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Effect of Student Loan on Mortgage Offer?
Hi, First post here, although have been thankful for the wealth of knowledge on these forums through my first property purchase. Situation is: Looking to buy a property for £159k Have had a MIP for £135k and so proceeded with that All documentation etc has gone in and through underwriters Had a call from my mortgage…
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Deposit
My daughter would like to buy a house.need to supply deposit, house value £106000. Unbeknown to her I have a policy for her which will mature in 2 years time approx £21000 . Could this be used in any way ?
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Nationwide affordability question
Hello, As a Nationwide customer already I'd like to borrow more and usually have around £1000 per month spare to save/spend, the additional payments on the extra borrowing would be £300 per month. Over the last 4 months I have used what's left of wages to buy furniture/new front door etc. As these are one-offs I'm not…
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Woolwich Valuation?
I have been told that a valuer has now been instructed by Woolwich. Does the valuation with them generally happen before any checks and underwriting? What was your experience?
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Sale fallen through, what does it mean for mortgage offer?
Our sale and purchase have just fallen through. The property which we had had our offer accepted on has now been sold to some other people. I'm hoping someone can tell me what now happens to our mortgage offer? The offer we had on that property is through Halifax but I'm confused as to whether we will need to apply for the…
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Remortgage Santander issue
Hello All, Not sure if this is more a rant than anything else. Just finishing two year deal with Santander, rang them up to get a new deal and was suprised at the abysmal rate they offered. When queried they stated a really poor LTV percentage, i asked why and was told that they use the Halifax average house price value,…
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21 y/o FTB - how's it looking?
Hello! I'm hoping to buy my first ever property this summer but have a few questions about how realistic this is. I'm still an undergrad at the moment, but have a £35k full-time job lined up due to start in August. I'd be looking to buy and move in before my job starts, so would have no payslips. Is that going to be a big…
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In need of sound advice on remortgage with bad debt?
We have been considering moving house to downsize and pay off outstanding debts. I have spoken to our mortgage company today ( Barclays) who have said they will not offer us a remortgage due to past credit issues and payment plans we had put in place to pay off outstanding debts. Due to this my other half's credit score is…
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Looking for mortgage less than £20000
IFA s have turned me down as the amount isn't big enough to make them a 'worthwhile'commission. Likewise,RBS today told me they would not offer mortgages less than £25,000. I am looking for a mortgage of between £15,000-£20,000 over 15-20 years. Thanks in advance,
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Endowment shortfall...On DMP...Where do I start??
Hi As my title suggests I am seeking help as to what I can do to resolve my issue with an endowment shortfall. Two endowments mature in July and August of 2015. One with Standard Life (approx 10k short of 20k sum) and One with Barclay Reassure (approx £700) short of £14,500 sum). My mortgage is with Birmingham Midshires…
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Seen a house but it has no kitchen, would me and my partner be able to get a mortgage
My partner and I have seen a house that we really like. The only thing it has no Kitchen and we were wondering if anyone here knows if we would be able to get a mortgage as there is no kitchen installed. Any advice would be much appreciated
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Change of property after mortgage offer help please
Hi All, after a long and drawn out affair we managed to get a mortgage offer from Santander. The problem now is that the homebuyers report has flagged up a LOT of things that need doing. As we are not in the possition in terms of Cash available to correct a lot of these things (one of them will involve digging up and…
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remortgage issues
Hi, I really hope someone here can offer me some sound advice regarding my remortgage issue. In short, me and my mum are looking to buy out a family members ex-partner. Our credit scores are both poor due to different circumstances (looming student debts and a PPI dispute). We already have £135k as a deposit and need to…
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Pay lump sum or wait?
My partner is about to come into a little inheritance and she wants to pay it off her mortgage but I am wondering if this is the best move right now. She has a mortgage of about 180K that is half repayment and half interest only and would be looking to make a payment of about 30K. The thing that makes me hesitant though is…
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Sole mortgage including partners income?
I am a first time buyer applying for a mortgage and things are looking good so far. I live with my partner and young daughter. It has all been based on my salary alone for incomings but the outgoings I have put down are all the household bills. Can I include my partners income even though she is not on the mortgage…
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Help to Buy for Buy to let - British national overseas
Hi All, I am a british national living and working overseas. I am keen on taking advantage of the governments Help to Buy scheme (i would be a first time buyer). However i would aim to rent out the property until i return to the UK in a few years time. Questions. 1. Is a British national living overseas able to use the…
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First time buyer motgage help
Hi, I am looking to buy a flat and need some advice on getting a mortgage. To give a bit of background info I have just completed my PhD which was funded for 3 years with a salary followed by one year to write my thesis which was unfunded. I was registered as a full time student for the duration and took 9 months to write,…
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Can you recommend Solicitors
Hi everyone! First step over, we have a Decision in Principal... next is the solicitors. Can anyone recommend a good solicitors (online, Swindon or Newbury based) who charge less than £800 for a 190k purchase with no chain? Thanks
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Morgate this year bad debt
once i paid off all my debt and CCJ which i will do in this week, How can i get a buy to let mortgage?, I want one this year
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Affordability and Salary Sacrifice
Hi, For the new affordability tests, should payments on salary sacrifice be taken at their full value (e.g. £500 per month) or their effective value (e.g. the amount that it reduces your pay as you are not paying tax or NI on the sacrificed amount)? As an example, if you had £500 per month in salary sacrifice, but this…
