jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Need some help, i'm porting my existing buy to let mortgage but due to 'new lending criteria' have to increase my deposit from 13% to 30%!! The new place is £30k cheaper and stacks up easily on rent, but can't really afford to up the deposit, is there any way around it? The product was sold as being portable, has no redemption penalties and is a base rate tracker.
Any help appreciated 
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Any potential for a loan form somewhere else? Parents or a bank maybe?
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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The deal i have is pretty awesome, other companies can offer similar but moving to them incurs thousands more in charges and redemption penalties so no good, plus they only offer 25% min deposit.
Parents will stump up the rest if i need it, its just annoying that 2 weeks ago they said yeh no probs, now they won't do it! Fuckers!
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Coolio i've sorted it, they've found a lil clause saying that if the balance is the same or lower they can port it = sweet!!
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