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I wanted to ask advice on the following. We have just applied and received a second charge mortgage on our property. It was for debt consolidation. However. We now want to sell our house and move to a new property with a larger mortgage. (Within our affordability range) However when we come to apply for a new mortgage will the fact we've just done a second mortgage count against us? Even if the new mortgage would easily clear the two current ones and leave plenty of equity. We have a agreement in principle. But that won't see the hard search on my credit file for the second charge m
Hi All,I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has been furloughed and this mortgage offer has since expired. We therefore haven't exchanged and will be unable to do so without a mortgage offer. We are trying to arrange for another mortgage offer but despite being way under the possible affordability threshold of our mortgage
Recently opened up a joint bank account with another investor only to find out he has "adverse credit". I did obtain his credit report prior to doing so and his credit score was average. I did notice he had a couple of late payments back in 2013 but i didn't think anything off it. It recently come to light when my mortgage broker was trying to apply for a decision in principle in our joint names to find out he is being branded as "adverse credit". My broker advised me to close the bank account immediately and so i have done. The account was only active for about 12 days