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Halifax mortgage, income proof requirment?
Just wondering if anybody can help, me and my partner are first time buyers and I'm just wondering how many pay slips its common place to provide with Halifax. I ask as I've just started a new job this week, with weekly PAYE slips. We've had an offer accepted a bit quicker than anticipated so I've not had a good amount of…
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Impossible to get a mortgage because I own the freehold to my flat
Hi, I currently have an interest only mortgage at SVR as the fixed rate came to the end last year while I was out of work. I am now in work so went through the process of finding a new fixed rate interest only mortgage with a whole of market broker popular on this site. All was going well (we are lucky to have plenty of…
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Halifax Supporting Documents
Just had confirmation from my broker that the Halifax have requested one payslip from me prior to starting maternity leave (I'm not due to return to work till 28 April) and proof of our deposit and the other cash we require to buy the property (we paid £17k over valuation). Is this a good sign that the application is…
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How quick can a Nationwide mortgage take?
I have a current Nationwide mortgage and have agreement in principle with them also. We have offered on a property but I work away and will not be home until the 4th April, we have a branch visit booked in for the 5th April. We were hoping to move out of ours the end of April and straight into our new house so I can port…
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Remortgage - LTV and other basic questions
hi just trying to get my head around remortgaging. We bought a house 2 years ago and have another 3 years to run before fix ends. Based on some recent statements from BOE it appears the base rate will rise upto 3% by 2017 (though obviously no one has a crystall ball), which will be the time we will need to look for another…
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Does Solicitor Need to see Survey?
Just a quick one... Homebuyer survey has been carried out with no issues and all number 1's. A few advisory points but nothing I think we need to be concerned about. Does the solicitor need to see anything about the survey or is that just for my reference? There's nothing I want to raise with them but was just wondering…
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Self employed mortgage application - net profit or taxable profits?
Hi everyone :) I'm a first time buyer and in the process of applying for a mortgage with my partner. He's in full time employment but I'm self employed which is leading to all sorts of fun & games at the bank! Unfortunately, as I do my own books rather than use an accountant, the bank wont accept any figures from 2013/14…
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Right to buy mortgage with additional lending for home improvements
Hi, I wondered if anyone could offer me some advice. I recently applied to my local authority to purchase my council property, the price they offered the property for was significantly less than what they valued it at due to the discount for being a tenant for a number of years. I was very happy with the discounted price…
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Contractor mortgage advice please
I have a mortgage with First Active, with a substantial amount of equity (yey!). I have been contracting 2009-2011 as PAYE and as limited company director (100% ownership) since 2011. There are gaps between contracts where I have not been working/earning. Have just started a new contract which lasts until July 2014. I want…
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Name still on mortgage after bankruptcy
Hi, I got a joint mortgage with my (Now) ex many years ago. I moved out of the property when we separated and sometime after that was declared bankrupt. That was 3 years ago, I have recently found out that the official receiver has no interest in my half of the property so has passed it back to me. (There is no equity in…
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Help to Buy (Scotland) advice
Hi all, My girlfriend and I are hoping to buy a new home with the Help to Buy Equity Loan scheme in Scotland. All the documentation I can find on it suggests that we must provide at least 80% of the sale price and the government will provide up to 20%. We have a lump of cash that will cover about 12%, and if we can secure…
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Joint mortgage or individual?
Hello, My partner and I are looking to obtain a mortgage for a property with around 230k. We are fortunate in that we have a sizeable deposit of 180k. So would be looking to borrow around 50k. At present it is just my partner who is working (22k PA) and I am a student. I was just wondering whether the mortgage application…
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Santander Underwriters
After a very frustrating few weeks, thought the decision on our application was very nearly there. However.... Telephoned by broker on Wednesday and informed that everything was ok subject to valuation - instructed to contact "esurv" who handle all Homebuyer reports etc, if you are choosing not to have the free valuation…
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AIP - Credit Check - Credit rating question
Does it mean that you have a good credit rating if they give you an AIP higher than what you asked for? Got an AIP with natwest giving an AIP of 50k more than what we need which was arranged by our MA. And will it hurt your credit rating trying to get an AIP from different lenders to give you more options who to go for? In…
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PIF Help to Buy -EL
Hi, I'm currently completing the PIF form for a new build ready for completion at the end of October. Not looking at mortgage application until April due to the timescale involved. We put a £500 deposit to secure the plot before Christmas and want to put a deposit of £14,500, on the PIF form where it says Applicants cash…
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Mortgage
Hi could anyone advise me at what point I could be asked to provide bank statements for a mortgage? I have a mortgage in principal on a new build property that will not be ready until around November this year. Many thanks
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Are we likely to have problems getting a mortgage?
Hi there, hoping for some advice on our chances of getting the mortgage we need - we are in the early stages of a house purchase but have had an unexpected change of plans in that I am now likely to be made redundant in the next few weeks, so we are trying to establish whether we can still proceed with our purchase based…
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Mortgage redemption statement
Can anyone shed some light on my mortgage redemption statement please? There is a charge on there called 'Interest for part number 1' what is this? When I called and requested a figure it was completely different from this and couldn't of included that figure, only the balance of the mortgage and an early redemption fee.…
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2nd home - help to buy
Hi - I currently have help to buy mortgage (equity loan) on a new build. My parents are considering signing over their house to my name in the near future. They have no mortgage on the house or debts attached to it. Can we do this with me having an HTB mortgage?
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Getting 'extra' on the mortgage?
Hi folks, Buying a property from a relative. The property has been valued at 170k. I'm buying for 150k as it's family etc. I'd like to get a mortgage for 170k though to make home improvements. Mortgage adviser says I only get mortgage for what I'm buying it for. Thing is, I could go back in a short while and remortgage…
