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Another Affordability Query
Hi all, New to the forum although lurked around for a bit. Just looking for some advice on affordability and if it is realistic. Looking for a 30 year mortgage in October time of about £245-£260k on a max £400k property (so roughly 65-70% LTV) as will have a deposit of about £140k-£155k from selling my property. We're both…
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Mortgage for self-employed / PAYE - help, please?
Hello, My partner and I need to apply for a mortgage and have unexpectedly hit serious problems. We're both employed - I'm employed full-time PAYE but he is in the TV and film industry and as such is sometimes self-employed and sometimes PAYE, as is the norm in his industry. He's been in the industry 26 years, has never…
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New to Mortgages
Hi guys, first post on this forum so go easy on me please.... My wife & her sister have the mortgage for the property that my wife & i live in. However we have seen a place that my wife & I would like to move to. Does anyone know how this works? Her Sister is happy to sell the place we have at the moment. So how would this…
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selling during fixed rate period
I got my 1st mortgage approx a year ago after a relationship break up. My mortgage has a 7 year fixed period, when I took it out i was going through my "no one will ever love me again" period and assumed i wouldn't move during that 7 years. well long story short i soon met someone and we are now talking about buying a…
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Confused on mortgage questions!
When getting a Dip from Natwest they ask ' have you been bankrupt in the last 6 years'! Why do they ask 6 years if they do not accept bankrupts at all? It lets you get a dip but then obviously it would be turned down at full app stage if you have a BR over 6 years old. Halifax ask 'have you had any CCJ's in last 6 years'…
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Fixed Rate Ending - new product with same lender?
My 2 year fixed rate with The Leeds Building Society is due to end on 30th November 2014. If I take a new fixed rate with Leeds BS, will they carry out the new MMR checks? Can someone please tell me the process Leeds BS will carry out on a new product; is it classed as a new application with credit and affordability…
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Remortgage BTL to release equity
I'm looking at remortgaging my current mortgage (residential with CTL) to a BTL. The LTV will be 60%. I would like to borrow 50K more than the current mortgage and use the extra borrowing pay down my mortgage on my home. Are there any lenders that will allow this? Can it be done by applying direct to the lender or will I…
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how to apply for mortgage offer extension? how likely is it to get it?
I currently have a mortgage offer with Santander which expires 31st July. We are very close to exchange, just waiting for the last two letters to arrive. Based on the minimum notice period of 5 working days to completion we have to exchange by 23-24. How should I go about asking for an extention of the offer? The rate have…
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remortgage - which one
Hi, I'm looking at re-mortgaging and I have a few option that I need some advice. I am currently with first direct on a variable offset mortgage. I'd like to stay with an offset because it provides flexibility and makes my saving work a bit harder. my choices are: 1. first direct - 2 year @ 3.09 and £100 fees 2. first…
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mortgage in principle
Looking to put the house on the market over the next week. I'm wondering when, if at all I need to apply for mortgage in principal. I have had an informal chat with my bank who said based on salary, affordability etc I can borrow over 300k. I only want half of that, so I'm anticipating there shouldn't be much of a problem…
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Experto Credito
Mods please remove Wrong forum :money:
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Applying for mortgage through broker - help!
My husband is a contractor so reckons we go through a broker to hopefully get a mortgage. We are in Scotland (if that makes any difference?) I apologise in advance if I sound a bit clueless here!! We have been doing the numbers and he is going to speak to a broker tomorrow. We do not know how much mortgage we may need eg…
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Remorgaging after period abroad
Hi All, I'm really eager to remortgage after having been stuck on a terrible SVR (6.15%) for a number of years now. The tricky part is that i've been working abroad for the last 2 years (renting my property out whilst away). I've just moved back into the property this week and so i'm wondering how long I should wait before…
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Making a payment off my mortgage
I have £20000 I would like to use to pay off part of my nationwide 5 year fixed rate mortgage. We are only a year into the mortgage. Am I able to use the money to pay off some of the mortgage? Thanks.
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Endowment assignment problem.
Hi, first post so be gentle with me :D . 25 years ago I took out an endowment mortgage with my ex girlfriend. It was stipulated by the lender that we had an endowment/life assurance policy in both our names assigned to the lender before they would lend us the money. We did that but split up a short while later. I had a…
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First time mortgage whilst in rented property
Hi I'm looking to apply for a first time mortgage and am currently renting the property I'm in now. How would this affect my mortgage application and any recommendations on who to apply with. Thanks
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prc with santander
we have sold our prc repaired house with prc cert and our buyers got mortgage with Santander as they do prc no issues and happily accept cert we have. local surveyor came Friday said to me no issues then submitted report and said prc so no go. Santander said based on that they wontr do it. our buyers mb has sent our cert…
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Mortgage in Principle - can we move bank?
Hi all We (husband and myself) obtained a mortgage in principle from our bank. We've now sold our property and have had an offer accepted for another but we have a completion date of 15th August (just over 3 weeks!). All solicitors are happy with this and bank said they could do it... except the mortgage advisor only comes…
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Large deposit - low income
Hi, After being turned down on a 5% (accepted in 10% but at the time we did not have the money) mortgage earlier in the year, we got an idea of what was required to get a mortgage. Since then we have been left some money (65k) and have more than enough to apply for a mortgage based on our previous earnings. Since then I…
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FTB Shared Ownership Property
Hello, My girlfriend and I are currently considering a property that's available on shared ownership with a stake of 55% for 66k. We currently have around 25k in total. My initial thinking was to save to around 37/38k and look for a house around 130-140k, with a deposit of 30k, up to 2k in fees, a couple of grand each to…
