Hi there,
Has anybody any experiences of exiting a split and getting mortgage approval to trade up?
We entered a split back on 2013 (roughly)..
At the beginning of 2022 we started paying 1000e per month to the parked amount. We did this for 6mths and then made a 10,000e payment. We then decided to move the remainder of the parked amount over to the serviced amount, therefore exiting the split completely in October 2022.
The aim of the repayments and clearing the split was to be able to trade up. We are approaching a year out of the forbearance and are thinking we might apply in October for approval.
Has anybody had a similar experience and been successful in gaining approval?
Has anybody any experiences of exiting a split and getting mortgage approval to trade up?
We entered a split back on 2013 (roughly)..
At the beginning of 2022 we started paying 1000e per month to the parked amount. We did this for 6mths and then made a 10,000e payment. We then decided to move the remainder of the parked amount over to the serviced amount, therefore exiting the split completely in October 2022.
The aim of the repayments and clearing the split was to be able to trade up. We are approaching a year out of the forbearance and are thinking we might apply in October for approval.
Has anybody had a similar experience and been successful in gaining approval?