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Old 6th Jun 2016, 19:08
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ManUtd1999
 
Join Date: Oct 2011
Location: United Kingdom
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Does anyone have experience of trying to get a mortgage whilst you still have a BBVA loan?

Assuming you're in a steady-job and earning enough to comfortably meet the repayments, will banks consider a mortgage application like any other or does the 50k+ of debt you already have automatically rule you out?

Ie, if you earn 40k p.a. and have loan repayments of 1k/month, would you be eligible for a mortgage of roughly ~3/4 x your "remaining" salary of 28k?
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