F
Fluffymub
Guest
Hi there,
I am looking for ABM members to give me their opinion on the following situation:
My gross annual income: 57K
My partner annual income: 12K
Left to pay on our mortgage: 160K - 3% fixed (bank staff rate mortgage)
My wife has been given a site beside her mother to build a house. We have made inquiries about planning permission and from the initial conversations we have had with the planners, they would see no reason why we should not get planning permission.
The house we are currently living in is in my name and the plan is to try to obtain planning permission and rent out our house as it's in the town and central to shops etc...
My question is: What would be our chances of getting second a mortgage of 150K to build? We would hope to rent out the house we are currently living in so the mortgage is covered on this.
All comments welcome.
Regards
G
I am looking for ABM members to give me their opinion on the following situation:
My gross annual income: 57K
My partner annual income: 12K
Left to pay on our mortgage: 160K - 3% fixed (bank staff rate mortgage)
My wife has been given a site beside her mother to build a house. We have made inquiries about planning permission and from the initial conversations we have had with the planners, they would see no reason why we should not get planning permission.
The house we are currently living in is in my name and the plan is to try to obtain planning permission and rent out our house as it's in the town and central to shops etc...
My question is: What would be our chances of getting second a mortgage of 150K to build? We would hope to rent out the house we are currently living in so the mortgage is covered on this.
All comments welcome.
Regards
G