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Affordabilty when tax credits cease?
Hi all, My husband and I have applied for a mortgage via broker with santander. Ive just checked my online tracking via the mats system, and the application progress states, information requested form broker/ written confirmation required from broker, how will mortgage payments be made when tax credits cease. I cant get in…
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12 month contract - Will we get a mortgage?
My dh has just been offered a job in Sheffield for 12-18 months as a university lecturer. It is really too far to commute so we were thinking of selling up and moving across the Pennines t'other side. We should have a deposit of around 35k on a sub 160k house, but as we go where the work is...we may be selling up in 12…
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Further Advance soon after Product switch
My lender is Halifax. My mortgage o/s balance was approx 64% LTV. :A :T I want to buy another property as a Buy to Let, and wanted to use some of the equity from my current property by taking out "Further Advance" with my current lender itself. :T So I paid in the lump sum into my mortgage and brought it down to little…
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Let to Buy / Buy to Let question
Which lenders give out a let to buy / buy to let mortgage at the payrate of the mortgage i.e 4% and not a notional rate of 5%/6%? I know it's quite common for lenders to stress test a loan at 125% of the monthly payments of the loan and also at 5% interest. Thanks.
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Is L&C truly whole of market?
When I was recommended to use London & Country by a friend and also found it recommended by mse, I was confident that this is be the best option. I used them for my first mortgage and approached them again for my remortgage. This time, reading the accompanying document I was concerned that they may not be truly whole of…
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FTB's looking to buy rented house
We have lived in our current rented house nearly a year and have spoken with our landlord about the possibility of buying it. They are happy for us to do so when we have our full deposit together. In the meantime, friends of ours mentioned a 'concessionary purchase' but didnt know too much about it. Would this be something…
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Post Office Mortgage - Brand New Customers Only
Consider myself well put in place goodnight
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Mortgage offer & student loan
Hi peeps, My lender will not approve my mortgage offer until my student loan is paid off in full - no problem there, all paid off (today) However the problem is getting a final statement from the student loan company to prove this to the lender. The student company is saying it can take up to 3 weeks to get this ( despite…
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Is this acheivable
Hi Just wondering if any of you guys out there believes this could be achieved as a remortgage. Value 65000 looking to borrow 45000 extra 10000 to pay off existing unsecured loan. Salary 14400. 3 late payments in the last couple of years no CCDs or defaults. Many thanks in anticipation
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Buying second home for children
I am 57, have an almost paid for home worth £350,000 and want to buy a property for my children, which will require a £270,000 mortgage. Will i still be able to take out a mortgage for 25 years, based on my age? Any advice appreciated, please. Or just generally: does anyone have advice on the best way to do this? Thanks.
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joint account or not
Hiya, my husband is buying a house on his name, I don't work, we have a joint account. Would it be better to separate accounts, so that to avoid complications with lender? Thank you.
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What does "pass credit checks" mean? Does that include underwriting?
Apologies in advance for the noob question - does passing credit checks mean the same thing as the underwriter going through our documents? We're applying with Woolwich and are told the next step will be paying for the valuation. The reason I ask is that we only submitted our documents one day ago so it seems unlikely that…
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To fix or not to fix
When I purchased my current property it was a 5yr fix at 4.99%. This was approx 8 years ago. Since the fix ended we have been on BoE rate plus 2%. As I understand it such a rate is not available on newer mortgage products. As the BoE rate has nowhere to go but up I am considering remortgaging to fix again, but am unsure…
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Remortaging before six months ownership ?
We bought our flat the end of March. Our fixed rate, which ends on 31 July, was ported across to avoid the c. £5k ERC. We also topped up with additional funding, although the new funding has no tie-in period. What I would like to know is whether we can begin the remortgage process (via a broker) BEFORE we have owned the…
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Named on sister's mortgage: Good idea?
Hi, My sister is in her mid twenties and currently lives at home, she desperately wants to buy her own house and move out. She has seen a modest property that she would like to buy, and knows she can afford. There is a risk that she will not be able to get a reasonable mortgage offer on her earnings alone, and has asked…
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Mortgage Issue - broker vs bank
Hi We are looking at a house move and are trying to ensure we can get the mortgage we require. I went to a Broker who got me an agreement in principle from the Halifax for a mortgage of up to £192k. I had a pre-arranged meeting for something else with Bank of Scotland (Halifax) today anyway so went and while there they…
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help with re-mortgage possibility?
sorry iv found my answer in another post
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are we likely to get a mortgage
We have just received our valuation for our right to buy purchase, it is 70K with us having to pay 41K. I deally we would like to borrow another 15K on top to put on a conservatory and a couple of other improvements. My husband earns 29K, i don't work but receive £360 per month child tax credits and £190 child benefit.…
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Mortgage query
Hi, I was hoping someone can give some advice please. We submitted our full application with Nationwide yesterday via telephone everything went well and they said we should receive offer letter in the post subject to valuation which has all been paid for. Is there still a chance it can be referred to underwriters? Or have…
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Accord Mortgages --- help Please
Hi All, Very quick run down of our situation. Sold our flat in March and moved in with our parents. We have had two properties fall through and have a feeling the 3rd will fall through too :( First house fell though due to break down of chain...ca't be helped. 2nd house, was on the market for £295,000 we had offer accepted…
