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Best Approach For Self-Employed Mortgage?
Apologies in advance - long post warning! Having returned to the UK 2 years ago after several years overseas, I should shortly (after submitting last year's tax return) have 2 years of SA302's available for my self-employment. My wife doesn't work. I'm looking for a steer as to best route for a mortgage now or even…
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Changing jobs while applying for mortgage
(Note: this is fairly hypothetical - this isn't actually something I'm planning to do, but a conversation today has prompted me to check where things would stand) I'm currently applying for a mortgage and purchasing a house. The mortgage application asks whether I'm currently in a probation/trial period or similar, and I…
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Should I pay off the repayment part of mortgage?
We currently have part repayment and part interest only on our mortgage. We now have enough money to pay off the repayment part, I am wondering if it would be worth our while paying off the repayment part of the mortgage, or whether to pay a bit off of the interest only part - or even just to keep the cash. Does anyone…
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Halifax SA302 Icome
Had a look at their criteria but can't find the answer and was wondering if anyone on here could answer based on experience? I'm using salary + Dividends so I have provided SA302's. 2013-2014 SA302 is £14.5k more than the 2 years previous. Do they take an average of x amount of years or if will they be happy with the most…
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Can much be done about the banks automated valuation amount?
I'm looking at re-mortgaging but the valuation given by BOS is too low. It's estimating it at almost exactly £100k, which was explained previously as being essentially the sale price at the time (8 years ago for £115k) adjusted by market trends, assuming the house stayed the same. I have a hard time believing the house is…
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MSE News: Urgent warning: EU remortgage rules could create mortgage prisoners
MoneySavingExpert.com explains how new EU rules could affect you if you're looking to remortgage... Read the full story: Urgent warning: EU remortgage rules could create mortgage prisoners Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Letter to Halifax | 44 years old and "Too Old" to remortgage | Halifax odd couple
Dear Halifax I am writing to you on behalf of myself and my husband. I am compelled to write this letter as feel I would like to inform you of our frustration and extreme disappointment at the recent outcome of several mortgage and financial review appointments with our Halifax Derby branch. My Husband and I made an…
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Are we in a better standing now?
Hi I'm just wanting to know if we are heading in the right direction and if our mortgage ability is improving I started in the forum near on a year, me with a banruptcy and my credit file still a mess, Dh with a default caused by me going bankrupt on a joint loan and a credit card and overdraft balance totalling £6600 we…
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What can go wrong in the time between getting our mortgage offer and moving in?
We have just put our reservation fee down on a new development, our plot will be ready in September. Our financial adviser is applying for the help to buy scheme, but he doesn't think we'll have any problems with that. We already have our mortgage in principle with Halifax. After we receive our authority to proceed from…
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Worried about Halifax DIP
My partner and I are in the process of putting in a DIP with Halifax. We received an AIP recently passing afgordability. I am concerned about my application for the following reasons: 1. We are just inside afgordability. I was accurate with income and outgoings. My afgordability was close to 226000 and I am looking at…
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Advise please - retired needing a mortgage
Please can someone help as my brain has stopped working. A family friend has a property up north that is not selling and wants desperately to move down south. She is 65 and retired with the state pension and a private one bringing in a total of £700 a month. She has a partner who retires in 5 years and he works earning…
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Is my mortgage placeable
Hey Guys, Long time viewer but this is my first post. I have adverse credit (I'll list it later) I am just wondering if any one thinks i will be able to get a mortgage with the following information. deposit - I have 14,000 Defaults: Number 1 - Default date - 02/11/2011 - settled 30/12/2013 - £340 Number 2 Default date -…
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fingers firmly crossed again....
So, after Natwest declined our application and I saw the light and found a new broker (not the Countrywide guy who cost us 6 weeks and me a few grey hairs) New broker applied to Santander last Monday and has confirmed today that all documents are received and our application is ready for an underwriter to assess. Do the…
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Adverse Credit Mortages
Hi All! I am relatively new to the site and wondered if anyone has had any experience or tips in obtaining an adverse credit mortgage? I have started to clear up my credit file and added a notice of correction ect and my ultimate goal is to own my own home - but I have no idea where to start when it comes to getting a…
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LV mortgage endowment shortfall
Can someone please give us some advice in 2003 following a full financial review a shortfall on our mortgage endowment was identified what's the problem I hear you say well, we were not informed instead two small savings plans were sold for our children! Late last year when we received mortgage statement we noticed…
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Will this affect me when I want a morgatge
Hi Due to my mums health she wants to get her house in my name, as she is worried about inheritance tax & it being used for her care etc It is fully paid for, me & my girlfriend are renting but plan to get a mortgage in around 2+ years, if I did go a head and get my mums house in my name would this affect me & my partner…
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trying to understand AIPs
I have two AIPs, btu I will probably go with neither when it comes to getting a mortgage. I thought it'd suffice to show when looking at properties to show I can get a mortgage ok. But a broker did suggest getting one for the mortgage I'm going ot go with to make the process faster when I see somewhere i want. Thing is…
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New mortgage but small gambling transactions
Hi all, After seeing another thread on here about big gambling debts it prompted me to ask a quick question. My OH and I should (finally!) be buying a house very soon. We have no debts at all (just one student loan but this will be paid off in Sept) and we do not have or use an overdraft. However, my OH does like a bit of…
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Can I remortgage with large debts already and gambling transactions too?!
I have gotten myself into a huge hole and I can’t see a way out. I just want to know if it is a possibility to remortgage adding credit card debt when I already have large debts (2 unsecured loans totalling £ ). My current mortgage is £76K and the house is worth approx. £120K.I am looking at remortgaging the credit card…
