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need some advice for mortgage FTB
hi i'm new in this forum hope you can help me. so, i'm looking to get mortgage for max 200,000. i have deposit 20,000 plus 3000 for all bills i need to pay. my pay is 35,000 (30,000 without overtime), my wife's is 18,000 is it enough to get mortgage? My wife is pregnant and baby is due on around 10/2013. so i think the…
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Would there be any problems with this
Me and my brother are currently looking to0 start a business but that would mean me waiting 3 years minimum for a mortgage. Would there be any issues with me allowing my brother to own 100% of business and have me registered and paid a fixed wage as an employee allowing me to get a mortgage a lot quicker?
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proof of income
When applying for a mortgage, what does the bank require as proof of your job and income?
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Repayment vehicles for offset mortgages?
Apologies if this is a really silly question, but if you apply for an interest only offset mortgage, what do they accept as a repayment vehicle? Is it enough to say how much you are planning to offset each month, and if so, how are you expected to prove it? Thanks! Dragonrider
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Is it worth trying? FTB/Mortgage worries
I think I've got the usual FTB worries and concerns about post university credit rating carnage! I spoke to Halifax (I bank with them) about the possibility of taking out a mortgage. I've always been really concerned as in the past my credit rating has been less than glowing. However, I've been working hard at it, previous…
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Need Help Please....
Hello peeps, Having declined by (halifax) yesterday, for discrepancies in my paperwork (?) which obv they didnt disclose, we have decided not to go ahead with the mortgage application elsewhere (apart from Lloyds TSB which I have applied online, coz am banking with them) This post is for my OH, whos credit history is bad.…
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Self employed - first time buyer!
My BIL is 42 years old and self employed and currently renting a 3 bed terrace. Business is currently making a modest profit. 2 questions really, is there certain deposit amount you need when self employed? can he still have a 25 year mortgage? Many thanks
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Referred to mortgage underwriter - advice please!
Hi, After the opinions of those more learned/experienced than myself! My Girlfriend and I are in the process of buying our first house. Agreement in principle in place, offer on the house accepted, solicitor instructed, full mortgage application submitted. The mortgage we have applied for is the Britannia Graduate product…
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in your opinion, which lender lends most?
Cheers...........
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Buying with a friend - part mortgage part cash
HI There, I am looking to buy a house and mentioned this to a friend who is also in the same boat. We realised that if we clubbed together, we could afford a much larger house, enabling us to rent out some of the rooms. She is in the fortunate position to be able to supply her half of the property cost outright (having…
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Timeframe
Hi everyone Am I being impatient or is it taking too long? I was told last Wednesday by my mortgage broker that my application was with the underwriters and I should be getting a decision/offer in 24-48hrs. Asked him Friday and he was told they have a large work load and there was a delay. Yesterday he chased them and was…
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Virgin Money Mortgage Process
Has anyone any experience of Virgin Money for a mortgage? I started of with a referral which quickly got approved, they then asked for last 2months payslips, P60, passport, utility bill and details of current landlord/solicitor, with that i got my AIP. Valuation due to happen this morning, which ive paid for and this…
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Valuation stage of buying repossession
Hi folks Ok so i'm currently in process of buying a repossession (im a FTB) so far so good, valuation being done this morning, does anyone know the time between valuation and exchange of contracts? Increasingly nervous of getting gazumped :(
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First Direct 5 Year Fixed of 2.64%????
Hi there, I have recently come off a FD 5 year fixed rate offset of 4.99% onto SVR of 3.69%. I didn't consider the Britannia recent 5 year fixed of 2.79 as I really like being with FD. However I am really tempted by their new 5 year fixed of 2.64% with fees of £1399. My question is should I hold out and hope for an even…
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Requesting Mortgage funds
Hi How long does it take for mortgage funds to be transfer to the solicitors account. Is there anyway that we could speed this up. We are want to try and complete on the 5th April but are awaiting on some enquiries from then vendors solicitors. However as it is Easter this weekend that doesnt leave us with a huge amount of…
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Fixed term contract and mortgage application
Hi all, I'm a first time buyer currently looking at the various mortgages available to me. I have perfect credit history and close to 10% deposit. However, the fact that I'm in a fixed term contract at work is an issue. Mortgage brokers are always asking me if I am in full time employment - which I am. I then volunteer the…
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Help Me Please!
Good Morning, I am after some help desperately please. I will try and make this as short and to the point as possibly, but would really appreciate some help. Just before the recession I bought a new build 2 bedroom flat with my ex girlfriend. Due to me going to university and my ex paying out two months rent whilst it was…
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Got AIP based on misleading info
So mortgage adviser let me know that i've got the agree in principle for the full amount of 95% mortgage. Now i need to prepare documents for the application. However i realised my girlfriend isn't actually fulltime employed by Santander as we told them before, she works as a contractor for Santander instead (for about 1…
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Kensington Mortgages - Unhappy with broker
Hi All Kensington have completed the mortgage valuation visit on the house we are buying. We used an Independant Finacial advisor to source the best Mortgage deal but some of his current (amd past) behaviour is making us very wary. The valuation was completed last Friday morning. he text us !!! at 9.40pm last night to ask…
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Paying off Student Loan to get Bigger Mortgage
Hi there; I am new to posting (long-time lurker) on MSE so hopefully I have put this in the correct place. I have question and would be interested to hear people's views...... I would like to move home, but where I would like to move is probably the top end of what I could get a mortgage for. I am confident I could meet…
