i am thinking of moving,,but still have a large chunk of my present mortgage outstanding. I have had a considerable drop in income, but can still make the payments. I was going to sell my present house, and buy a cheaper one with the money left, but would still have to take out another mortgage. Can I carry on with the present mortgage,or do I have to close this one,and apply for another,as like Isaid,they would probably refuse me due to my reduced income.
Read more: Mortgage advise for renewing a mortgage?
