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Lender requires Payslips
I wonder if someone can advise or help. I am in the process of applying for a mortgage. I have received the DIP and now have processed the full application. My partner is employed by a very small company and is the only employee on the books. Her annual salary is very low and is under the threshold of paying any tax or NI…
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Been offered this mortgage. Opinions please
Me and my partner are looking in the near future of buying a property but my partners new job is fixed term and only has 7 months left. We have no idea if she will stay on beyond this point as it is maternity cover. We have a friend who is a broker and has said Halifax are the only ones who will touch us as my partner has…
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mortgage declined.
We have been declined due to affordability. However, my husband has 2 jobs, and the broker thinks they only took the salary from one into consideration. He does not know why, perhaps it was a mistake or a decision they made for some reason. Would it be worth appealing or trying an application with another leander, or does…
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Advice needed: ex-husband wants to keep house
My husband and I have recently seperated and he wants to keep the house. I have agreed to a settlement for my equity on the property, however, the house was originally bought in just my name (I was a 1st time buyer so it avoided stamp duty) with the mortgage just in my name too, although it was our joint family home. I…
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endowment misold?
Hi everyone if anyone has advice on this I'll be very grateful! We arranged our mortgage in1986, with the Halifax, we were advised by a financial adviser to take out an endowment with royal sun alliance, however our endowment, like so many other people, has a short fall & won't reach amount to repay original loan. We are…
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Subprime mortgages
Ive just been turned down but Nationwide for a mortgage due to my credit rating being poor (my husbands is excellent) and it would be a joint mortgage. Jointly we earn £54,000 pa. Now I have finished paying my DMP we wish to move but obviously the stumbling block is my rating. I was paying over £1000 per month to a DMP…
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Dodgy advice from moneysavingexpert
Was anyone else surprised by the recent email from MSE advertising their comparison the gist seems to be by moving from your bank to earn MSE commission you can save thousands on the SVR. So if you are with HSBC they compare a 3.94% to a discounted tracker of 1.44% plus £999 fee on 65%. Except: - a discounted rate is not a…
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95% newhome mortgage with excellent credit but satisfied default - can we?
My husband and I will be trying to get a mortgage at the end of summer when 2 of my husbands 3 defaults will be removed from his credit record (6 years old) they are all satisfied. 1 will remain, this is satisfied but not due to come off for another 2 years. Since these hiccups (in part caused by the selling of a previous…
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Mortgage/bad credit/complex
My son and his partner have quite a complex predicament so would welcome any informed input and/or recommendations. She separated from her ex- and has 3 children. The former family home has recently been sold and she now has a lump sum to put towards a place of their own. My son, her, the three children and now their…
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Remortgage advice needed please?
Hi. Currently have sizeable mortgage with nationwide on their old standard variable rate of 2%. I.e 2.5/ base I think I can switch to new two year tracker at 0.84 over base. Saving would be about 3.5 k over two yrs However at end I would then revert to their new SMR at 4 %. I'm not minded to fix at this point Should I…
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Placing a charge on a property
Hello I hope this in in the right place. I am at the final stages of a divorce and have been issued a consent order which requests I place a charge on my marital property. I would like to know if I can do this myself without having to pay a solicitor the £500 or so to do this for me... I understand I have to contact the…
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Broker told me everything was fine when it wasn't...
Hi, I've been lurking on these forums for a while but this is my very first post...so bear with me please! :) I applied for a mortgage almost 2 months ago now through an independent broker. Queue a month of passing various documents required backwards and forwards (a lot of my pay is commission so was a bit more…
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santandare mortgages
i am writing for a friend to see if anyone can help took out mortgages 25 years ago and been paying 180 a month ever since however was contacted last week and told that she had 25000 owing and they were going to reposses the house also recieved letter stating my endowment policy was finishing when i phoned the number they…
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What can I do?
I live with my girlfreind in her house and also have my own house that I'm about to put on the market in the next month for around £115,000. I owe £56,000 on the house. I've seen a flat that I want to buy and agreed a price of £57,000 with the owner. However last week I noticed that it is under offer, I've since spoke with…
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mortgage advance leeds building society
Hi there, Spoke with my solicitor today finally got my last bits back from the seller,only took about 2 month lol. Now wanted to ask someone who may have bin through the mortgage advance with leeds and is it quick and straight forward?? many thanks
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Remortgage after BOI/Post Office fixed rate ends
Hi all, Our five year fixed rate (5.25%) ends next summer so I have started thinking about what to do. Does anyone know when BOI send out new offers? I know it won't be for a while. Are they likely to offer us the same deals that they have at that time as advertised, or do they do better (or worse) deals in these cases?…
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Straight forward residential mortgage or not?
Hello knowledgeable folk We've seen a house that we love. Its valued bang on market value of £350k. However the current owner has been running a successful Cattery business from there. They are selling the home and walking away from the business as they are wanting to retire. We have just pulled out of another home as the…
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How do I remortgage on DLA
Hi There, I have a big problem I am 58 years of age and am disabled. I currently receive the higher rate of DLA and also other state benefits such as ESA. I will never be able to return to paid work and am therefore stuck in the situation of paying an high interest rate for the remaining length of my mortgage which is 15…
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Mortgage Endowment Should Have Been Cancelled!
My wife has a mortgage endowment that she bought in 1991. It was never going to reach its proper value and our Independent Financial Advisor suggested we complain. We did and received 7.8k in compensation in 2005. I wrote to them to see how the plan was doing and received a letter today saying a mistake had been made in…
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Advice on seeking additional borrowing on mortgage to clear existing debt
Hi - I'm seeking additional borrowing on my existing mortgage. I have a one-off chance to make a lump sum settlement to write off a NZ Student Loan debt from 20 years ago - and getting this mortgage extension is my only shot to do so. Should I be honest with the bank about what this is for, or say that it's for home…
