mortgage increase with wife in maternity leave
Discussion
Hello all.
I want to move to a larger house but my wife is currently on maternity leave. I have about 60k equity in my house and an outstanding balance of just over 90k to pay off. What are the chances of me being able to increase the mortgage by about 70k using the equity as a deposit for a 210k place. My salary is a measly 25k and my wife earnt about the same before the arrival of our son.
I want to move to a larger house but my wife is currently on maternity leave. I have about 60k equity in my house and an outstanding balance of just over 90k to pay off. What are the chances of me being able to increase the mortgage by about 70k using the equity as a deposit for a 210k place. My salary is a measly 25k and my wife earnt about the same before the arrival of our son.
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