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Mortgage problem, looking for solutions
Hi, I'm looking for a flash of inspiration! We are trying to buy a house but hitting brick walls when it comes to a mortgage. We have 10% deposit but my husband doesn't earn enough for the whole mortgage, and history wise, the credit rating is a little wonky (small business recession victims!) In order to be able to buy…
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Coventry Mortgage Application delaying exchange!
Hello Not sure if anyone can give me any advice - might be more of a general rant! The buyer of my house is a FTB and applied for a Coventry mortgage about 7 weeks ago - and still no offer. The valuation was done almost immediately, and the last I heard the application was having a final review last Friday. But still…
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Will my poor credit history stop my husband getting a mortgage?
I have some old defaults (now settled) on my account from 2008 my husband doesn't have any. We want to buy our home through right to acquire however I know my chances of getting a mortgage would be slim so he was going to get a mortgage on his name only but would my defaults stop him getting on? Looking at a 50k mortgage.
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ERC back in 2007
Would anyone be able to tell me how to find out what the ERCs were on a 10 year fixed rate mortgage with Abbey back in 2007. I have lost the paperwork which stated this & have a feeling Santander have me on a different scale of charges for this. I also do not trust Santander to send the original paperwork if it differs…
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Valuation
Applied for our mortgage at the end of May via a broker, chased him up again yesterday to get told " Don't worry, the developers aren't chasing yet, and the valuation should be instructed tomorrow, if my previous case submitted to them is anything to go by" 1. I don't give a flying **** if the developers aren't chasing, we…
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95% Mortgage with Halifax - Existing Lender
Morning all. My Partner has an existing mortgage with the Halifax, and we are currently looking to move house due to the birth of our 2nd child. We will have £15,000 from equity and savings (although more likely £11k once all fee's have been paid). We are looking at a property at £139k, and are unable to raise 10% deposit.…
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Quick mortgage question
Probably something the advisor will go through with me, but I'll ask anyway! If i apply for a 2year fixed mortgage and get accepted. will that exact mortgage be held until i complete the purchase of the house (will be in november)?
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Do lenders just get the valuation or whole report?
Hi, ftb with a simple question. We opted for a homebuyers report, will the surveyor just send the lender the valuation report or the homebuyers report. If just a valuation report, is it safe to say they will produce and email this report to the lender quicker than they send me the homebuyers?
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Lenders with their own conveyancers
I've noticed that some lenders have their own conveyancing panel, and if you have a conveyancer that isn't on their panel, you end up paying twice, once for your own and once for theirs. Do I have that correct? Skipton is the most notable example I've seen, and in Scotland they seem to have a grand total of one…
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Change to mortgage application
I got an agreement in principal a few weeks ago for an 80K mortgage on a 100K property.... Went shopping and found a flat, offered £96k and the offer was accepted. I've just completed the mortgage application online, but was surprised it didn't ask for any confirmation of the property purchase price or deposit amount. The…
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NW approve mortgage, solicitor says add middle name, NW recheck & decline mortgage. P
Some months ago Nationwide approved my girlfriend for a mortgage, 15% deposit. They issued all paperwork and did the house valuation etc. They were asked to add her middle name to the mortgage offer, they rechecked her and have now turned her down as she no longer meets the 'score'. The sale has been dragging on because of…
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santander IO - suitable repayment vehicle
I am looking at getting a Santander IO but was wondering what they would consider as a suitable repayment vehicle for IO - specifically does equity in BTL property or pension lump sum count? How about plans to downsize (but how would you prove/disprove this?) Thanks (Oh and I did try calling their mortgage centre but they…
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Mortgage refusal
Hi, i recently went to my bank to get apply for a mortgage. unfortunately they didn't like my finances so have refused me even though consolidating my debt would make me much better off on a monthly basis. my question is will this go against me if i apply elsewhere? i'm worried if don't get on a fixed mortgage we will soon…
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Woolwich open plan mortgage
Hi just wanted to start a post
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First Direct/HSBC Mortgages
Hi everyone, My sister is looking to buy a property in the next couple of months. She's seen a broker and he's offered a reasonable deal but there are some really good ones with hsbc and first direct which don't deal with brokers. Does anyone have experience of applying to these companies (yes i know they're the same…
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Old Bank Statements
Hello all wonder if one of you good people can answer me, I need to get my last 3 months bank statements, Not print outs for some reason, does anyone know if Santander do this? don't care if there is a charge. ty
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Mortgage on PhD stipend ?
Just wondering if anyone knows of any lenders who will take a PhD stipend into consideration for a mortgage. My son will have the stipend which is tax free and his girlfriend is a teacher. They have tried Lloyds TSB as they are doing a 'helping hand' which only needs a 5% deposit but they could not borrow enough to…
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Does being pregnant/having dependants effect how much you can borrow?
Hi, We are currently hoping to start a family and also hoping to buy within the next year. The mortgage calculators I've look at all want to know whether we have dependants (we don't at present). I was wondering if anyone knew what effect (if any) this will have on how much we can borrow? Will being pregnant effect an…
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How long will interest rates remain low ?
AS above how much longer do you think rate will remain low before they start to rise?? Hope its not until after May April next year as we come out of our 5 yr fix(4%) and are looking for another long term deal at 'cheap' rates .......
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How do I tell my mortgage broker I'm ditching him?
I'm a first time buyer, and two of my friends who have recently bought their first homes themselves advised me against using a broker who charges fees. I realise this is a bit of a sticky subject on this boards, BUT I tend to agree with them on this. Today I went to meet with the mortgage broker the housing association…
