Hi all,
In a 4 year fixed mortgage rate at 2.6% with UB and fixed rate expires in April 2022. Will decide at the time what to do and if a switch of lender is required which it probably will need since UB is exiting the market.
Will be looking to see if I can get a top up mortgage in order to fund a home renovation plan.
However my query is more in relation to what does a lender consider savings or equivalent as part of a mortgage application or mortgage top up application? I have about €70k in savings but its a mix of cash in current account, deposit account, bank investment account product, credit union account, Stock portfolio in Degiro.
Also what payments on a bank account statements are big red flags for a lender such as online betting transactions or perhaps regular standing orders to degiro trading account ?
Thanks
In a 4 year fixed mortgage rate at 2.6% with UB and fixed rate expires in April 2022. Will decide at the time what to do and if a switch of lender is required which it probably will need since UB is exiting the market.
Will be looking to see if I can get a top up mortgage in order to fund a home renovation plan.
However my query is more in relation to what does a lender consider savings or equivalent as part of a mortgage application or mortgage top up application? I have about €70k in savings but its a mix of cash in current account, deposit account, bank investment account product, credit union account, Stock portfolio in Degiro.
Also what payments on a bank account statements are big red flags for a lender such as online betting transactions or perhaps regular standing orders to degiro trading account ?
Thanks