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Buying new house off plan. Should I get a new mortgage offer?
Hi, I am in the process of buying my first house with my partner. It is a new build and I am buying using the governemns help to buy (equity loan) scheme with a 5% deposit. As we are buying off plan, our mortgage offer has been in place since August. We have exchanged contracts and expect to complete at the end of…
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Pay back overdraft or put into savings before full application?
Hi all, Looking for some advice if possible please? I am currently in the process of applying for a mortgage. The house I have reserved won’t be built until April next year, and most of the deposit I have will be coming from my bonus, a gift from my parents and my savings between now and then. At the moment, I have £950 in…
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Life insurance/critical illness cover on mortgage - yes or no?
We are going to be contacted soon regarding this. We plan to get both of these things but wanted to know if we are better off getting them ourselves through a comparison website or if we are better getting them connected and through our mortgage company?
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Do I have any chance at all for 95%???
Hi everyone, I have £5200 as a dep for a property which is £80000, I am a FTB who wants to do 95% I have recently cleared of all my debt, credit card, loan, and HP. I had a brief chat with Natwest who advised me that I could not get more than £23000, but in fairness one of my previous defaults was with them, although not…
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Credit reference agencies who uses who
Thought it would be a good idea to share experiences of Mortgage applications and who uses what Credit reference agency? Anyone agree? Think the last update was 2010
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Gifting deposit money
Hi Wondered if I could seek advice. My sister is buying a property and I am gifting her approx £10k for the deposit. Her solicitor has asked me, even though I have done a "gift letter" to also swear and sign a "declaration of solvency" and also arranged insurance. I presume to ensure if something happens to me it won't get…
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First Time Buyer RBS Help
Hi guys fairly new to this website but it is an absolutely magnificent forum plenty of helpful information. Anyway I have a couple of questions hope you guys can help. Basically I have placed a offer on a house at 77k. I am going through a broker. I have gave him my p60 bank statements and wage slips for the last 3 months…
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Platform remortgage
Does anyone have experience of remortgaging with platform?
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Bad credit but equity in house
We have a house that is valued at an estimated £170k. Our mortgage is just under £98k. We have approx £25k debt (£8k of this to family) and do not have a good credit score - loans to pay credit cards etc etc and have been on a payment plan with debit line which we are about to end and pay direct instead. Our income is one…
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Mortgage on a newbuild
Hi all, After some advice. We are buying a new build property and have been strongly advised by the builder to use there IFA which is a company specializing in new builds. The house is 220000 and we have 10% deposit from the sale of the current home which we are part ex-ing and an offset account. The builder are paying the…
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'passed to senior underwriter' is this normal?
Hi, my mortgage advisor told me today that the Building Society received the valuation report back (valuation was done friday just gone) and that my case has been passed to a senior underwriter to carry out final checks, this should take 3 to 4 working days. Advisor tells me this is a 'normal process' and although we are…
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What info does Mortgage provider ask when contacting HMRC
Hi guys, Bit of an unusual question but does anyone know what infornation a mortgage provider/underwriter requests from HMRC when trying to verify a borrowers earnings? Is it a simple earnings to date total, an earnings (and tax deducted?) breakdown week by week (or month by month) or something else?? Thanks in advance.
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Santander valuation time scale
Does anyone know how long Santander are taking to carry out survey/ valuations at the moment? Mortgage offer (subject to valuation/ survey) was issued on Friday, but not sure what time scales we are looking at for full offer. Also, do Santander often issue retentions? I know there is a bit of a damp on one wall and I am…
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Property/mortgage after my death
Hi I am in my early thirties and was very recently diagnosed with cancer. It has been diagnosed very late and I probably have less than 6 months to live. With hindsight, I obviously should have taken out life and critical illness cover with my mortgage, but I didn't as I was single at the time (and believed myself…
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Got debt, is it possible to remortgage?
I am paying a ridiculous amount on my mortgage but I have debt and often live in my overdraft. My house is worth £150,000 and I owe £65,000 - I haven't missed any payments but my current lender (Bank of Scotland) is saying I can't change. I'm paying £491 a month. I appreciate on paper it doesn't look terribly good but I…
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Mortgage, poor credit and DLA
Hi, I have a complex situation I guess. I am a home owner, we have some equity, should be enough for a deposit on another house. Our house is far too small for the size of our family and we have needed to move for years, but its got much more urgent with the children being much bigger. The urgency has been added to with…
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Mortgage for 2nd property - residential
Query. I own my house outright as have paid the mortgage back in full. I want to purchase a 2nd property which I intend to move my parents into. So it's not really a buy to let as they won't be paying anything....I will pay the mortgage because I don't have a mortgage to pay on my own property. Is this allowed/permitted?…
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Chance of getting a mortgage on DMP and CC Debt
Been on here a few times, just wondering if anyone could help with a possibility myself and partner are looking at. We currently live in a house co - owned between myself and my ex, its on standard bank rate and obviously will change whenever it goes up. We want to move on with our life as been together 4 years and get a…
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Mortgage query
Hi, going to be applying for a mortgage in the next few months and worried about some things on my credit report. I have sometimes used my credit card for cash over the past few years. Haven't used it in the past year for this though. I have one late payment on a credit card in June 2012. I'm currently contesting this with…
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Consent to Let & 2nd Property BTL
Good Morning I have a consent to let / buy to let query that hopefully someone can answer for me. I currently own a property for which I have consent to let on the mortgage. I wish to purchase a second property on a buy to let mortgage, is this allowed or do I have to be an owner/occupier? Many Thanks
