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Can my debt prevent my husband getting a mortgage?
Hi all, I bought my home before I met and married my husband. We want to move, but I have credit card debts that mean that we can't borrow enough together. If my husband applies alone we can borrow much more, but the deposit will be from this home, so it will be my money and we have a joint account for all the household…
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Nationwide Referral
Hi, If anyone could offer their advice/help or experiance I would be extreemly thankful. I have applied for a mortgage with Nationwide, which has been refered for DIP. i'm at 85% LTV and do earn commission. This is 32K. Nationwide have asked to see 3 months bank statements and 3 moths pay slips. Do you think this is to…
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Finding an adverse credit broker
Hi, I have mentioned on another post that I am 1 year into a very long DMP and ideally I would like to move house and release some equity in it to pay off the DMP in full. I have spoken to an independent broker recommended by an estate agent however I know I need one that deals with adverse mortgages. The guy I spoke to…
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Norwich Union / Aviva endowment matured
In case anyone's interested, I had a 25 year £50,000 endowment with NU which matured last month . They had always been somewhat vague about their endowment 'promise' to top up any shortfall, but in the end they topped up to the maximum of £10,500 and I received a final amount of £41,300. I'd already paid off my mortage, so…
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Mortgage statusv : Declined - Accepted
Hi Everyone, Recently I applied for tesco mortgage , and my application was approved . When i spoke to them yesterday they told me that my application has been approved its just they are waiting for the insurance certificate from my solicitor and then they will send out the formal offer. Yesterday my mortgage application…
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How will my self employed, poor credit status affect a joint mortgage application?
Hi, thanks in advance for any advice. I'll try to explain our current situation as best I can. My partner and I are looking to buy a house together. I have been self employed since I graduated from university (3~ years), my earnings have gone up and down in the last couple years but remained firmly under about £8k/year. I…
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Consent to Let - Santander vs Coventry vs First Direct
Hi I am thinking of switching deals to end up with one of the above lenders. There is a small possibility that I may need to consent to let in the future and so I am trying to look into which of the above lenders might be more amenable to this / which are more likely to flatly refuse etc. Basically a ranking of consent to…
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Help Understanding?
Hi Can someone help me get a better handle on understanding valuations? we will most likely try part exchange so for examply if a house was valued to sell by an estate agent at 128k, am i right in thinking a house builder sends two valuers out and its an average of what they come out with? or is it all completely…
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Mortgage in Principle- First time buyer
Hi looking to get on the ladder with my gf in end of July this year. Situation- We are looking for 335k house and have 45k saved up, 35k for 10% deposit and 10k for fees. We earn 40k + 30k + 5k bonus and are looking to borrow 300k. We both have good credit scores of over 975 with experian. Questions- 1- Should I be looking…
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Remortgage Question
Hi all, I have 3 mortgage products with nationwide, 2 further advances and the original mortgage I ported when I moved house, the 2 further advances are currently at 3.99% and 3.29% SMR whereas the original mortgage is at 1.49% (with no overpayment penalties) Is it possible to combine the 2 further advances and fix at a…
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Mortgage and existing credit/debt
Just after a bit of mortgage/ debt recommendations. These are my current financial circumstances: Salary £28,500 (I'm a teacher so this is guaranteed to increase each year - it will increase to £30,500 in September) 0 dependants I currently own my flat and have a mortgage for £70,000 with C&G - the flat was valued this…
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First Time Buyer & bad Credit
Hi Guys We are looking to finally buy a place. My worry is that we have a bad credit history. late payments over the years and 2 defaults from 2010 & 2011. - for myself (after uni, didn't pay debts, etc). Anyways fast forward to today, and I am keen to buy a place. I have received a gift from parents and inlaws and can put…
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Fees when re-mortgaging with the same lender?
Hello, My current fix deal will be finishing in a few months and I just had a few questions about re-mortgaging which I'm hoping someone might be able to help me with. If I got a new fix with the same lender (Tesco) will I still have to pay the same fees as if I was coming from a different provider? I've had a look at the…
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Occupiers Consent Form
Hi I am applying for a mortgage in my name only. My partner will be living with me but his name will not be on the mortgage. I understand that he will have to sign an occupiers content form. I understand what this is for, however I was wondering whether this will lead the mortgage lender to check his credit score and could…
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Using a mortgage to get money back of the house?
Good morning all, Have been reading through the threads on the forum for a while now and have as of yet been unable to find advice that may assist in my specific query ... hoping that someone could please help!? I will try and keep this background part short as I can ... Four years ago I bought my first house with the…
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mortgage and poor credit
I lost my job 13 years ago due to a serious back problem I have since had seven lots of surgery and more due this year, as a result my income has fallen by 70% and as a result I have had to register with a debt management company so I now have DMP, despite this I have never missed a mortgage payment, I now have a mortgage…
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Help: Changing Direct Debit charge?
Good morning all I work for an employer that is going to be changing the pay date for all employees effective from April 2015. We are currently in consultation with all staff and one of the questions/issues that keeps popping up is that people believe they will be charged by their mortgage provider for changing the payment…
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Do student loans affect ability to get a mortgage?
Will my husband's student loan affect our ability to get a first time mortgage? The student loan in question is a government loan from another country where he went to university and is still being paid off at a rate of £1500 every 6 months.
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Maximise borrowing for a Tier 2 visa holder
Hi ladies and gents, Hoping I could get some advice here on maximising my borrowing potential. I'm a 35 year old Australian guy that has been living in London for over 4 years and I hold a Tier 2 general work visa which has another 4 years left on it. I'll also be able to apply for Indefinite Leave to Remain in 3 years. My…
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Change interest rate while on benefit
I am with Santander. I am on benefits and receive montly help towards paying my mortgage. The help is paid directly to Santander. I received my statement yesterday. I am paying 4.7% variable interest. I would like to change this to a lower rate. However, when I rang Santander, they were not sure whether I am allowed to do…
