myself and my husband were declined a mortgage from santander. the reason they gave was when fixed rate gone we wouldn't be able to afford the £1600 payments a month. However we were going to get fixed rate for five years which would have made payments £1100 and in five years we will have cleared loan that we are currently paying £400 a month for a loan. do all lenders do the same?? we have worked out our expenditure and have £500 spare a month but bank not considering this as state still not enough to meet mortgage payments!! Any advice really welcome, have got a mortgage adviser coming on Wednesday, but if all lenders same there will be no point!!
↧