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Mortgages & endowments

Archives for February 2015

Woolwich - proof of income
Please can someone offer some advice. I'm applying to the Woolwich/Barclays for a new mortgage. I 'm self-employed and have sent them the following. SA302 P60 Signed accounts from my accountant HMRC online tax summery They have returned all these saying they want proof of income! What more can I provide?
Couple looking to buy - possible to have mortgage in only one name?
Morning folks - hoping someone can help me. If a couple were looking to buy a property and one party would require a regular mortgage funded purchase and the other had the cash available to buy outright, would it be possible for just one person to take a mortgage? E.g. Purchase of 100k, person A has 10k and a 40k mortgage,…
2nd mortgage due to separation.
Hi. Just looking for some advice. My wife and I have separated. She is going to buy me out with the help of her parents. However she has said she needs 3 full time wage slips before she can apply for a mortgage on her own. At which point I'll be taken off join the mortgage. So I currently have enough of a deposit and have…
FTB Help DIP ok, what else could go wrong?
I have a DIP with Nationwide, does this mean they have done a credit check and all is ok? I am doing help to buy and have the authority to proceed. 25/02/15- Full mortgage application is going through with Nationwide Valuation booked for Tuesday 4/3/15, its a new build and the house has been reduced for a quick sale so I…
Mortgage advice twice declined after AIP stage
We have sold our house after getting a AIP and we have now been declined Virgin declined our full application as the deposit came from our old house which is in joint names and this house is in my partners only. He has the salary and 990 credit scoring. Mines poor and no salary! Is there no way around this? The mortgage…
obtaining old proof of address..help please?
Our MA just rung me to inform me that Newcastle have instructed A survey for the property on Tuesday, However they require some documents because we were not on the electoral roll at our last rented address due to being on a short let they require our proof of a address from that address like a bank statement where on…
Too much mortgage
I plan to buy my brother out of our house and nationwide have said they will lend me a total of £220,000 (pretty much how much I need). But if I actually go ahead and do the application and they decide it is too much to lend for whatever reason, do they just reject me straightaway or do they come back and say, well we…
Can we get two sole mortgages?
Hi, Currently we have a joint mortgage but looking to sell. Is it possible for me to get a mortgage on a property myself and my wife to then get a seperate mortgage on another property? Thanks
Lloyds mortgage deal too good to be true?
We currently have a mortgage with Nationwide on the base rate (2.5% variable - 23 years left - balance of £70k - overpayment of £14k within that balance). We want to try and reduce the cost/term so have enquired with nationwide but their advisors can't get back to us until 16th March. Have looked at existing customer deals…
Going overdrawn during mortgage application
Hi, I'm having a bit of a nightmare. We are in the process of applying for a mortgage with Nationwide and are awaiting approval. That would be fine but Vodaphone today decided to take my phone bill two days early and I am now £40 overdrawn. Vodaphone have admitted they made a mistake and will pay my bank charges but I'm…
Buying a property to renovate & sell on
Hi guys & gals I am intending to start renovating a property as a sideline, and just wanted to query something. In the books I've read so far, the various types of mortgage are discussed (repayment, interest-only, etc.), but what I don't understand is this:- If I'm going to be buying a property to renovate & sell (as…
Secured loan on buy to let property
Hi, I wonder if someone can provide me with some advice. We are desperately trying to buy a home. Our current situation is that we are renting having sold our home to consolidate some debt that we incurred due to personal reasons. We have a deposit of about £30,000. We do, however, own another property on a buy-to-let…
Can a housing development company dictate who I have my mortage with for a new build
Hey guys.... So I have found a house&equality for the help to buy which is fab but the development company have said that I cant have my mortage with 2 certain mortage providers (which are banks) and which I have found out the one has the best available deal at 1.99% fixed rate for 2years which would be perfect....... Now…
Nationwide DIP
I have all my accounts with Nationwide - if I do a DIP with them, will this be a soft search or a hard search on my credit rating? When I have done calculators on how much I can borrow, RBS is better, but would rather stick with Nationwide because that's who I bank with but then if they won't give me as much as RBS, I…
IT Contractor Mortgage
Hi all, I recently applied for a contractor mortgage with CMME and they came back with an AIP of £500k. I have a partner but because of his poor credit rating, I have decided to take out a sole application on a house that has a value of £299,950 and I am putting £30k down in deposit. I have completed the application and…
Remortgage advice from HSBC then.....
Am I an old fossil or is there still people with faces to a voice? I have 10.5 years left on my mortgage, aged 53 and after seeing Martin Lewis on TV saying if your paying over 3% in rates then speak to your mortgage advisor about reviewing your charges. So, I telephoned HSBC today as my SVR is 3.49% on a 68000 mortgage…
Mortgage Needed
Hi All I'm after buying my council house in Wakefield, but it's a WINGET property and I'm finding it really hard to find a mortgage, can anyone help? has anyone bought one recently through a mortgage company as I can't get a loan as it's too much...
re-mortgage advise full time ltd contractor
Hi all. My credit file is due to clear in May leaving only 2 accounts previously defaulted which have been paid in full iv paid off all my debt over the last 2 years and the 2 remaining debts are cards just over £300 which will be paid this month. Me and my partner are looking to re mortgage our house for an extension the…
Interest only Virgin One account change options
Hi, can anyone advise on an alternative to a £100,000 interest only Virgin One mortgage with a 4.2% interest rate and about 12 years left of 25 years? Thanks in advance for any help.
First Time Poster, First Time Buyer!
Hi Guys, First time poster needs to ask advice about a first time mortgage! Me and my partner are looking at buying our first house together next spring (new build on the help to buy scheme) We have spoken to an independent financial adviser (provided by the house builder) who has confirmed that we shouldn't have a problem…

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