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Nationwide - Proof of Income
I've just spent a long while on the phone with Nationwide which is who I have my mortgage with. I asked them if I wish to borrow more (I might buy my brother out of our property), how many payslips do they need? He said only the most recent. I get paid different amounts each month as it all depends when my boss puts…
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Understanding the Interest on the Mortgage
Hi, Could someone please explain the following, My wife took out a Mortgage and we moved into our home Feb 2014 The mortgage is 3.84% 3 year fixed rate She got her end of year statement and the following summary Opening balance as of 01 Jan 2014 Advances £148750 Total Interest £5196.36 Less Payments received £7683.67 (Feb…
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any hope for us?
Hello, im hoping someone can give me some advice. My husband and I have recently applied for a springboard mortgage with barclays, we have banked with them for over ten years. We were initially declined but then managed to pay off two of our larger debts (a loan with barclays and our car finance)and then given an agreement…
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Remortgaging to buyout ex-partner
Just wondering if anyone has any experience of this situation. My ex-partner and I own a house, which we're both currently living in. We are in a civil partnership. Our mortgage on the house is paid off. The house is in joint names, and we've put equal amounts into it over the years, so in our minds we do genuinely own…
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Deposit Source
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Long post - credit report help, Nationwide mortgage.
Hi all, I am 30, single, earn £24k a year been there 18 months. I bank with Nationwide (8yrs), and I've had a save to buy account with them since the 1st September. The terms of the save to buy is that I have the savings account for at least 6 months, which would be end of Feb. I've seen a house I really like and want to…
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Survey?
Will natwest still instruct a surveyor even if they have no intention of lending.?
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First time buyer advice?
Okay so me and my partner decided to approach a mortgage advisor than approaching bank directly. He ran credit checks and took the relevant information he needed and he came back with lots of different quotes and he chose the one he felt would be best suited too us,as we matched their underwriting criteria. How ever me and…
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Nationwide additional borrowing on mortgage
Hello, partner and I completed on house purchase 9 months ago. Lender is Nationwide and we're on a 5 year fix @3%, payments are manageable. We are now about to undertake home improvements and although we have built up our savings pot we would like to borrow another £75,000 to cover anything unexpected that may come up with…
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Mini-mortgage, swap over?
Hi, I bought my house for £118,000 and I have a remaining balance of around £16,000 on my mortgage. I am currently on my bank's standard variable rate of 4.79% and I have a remaining mortgage term of just over 8 years. I would like some suggestions and advise on whether there are any companies out there that I can switch…
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Trying to fix bad credit because I'm DESPERATE for a mortgage
Hello everyone... I've read a lot of posts on here over the years... and learnt a lot... but this is the point I need more input than I can find through searches. I am looking for a mortgage for my first home. I have a "very poor" credit rating of 376. I have one CCJ showing on my credit file All debts showing on Experian…
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Credit card or loan
Hi I have some tax money that I owe and not sure whether getting a loan or if possible a 0% credit card is my best bet. I've read briefly that a transfer credit card is good for people with debit under £5k. Can I still do this as my debt isn't on a card or an overdraft. Please any help would be amazing. Thanks B.
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Mortgage info help please
My son currently does not have sufficient deposit to qualify for a mortgage on a house. He was considering renting whilst continuing to save. Seems like wasted money to me and I am willing to lend him £140000 to buy the house. He will pay me £850 per month for 2 years which I will hold in a separate account. This will then…
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X-WIFE and Mortgage.
Hello, learned people of MSE. Will try and keep question short. Ok, May 2011 filed for divorce as Ex had an affair and still with and subsequently married him. They have been living together with my young daughters since. 2012 divorced. As part of divorce settlement, ex would take 35% of net profits when I sold the house.…
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Mortgage Arrangement Fees
it's been a long time since I used the services of a mortgage broker so I am a little out of touch with some of the fees that could be levied nowadays. I'm aware of the following possible fees that might have to be paid:- Product fee Mortgage admin fee Valuation fee Are there any others that could be potentially levied? I…
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What does it mean if my mortgage application has been underwritten?
Hi there I'm a FTB, and I'm just seeking clarification of what it means if my mortgage application has been underwritten? My broker confirmed this today. Many thanks in advance
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Debt and a remortgage application
Hello, Lorg time lurker, first time poster. I'm looking to remortgage at the end of August and am trying to make sure I'm in the best financial position to do so at that point. I currently have a loan (£7.4k, 4.8%) and a credit card debt (4k, 0% until April next year). The reason for the debt was a complete house…
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Previous poor credit history - mortgage application
Hi there, I've previously had poor credit history. I had two defaults registered in October 2010. My credit history since then has been absolutely fine. I currently have a credit score of 864 on Experian. I'm looking to get a mortgage with my wife who has an Experian credit score of 876. Our combined income is £69,000. We…
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Where do I claim I live for mortgage
Sounds daft I know. But hear me out. We sold our house and moved into the inlaws 2 weeks ago. We were meant to move into new house last week but that fell through. I redirected all post to inlaws and as yet have not changed anything for myself or wife regarding addresses. Not a sausage. So we have now got to apply for…
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morgage and dependants debt
Hi I have recently been in touch with a mortgage broker and when discussing affordability I stated that I had a dependant with some outstanding credit card debt, the mortgage broker told me I didn't have to disclose this debt as she is a dependant. I am worried that if I don't I am going to get into trouble, so thought I…
