Remortgage Applicationre mortgage application
You must first make an appointment by calling us (This link will open in a new window) (This link will open in a new window) or jumping to your local office (This link will open in a new window) (This link will open in a new window).
When to remortgage: Sorting your finance
Creditors used to multipolate your principal by up to fivefold to calculate your mortgage ceiling amount. Now, it is much more complex as the creditor must be sure that you can make the pay back. Every creditor has a different calculation when he computes how much he will loan you.
Plus your base pay and a share of other kinds of incomes, plus bonus, commissions, social security contributions, and secondary activities. They will then look at your expenses, such as debts repayment, alimony contributions, tuition charges, utility companies, grocery purchases, etc., to determine your available earnings. Not only does your available earnings have to pay the new mortgages, they also have to pay the mortgages if the interest rates increase to 6 or 7%.
Your creditor will consider your liabilities and expenses such as repayment of your liabilities, alimony payment, tuition etc. Your baby can cut its starting number to make sure you can buy it - and will want enough room to breathe if unexpected circumstances occur. When you are in default, repayment may be more complicated, but it is essential that you talk to your creditor immediately.
Please see our Mortgages Arrears Handbook for complete information.