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FTB - Santander Application - Parents names?
Just wondering if anyone knows why Santander would ask for mine and my partners parents names after the initial application? Our 10% deposit is a gift from them so could be related to this? They've only asked for their names, not anymore details. Is this a good sign?
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3 mortgages - can i overpay on all of them?
I have 3 mortgages, additional ones for each time i have moved all with nationwide though. I have been making overpayments of £500 on the largest but im wondering as i have 3 seperate accounts/mortgages can i overpay on all of them each month and not be limited to just one? Does anyone have any experience on this?
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Mortgage transfer
Hi We are buying a "new" house at £255000 and selling our existing property at £322000. In order to avoid paying the full redemption fee (£2000) we intend to 'transfer' using our existing provider Santander. We only need to borrow £70000 approx - our existing mortage is just under £100000- we wish to retain £20000- 25000…
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Discount given by new build houses
I am a first time buyer and was offered a mortgage by Nationwide Building Society of X amount and went looking for houses. We found a new build and the builder offered us a 5% gift off the house price. The house was on sale for £244500 and with the discount it brought the price down to £232000. We had a £25000 deposit…
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Can I pay a year (or more) of mortgage installments in advance with a lump sum?
I've just been made redundant and have received a largish payment from my employer. Obviously I'm worrying about paying the mortgage when this cash runs out, so I'm wondering if I can give a lump sum to my mortgage lender that covers payments for several months in advance while I have the money and to remove any concern…
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Mortgage offer?
Hi everyone, This one is concerning me a little... Myself and my wife are in the process of purchasing a house. I have pretty poor credit, an experian score of 803 and (2 defaults paid off a few years ago and a few late payments from the same time). My wife has a good credit score of 941. Our financial advisor told us our…
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Mortgage Application and income from lodger
Hey, So...I'm going to be buying a new house in 12-18 months and am currently working mega-hard in order to get the biggest deposit possible. The problem is always going to be my salary and therefore the amount anyone will lend me. Now, I'm well aware I can't count potential lodger earnings towards my income but...I…
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Rent out existing house with consent to let - which lender for mortgage on new house?
My existing lender has granted me consent to let. I now want to get a residential mortgage on a new property. I just approached Coventry but they said they could not offer a second residential mortgage to someone who already has one. Ideally I am looking for a new mortgage that has no tie in/ERC. Thanks for any suggestions
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MSE News: Halifax paying first-time buyer stamp duty: is its mortgage deal any good?
"Halifax will cover the cost of stamp duty for some first time buyers as one of many top mortgage deals..." Read the full story: Halifax paying first-time buyer stamp duty: is its mortgage deal any good? Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read…
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Buy To Let Mortgages Without Minimum Income Requirement
I've been told that most buy to let mortgages now require a minimum annual income of £25,000, but some don't. Do you know which ones don't? Any advice about these? Thanks very much indeed, Laurence
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DMP and Mortgages
Hi there, I've been told by my mortgage broker that in the current climate no lender will consider me because I have a DMP on my credit file, even though it is closed and repaid in full. I've been told I will need to wait the 6 years until it comes off my file before I am considered by most lenders. Its seems like a DMP is…
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Trailing commission on mortgages
Is is possible to claim a refund of trailing commission on a mortgage, and if so how does one go about doing it?
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Change Of Borrower / Temporary Agent Employment
Hi all, I was after some advice or some experienced views on a potential issue... A mate and I own a house together to which I have more equity in. My girlfriend and I are proabably going to buy him out later this year but here lies my question; my girlfriend is in full time employment but on a 12 month temp contract.…
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Remortgaging - advice required?
I wonder if anyone could tell if there's a flaw in my logic or if there are any questions I should be asking. We are looking to remortgage with our current provider First Direct. We will be moving to their 5 year fixed rate, 2.99%, 65% Latvia product on a £111000 loan over 12 years. This will give us an affordable monthly…
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FTB house needs new kitchen
Hello I have had an offer accepted on a vacant property which needs updating inside. The offer accepted was £15000 less than the asking price. I am going through a full mortgage application with halifax for 90% ltv. Halifax are going to do the homebuyer survey soon. I am now concerned about possible retentions on the…
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Experiences with West Brom ?
Hello, Just going through a remortgage with the West Brom and have found the whole process somewhat farcical with their inability to do anything in a timely manor. Duly submitted the application and paperwork and thought nothing of it for a couple of weeks. I called them for an update to be told they wanted some additional…
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Getting a mortgage with fair credit score of 736
My self and my partner are trying to buy a new build property but have been told we wont get a mortgage. My credit score is fair and a score of 736 and his is excellent. Are there any lenders that would agree a mortgage for us or will we have to just use his wage and therefore not get enough of a mortgage to buy? Any help…
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Additional Mortgage Fees
Good afternoon, Just looking for someone to answer my questions and give me some advice if possible. I'm looking to move out at the end of February next year with my girlfriend, after we have saved abit of money. By the end of Feb we would of saved about £10k. What additional fees should I take into consideration when…
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Advice on being named on Mortgage with Ex Partner
Looking for help please if anyone on here can, it would be much appreciated. I was with an ex girlfriend for about 5 months i was living with her it was her house, i left her in October 2006. I have just seen my Credit File and i am linked to her and her address and the Mortgage Loan. I don't recall signing for the…
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The plan to get me a mortgage! Please review :)
Hi all, Basically I would like a mortgage and have given myself a year to put things into place. My situation and plan are as below, please review and input anything insightful. Must stress from the outset that I am pretty much a mortgage numpty. Anyway. Me: 26, living in Bradford, a Cycle Workshop manager, 26hr week, 12k…
