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Advisor fee
Hi all, Just a quickie: The advisor I used last time (who's very nice), has now moved to another company and my renewal is due. She is still whole of market, and her fees are the same but she now charges the £195 which is payable on application (where last time it was on completion). Does this mean I will physically hand…
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Can we apply for a mortgage with HSBC if I never repaid ....
Hi Ok so about 10 years ago I had a loan with HSBC and didn't pay it back, lost my job etc and just ignored the letters. I know wasn't the right thing to do but that's what happened. Now can myself and my partner apply for a mortgage with HSBC??? I have checked my credit report and there is nothing showing on there. I now…
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MI New Home scheme in Scotland
Has this ended? I've seen some references online of a March 2015 date but also September 2015 for the scheme ending. I've just tried to find some info on nationwide's website and the section has been deleted wondering if anyone knows for certain? The scheme offered 95% mortgages on new build that allowed for part exchange,…
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The cost in time and stress
I am indebted to 'addedvaluebob' this morning for kicking my cage with his posts on another thread around the use of mortgage brokers. Bob says... 'You paid a broker to do something you could do yourself and cost you £350. I thought this forum was about moneysaving but this thread seems to be more about mortgage brokers…
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Right to buy Remortgage
Hi all, I'm looking for some advice regarding remortgaging on right to buy and hoping someone can point me in the right direction. I've applied to purchase my home under the right to buy scheme. The purchase price provided is £75k which sits well within budget. However, I'm wanting to raise additional funds for…
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Mortgage gone to the Underwriters??
Hi Everyone, I have recently had an offer accepted on a house, as a first time buyer. We've sorted out the solicitor and also chosen our mortgage company. Once the mortgage company had all the information that they required, they submitted the mortgage for us, through their automated system. She told me that a response is…
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Shared ownership
Hi has anyone bought a shared ownership property if so wat kind of deposit did u need, 5% of your share or 5% of total property value? New to the idea of buying and have got confused.
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a mortgage with part time job?
hi all, wanted some advice !! i am a part time employed doctor working weekends nights 3days/week in which my monthly gross salary is £4000. i need a mortgage for £22000 as i m moving home,as mine is sold and ltv is around 46% how likely are my chances to get a mortgage?? and is it difficult to obtain one as i am in part…
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Wouldn't letme change to an interest only mortgage.
Was on a repayment mortgage. Never missed a mortgage payment in last 10 years. Clear credit history. Wanted to change to interest only (£70 per month). They said no. Advised them original terms of mortgage allowed change to interest with nominal admin fee - photocopy sent. They still said no. I said bye bye. Re-mortgage to…
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Why can't I get a buy-to-let?
Hi there, my friend and I would like to buy an investment property and have all the money we need for a deposit, but the banks will not give us a mortgage. I was wondering if anyone has a solution / way around this at all? Admittedly we are in a unique position so it is understandable we cannot get one, but any help would…
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Can we get a mortgage?
Hi Everyone, I need some advice. Please be gentle with me. My husband and I would like to buy a house with a mortgage, but I'm not sure how we would go about getting one. This is us... -Husband earns £31,000 gross with no debts, no credit cards and a good credit rating. He had an IVA for 4 years and that ended almost a…
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Child Maintenance Payments
As I do not receive child maintenance either via a court order or the CMS, I have been asked to supply evidence that it has been paid in the last two years. The bank is unable to categorise these payments together so I am going to have order statements for the last 24 months. Can I black out all the other transactions so…
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How much is too much?
Im 33 my wife is 35 and we earn 40k and 35k respectively. Our mortgage stands at 88k with 19yrs left. We've seen a house that we like that would take our mortgage up to 225k. This seems mental to us so I was wondering what kind of levels other people are mortgaged up to.
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Foreclosure on rental property or go into unsecured debt?
Hello, I'm new on this forum but I'm looking for some advice. We have a very small rental property that we have been trying to sell for almost 3 years now. It's too small for most people (900 square feet or so), so many people are not interested in buying. We are having trouble keeping tenants renting for a long period of…
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High income multiple
Afternoon, For anyone interested I have just been offered a mortgage with Natwest for just over 4.5 times single income with 2 dependents. Deposit was 15%.
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Damp repairs sorry anouther question
Hi again sorry to bore everyone again with this. My situation is frankly crazy my Lender have said they wont make an offer until all repairs are completed. These repairs are full damp course and woodworm treatment. so 100% retention on funds basically. The people doing this work has refused to do this until the house is…
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Gifted Deposit - Contribution from me
Hi All, For the purchase of my property, all of the deposit will be gifted by my parents and is a non repayable gift etc. Towards the deposit I will not be contributing and I was wondering whether banks would find this a problem? I received a DIP from Barclays and the MA didnt mention anything about it.
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Can i mortgage a property to raise money to build another?
Hi there I have a property that i rent out which has no mortgage I am about to embark on a selfbuild for myself- i have about 60per cent of the money but wondered if i could raise the money on the house i rent ? Or would i need a self build mortgage? Thanks
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Not in work long enough?
Last year I was made redundant in March and found a new job in July (my partner is in full time work). We recently applied for a mortgage via a broker and my work history was made clear in the initial forms and we received an OIP. We have now paid for the searches, but it's been mooted that the mortgage company wants to…
