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AIP agreed but actual application refused
My husband and I had an AIP approved to remortgage with our existing mortgage company (HSBC) as our existing fixed rate is coming to an end. We wanted to move to a new lower fixed rate and take out extra to pay off credit card and make home improvements. The new mortgage amount would have meant only an increase of approx…
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so nervous could it get declined by underwriters
Our offer got accepted this week on a property we have fallen in love with for £122,500. We have a deposit of £65,000 and a mortgage of £57,500 My husband earns basic £22,500 and I earn £7000. Sometimes it varies what I earn month to month but the mortgage advisor worked out my average and my yearly income. We have a…
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Mortgage after an IVA
Hi all, I'd be grateful for some advice please. A bit of a background myself and OH started an IVA in Aug 08 which was paid with a F&F in November 2012. All credit reports for myself and hubby are now clear with all defaults removed and the files look OK with good scores. We would like to now buy a house OH is now 46 so…
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HSBC Stress Test Rejection? Advice and Help!!!
Hello, Me and the wife are in the process of buying a new house (the seller is buying ours - just to make things more complicated!). We're selling ours at £145k and buying at £170k. We've had our DIP from HSBC but our mortgage has been failed on the Stress Test - at present our outstanding mortgage also with HSBC is for…
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Mortgage in principle
We have an offer on our house and are looking at others to move to. I hear you cannot now get a Mortgage in Principle from a lender. I was told we have to see a house we want to buy and then contact a mortgage broker about that specific house. My question is how do we go about house hunting without one? Doesn't that delay…
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Releasing money from a property whilst awaiting it's sell
I have a property that is going on the market. It's current value is 180'000. I owe 8'000 on it. The market is very active in iur area at the moment. I have a holiday home in Spain which I have a mortgage but wish to purchase a larger property and then either rent or sell the smaller. I have seen a property I like, but…
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Title deeds query
Hi all. Im hoping someone can help, admin feel free to move the post if this is not the best place for it. I have recently paid off the mortgage on the house and have received the title deeds. a number of years ago i took out a secured loan with welcome finance, which I'm still paying back. Like i say i have received the…
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Fee free accord mortgage broker
Hey, I have a BTL and am looking for a mortgage broker who doesn't charge me a fee and deals with accord. Anyone know one? Thanks for the help in advance.
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CeMAP study aids/revision for trainee mortgage advisor
Hi, Can anyone point me in the right direction to some study guides or revision material for the CeMAP qualifications please?. I have recently secured a position as a trainee mortgage advisor and as it is a complete career change (previous experience in emergency medicine and LA benefits) I wanted to study in my notice…
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Do I have any rights?
My husband and I are in the process of ending our relationship. The house we live in with our children is in his name. I have paid the mortgage and all the bills for the past few years. Do I have any rights to the property? Can he force me to leave? At the moment he says he's not leaving so we live together living separate…
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Escaping from mortgage broker
My son is in the process of buying his first house, and was persuaded by the estate agent to use both their conveyancing services and their mortgage broker (both part of Countrywide). The conveyancing process is under way, but on the mortgage front all we have is a DIP through the broker with Santander (i.e. nothing has…
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Help! Need a broker
Good Evening, Well, I have posted a few times recently about a potential adverse credit mortgage. My husband and I were going to wait until February to start looking, but a new build company has contacted me to today to let me know that one of the houses we are interested in has been dropped 14k for this week only and now…
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Buying a new build with help to buy
Hi all, I've been using this site for a while, but this is my first post! I want to buy a new build property in London. The property goes on sale in October 2014 but isn't ready to move into (isn't finished) until September 2015. * To buy the property you need to pay a 10% deposit in October 2014, then the remaining 90% in…
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Single Person Mortgage
After years of being together I'm separating from my husband. I've currently moved out of our home to my parents house with three children which isn't ideal. Everything is fresh and emotions are high but I need to get my housing situation sorted asap. Ideally I want to sell the house chain free pay off my personal loan…
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Loan to buy house with no income
Hi, I'm not sure where exactly this goes. My girlfriend has been living in some kind of council house, she says the association that owns the house has told her she can buy the house for £20-30k after living in it for 4 years which is coming up so I am thinking of our options. I checked values online of similar near…
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Statement of earnings???
Hi all. I'm in the middle of a mortgage application and the lender has asked for a statement of earnings from the HMRC from my wife as she gets paid in cash. Now she's not self employed or anything, she's PAYE and we have already provided them with previous P60's and current wage slips. She just gets her wages in cash…
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Sharing house query
Just want to hear your views guys I own a small house and pay 250pm mortgage and my girlfriend has a separate house which costs her 500pm. She has asked me to move in and says I should pay half the mortgage as rent. This means I will not get half the equity as I will not be on the mortgage. Her argument is that because I…
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Can Bank apply endownment to the mortgage it chooses?
I have an interest only mortgage and three principle and interest mortgages. When an endowment policy matured the bank took the money off the interest only mortgage reducing my payment by about £17 per month, however the amount would have paid off one of the other mortgages saving me over £300 per month. Is this legal ?
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Is it worth switching to this new deal?
Hi all I have/had a Northern Rock NTogether 125% mortgage from 2007. (35 year deal) Current house value £160k Mortgage outstanding £135k Unsecured Loan £15k Total debt to NRAM now is £150k We are 'Interest Only' on the mortgage part at SVR 4.68% and pay £550 a month. With the loan part at £100 a month capital+interest at…
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How to safely get a mortgage with your partner (advice please!)
Hi guys, So I'm looking to get a joint mortgage with my partner. We're in a bit of an awkward situation because earnings are different and so are deposit. We're looking at our first property which is roughly 175k. I have 50k deposit and they have maybe 2k. We have been together for 8 years and neither of us plan on going…
