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n-ram together mortgage question
Hi this is my first post on here. I was just looking for some advice please. I have a n-ram together mortgage. We didnt understand about the loan part of it at all when we took it out Or we wouldn't have done it. Anyway, we are trying desperately to get a better deal, we have 74000 secured mortgage & 14000 unsecured loan…
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Such a big difference in AIPs?
Hello all, I am looking at Halifax, Natwest and Santander on their intermediaries sites. I am surprised at how big a difference the quotes are with the same info between Halifax and the other two lenders. - We have a combined income £103k. - £380 PCP - Will clear £20k credit card debt from proceeds from the sale of our…
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Documentation Help - How to speed this up!
Hi Guys, HELP, HELP, HELP!! We're THIS close to the valuation being booked, but it cant be done so until I have provided statements to show the zero balance on my loan/credit cards. To cut a long story short, they have only just been paid off and the statement that will show these changes isn't due for another 2-3 weeks.…
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Precise Mortgages
Hello We have just obtained via our broker a DIP with Precise Mortgages, I have a history of adverse credit. We are just waiting to hear back from a vendor re an offer we have placed on a property. I am interested to know what the full mortgage application process is like with them, how long it may take etc...? Thanks Ems
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Contractor mortgage
My fixed rate is due to expire in a couple of months and I shall have to decide whether to choose a customer retention product with my current provider or remortgage (via a broker). I'm a Ltd company contractor with 3 years accounts and I'm 1 month into a renewed 12 month contract. Currently my LTV is approx. 50% and when…
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Mortgage help
Hi Everyone I am hoping to buy somewhere next year and have been trying to get my ducks in a row. I am saving for a deposit at the moment and am aiming for 10%. I have checked my credit files and I have a couple of defaults that will be 5 years old next year. they are from when I was a student, flat broke, moving addresses…
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Timing of mortgage application - FTB
I'm hoping to be in a position shortly to be buying a property with my partner. We will be first time buyers. We will have a £20,000 (approx) deposit which is coming from an inheritance. I am employed full-time earning £24,000, though I will be receiving a pay rise in June to around £30,000. My partner is a full-time PhD…
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Fixed Cheaper than Tracker - Decisions, decisions
I recently moved to First Direct to their 1.29% + BOE lifetime tracker - currently 1.79%. As of this morning, this has moved to 1.49% + BOE - currently 1.99%. However, they've introduced the following fixed rates, which are fee-free for existing customers: 2-year: 1.49% 3-year: 1.89% 5-year: 2.29% I'm really tempted by…
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whats the likliehood of a decline?
We are applying to port our mortgage to a new property we have had an offer accepted on. I've had the 1st phone interview, basic details, salary, what we want to pay and why, what deal we want and why, what we do with savings etc. She said she would then call me with her recommendations. 2nd call she phone to say she was…
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natwest - ccj
I have a NatWest appl in and a ccj from nov 2009 for £332 satisfied in 2011. Will this be an instant no?
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Self build but not quite. What mortgage do I need?
We have a house worth £350000, mortgage about £190000. With the property is a piece of land which in the recent past had planning permission to build a single detached dwelling. Build cost circa £150000. We want to build on the plot ourselves and then sell the new dwelling. Our reasons for building it ourselves rather than…
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Mortgage Problems in the forces
Hi All, I am currently in the process of trying to get a mortgage through a Whole market financial adviser. I am in the Forces and 2 years ago moved back to the UK from Gibraltar. I have an exit date from the Forces in 4 years which has cut the number of companies that will even look at my application. I have been rejected…
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Will foreign income stop me getting a mortgage
I don't know if this will affect anyone else here but the EU will be bringing in a piece of legislation next year called the Mortgage Credit Directive. Its dealing with people who take out a mortgage in a currency different to their earnings, it seems to be targeting people buying holiday homes abroad but will also have…
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Need a let to buy AND residential mortgage, been rejected by some providers
Hiya, Really complicated situation but I was hoping for some advice. We are letting out our current property so need a let to buy mortgage whilst at the same time buying another house so need a new residential mortgage. In nov, dec and jan I had some outstanding payments to an online shopping account which were a couple of…
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mortgage for contractor
Asking on behalf of my brother. He was in a permanent role until he was let go last Summer. He has been working pretty much full time since then as a contractor, on a very healthy day rate. Issue is that he now wants to remortgage. Will any mortgage provider consider lending to him, without a full years trading history?
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Which document is correct?
I have received two KFIs — one from my broker and the other from the bank. Those two documents are identical expect for legal fees — KFI paper from the broker says that I do NOT need to pay a valuation fee to the bank or a legal fee to my conveyancer. So, which one should I trust? Thanks a lot!
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New Job
Hi, How long do you need to be in your job for before you can apply for a mortgage please. Thanks
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Electoral Roll Woes & Mortgage Application
Hello Everyone, Long time reader and first time register/poster here. I'm looking for some advice and perhaps reassurance an upcoming mortgage application I will be making. We've applied had received an agreement in principle (mortgage promise) from Halifax and hope to make a full application shortly if our offer on a…
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Best reason for remortgage
We are planning to remortgage our house in London to buy an additional property in Birmingham. We already enough equity in our house so we could afford to borrow enough to buy a flat outright in Birmingham and still fit within affordability limits on our current house - as far as we can tell. Our questions are: 1. Is it…
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How quickly would you find out if your mortgage application is declined?
Broker submitted application on friday, yes just 2 days ago - a long 2 days ago!!! Selling the house has been so stressful and now we are onto the wait for a mortgage decision - arrggh!! Broker says 4/5 weeks it will take. If you were going to be declined the mortgage how quickly would you know - or would it be after about…
