and received all yea...

If you want to proceed with a small deposit, i.e. 5%, you need a fantastic credit report. You can complete the agreement in principle and find out but just based on what you've said I reckon you'll need a 10-15% deposit

Yes, you can use your equity for your deposit. Your solicitor handles all this on moving/completion day and ensures the equity from the property you've just sold that day goes to the deposit on your new house purchase. You can also use some equity towards fees, solicitors fees and estate agents fees...

Complete an agreement in principle! Its the easy way to find out where you stand! From what you've said there's nothing in particular that sounds like it will trip you up but it's hard to know. Some lenders may only use the income from your main job but this should still support the amount you want ...

Hi xxlouisexx, if you have got an agreement in principle that generally means your chances are pretty good- I say this in the best faith of course, I don't know your entire situation. Your broker will have completed a soft credit search already and this must meet the required standard for him to hav...

Hi travel monster, I'd speak to the bank- unfortunately negative equity happens and some banks will have a specialist team for this, they may be able to discuss options such as paying the extra as an unsecured loan

Hi Jambat, I know a lot of mortgage providers (Halifax included) do understand that there and sometimes debts which you plan to repay on completion with the mortgage funds which needs to be taken into account but cannot be repaid before you have the equity to do so. What they will usually do is writ...

The disadvantage of buying the new house before selling the current one is that you'll need a separate deposit- savings for example, to put down on the new house. You won't have the equity from your flat until after you've sold it. You also would need to be able to afford the monthly payments for bo...

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