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Mortgage and build/renovate: inform mortgage company?
Thinking of buying a bungalow on a 90% LTV giving me plentyof spare cash to renovate. I have the self build option (self build mortgage) but thispost, for simplicity, is to explore the “normal” mortgage options that I mighthave So lets assume the following: I mortgage at 90% LTV, Leaving mespare cash to pay for building…
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Mortgage Process
Hi, I have had a decision accepted in principle with Nationwide, I am currently a customer of theres and am currently in the process of buying a new build. I have completed the application online myself, and sent off documents wage slips etc to them already which have been received. My question really is online it states…
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Mortgages for people with reposessions
Hi All, Wondering if anyone can help? I had my house repossessed in 2008, won't bore you with the details, but once I got on my feet I paid the shortfall from the sale. I now want to buy again. I'm lucky I have a good deposit, I'm looking to buy somewhere for 150-160k, and have 42k deposit. Has anyone been in a similar…
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Post office mortgage vs Nat West post mmr
Hi all, Despite reading many posts over the years ( and hugely appreciating the opportunity to read the discussions and advice!) this is my first post and I hope you guys might be able to offer some guidance :) I'm interesting in people's experience of how the new guidelines are being applied by the Post office and Nat…
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Never Ending
We saw a broker for a Mortgage in February. After discussing with him affordability etc we decided yes we would start the process ( FTB ). The original mortgage company pulled their product after all paperwork was requested and we decided to go for another company still with same broker. We disclosed everything at the…
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Halifax mortgage- advice urgently needed.
Evening all, I was wondering if anyone could offer us some help. We applied for our halifax mortgage in mid April, through a broker. Before our application was processed, we were told we could not apply to them on a 5% deposit, and to continue our application we needed to have a 10% deposit. It was tight, but we went ahead…
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Self employed needing to remortgage
I have recently separated from a long term partner who kindly left me with a heap of debt. I was looking to clear this by way of remortgage but after calling my mortgage provider today (Woolwich) I am told I do not earn enough. very frustrating as I never defaulted on any cards or on mortgage. I am part time self employed…
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Precise Mortgages
Hi, Has anyone used precise mortgages before who deal with adverse credit? Or any other company that deals with adverse credit that you can recommend? Thanks
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Unadopted road stress.
Sooooo. We have the mortgage offer. Survey came today too. Which says: 'Assumed unadopted road, conveyancer to check legal requirements. Eh?! Does this mean that if the road is unadopted we have to have offer revaluated or that they have assumed it unadopted and given us the mortgage offer anyway? I told you all something…
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very confused!
hey, i was issued with a mortgage back in feb this year. we have exchanged contracts but on our new build our completion date has been pushed back. we have since informed the bank that we need to extend the offer but they failed to do this in time before it expired, they are now saying we need to do the application again…
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remortgage for over 50s: any broker or specialist over 50s?
We are over 50 and looking for a remortgage. Our current seller found ways to say no, which involved mostly age algorithms (we think). It took 2 1/2 hours of our time. It was very tickbox (new system). We were thinking of London and Country but have seen online ads for specialist over 50s' brokers. Does anyone have an…
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Giving my house to ex
My ex partner ended the relationship back on October 2013 and i moved out of the house in January. I have met someone else and now planning to move in with her. Currently only my name is on the mortgage which is interest only. She wants to take over the house with her 3 children ( i am not their father ) She can ( with her…
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Personal Insurances for mortgage
I recently went to my bank to speak to a mortgage adviser. Whilst there he told me that to boost my chances of getting accepted was to take out personal insurance to cover me if i was off work sick. Was he right or was he just trying to sell me products?
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Re-Mortgaging with self employed and LTD mix
I'd really appreciate some advice on our situation, thanks in advance. The key points (hopefully) are: We were first time buyers and our initial fixed mortgage term has finished, so it's our first time re-mortgaging I'd like to fix our mortgage to lock in a good rate (3%ish) for ideally 5 years. Though I've been in pretty…
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Is there a mortgage that does the following....
Hi I'm after a couple of buy to lets, is there a mortgage that allows you to have the funds in place before a property has been purchased? I dont want to be paying monthly interest payments when a property might not come up for a few months!! I'm sure there used to be some kind of mortgage on the market, not sure what it's…
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Mortgage with old(ish) defaults
I'm looking to apply for mortgages at some point next year. By then my defaults (of which there were quite a few) should be roughly 4 years old or more. Since then I have an unblemished credit record, and have built it up as you would with small payments on a credit card. I spoke to London & Country early this year about…
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How to pay this in order not to cause issue with mortgage offer?
We are buying a new build. We have quite a lot of equity in our current house. We plan on using some to put a 20% deposit onour new house, some is being used to clear debts and some to pay the builderfor the carpets and extras. Due to an issue with the first lender down valuing the housewe were asked to make our choices…
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Decreasing income post MMR?
Currently I work 3 jobs and I am considering giving up one to have more time at home. I have run our figures through various of the big lenders and without that income the estimate loan available is well over what we need. More than likely when our fixed rate is up we will look to stay with our current lender on a…
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Mortgage Extension Application Advice Please
Hi, We have a mortgage extension agreed in principle from Nationwide, but still have to go through the gruelling new two-hour interview to get it approved. The application for our current mortgage last year was so easy because we didn't max out, so the affordability shouldn't be an issue... I was wondering if anyone has…
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Income Multipliers?
Hi, Did a buy to let remortgage last year, however haven't had a resedential mortgage in over 10 years (and obviously a lot has changed since then) As a general rough guide, what is the current potential maximum income multiplier for a self employed person (understand this is subject to accounts and other potential…
