The Times - Buying a wreck? It may ruin your chances of getting a mortgage

Aaron Strutt Image
Your bank manager may decide not to lend you money if you are planning to borrow more for a refurbishment. The move marks a shift towards “future commitments” clauses; these have not been used before but could, according to Aaron Strutt, of the mortgage broker Trinity Financial, become standard practice. “New credit, future bills and loans, potential redundancy or loss of overtime and income, will all potentially reduce the amount you can borrow and afford to repay.” Click here to view Trinity Financial in The Times. £ We are not responsible for the accuracy of the information contained within the linked sites accessible from this page. March 28, 2014
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