{"id":134495,"date":"2023-02-13T14:00:47","date_gmt":"2023-02-13T07:00:47","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-get-a-bigger-mortgage-given-my-debt-management-plan\/"},"modified":"2023-02-13T14:20:36","modified_gmt":"2023-02-13T07:20:36","slug":"can-i-get-a-bigger-mortgage-given-my-debt-management-plan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-get-a-bigger-mortgage-given-my-debt-management-plan\/","title":{"rendered":"Can I get a bigger mortgage given my debt management plan?"},"content":{"rendered":"


\nI need a bigger home but after selling my current one I\u2019m unsure whether I\u2019ll be offered a bigger loanQ I am 46 and live in a small two-bedroom house with my two children but I need something bigger. I owe about \u00a396,000 on the mortgage but also have another secured loan of \u00a338,000 (which is what it would cost to repay it so includes early redemption fees and so on). The house is valued at about \u00a3165,000, so I do have some equity in it. However, my real problem is that I\u2019m also on a debt management plan of about \u00a313,000, which has been going for less than a year. If I sold my house and paid off everything, I would have \u00a318,000 to put towards a bigger house. But my question is: would I be able to get the bigger mortgage that I would need?Is there any hope? I was also wondering whether I should sell up and rent for a while before trying to get another mortgage. Or has my credit history scuppered any chances of buying a bigger place? AM Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can I get a bigger mortgage given my debt management plan?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I need a bigger home but after selling my current one I\u2019m unsure whether I\u2019ll...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-134495","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yZh","jetpack-related-posts":[{"id":108028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-finally-see-bigger-profit-margins-ahead-as-demand-surges\/","url_meta":{"origin":134495,"position":0},"title":"Mortgage lenders finally see bigger profit margins ahead, as demand surges","date":"June 12, 2019","format":false,"excerpt":"\r The mortgage application numbers this week just put an exclamation point on an already positive trend for mortgage lenders. 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I am a deputy head teacher. My partner and I are having strong arguments over me stopping my pension, which I want to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134495"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=134495"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=134495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=134495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=134495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}