-
Mortagage App rejected cos of pension!
Hi, Has anyone had this happen to them before? We have had our mortgage application rejected becuase my husband contributes too much to his pension!! Our credit files are both good/excellent so can't understand this. Would be interested to hear if anyone else has experienced this before and if we should appeal the…
-
mortgage application with unsecured debt?
Hi Is it possible to apply for a mortgage if you have some unsecured debt? We have good credit and there are no issues with out ability to repay etc. How would this affect us? Our current debt level is quite high at around 40K but we are looking to move in a couple of years when it's likely we will owe between 10-15K
-
Property owned as an executor - Equity Release??
Further to my thread about the difficulty of getting a mortgage due to the new affordability criteria, I had a further thought.... Is it possible to get an equity release type loan on a property owned as an executor, so that it could be repaid in full once the property is sold? Would a whole of market mortgage broker be…
-
UK Mortgage - Returning From US
I have looked around different forums and picked up bits and pieces that are relevant but nothing that matches my situation - so here goes. Hoping some regulars on here can advise... I left the UK in 2006 when I was transferred with a large multi-national to New York. I will be transferring back in a month or so. My time…
-
Re-Mortgage Refused - Any advice greatfully received
My husband and I have a property worth £395K with a mortgage outstanding of £219K. We would like to re-mortgage to consolidate our debts of approximately £80K into our mortgage. Unfortunately due to illness and my husband having to care for me we have racked up debts on credit cards etc. We went to our bank and mortgage…
-
Satisfied Default for £156 6 months ago
Just found this on my credit file, some lenders won't give me a mortgage, does anyone know who might!
-
Confused!! Building a house in garden to pay off existing mortgage
Hi, Myself and husband have a few ideas to get our current mortgage down. We have some land on the bottom of our garden where we can build a 2 bedroom bungalow. The question is how to go about it.... My mother in law is willing to lend us the money to build the house which we have to pay back on completion. Say £70,000 My…
-
Mortgage porting and topups
Hi all, Im in the process of selling and buying a new house which will be more expensive. My current mortgage still has a year to run on the fixed rate so I understand that I would need to take out any additional borrowing with the same bank at the current rates. I have a couple of questions im hoping one of the mortgage…
-
illness cover to get a mortgage
Hi we need help, Trying to reclaim our critical illness cover we were required to take out through a financial adviser in order to get our mortgage, only to find out a year later that we actually didn't even need it! trying to get it back from the Financial adviser company but they are asking were did i get the advise to…
-
2 older applicants - best mortgage provider?
OH and I need a short term mortgage. Me 60 yrs pension £10k OH 64 yrs with permanent job with salary 21k We need £60k mortgage which we will repay in full within about the next year by the proceeds from a inherited house being sold (That should be around £225k). Have we got a hope in hell? LTV is about 33% and we would…
-
New House Build Mortgage
Hoping someone can help My partner is hoping to buy a New Build Flat, he has a deposit of £15k and the flat is £127450. As he is in Scotland, the help to buy scheme has run out of funds for this year. From what I have read he would be eligible (subject to normal lending criteria) for a MI New Home scheme mortgage, which I…
-
Is now a good time to buy a house or should i wait?
hello we know house price as gone off the roof recently and i feel they are just too expensive with so many people trying to get on the property ladder. Just wondering if now is a good time to buy a house with the rising house prices or wait till the interest rates rises and the market cools off. Any one with experience…
-
Mortgage help needed please
I gave up work to have the kids so my income is only what I get in tax credits and child benefit, I also have a personal loan in my name with fairly sizeable monthly repayment, as a result husband will be making the mortgage application as a single applicant. What we’re a little confused about is our joint bank account……
-
First mortgage payment
Hi, When is a lender likely to request the first mortgage payment? E.g. if I were to complete on 01 Aug is the first payment likely to be 01 Sep or some time in that first month of Aug? Also, is the lender likely to use the payment details that I provided to my broker, or will they send out a form requesting my details…
-
New mortgage rules and income evidence?
When the mortgage rules changed the press was horrendous, no one could get a mortgage and banks were trawling through bank statements and rejecting everyone etc. Those who have recently had mortgage offers, is it really this bad? We have had an AIP from Halifax and they said all they need is 3 months payslips from hubby…
-
New Mortgage Rules
Hi, Does anyone know how the new mortgage rules will apply to someone coming to the end of their fixed-term. I have an outstanding mortgage balance of £180,000. I just went online to see how much we could borrow when our fix-term ends and it looks like we can only borrow £97,000. The new calculator asks for information…
-
Mortgage Query
Hi , i will be applying for mortgage in the coming months. I was thinking of applying for a joint mortgage.I have excellent credit rating , experian 983 and Equifax 488. However my concern is , my wife has been in this country only for 2 years , She got bank accounts and couple of bills in her name , but apart from that…
-
shared ownership mortgage with Halifax help!
me and my partner applied for a shared ownership mortgage and we received our mortgage offer last week. We have a solicitor in place who sent us a letter with the words 'I need to address a few issues with your lender' I called her straight away asking what was meant by that? she said that halifax could withdraw my offer…
-
Help to Buy
This is very much in the early stages of planning as we need to pay off our debts before we can move! OH and I have a house that we estimate to have £15000 equity We're looking at buying our next home (family home) but we would struggle to purchase as we have such a small deposit. House would be between £200,000 and…
-
Mortgage Offered... but now bank is investigating further?
Hi all, I received a mortgage offer from Halifax on the property I'm willing to buy a month ago (5% deposit). Today I heard from the solicitors that Halifax didn't give the OK to exchange and completion (I'm aiming to complete on the 15th of August) because of the searches reports. The flood searches came with a high risk…
