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Can i get a mortgage?
Im 21 years old, Currently serving in the Army and plan to stay for another 6 years. Iv never been in debt but ive got an overdraft which i use to dip into a year ago. I don't believe i have a credit history however i had Sky as a direct debit for over a year and never missed a payment. The army offer us £8000 towards our…
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Mortgage already approved, can I borrow 10k extra?
We have survey done, mortgage approved, starting searches soon. However, would like borrow extra 10k from lender to go towards home improvement. With extra 10k, it won't exceed the LTV. Wondering how difficult or easy it will be. Don't want it to delay the progress. Would it be treated as new application? Thx!
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Where is my mortgage offer letter?
I'm starting to panic now. C&G branch say they have processed everything for the mortgage to be offered and even printed out a duplicate offer letter in the branch for me. But the one I need to sign is the original one they send to me and copy to my solicitor. Neither of these have arrived yet even though the branch told…
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How much does it cost to put in an offer
Good Evening, My apologies for asking a million silly questions but I'm not sure on this whole situation. If I see a house I like (in Scotland, offers over) and I want to get a solicitor and put in my offer, how much would this cost? ballpark figure? Obviously houses are expensive business but I just want to see what I…
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Buy-to-Let Mortgage Arrangement Fees
At present I own a second property that I rent out. It was originally my home, and when I moved I was granted permission to rent out my house by the Halifax for 3 years. The T&Cs of my Mortgage were not changed. However, I forgot all about the 3 years, and the Halifax never contacted me either. Now after 8 years (I have…
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Adverese Credit Rating... Not My Fault!
Can someone please help! I have recently applied for a mortgage from Accord, through a broker, and this was refused. Apparently my credit rating shows 5 missed payments from Barclaycard. Earlier this year I paid off the full balance of my credit card in full and closed the account. I was not told that there was a payment…
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Recommend a broker & solicitor - London?
Hi, Wondering if anyone can help. Looking at 75% LTV interest only mortgages on a property value of £250k. I have had a look at a few websites and HSBC / ING seem to do some good deals (apart from ING's £1k arrangement fee!). I was wondering if anyone could recommend a broker? We have approached Alexander Hall, however, I…
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Credit card balance transfer while waiting for a mortgage decision?
Hi We have a balance on a credit card in my husbands name that we would like to transfer over to a blank credit card in my name that has a 0% deal for 16 months. Last week we put in a mortgage application to the Nationwide to re-mortgage. We have had a letter saying that they have instructed solicitors and are arranging…
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Seen a perfect house.. What do we do?
2 adults and 1 child My income: £35000 My debt reducing debt: £8400 DH income: £44,000 DH mortgage left to pay: £80,000 House savings: £4000 House value: £119,950 <--- expect at least 110k Ideal house on Market for: £190,000 We saw this property today and it's perfect.. A little overwhelmed and unsure if it's possible to;…
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Can a mortgage company make you sell your home if your circumstances change.
Hi I was wondering if anyone could give me some advice ... I have had my mortgage for about 18 months and I have now had a change of circumstances that I am worried may change my eligibility to have the mortgage. The mortgage is joint with my ex partner who moved out bout 3 months ago - I have also recently taken…
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AIP - Proof to EA
Dear All, Looking at a repossession property at present and EA said they would not accept any offers until they see the proof of AIP. Went to Natwest today and mortgage advisor said AIP means it will not be written on paper, if I need to show paper proof then need to do a full credit search application and will tie into…
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HELP! I own a flat outright and want to buy another. What type of mortgage?
Dear Forum I am currently weighing up whether or not to buy a 2nd property. Here is my story: I've owned my flat outright for over 5 years now. The 2nd flat of the converted house I live in is up for sale (2 flats in total, one of them is mine). I'd like to buy and let the 2nd flat but do not want an expensive buy-to-let…
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Another mortgage declined :(
Feeling very fed up - just had our mortgage application declined. We have a 28% deposit and can demonstrate that even without my wife working we would build up to a significant cash position within the 5 year fix. Given our financial record keeping we can look back at our last 5 years spending vs income, typical costs for…
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Private Mortgage - Private Income?
I'm enquiring for a relation who has a private (legitimate) source of income. The income is variable as to both amount and frequency, but can be seen going through his bank account. What he does isn't classified as self-employed either, so he couldn't self-certify. Under the circumstances I can't think of a bank or…
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55K to put on a 90K property but no Job
Can anyone tell me the chances of getting a mortgage for 35K, given that at present i am unemployed, i would however be renting part of the property to cover the repayments. Thanking you in anticipation of you're reply. Kind regards
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confused about porting a mortgage and refinancing - please help !!
Can anyone out there help me with this .. I have a property at the moment worth £625,000 with a £260,000 portable mortgage. This property has been recently valued by a buy to let provider who has agreed to lend me £350,000. I have seen a new property which is £610,000 that I would like to buy. Can I port my existing…
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Advice on buying my first property
Hi, I am a graduate of 1 year, perfect credit rating as have all my family and borrowing money will not be an issue. I've got student loans, but they don't count when buying a house so that's fine. I'm on 20,000 gross a year (1,330 per month net) and I currently have about £4,000 in overdraft and credit cards all which is…
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bad credit rating
hi, please could someone help, my husband and i are looking into buying our council property, we estimate it to be about £75,000 but with discount should be around £50,000, we both have a poor credit rating, my husband is currently self employed, i just want to know if we would be likely to get a mortgage or not? tia
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FTB - Mortgage Advice
I am a FT buyer, single application - earnings 35K pa and no outstanding debts. Credit history is clean (regularly check it online) and I am on the electoral roll. I am currently renting at the moment. Looking at a repossessed house - £145K, will put in 15% deposit and looking to get a mortgage of £123,250. I need a lender…
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Are mortgages that hard to get?
You may have seen my other thread on here, mortgage multipliers or actual affordability. I am in a bit of a situation where the amount we want would mean about 4 times joint income. However after reviewing things and getting help from parents, now have 10% deposit and looking for about 3.5 - 3.75 times income (£160-£175k).…
