Can you re-finance my second tier lender back to a high street bank?

It will come as no surprise the reason behind this question is cost. There are a load of reasons why someone has to go to a second tier lender.

In order to get back to a first lender you need a few things, some of which, will apply and some which won’t, as follows;

• If self employed then you need two years financials which can support the required level of borrowings
• If PAYE, three payslips along with 6 months mortgage history
• Good credit
• Low personal debt- preferably less than $10,000
• A property the bank is prepared to lend on i.e. must have Council sign off