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Quick Mortgage question ... How long to wait?
Hi, this is my first post on here so sorry if i blab on abit, Long story short, My boyfriend is wanting to buy his first house, had a offer accepted in june, Applied for mortgages through a broker but due to 2 hire purchase things on his report , he kept getting declined , and this resulted in credit searches been put on…
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5 Year fixed @ 2.89% How long will this rate last.
First Direct are doing a 5 year fixed rate of 2.89% for a 65% loan to value mortgage. The fee is £1500 and its guarantees you this rate for 6 months but if you do not complete in that time you lose your fee. I need to sell my property and am concerned that I may not be able to sell and buy a new property within the 6…
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Mortgage application risk
Hi, I recently switched banks whilst I was in my overdraft. To pay off the account I agreed to a payment plan the overdraft was £614 and I agreed to £100 a month. All was well I was making my payments, to the stated dates. Anyway I looked at my Noddle account this month and they said I had been over my overdraft limit for…
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Is it normal procedure to go to underwriters? Virgin Money mortgage.
Hi all I have been accepted (in principle) for a Help to Buy mortgage with Virgin Money. I have used a broker because of adverse credit from years ago, all of which have now been removed from my file, apart from an Arrangement to Pay. I called Virgin for more information about how sound the AIP is, the representative said…
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Implications of transfer of equity
I am considering lending £15,000 to someone to get their business started in return for a healthy profit. As security they have offered to add me to the deeds of one of their properties. I am trying to work out the implications of this but everytime I think I understand I confuse myself with questions. If anyone could help…
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Buying House in New Area with New Job
Hi, this is currently hypothetical, but we're looking at moving back up to West Yorkshire from Hampshire in about a year's time. We currently own a house with at least around £40k equity in it (market dependent) and would look to buy a house that was much cheaper (we paid £201k, we're looking at under £125k for the new…
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Extremely nervous - need to apply for mortgage
I'd like to move, so a mortgage application is required but I'm a money worrier. It'll be approx 60% LTV (£100k mortgage required) on joint earnings of almost £37k. On paper the calculators will offer us around £135k. But we use most of our £1k OD each month although obviously clear it every month. Would it adversely…
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Help to Buy 2 - chances of getting Mortgage?
Hi Myself and my partner are about to apply for a Mortgage for a new build and wondered if any Brokers on the forum may be able to give us a guess, based on their experience, of the (estimated) chances of being accepted. My income - £38,370 Her income - £20,000 My outstanding loan - £7000 Monthly payment £236 Her…
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Been accepted in principle!
After lots and lots of stress (and it's no where near over yet!) we have finally been accepted in principle for a mortgage with precise! Rates are high but hopefully we can remortgage in 2 years. So I'm wondering how good this AIP is? I know it could still be rejected at full application. Do they credit check you again?…
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Recreation premiums for mortgage application
Hello there, I am currently applying for a mortgage with my partner and we are having to fill out a budget planner showing our monthly outgoings. One of the boxes to fill in is to say how much we spend in "Recreational premiums"-what does this actually mean? Recreation is anything you do for fun but do they mainly mean…
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Selling a property without completion certificate for loft conversion.
Hi all. Wanting some advice please, mainly from Mortgage advisors but any help is welcome. I have a one bedroomed bungalow which has gone through a sale an collapsed as the purchasers solicitors has advised them not to buy as the property is "unmortgageable" The property is a one bedroomed bungalow with a loft conversion…
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NRAM mortgage mess
Hi, I am wondering if anyone can offer any advice on options on my sisters situation please? Basically she has one of the NRAM together mortgages - made up of mortgage and unsecured loan taken out around 7 or 8 years ago. The mortgage is now in about 20k negative equity when taking into account the mortgage and loan. She…
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First Direct and Architects Certificate
A few months ago we agreed a mortgage in principle with our bank First Direct. We spent a lot of time provided details, proof of earnings, outgoings but everything was agreed and we were just looking for the right property. We have now offered on a new build nearing completion with a local small builder with an excellent…
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New Bellway Build - New Mortgage Helpline?
Hi We have just paid £500 to reserve an Off Plan Plot with Bellway and they referred us to their 'New Mortgage Helpline' people. We got an AIP from Halifax through them but due to my partner going away for 2 weeks, we cannot complete a full mortgage application before then as they can't get us an advisor out in time!…
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Single Application (But Married) - Broker won't even consider me...
Just looking for anyone who may have been in a similar situation to help give advice...and not sure if its best here or on the bankruptcy thread... Am recently married and hubby had just been discharged from bankruptcy. We've never had a joint account, loan, etc so was my understanding that we are not financially linked…
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1st Time Buyer
Hey Folks, Forgive me if this has been covered before but i'm in middle of my 1st mortgage & getting nervous. I have been saving hard for a year and have got together enough for a 90% mortgage through NW. I was in with them recently and they described me as a prime customer, i presume that is a good thing. I have a savings…
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N-Ram.. Which credit ref agency do they use??
Hi I have an existing joint mortgage with N-ram. This is with my ex girlfriend. We separated 7 years ago but she is still named on the mortgage. When we split she ran up loans and cards in my name which I stupidly refused to pay resulting in my credit file been a mess. I am now attempting to clear the debt and fix my file…
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key facts illustration
Hi there I have been to see my broker today and she said the mortgage has been approved with leeds building society,I got my key facts illustration today could anyone tell me what stage I am at??,also they said it was just the valuation that needed to be done now. any help would be apprichated many thanks
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European Bank Direct Debit Query
I have a Spanish Euro mortgage (used to be with Lloyds Int but now sold to Sabadell) and I also have a Euro account with Lloyds in the UK from which I pay euros to my mortgage account. Since Sabadell have taken over the mortgage, I am being charged 18 euros per standing order transfer of money they receive (Lloyds are not…
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Chances of being offered a mortgage?
Hi, I made a few large scale errors with money a few years ago, and defaulted on a couple of credit cards and a loan. Each of those defaults are due to drop off my credit report in the next 6 months. I am however still paying the amounts off (outstanding balance of circa 13k I am think). In a year of so my partner and I…
