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Zopa Account holding back mortgage application
Hi Has anyone applied for a mortgage where their deposit is in a Zopa account? Zopa website does not give any online or written statements and the only evidence I have received was two excel files with deposit/withdrawals. I'm worried this will not suffice. What would I need to satisfy the mortgage application? A letter…
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Please help. FTB Advice needed.
Good Morning. We are in a bit of a predicament and I thought I'd ask for some advice before moving forward. We have recently had an offer accepted on a house and a Mortgage Broker has been looking into possible mortgages. My partner earns £16800 and has been informed that he could get the £67500 mortgage that we need but…
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Mortgage term ending - capital unpaid - what will the Market do?
With another thread today from borrowers near to retirement with outstanding funds on their mortgage I wonder what the Market will do to handle this problem. With large numbers of householders who do not have the capital to secure their property outright what is the answer? Sell and downsize is sound advice but is it…
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Mortgage in Principle expired
Hey all, I wondered if anyone could help me with something we were going through with a purchase when then Vendor passed away so everything went on hold to wait for the probate our mortgage offer expired, requested an extension but they said no, then two days later the probate was granted! Our broker re-applying with the…
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Equity or deposit?
Hi There After some thoughts on this as the two mortgage brokers we are dealing with are contradicting each other! We are about to put the house on the market and buy a bigger house now that we have kids. We are unsure what to do with our money, as we have about 40k equity in the house but then we have a further 50k in…
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How can we do this?
I'm on my daughters account here. I would like to buy a house across the road from us for her to live in. On monthly outgoings I can afford it but do not know how to do it. Me & hubby have joint income of £54,000 we owe £75,000 on mortgage which has 15 years left to run. House is worth approx £180,000. House over the road…
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Buy to let question
I am 63 years old and my current mortgage deal comes to an end in 18 months time at which time I will have an outstanding debt to The Halifax of £160K which I will be unable to pay. The value of the property is approx £320k. My wife and myself would dearly love to remain in the property as we are unlikely to find something…
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Best mortgage for fixer upper investor?
Hi there I've owner occupied a couple of houses and then sold after a number of years, making a profit. At one point after meeting my husband I moved out of my own house and rented it out, becoming a BTL landlord for a couple years and getting a BTL mortgage. I'd now like to buy, renovate and sell on (not BTL) a property…
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New application with change of circumstances
We're thinking of downsizing, unfortunately my other half is currently out of work, our current mortgage is joint. Having done some fag packet calculations my wage will cover a new mortgage and all the bills ok. Will we be able to apply for a joint mortgage or will it have to be a single application by myself? Obviously my…
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Choice of mortgage payment date
Hi, on taking out my mortgage last year I chose 25th day of each month as my payment date. However, I note from my annual statement that the monthly payment due date is the 1st day of each month so in effect I am paying 24 dayslate every month. Will this have much effect on the amount of extra interest I pay over a year…
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Advice please on Let to buy mortgage
Hi I need to buy a bungalow asap as my mother had a fall and now has limited mobility and I would like her to live % of the year with me. I own my house outright so could rent it out to raise money. I need something fast as she will be out in 3 months and I would like to look after her in the summer holidays when it is my…
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Landlords - what type(s) of mortgages you have and why?
Hi everyone, I'm just about to apply for my first BTL mortgage and I was curious what products other landlords go for and why. I want to choose a repayment mortgage and to get a 5 years fixed mortgage as we might never get these good rates in 2 or so years. Also do you all go through brokers or apply directly to the…
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Mortgage and charging orders
I would be grateful for some advice. I am planning on applying for a mortgage with my husband but I am concerned as before he divorced his ex-wife, their business went under leaving a lot of joint debt between them. He says following their divorce, he claims he "walked away with nothing" from the property they owned…
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Dealing with a joint mortgage when a relationship breaks down?
How do you deal with a joint mortgage when your relationship breaks down? I'm splitting up with my ex-partner, it has become inevitable, staying in the same house with her is becoming pretty intolerable and we both need to move on, we just about have tolerated each other living in the same house for a few years now. We…
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Halifax Mortgage Application
Hi, Mortgage application with Halifax, valuation instructed but Halifax have asked for a further appointment. Mortgage is direct with the Halifax, is it normal to ask for another appointment?
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Silly mortgage questions
Apologies for the silly question, but I can't seem to find a clear cut answer (or one that I understand at least.) When you have bought a property, and you come to the end of your mortgage deal, if you look at new deals do they carry out a valuation on your property? And then base your new mortgage deal on the current…
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Reimbersed travel costs - included in lending calculation?
I am currently trying to apply for a mortgage, and I’ve spoken to a couple of mortgage brokers and financial advisors but keep getting conflicting advice. I earn a basic salary of 18.5k, but my company also subsidise my travel to London, which I pay for on a monthly basis and claim back on expenses. This works out as just…
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Accord mortgages?
This is who our mortgage broker has suggested we go with due to our circumstances of having a consent to let property in the background plus my husband having old (post 6 years) defaults with a number of mainstream lenders who I am afraid to approach in case they still have his details on some kind of internal blacklist.…
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FTB with Nationwide DIP and Adverse credit - what are our chances?
My partner and I had an offer accepted on a property three weeks ago. Before the offer we spoke to a whole of market broker who said we had a good chance or getting a mortgage. After the offer was accepted we went back to the broker to get a DIP and also spoke to natwest and was advised that nobody would lend to us or…
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Company Director, 25% Owner, 2 Years, Mortgage?
I need some advice. I've been a company director for just over 2 years, and I own 25% of the company (so considered self employed). I was recommended a mortgage advisor who just didn't give me any confidence, so in my frustration I ditched them rushed into trying to sort a mortgage myself. I applied with HSBC and received…
