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Mortgage Rejection Query
Hi all, I appreciate I am a new poster, but I wanted to get some advice from those in the know. I would be very grateful for any assistance! I am a British expat, living and working in Hong Kong for the last 2 years. I bank with HSBC. A colleague of mine recently completed a purchase of a Buy to Let property, using the…
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Awaiting Repossession- advice badly needed please
Hi Any advice would be greatly appreciated. Our household income fell by 70% about 2 years ago. Since then we have struggled to meet our mortgage repayments of £1020 per month. We have arrears of around £14k and the Halifax decided to apply for a court hearing back in May. We haven't heard anything since then. We've made…
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What do you think
Me and my wife are in the process of selling and buying a new house. Due to some changes we currently only have a 5% deposit which is where the problem is. If I list our details any advice would be appreciated, we do have a broker but I am still worrying. Purchase price £170, combined salary 50k credit files, wifes all…
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Anything I can do to move things along?
I have sold my home to a FTB who has just recently got his mortgage offer from Nationwide and I've purchased a property from a couple who are not needing to secure a mortgage (they are also the end of the chain). We are now one month into the process. My mortgage application is taking a bit of time. My broker messed up and…
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slighty off topic
My dad wants to gift his house to me now while he is still around to avoid his house being used in the event he should need to go into care. Any advice? Cheers Karen
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Credit Score enquiry
Hi , i am new to this forums and a FTB so seeking some assistance. I am looking to buy a property which currently i am renting atm. The price we have agreed is at 150K. I am currently earning 30K per annum (1946 net per month ). I dont have any loans or any commitment on credit cards, just the usual utility and food bills.…
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HSBC not understanding Shared Ownership
Hi, A friend is buying a new build shared ownership property. They are buying a 60% share. And will have a 10% deposit for that share (i.e. 6% of total price). I found the best rate at the time was a 3.59% 2 year fixed for HSBC, (90% LTV). The closest rivals were Nationwide at 4.19%. They've come back and said he could get…
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Mortgage when earning less than 10k?
Is it possible to get a mortgage when earning less than £10.000 per year? If I multiply my income by 4 then there is lots of choice of houses in my area, (I'm look at houses between 20-25k), I would have at least 90% deposit, and could afford the repayments. However with my low income would getting a mortgage be impossible?
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Barclays Mortgage time-scale?
Hi All. Just wondered if anyone has recent experience with Barclays mortgages. I applied in branch. The track it service on-line says its with the underwriters. Anyone have a rough idea how long this bit takes and how accurate the tracker service is? Thanks, JF
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Advice on late payments affect on Husbands credit rating
Checked my credit report and my late payments are like this very shop direct which only has £538 on it 1 02100000100 and year before that all 0000000000 then just late payment on my barclaycard. all the rest are 00000000 Should I pay the shop direct off now before the equity is released? or when equity is released with…
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moving in to my own buy to let
How does a lender know if you have moved in to your own buy to let?
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Mortgage Completion Concerns
I'm hoping I'm worrying over nothing but I would appreciate some opinions on my situation. I've had my full mortgage offer from Halifax, we have not exchanged contracts, and I'm due to complete on the 25th. At the time of application, I fully declared all my credit commitments, and everything was approved. This week though…
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SA302 form from HMRC
Hi everyone, We need to get hold of my partner's SA302 tax self assessment form as part of our mortgage application with Halifax. We are calling HMRC first thing in the morning. Does anyone have any recent experiences of getting hold of this form through them? What is waiting time like? Thanks in advance, GG
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Halifax mortgage application
Hi everyone, After messing around with Santander/Abbey for a number of weeks we have been advised by our broker to move to Halifax. We are buying on the Help to Buy scheme. Today I paid the valuation fee to my broker and she keyed in our application. I am wondering if anyone has any recent experiences of Halifax's mortgage…
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Feeling Nervous
I have a mortgage offer from Barclays in addition to a help to buy equity loan. We have exchanged contracts and are due to complete a week from today. Yet I am finding myself feeling slightly nervous for the big day! The mortgage was far easier to obtain than I ever expected. No questions, within three days of the…
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Variables
I've been reading this forum for a while now, and I always hear the usual when people give advise, do you have defaults, missed payments, ccj's etc. But why does no one ask, have you gone over your credit card limit, did you make the minimum payment, have cash advances, take out pay day loans? As these things seem to have…
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Help to buy
What is the difference with help to buy compared to just a standard 95% mortgage? I assumed all 95% we're help to buy! wrong? Is it easier to get help to buy as not as much risk for lender as government gaurentee so much or does it not make any difference?
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one person wants to mortgage a let property owned by three people
One person wants to release equity from a let property that is owned by three people. Can that one person take out a buy to let mortgage on their own with the others agreement? also will that one person by able to claim all the mortgage interest against their income or will it have to be divided by three?
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Mortgage Brokers attached to Estate Agents
i have started contacting estate agents re our search criteria and they keep offering the services of their own mortgage brokers. at the moment i am looking at a bunch of brokers on line which charge no fees and a chap whose number we got from my husbands boss...he charges £500. so either the two above or going with a…
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Mortgage in DH name only
Hi Our situation is strange. I got seriously ill and had to travel from scotland to London to see the only specialist in the country. I also had to give up my job. I have a debit of 36K now because of this and also had to give my job. Also as only just recovered had 2 missed payments this yr. I now have a part time job…
