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Self build mortgages
Hi All Im looking for information about self build mortgages. Websites of mortgage lenders seem to me to presume consumers know the product fairly well. I dont know anything but its an option Id like to explore. Does anyone have experience of self build mortgages? any hints or tips on best buys or what to look for with a…
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Mortgage saga and payday loans
Hi all, My boyfriend and are in the process of applying for a mortgage with Santander. We are looking at 300k property and have 15% deposit saved. This is our situation...my boyfriend had 33 payday loans between 2011-13 (I had no idea and he is fully aware of how stupid has been) as well as a few missed credit card…
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Can we get a further advance at 60?
We have an interest only mortgage for another 14 years and would like to borrow 20k for home improvements but would like to know if this is a possibility With our mortgage lender? We still owe £217k and had was valued recently at £330k?
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Help To Buy Elegibility
Hi all, Ive been given an agreement in principle for an 85% mortgage at the maximum I can borrow. I have been looking at houses in my area and there are a few new builds around and accept Help to buy. The reason for the maximum of 85% is due to an early problem on my account, I switched banks and set up a monthly repayment…
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Our situation; Want to try to get on the ladder ASAP
Husband and i returned from living abroad, been back 18 months now. Husband just changed jobs though and earning £18000 pa. should get plenty of overtime. Im not working at the moment as looking after our 2 yrs old. we get about £6000 child benefit, tax credit and Working tax credit. Will probably go down this year though.…
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Documentation requests from lender..??
Newcastle Building Society Have Carried out Numerous Credit checks on us during this Application. However Now they are asking for a full credit report printed from Experian.? what's different in the report to credit checks, Problem is My partner has signed up with Experian and we have to wait for them to send the security…
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overpayments
I have been with YBS and have been offered 2.49% 3 year fix (no fees) on 75 k remaining of mortgage, which I am happy with. I asked about making a one off payment and was told I should delay the transfer for one day, make the one off payment and then commence the new deal the following day. There is 10% restriction on…
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Remortgaging soon with added partner
Hi MSE folks, just a quick question. I have my RBS 5 year fixed rate ending soon and I have lived with my partner for some time now in my house (100% owned by me). She has a large sum of money (20k). We intend to remortgage to both our names on the deeds and add the 20k to lower the LTV value and hopefully get a better…
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Further along getting prepared for the application
Hi all, Been a few weeks since last thread. After speaking with various people and keeping a very close eye on the threads on here we've decided we are going with York!!!!! Building Society. Been on their website, were looking at 2 houses around the 95k mark and we earn 41k together. We have no debt and no overdraft…
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Gross pay for mortgage affordibility
I was hoping someone could clear this up for me please. I've used some mortgage "how much can you borrow" calculators. Each ask for gross pay. What exactly do mortgage lenders mean by gross pay, considering that some say you shouldn't include productivity / bonus / overtime pay? My payslip is formed as follows: Total Gross…
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How to maximise Mortgage amount
Dear All, I always considered me to be financially savvy ( I think :) ). I have played the 0% credit card game very well without being over exposed at any one point in time. Currently, I have over 13K in various credit cads on 0% deals (both 0% balance transfer and 0% on purchases deals). I pay minimum payments on all…
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mortgage life insurance after divorce
What happens to mortgage life insurance after divorce? Does it need to be changed even if only one person is paying but both names stay on the mortgage agreement? Also do home buildings and contents have to be informed of changes?
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Will I be rejected for a mortgage by the woolwich?
Hiya, first time to this site so sorry if my post is in the wrong area. Basically I'm out of mind with worry at the moment so really need some advice! Basically my husband and I are applying for a mortgage with the woolwich at the moment. We have a 40% deposit on a £750k house. We are at the same time remortgaging our…
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Mortgage Broker
Hello, I am looking for a mortgage broker specialising in adverse credit in Swansea South Wales. I have saved a deposit of £17,000 and i'd like to discuss my options, I have a settled default on my credit file from July last year for £314.00 which I believe puts me in the adverse group when it comes to lending. Im having…
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Natwest mortgage via broker
Hi guys, I wondered if you could offer me some advice? I'm a first time buyer and had my offer on a house accepted at £115k. I have £11,500 for a deposit and using a broker. I earn £40k a year and have a car loan at approx £248 and about £6k on a credit card. My broker informed me on Wednesday my mortgage had been accepted…
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Mortgage vs undesirable statement transactions
Hi All, I realise there are other posts around this topic but each seems to focus on its specific circumstances. If anybody feels like giving their opinion on my circumstances I would like to know if I am worrying with or without cause. I am moving house with my spouse and as part of the mortgage application process need…
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Can't increase above 40% SO mortgage - next plans
Hi I have made initial enquiries through a broker. My fixed rate morgage comes to an end in August. I own 40% of a SO properly, current full value around £180k but has been rising 10% for two years. I bought my share for £62k and the outstanding mortgage is £51k. I have been refused further borrowing for staircasing today.…
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Cashing in Endowment policy
I've got 20 months left on my mortgage of £36000. I pay interest only on £17500 as my endowments will more than cover this bit of the mortgage and I repay the £18000 (approx). Amounting to £1050 per month. My current mortgage deal is coming to an end and I'm not being offered any deals because I have less than 2 years to…
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Anyone done this before...
Hello I wondered how common the following situation is: My boyfriend and I have recently decided to buy our first place together. He has savings of £35k ish and I have none unfortunately but my parents have committed us £3k towards our first home. My salary is £53k (I used to have debts hence no savings YET but never…
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What does this mean?
Hi, I have a mortgage going through with Natwest. We sent them February statements that went up until the middle of the month - today they asked for them to go to the end of the month (have just sent them to my broker). My broker forwarded me their email with the request for these extra documents, and it said 'We have…
