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Halifax AIP Reduced Amount
Hello All I'm new to posting though have lurked for a while and find this site really useful! I have applied for a single applicant mortgage with Halifax. I earn 18500pa and have slightly more than a 10% deposit on on 100k house. The AIP stated I could borrow £88500 (through a broker) and we went ahead and applied for the…
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Nationwide Application - Failed affordability check
My husband and I currenlty have a 71k mortgage with Nationwide, we recently applied to increase it to £171,500 as we are looking to move house. We got a DIP and had our 3 hour meeting 2 weeks ago! In this meeting the mortgage consultant went through all of our options and advised that by increasing our monthly payments we…
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Advice from L and C-is this correct?
I have just spoken to an advisor at London and Country re mortgage after dmp. He said we would have to wait at least 2 yrs until anyone so much as looked at us. He didn't ask anything about equity, ltv or income. After reading Kensingtons lending criteria this says different to the advice I was given. Does anyone know with…
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Self Employed + CCJ - Chances?
Hi Folks, I currently have a residential mortgage with TMW(Nationwide), which I've now had for 7 years. 1 month arrears in the last 12. Current 'value' of the property is around £170k (and should sell relatively easily based on the current demand where I am and the various improvements we've made - which I haven't…
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will my daughter get a mortgage?
My daughter has just graduated from University and would like to buy a flat. The flat has a value of 120k and she has a depost of around 20k. She is starting her first job and will have a salary of 40k, she has no debt of any sort but has never had any credit or credit cards. Will she be able to get a mortgage and are…
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Joint Bank Account
Hi, We have DIP from Leeds Building Society as we have applied for a shared ownership property. We have decided to get a joint bank account as at the moment we split the bills and we end up transferring between our accounts depending on what bills are coming out, etc. So we have decided to get a joint bank account with…
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a whole new mortgage process as house sale fell through
my partner and I were in the process of buying an old house for a considerable amount of money - it looks like this will no longer be going ahead as the survey has thrown up too many issues and the vendors won't budge on price. we were already to exchange contracts but then they said no help with the price and that we…
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Background checks on mortgages
Hello guys, First timer here - hope this is the right place to post. My partner and I are FTBers and, after the preliminary conversations we've had with brokers, it should be 'easy' to get a mortgage - thankfully. The big problem I'm anticipating is that because I've been bouncing around a couple of houses since moving…
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obtaining mortgage strategy required
Hi all, I am looking to buy a house within 2 months after nearly a decade of saving and penny pinching. One of the drawbacks is that I am on a temporary contract and have been for6 months I should've taken perm in September but obviously can't guarantee it... So I have to be careful in terms of applying for a mortgage etc…
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Mortgage/switching bank account
Hello all, I'm considering buying a property for the first time on my own (have had a joint mortgage in the past but currently renting) and I'm considering switching my current account. Will this have an affect on any mortgage decision? I've been with a certain bank for almost 20 years but their customer service has gone…
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Impact of new job (and lower salary) on mortgage offer
Morning all Wondering if anyone can offer up any opinions on the situation I find myself in. My partner and I have had an offer accepted on what is our perfect house, and a couple of days ago had our final mortgage offer come through which we are ready to accept. So far so good... The complicated bit is that I am…
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Remortgaging when circumstances have changed
Hi there I've posted before about this and had a helpful response but am now not sure what to do. I've taken voluntary redundancy and am now not working. I received a significant enough payout to cover the mortgage for 5 years or so. I'm looking at setting up as self employed and making a go of that and if that fails I…
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Borrow more - valuation
Hi We want to borrow more on our mortgage with nationwide. This is to pay off credit cards used to completely refurbish the house. Will the revaluation for the extra mortgage take into account the refurbishment? If the valuation is less than we expect, would the mortgage offer be changed to reflect this or would we have to…
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Solved
Problem Solved :-)
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Equity Split Question
I currently own a house between me and my (now) ex-partner. We got our mortgage just under 3 years ago. We have very recently seperated (not married) and we decided i should be the one to move out of the house as this is better stability for the kids. I have now moved into rented accomodation. We have agreed that because I…
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Porting or new 25 year. Second opinion needed
What would you guys do ignoring interest rate.? A new 25 year mortgage at £852 a month Or Port existing and new rate. 14 years at £951 then 11 years at £634 with the option of overpaying the surplus. I'm sure it the latter but just after a second opinion. Can afford both so just looking which saves the most long term.…
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When do i need to have insurance in place ?
Hi My mortgage application has just been sent for underwriting and the MA said they they 'like' to have building and life insurance in place no later than 1 week after its been sent for underwriting. He seems overly keen on the commission from flogging me their insurance products. I thought both building and life insurance…
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Savings to pay mortgage
Hi i have some savings i could pay half my mortage off with this but have no savings left what to do help would be appreciated thanks
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Halifax mortgage offer but no further credit search?
Hi all, Our broker applied for a DIP with Halifax on 8th July. Both mine and my husband's credit files show several searches by Halifax and Lloyds group on 8th/9th July, as you would expect. These are all labelled as "Mortgage Quotation" or "Generic ID Check" and don't include any credit amount. However, our full…
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Self Employed Mortgage
I'm self employed and employed and am currently trying to get a mortgage. The problem is I think I have just found a load of errors in my accountant's P+L workings for 2013/2014 which would have affected the mortgage offer that was made to me (which was already lousy for various reasons I won't bore you with). Luckily, the…
