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Port existing mortgage or start from scratch
Hi everyone We have sold our current property and have found another we would like to purchase. We need to borrow £38k more from the bank but im so confused. Should we port our current mortgage and borrow the extra, which will cost us around £150 extra per month or start from scratch and pay the early redemption charge of…
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Buying a foreclosed house?
I saw a really good looking house recently, which I come to know that, is a foreclosed property. I was looking forward for advice to buy that house. When I contacted my mortgage broker, Butler Mortgage, they said that it is possible, but not without some hassles. Is there any advantage as a buyer for buying a foreclosed…
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BTL remortgage to help pay for parent's new accommodation, due to Stroke
Hi all, My mother recently had a stroke and will probably need some care for the rest of her life. She and my father jointly own our family home, worth around £500,000 and it is mortgage free. My Brother an I both live in Denmark, so are not around often to assist, but I have a trusted family member who also manages a…
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Halifax or Nationwide - which one approves Mortgage faster?
I'm looking to buy a property, got a decent deposit and earn a decent income. However, the property in question is from an auction, therefore time is of the essence and I'd have 28 days to get mortgage approval (I know I should have applied earlier). :eek: Nationwide's rates and benefits suit me very well but I've read on…
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combine schemes
if you found a house for say £75K on shared ownership. You pay rent on part of it and mortgage on your shared portion. But to get the mortgage would you be able to apply for the Help to buy scheme to be eligible for a 5% deposit on the mortgage? This is for first time buyers.
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No mortgage at 5% deposit.
So speaking to our broker, the flat we are looking at has a commercial property under it and lenders don't want to lend at 5% deposit. But at 20% has anybody experienced this??
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Does my mortgage advisor actually have any idea??
Well does the advisor actually have any idea?
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Credit Searches Affect on Mortgage Application
I will be applying for a Mortgage in the next couple of months but I am concerned my recent credit searches will affect my chances, In Nov/Dec I was looking around for either a new credit card or loan to move existing debt that was coming to the end of its 0% period. Recently; Santander loan quotation - Not Taken Up by…
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Barclays re-mortgage turned down
Got advised today by Barclays underwriters that they have refused my re mortgage with them.I have agreed a sale on my current property and looking at moving home. They said the reasons were that my wife took out a couple of payday loans a couple of years ago, there is one default 5 years ago that was repaid 4 years ago and…
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Help with mortgage advise with bad credit
Hi all I am looking for some mortgage advice. Me and my husband and are looking to get a mortgage on a house that is £145,000. We are currently in rented accommodation and have been for the past 5 years. We have both been in our permanent jobs for 5 years +, we earn a combined income of £53,000 and have saved a 10%…
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Remortgage how soon to apply?
Hi all, Current fixed rate deal ends March 2016 when is the earliest I can apply to another company for a new deal? Is it 6 months before? What is anyone's opinion on Nationwide's 10 yr fix at 3.04% no fee? Thanks
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Partners poor credit
Default partners poor credit ... Help Recently me and my partner applied for a mortgage in princible to find it been rejected because her credit score was too low. I was told the company the lender checked with was Equifax so i did a report on there and checked it. She doesnt have any credit at all other than a mobile…
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Not Re-mortgaged in 10 years....
Hi, I have a property that I purchased from the council 7 years ago, and I have never remortaged it, im still on my original agreement that I had when I first purchased it. I purchased it for £44,400, and have £36,400 remaining (Monthly payments of £248) - I have paid £20,832 with £8000 off my mortgage. A similar property…
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Mortgage advice for poor BTL investments
I posted this below in the House buying, Renting and Selling forum. I received a couple of differing suggestions on using my saving to pay down the BTL mortgages, or remortgaging my own home at a better rate. One of the replies advised posting on this forum for more detailed info - so any replies to my dilema below will be…
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Is there a mortgage calculator that works from monthly repayments?
Hi, Looking to get a ftb mortgage, Self employed and Net profit is avg of 32k over last 3 years. As SE I presume I will have to show affordability rather than just my net profits. (Although my car expenses are covered by the business). I currently pay rent of £650 P/M. Is there a calculator that can show me how much I…
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Increase in credit card limit - affect on mortgage?
Hi everyone, I recently applied for a mortgage for a new build house and it was approved in December. The house is due to be ready between April and June, so it's just a waiting game now. However, I came home today to a letter from RBS saying that as a valued customer, they are increasing the limit on my credit card…
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Mortgage with parent?
We have found a house we love but due to my adverse our broker is adamant we won't be able to until April (discharged br post 6 years). My OH's dad (50) has offered to get a mortgage with him. We can afford the monthly amount. He already owns his own house with a lot of equity, a buy to let and a business. Is this…
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Proof Of Deposit
I have a quick question, hoping someone can help me out. When would a mortgage applicant have to provide proof of deposit, and when would it be payable. Would it be payable at the point of exchange of contract? Just thinking out in advance. Would an applicant be able to take into account a small overdraft borrowing when…
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Sound Ok
I am a first time buyer. I am a self employed cabbie. I have a mortgage advisor who has advised me to declare £65,000 net this year to qualify me for a £250,000 mortgage (£42,000 last year. Multiple of 5). I am going for a help to buy 95% mortgage. I have an AIP from nat west fixed for 5 years at 5.39%. The advisors fees…
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Mortgage Application seems to moving Quickly
I had an email of my broker this morning to advise that Santander have accepted the mortgage application and now arranging valuation. 26/01/2015 - Submitted to Santander 28/01/2015 - Accepted, Stantander are arranging valuation. Either it is quiet or my broker is doing a good job...
