Hi
So for the past few months we realised that we needed to move house, we couldn't get planning to extend our house and we need more bedroom space.
We were advised to clear all outstanding depts apart from current mortgage and we would have no issue getting a mortgage. We have gone from 4k in debt to just under 2k debt which we planned to have cleared by March.
We put our house up for sale and applied for a mortgage and today we have been denied the mortgage. This was on the bases of no proof of savings over past 6 months.
This afternoon we have received an offer on our house at full asking price.
Now caught in selling(potentially) but no where to move to.
Any advice what to do or know some we could get mortgage without the savings history? 230k equity in house plus proof of overpayment and clearance of loans available. Looking for approx another 250k
So for the past few months we realised that we needed to move house, we couldn't get planning to extend our house and we need more bedroom space.
We were advised to clear all outstanding depts apart from current mortgage and we would have no issue getting a mortgage. We have gone from 4k in debt to just under 2k debt which we planned to have cleared by March.
We put our house up for sale and applied for a mortgage and today we have been denied the mortgage. This was on the bases of no proof of savings over past 6 months.
This afternoon we have received an offer on our house at full asking price.
Now caught in selling(potentially) but no where to move to.
Any advice what to do or know some we could get mortgage without the savings history? 230k equity in house plus proof of overpayment and clearance of loans available. Looking for approx another 250k
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