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Help to Buy Scheme and the 2014 Budget
Ok, so I read the budget document earlier and in it, it said that the Help to Buy equity loan scheme has been extended until 2020, but there is no mention of the mortgage guarantee scheme, and this is the one me and OH were relying on, with him going self employed later this year (not through choice), that is going to push…
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Referred to underwriters because of notice of correction
Just been into lloyds to do a mortgage application for the local lend a hand scheme that requires a 5% deposit (although we're going to put down 6%). We couldn't submit full application because a note came up on the system saying notice of correction held on both our reports so needs to be sent to the underwriters. This…
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Mortgage Advice Please
Hi, Me and my soon to be Ex husband have a joint mortgage together he moved out 16 months ago whilst i remained in the house and paid the full monthly payments. My ex has said he didnt want anything from the house just his name removing. However i have a default on my account which is due to drop of on the 7/4/14. I have…
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Mortgage with maintanance
Hi, I'm in the process of getting divorced and selling the family home. My question is, once its all done I'd like to buy a small house for myself and my son (I have sole custody due to issues with his father). Can I get a mortgage based partly on maintenance payments and can anyone recommend a lender?
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Hope for ftb trying to get a mortgage...
Hi We see a lot of worried ftb wondering if they will get a mortgage offer. We see a lot of stories of people getting refused. So to give some hope or at least ease some worries and sleepless nights... Anyone ftb here with not so perfect credit rating get a mortgage offer straight out on a htb, 10-15% deposit? Perhaps some…
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Confused over BTL Remortgage
Hi all. The flat that I own (With a mortgage) is currently on Natwest's SVR with consent to let. It has been let out for 14 months. I have just been informed by my mortgage broker that Leeds have declined a mortgage in principal to remortgage this on a BTL basis due to a decline in my SA302 profits over the last 3 years. I…
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Becoming a mortgage advisor for an independent Estate Agent?
I currently work for an independent estate agent. My bosses and I have discussed the possibility of me becoming a qualified mortgage advisor. Before committing to CeMAP I would like a bit of advise as to how easy it is to get to the point of actually practising mortgage advice once qualified. Would the company have to…
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Using equity in one house to buy another
Hello all. I do apologise if I have posted this in the wrong forum. My wife has a property (which she is currently letting) worth around £350k with a current mortgage of £185 k. She is interested in raising capital for a deposit on a second buy to let property from the equity in her property. She is looking at properties…
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Natwest mortgage - idea on timescales?
Just a quick query. Does anyone know how long Natwest are taking to give full mortgage offers at the mo? I have a MIP and have submitted all docs, ID etc... Also, does anyone know if they do mortgage on 4 times wage etc? Or is it on affordability? And if so, how is that calculated?
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New mortgage advice please....FTB
Hello, I've never posted on here before but I am after some advice. My partner and I are hoping to buy our fist house together in the near future. I am employed FT as a teacher and so have an annual salary. My partner is a self employed joiner but has only been doing this for just over a year now. First of all I am aware…
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Lloyds Mortgage - £500 cashback offer - but no cashback
Hi I have just renewed our mortgage with Lloyds TSB and as part of the T&C's we would get a £500 cashbook on a pre paid visa card. The T&C's were that we would get this money back after 30days of starting the mortgage. So after 40 days - I rang up and asked where this money cashback was. Cut a few long telephone calls…
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Is this going to be possible?
Hi All, Me and OH are hoping to buy our own place in the near future, however we have previously been stupid with money and are now only realising what such a big impace your finacial history has on your mortgage application. We are both early twenties and now have good jobs after years of studying and financing ourselves…
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Mortgage approved subject to valuation
We have had our mortgage approved subject to valuation with Precise Mortgages. Does this mean as long as the valuation comes back ok we're good to go and will receive our mortgage offer? Or are they likely to start requesting more information/documents?
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How do I get a valuation for a re-mortgage?
I've looked at the websites like Zoopla and propertypriceadvice but they all come in way under what I expect. Do mortgage companies require some kind of proof that the valuation you give them is correct? What's to stop me valuing my house way over and getting a better LTV? How can I get a proper valuation and how much does…
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Mortgage to purchase Freehold
Hi All, Back in Oct-13 myself and the other leaseholder in our build received a section 5 notice from the freeholder offer us the freehold. 50% for me and 50% for the other leaseholder. The other leaseholder has declined the offer and the freeholder has now offered the whole freehold to me. Since then I have been trying to…
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Nationwide Mortgage Redemption Fee
I am 6 months into my 2yr fixed rate and have to sell my house. I am being made redundant and will be moving to the US in the next few months. The redemption figure is 3% for the term of the fixed rate which means I will have to pay out more than £6K for the redemption fee. This is more than I have paid in mortgage…
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65% ltv
My partner and I earn 65K between us with no current debts and have just approached an independant mortgage broker looking to buy up to £250k with a 15% deposit. The broker has come back to us yesterday to say that she can only see offers for 65% LTV and would like to see our credit reports so she can look at lenders that…
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Ftb and the electoral roll
Hi all, my wife and I are first time buyers and will shortly be applying for a joint mortgage. We have a 10% deposit and joint income of 68,000. However, my wife is American and has been in the country on indefinite leave to remain for the last few years and although I am on the electoral roll, she obviously is not. I want…
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Stuck with commercial mortgage
I have no idea what to do next, so really hoping someone may be able to help on here. Sorry it's a bit long!! 2 years ago we couldn't afford to live in our house, so rather than loose it we decided to rent it out and and rent a cheaper smaller flat for a couple of years to get back on our feet again. We contacted our…
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Questions list for a mortgage lender
I’ll be applying full mortgage application soon. Is there any list of questions to ask from lender then please do share. Many thanks in advance.
