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Affordability question
Hi All My wife and I recently had a baby and so are looking to move to a larger property. We currently have a morgage of £145,000 and pay £600 a month. Our house is practically sold and we had decided to rent but are now having second thoughts. My wife is not returning to work. My question is around affordability. I…
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Evidence Required Repayment Plan Interest Only Mortgage
I took out a 12 year interest only mortgage 5 years ago which ends 2021. Got a letter today from my provider Lloyds who insist I provide details of my repayment plans for the principal sum at the end of the mortgage. I had always planned to sell the property in 2018 to clear the mortgage. I do not have a repayment vehicle…
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Applying for a new mortgage and not declaring current mortgage
To cut a long story short I bought a flat with my ex about 8 years ago. The flat is still in mine and her's name but I have not had anything to do with it and ended up giving it to her years ago (unofficially as name still on there) I decided to have a look at it last year as my name was still on it and it was 4k in…
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Remortgage
Has the market gotten extremely tighter or what? Bar a CCJ for £1000 from 2010 that was settled a back in 2011 my credit file is decent, no missed payments in 5 years. A lot of settled accounts, and have a large amount of credit available. I was assured by my financial advisor that there would be a mortgage product…
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Unsure of next move
Morning all My OH and I are in the process of selling his house and buying a house together. We found the house we wanted quite quickly and, as houses in our area sell so quick, my mum lent us the deposit difference so we could go ahead with the purchase before we sold his current house. Purchase of new house is…
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Mortgage help - relocating
Hi, I would like to apply for a mortgage to buy a flat in Bristol. I currently live in London and and am in permanent employment, have a good credit rating and on electoral role etc, so feel I would be in a good position to get a mortgage. But if I was to do this and be given a mortgage I would be looking to buy a flat in…
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DRO and mortgage
Hi, I am currently around 4 years into my DRO. I am a single parent with an total income (including benefits and job earnings) of around £18900 My son and I are at the parents place until August next year. We plan to move out then as space is getting tight. I would rather if possible get a mortgage then rent as it's dead…
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3 years proof of address
Morning all, So I’m in a bit of a pickle. I’m applying for a shared ownership mortgage and my mortgage broker is asking for 3 years proof of address. They will only accept a bank statement, utility bill or ‘Memorandum of sale from a housing association’. My issues are: I’ve moved home 3 times in the last 3 years My utility…
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Fixed Rate Expired but want to change to BTL in 12-18 months, what to do?
Hello.... I realise seeing a broker would be my best bet here, but I was just after a bit of general info / advice first, to see how things lie at the moment. My situation is I currently own a 2 bed flat worth £110k (maybe £115k at a push, for a valuations sake). I paid £105k for it in July 2009, but as you can see by the…
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Sale fallen through. What happens now?
We applied for a mortgage with Natwest via a MA in late July, which was accepted in early August. Since then, our vendors have pulled out of the sale. We have found another house and will be putting an offer in tomorrow. My question is, do we have to go through the process of applying for another mortgage all over again,…
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FTB Mortgage Probability
Hi All, Myself and my partner are looking to purchase a property within the next few months. We are planning on a 5-7% deposit using the help to buy mortgage guarantee. Our credit ratings are both excellent on experian. My last missed payment was in April 2010 and my partners was March 2011. A month or so ago we were…
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2 Residential mortgages?
Theoretical at the minute but potentially a situation i'll be in shortly Currently own a place in location A, mortgage around £1000 a month, rent the second room out to a friend for £450, LTV around 85%, property value £285k Have looked into jobs elsewhere in the country and were i to be successful i would be entitled to a…
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Critical Illness cover without life insurance
I am a single person in my 30s with a mortgage. I have no children. I want to buy critical illness insurance for my mortgage. However, all providers seem to offer it as a bolt on to life insurance. On the price comparison websites; critical illness cover is a bolt on to life insurance. I do not believe that I need life…
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Advice on probability of getting a mortgage?
I am thinking about buying a house in a few months but want to do some research into feasibility before I get my hopes up! I'm looking at a budget of around £85,000 - £100,000 with a minimum deposit of 5% but possibility of upping deposit to 10% depending on house value (due to help from parents). I am full time employed…
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partners money paid into my bank
Hi all My boyfriend was out of work for a while but has since got lots of work and his wages have been paid into my bank as I pay all the bills etc. It's all legit tax paid etc I have been transferring some of it into his bank. I'm looking at buying my first property on my own. Currently renting. I know if you apply for a…
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First Time Buyer - Mortgage Advice Required
Good afternoon all, Finally (after 12months of searching) I had an offer accepted on a property, yesterday. I am a first time buyer and it's been a long time since my parents went through the process of selecting a 'ideal' mortgage so I am hoping for some advice regarding best practice, it seems there are 1000's of options…
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Lenders view on sharesave schemes
Im looking into re-mortgaging in the coming months, as my fixed rate expires at the end of the year. One thing that has changed since my last application, is im now putting away £200 per month in the company sharesave schemes. So what is the correct way to handle this on a mortgage application? Would it be viewed as a…
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Most 'lenient' lender?
My wife and I are looking to remortgage as we are on the Halifax SVR at 4%. We recently applied through Santander (to take advantage of their rates for account holders) but they won't lend us enough. We want to borrow £300k on a house worth £380k. Despite not having missed a payment ever, we failed with them on…
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Any tips for filling in new mortgage application forms
These sound like a real pain in the bum, so would be glad to hear of any top tips people have for making sure you get it right! We're not FTBs and are not borrowing a great deal extra so I'm not too worried about the outcome, but any help appreciated to minimise stress.
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Halifax Mortgage First Payment
Hi all, hoping someone in the know can assist. I am due to complete on my mortgage on 31st October and just trying to figure out or guesstimate when my first mortgage payment will actually be. I have read through the mortgage offer and it sort of makes sense but I am struggling to apply to my circumstances as my mortgage…
