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Halifax Mortgage Application - FTB
Hi, I am a first time nervous buyer looking for some advice - we are buying through the Help to Buy Equity Loan Scotland - which we have approval for. We have reserved a new build and received a mortgage promise from Halifax on 22 January. We are going through a mortgage Broker who submitted the full application yesterday,…
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removing someone off a joint mortgage?
basically the chances of getting another mortgage when you are already on a joint mortgage I believe is very slim, due to the fact that it shows up on both your credit files that you have a £xxx,xxx mortgage debt. So I assume its easier to get a mortgage to buy another property if you apply without an existing mortgage.…
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Siblings joint mortgage ?
I am considering gifting a deposit for my son (and his wife) and daughter to allow them to buy. Both have a small amount saved but do not earn enough to buy on their own. I was thinking of a house which could be informally adapted so they can have a floor each ,so they are sharing but have their own space. After a while…
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Computer says ‘NO’ - Trouble with credit rating?
Hi all, I’m applying for my first mortgage on a different property since 1997. I re mortgaged in 2007 on a very nice buy to let rate from C&G, eventually ending up as TSB mortgage, now with 7 years remaining. Finally, in January of this year I’ve rented that house out and now officially live with my partner somewhere else.…
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Change of Ts & Cs without telling us.
We've had a Northern Rock mortgage for several years. One of the reasons we chose it was that it offered payment holidays - a feature we have found to be very useful. As we need a new boiler we decided to get ourselves a payment holiday. It's always been very simple: a quick phone call to confirm a few details and voila -…
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Overpayment, when to do it?
Hi guys, I am finishing next month my 2 years fixed rate mortgage at 2.99% (still other 13 years left though) and I am renegotiating it for another 2 years fixed rate at 2.19% interest rate. The balance to pay is still £108,000 This year I haven't done any overpayment, so I can give the 10% of the remaining balance. The…
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decision referred
Completed online process for DIP with my banks and decision referred...they want accountants certificate for primary emplyment. I am due to see the bank for the 3rd stage, so hopefully things can progress. I have no loans or debt apart from student loan. I have been self emplyed for nearly 7 years. I have never used an…
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Mortgages and CCJs
I have a CCJ from 2012 which I fully satisfied last year. Unfortunately it's still going to be on my credit record until 6 months after I turn 40 and I'd like to get a mortgage before then. I know some lenders will consider borrowers with CCJs but I'm seeing a lot of information like "Barclays would also consider someone…
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can i buy a new house while on maternity leave?
I dont know if anyone can help but to cut a long story short.....For lots of personal reasons I really need to move house and as soon as possible but currently on maternity leave- will I be able to get a new mortgage while on maternity leave? (I only renewed my current mortgage last year)
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Mortgage - should I switch??
Hi there. I got approved for a mortgage of 70,000 back in Oct 2011. In Apr 2014 I moved my mortgage via a mortgage advisor believe it or not to the same company but on a better deal (currently 3.14% whereas before it was 4.5%ish) as it currently stands I have £55,412 left outstanding and I am wondering after seeing all…
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Pls pls someone help !
Hi all,after reading for years in this forum decided to write here now as v r stuck pretty much for a mortgage. As a short story,dh is doctor worked for nhs more than 12 yrs in full time employed paye alongside locums paid through company with an accountant.from last sept 2014 he is only on full time regular locums works…
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Fixed Mortgage Question
Hi all In 2012 we bought our first house and got a 5 year fixed rate mortgage at 2.99 from Santander. We have 2.5 years left but wondered is it worth remortgaging with a new lender at a lower rate? I'm seeing lots of adverts for rates below 2%, even as low as 1.49%. I assume Santander will penalise us somehow for…
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Woolwich question
Hello A significant proportion of my income is commission based. Had a browse at the woolwich intermediaries page and it lists commission at 50% and 100% for multiples with slightly different requirements for packaging. Are there lenders that would take commission as 100% income if I can show over the last three p60s that…
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Interest Only Overpayments or Remortage ?
I wouldn't mind some opinions on our current situation as my wife and I are split on the best way to approach this. Current situation: 32 yr term 127k on IO 2% above BBR so currently 2.5% and 124k on repayment 3.99%. combined interest rate of 3.26% with a LTV of 73%. We are not happy with the term of the current mortgage…
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Suggestion needed:Single or joint mortgage
Hello Experts I am going to be a first time house buyer and started looking for houses now. I am earning member and my wife never worked so far due to childcare. Is it necessary to include my wife name in the mortgage(she never worked)? What are the pros and cons as a single mortgage responsible person? Please suggest what…
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Fee saver First direct advice please
I am looking to remortgage with another provider rather than Nationwide. I have 20 % LTV and have been mortgage customer of Nationwide for 10 years however I have hit a problem trying to remortgage due to them having problems with our address. I had a decision in principal when we were going to move in August last year and…
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Mortgage/Loan advice
Hello everyone, Looking for some advice in regards to my mothers mortgage, here are the details I have to hand without going with her to the bank... Was a right to buy mortgage, my mother also borrowed slightly more to improve the home. She has been paying her mortgage for about 12 years. She had to get out a loan with the…
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Promise this is my last question?!
Hi all:) I'm so sorry to bother you all again, but I've had facts and figures going around and round in my head for the past week and am slowly driving myself mad!:rotfl: There are just too many options and as the mortgage appointments seem to take forever to arrive, that leaves more time and more options for me to find…
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Large spend before mortgage
I'm currently in the process or trying to buy a flat, but I didn't time it too well as I'm also about to get a new car which requires a deposit. The deposit for the car is around the £5k mark, I was originally planning to put this on an interest free credit card and pay it off £500 at a time, but I'm worried about this…
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Property check came back with a damp problem
Hello, I am a first time buyer and I had a valuation and property check done last week. It has come back today with - damp affecting ground floor walls, including entrance lobby, sitting room and the kitchen. - affected chimney breast(penetrating damp) to the gable wall in a bedroom and front elevation in the same bedroom…
