Have I completely messed up - mortgage

[curious541]

Hoping to move house and I think I've f'ked up...
We were first time buyers last time but bought a new build so buying an actual real house this time we're not really sure what we're doing and I think I've messed up

When we first started sorting our house for sale I went on current mortgage providers website to see how much we could borrow - results came back good, meant we could look in our preferred area
Put ours on market, house sold, back on website to check amount to borrow and start looking for house - found one we like, called mortgage company to ask about porting mortgage. They said you need to have offer accepted before going any further, so we went and viewed house then put offer in
Offer accepted yesterday lunchtime
Need to speak to mortgage co. but they're closed til 2moro morning, went back on their website found different calculator - now only saying we can have half of what we'd need!!!
Turns out the one I'd done originally was 'mortgage checker' not 'affordability calculator' but I've already put offer on house

We have some credit card debt - if I put it in as credit card debt they'll loan half, I've worked out if I put the equivalent in monthly loan payments (ie get 5yr loan to pay off credit cards) they'd loan us the mortgage amount we need

My question is - does anyone know if the mortgage lender would let us do that or would it feck up our credit rating so bad that they won't lend us money???

As it's the first time we've bought a house properly (not through new build) I'm panicking that we're now not gonna get mortgage - I've worked everything out and we can defo afford mortgage repayments and the credit card loan repayments (we're already paying off the equivalent monthly anyway)

Anyone able to offer advice and help me sleep tonight before I ring mortgage company in morning??

Thanks

It's possible. It might be worth getting a mortgage broker and going elsewhere.

Is what you're looking to borrow more than 4 times your income? If so it was probably unrealistic.

If it's just because of credit card debts reducing the amount then another lender might be more favourable.

'Only' looking to borrow 3.2times salaries

Thanks, fingers crossed

Go to a mortgage broker rather than just talking to your current lender.

Another one for recommending a broker, this is what they're for. Good luck, and I hope you get your house!

Thanks - realised mortgage is still in maiden name so mortgage company saying best to update that before doing checks - hopefully 'processing team' will update it today ready for 2moro!!

Those saying broker - would you recommend going to the broker straight away rather than current mortgage co??

Go to a broker and they will do a whole market check

Hi OP, we’re in the process of moving so have just been through all of this. Yes definitely see a mortgage broker rather than going direct to your bank.

They will be able to talk through all your potential options.

They normally offer a free consultation so shouldn’t cost you anything.

For me going direct to my bank worked well as they take into account your history and how you've managed your accounts with them alongside your credit report so it's not just credit report focused. Depends though how good a customer you've been with them and if you've borrowed with them (overdraft etc) so they can see how well you pay back.