The Sunday Times - Mortgage squeeze hits home sales
Aaron Strutt, told The Sunday Times: "Make sure you reduce your personal debt to meet the lender's affordability calculator. Many lenders will take into account monthly debt repayments, even if you plan to clear the loan once you have drawn down the mortgage.
Just because you do not fit one lender's criteria doesn't mean that you will not be accepted by another. However, make sure you do not need to make repeated applications as that will damage your credit score. Speak to staff in the branch about your financial situation to ensure you will not be rejected or use a broker."
Click here to view the full story: http://tinyurl.com/cy89lqc £
September 3, 2012