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Mortgage Renewal and Wedding
Hi All, I am hoping someone may be able to give me a little bit of advice. We currently have a 2 year fixed rate mortgage which runs out at the end of June. When it runs out we are moved onto a mortgage which is at 4.79% for the next 5 years. Our LTV is 85% at the moment. Is it worth moving provider? If you move provider…
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Right to buy- Self employed
As the title suggests, my husband and I are about to apply for the right to buy our home but face what could be a big struggle as we are both self empoyed. I feel like a rabbit in headlights! We have a low household income- his around £20000, mine £5000 with 2 dependants and tax credits around £5000. Both SE for more then…
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Skipton Mortgage
Hi Was wondering if anyone has had experience with Skipton for a mortgage. My husband and I put in a joint application for a mortgage of £165,000 with Skipton ( 27th of Feb) We have a 10% deposit. We had around £8500 in credit card debit and a personal loan which we have been able to pay off. This has been indicated on our…
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Valuations: recent sale in same building vs our own recent sale
We have exchanged and are due to complete in a couple of weeks and will be looking to remortgage pretty much straight away. (We had to port our existing mortgage due to ERC of around £5k and want to get onto a better deal). I notice on the land registry website another property completed in our building in December, and…
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Lenders that accept benefits income?
Hi, I left my job in the UK to follow my husband with his to the Netherlands. This has resulted in us having one salary and my unemployment benefit (due to the Netherlands and the UK having an EU treaty agreement). We have found some really great expat rates, however due to affordability we have been told we cannot get…
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Mortgage in 50s
Hi,Would anyone be able to tell me if mortgage lenders will lend to me when I reach 55(5 years time)? At this time I will be in receipt of two pensions(approx 21k a year). I hope to be mortgage free by then but will be looking to downsize. If they do would they put a length of term on this lending?
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Valuation and Homebuyers done at the same time risky?
Hi, I am currently waiting for a valuation date from Santander. We are looking to get our homebuyers report done at the same time as the valuation, (by the same company) After having a think about it i am wondering if this is a risky move? The only reason i ask is i have heard stories of valuers undervalueing a property…
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Halifax
Has anyone got a mortgage with Halifax? If so what credit reference Agency do they use, have an AIP from them valid for 6 months which is showing on experian only, Ive seen a few posts saying that they only use experian.
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Interest only residential mortgages
Although my wife and I (55yo) still have a small fixed rate mortgage of £35k remaining on our own home valued at around £180k we re looking to buy a flat for our 2 kids to live in rent free while they are at uni. We have a deposit of £100k and would require a maximum additional mortgage of £80k. We We only want a 2 bed…
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Sole application & financial association
Hi Just wanted to clarify, If I apply for a mortgage in my own sole name and have a financial link with my wife. Will the lenders check my wife's full credit file and base the decision on what her credit file is like to give me a mortgage or not? My wife wants to apply for another credit card and a bank account. but i have…
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NRAM and Maternity Break
Hi. First timer so please be kind. I have had two children (with my partner) close together and have asked NRAM for a maternity payment break from May. I had one last year for 5 months and I'm aware that I have to leave it 12 months in between. I called at the beginning of Feb, went through a full income and expenditure…
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mortgage valuation and homebuyers report advice pls
We are in the process of applying for a mortgage with Santander. They offer a free mortgage valuation as part of the product, but they don't knock the equivalent off a homebuyers report if you would like one. I'm only mentioning that because I know some lenders do. Would it be a problem to let Santander do their free basic…
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mortgage while on probation at new job
Is it possible to get a mortgage while still on probation at a new job? can adding higher deposit (upto 25%) help matters. The job is higher paying than the previous one and in the same trade.
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Porting mortgage- Daft Question
We are currently looking at moving home to a property where we will have a 10% deposit. I have looked at the mortgage rates and the best deal we have found is 3.54% 2 year fix with Yorkshire. We currently have a 2.85% Flexx for term mortgage with the Coventry. £125, 000 with 14 years left. This is a portable mortgage. Am I…
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First time buyer's Questions
Dear all, I found a flat through share-to-buy website, but I don't know how a mortgage works in this case. I am keen on buying out the whole ownership of the flat. The housing association dealing with the flat allows me to do so. According to her policy, I am not allowed to buy the whole ownership in one go, but allowed to…
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quality of life with money in your pocket or better home
simple question, would you rather have a small mortgage approx 20000 or owe approx 100000 but live in the house of your dreams, we all push to be mortgage free but whats your choice?
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unsure, need advice
Good evening, just registered and thought about listing my issue as unsure what to do, ive currently got a 24000 mortgage on a house valued at around 60000, I want to move on and buy another house for 80000, I dont have a deposit and was thinking of getting a 20000 secured loan on my current house and using that as the…
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Abbey/Santander - Online Statments
Hi Guys, Need a quick answer please. Do Abbey accept online statements printed out? I've read their statement guide on the intermediaries site but it doesn't say? Bit of a panic as my broker didn't pre warn me and last time I had to request statements it took weeks to sort out! I have 8 days..... Also why does L&C need the…
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New home, new job!
I was fortunate enough to be successful in an application for a shared ownership home. However on the day I recieved the good news, I was also told I had been accepted for a new job that I had applied for. Now here is the obvious problem. My partner and I are awaiting news of our mortgage offer and the new company want me…
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Re-fixing
Dear All, This is probably quite a simple question for those more experienced. I have had my first mortgage which was fixed for 2 years and next year that fix ends. What I would like to know is when we come to the end of that fix, if I try to re-fix for another term (say 5 years) with the same company will the monthly…
