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looking for advice on timeline
I have just managed to clear off a significant amount of credit card debt (over £38k) due to saving and money that my parents had given me. does anyone know how long this will take to work through the system so that when i apply for a mortgage in principal decision that it doesnt show up as owed anymore. I have read that…
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Deposit query
Hi all, I am currently trying I buy a house, I am married but making the purchase alone. I have been approved for HTB and have submitted my mortgage application, but am worrying about my deposit. Right now all of the deposit is in my account, but about half of it came from my husbands account - will this be considered a…
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Declined for mortgage in June last year - impact on mortgage app now?
Hello :) Myself and my husband applied for a 95% mortgage with Aldermore last year (June) and were declined at underwriting stage due to "current account conduct". The reason we were with Aldermore in the first place was several missed payments within that year on my husband's account. Mine was clean. We've now saved up a…
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buying a house and worried ruined chances
We've been in our house for almost 4 years and decided nows the time to sell and get somewhere bigger. We should have about 42,000 equity in house as owe £86000 ish and valued at £130-135000. House we've seen is £150000 and would put either all equity down on house or minus £10000. Problem is that stupidly this month I…
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Can I get a mortgage with a missed payment
hi there, I will keep this as short as possible. I have had a mortgage for 6 years and have never missed a payment Untill December 2013. I missed 2 payments in December 13 and Jan 14 due to loosing my job. I got a new job and have been paying perfectly for the past 13 months. The complications arise in the fact that the…
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Buy a flat to rent while looking for house
Hello me and my partner have over 80k cash ready for our deposit but can't find the right house and have been looking for 6 months. I would like , if there is a way to use some of that cash to buy a small flat to rent out and then us the flat and the rest of the cash as a deposit when the right house comes up? We have a…
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Early repayment charge - sorry it's a long one
Hi guys. I am after some advice on reclaiming my early repayment charge back from my mortgage with Natwest. In short the customer adviser at Natwest advised I would get the full amount of just over £1500 back in a lump sum, should I take out a new mortgage with them and complete a property purchase in 4 months. Now, having…
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Dreaming our first home...
[long and detailed post=on; hope you prefer detailed posts other than generic ones :) ] Hi all, my girlfriend and I are planning to approach the mortgage market in the next few months, so we can buy our first dream home. In the past weeks I have read a lot around mortgages (many thanks to you all guys for all the useful…
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getting a new mortgage?
Hi guys If I wanted to buy a house and my salary currently is at 20k. My wife earns 15k. could we use joint income for getting a mortgage? Also to get more higher mortgage. Can I use my current house as a security? There's no mortgage on my current house it's bought right out.
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Fixed term ending new rate 4.95% Help
Our Fixed term is ending and the new rate is 4.95%. I can renegotiate a new deal but without knowing what a good rate is for our type of mortgage it's tricky. Last time I just said the rate was unacceptable and they said no problem have this new lower one which we fixed at. We will be paying £813.98 a month on this new…
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Exchange of contracts and completion date
Just a quick question. Due to exchange contracts with solicitor next week on a new build home. The house is not complete yet. My question is does the builder have to give an exact date of when the house will be built (completion date) Or is it a rough date? I would prefer an exact date? But we all no problems can arise i.e…
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Mortage for a property not in 'commutable' distace
I am currently living and working just outside of London and trying desperately to get onto the property market. In my naivety I didn't take into consideration that the distance between the property I want to buy and my place of work could effect the mortgage decision.(260 miles) My plan is to live at the property I am…
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pensioner parent mortgage options
Hi, My mother is 72, a widow and is selling her property to move towns. She has an equity release on property being sold... not a good solution, so keen to sell and rescue remaining equity. She will clear about 100k from sale and is looking at options to purchase new house at 150k. She wants to fund this somehow. Options…
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Problems with 'loyalty' mortgage with Santander
We have a legacy A&L current account which as far as we're concerned is now with Santander. We log into their website, have their logo on our cheque book and statements. It's used for all our DDs and our salaries are paid in every month. We applied for a Santander/ Abbey mortgage last November and then 'upgraded' our…
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Progress i think???
So yesterday i received my KFI from the TSB. Over the past 10 days i have had a DIP from TSB, following a visit to the branch. The bank had asked for multiple documents, which i provided. The bank even contacted my employer for a reference and proof of earnings. After all was submitted to the bank, i noticed there have…
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First Direct want Copy of Structural Defects Warranty
For my mortgage application First Direct want a copy of a Structural Defects Warranty. Does anyone know what this is and how I go about obtaining one. The house I am buying is a new build and is only partially built. I contacted the Persimmon sales advisor and he didn't understand what they were requesting. He just said…
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Self employed submitting accounts
Hi, I'm a sole trader and I've met with a mortgage broker who gave me a mortgage based on my last 3 years accounts. Along with my deposit and the maximum I could borrow I am currently still needing to save extra money towards my deposit. By the time I have this money saved I think it will be mid April 2015 and therefore I…
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Shared ownership mortgage application dilemma
My partner and I have put in a joint application for a shared ownership property. We were approved and allocated a plot by the council and are now ready to proceed with our financial interview to assess eligibility and then proceed with the mortgage application. Our combined income at time of reserving the plot was £65k,…
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Mortgage Chances
Hi, Just looking for some advice/tips/encouragement??? on getting a mortgage in about 12 months from now. Some background- although we have owned property in the past we sold our last property in 2011 and were left with very little equity. Trying to keep a very long story short but after closing a business in 2007 we took…
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Mortgage approved ?
Hi I have applied for a mortgage with nationwide . I have just seen that they have taken the mortgage fee of £895 . Does this mean out mortgage has been approved? Many thanks
