Hi
I am about to start process of looking for a new mortgage as current house is on the market. Just wondering if is a done thing to use part of my profit from sale (deposit for new house) to pay off my debts as part of the process of getting a new mortgage? If so, will this increase the amount that the banks would lend me if I show willing to clear outstanding balances prior to moving.
I am about to start process of looking for a new mortgage as current house is on the market. Just wondering if is a done thing to use part of my profit from sale (deposit for new house) to pay off my debts as part of the process of getting a new mortgage? If so, will this increase the amount that the banks would lend me if I show willing to clear outstanding balances prior to moving.
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