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Full application with broker
Hello again.. I met a broker last week who went through all my details, income and outgoings etc and took id, and last week got a DIP . He wants to meet me again to do the full application. WHat is the difference between this meeting and the initial one? He advised this request by email and I have asked him this question…
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Remortgage affordability tests
In about 6 months, I'll come to the end of my fixed term mortgage. At the moment I pay 4.2% because when I bought 2 years ago, it was at 90% LTV. Now I'm down to around 50-60% LTV it should work out a lot cheaper if I can remortgage. I'll need to borrow about 4 times income, which I'd have thought would be ok under new…
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Halifax LTV - Underwriter appeal?
Hi All, Looking for some advice/information if anyone can help? My wife and I have applied for a mortgage through a broker. Following discussions we were advised that Halifax was the most suitable for our needs. API (I know its not a guarantee) was approved and we were advised that we could obtain LTV 85% on a property of…
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re-trying to reduce mortgage
Hi Guys, need a bit of advice please. My Son, has a SVR mortgage with Santander, 4.9% approx, always been on it.. He owes £28k, on the house, with 8 years left to run, £300 pcm, approx. I'm looking at how he can try and reduce that rate, Santander say they cannot better it.? I've lost touch with mortgages,I don't have one…
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Desperate need of help - Parents and Housing
Hi All, I am not quite sure where this post should sit. However my parents (in their early 70s) have made poor financial decisions. They have £130k mortgage outstanding and interest only mortgage on a £460k house, no pension savings, refusal to take on state benefits to their entitlement. They are in very poor state of…
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Moving house and new mortgage
I am selling and buying at the same time. I have an existing mortgage, which I will come out of and take equity to pay 20& of my new home. When I applied for the new mortgage I looked at figures based on what I had paid at the time. Since then I have made further payments on my mortgage, bringing the amount owed down. 1.…
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Mortgages and self employed 2nd Job
Hi all, hopefully this is a simple question but but I can't seem to find an answer to it so fingers-crossed you experts can help. Basically I have a full time job and my wife is self employed with 4 years of accounts and we're currently saving for a deposit for a mortgage. I have been considering registering as self…
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Which mortgage should I pay off first?
I have a reasonably competitive mortgage with RBS. There are 2 subaccounts. 1. Approx £74 000 outstanding (at 4% SVR), monthly fee £540 2. Approx £148 000 outstanding (at 1.1% + BoE base rate tracker), monthly fee £920 Both are planned to run for about another 15 years. I pay capital + interest on both. Would it make sense…
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Re-mortgage to clear debt
We have £40000 worth of debt on credit cards and a 75000 mortgage. Has anyone had dealings with companies that would do this? Husband earns 40000 and I earn 18000. Please don't judge our debt. Our mortgage company will not let us consolidate debt (nationwide). Is it worth speaking to a broker?
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Second house mortgage
i have a house under a residential mortgage currently, which I have a consent rent it out as due to relocation on work. Tha rental yield is meeting the mortgage payment currently. At this point I would like to buy another home under residential mortgage, will that be possible? P.s. If any of you are mortgage advisors…
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Bank statements
My current account doesn't look great. It shows Amazon and PayPal quite often and William hill also. I have gambled £1065 in 6 months. Mind you £4620 has been cashed out. I already had a decision in principle but now that I have to provide my bank statements I'm not sure what their take will be on them...
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minimize losses
I want to buy a new-built house for 200k. I have 140k in savings. Is there a way to manage to pay pay a deposit for the home and invest the rest savings, so that I will repay the interest only for 10 years? Or any other way so that I will minimize my losses?
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move to new area
Hi We are looking to move to a new area next year. We will sell this house and want to port our £25.000 mortgage onto the new property. I will need to find a job in new area once there. How does one go about sorting out the mortgage re proof of income? Do they base it on my present job or will I need to have a job offer in…
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Can students get mortgage with the help of guarantor
Hello I'm currently 21 year old student who is interested in purchasing buy to let property (house next door to my family home) with the help of guarantor. My parents have instructed me that the mortgage should be under my name. I know that one of the key factors into consideration of mortgage application is the…
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Sub Prime Mortgage Chances?
Hi there! So, I'm signed in using my sisters account since she doesn't use it anyway, hopefully that's ok? Anyway, I'm hoping someone can give me some advice (perhaps someone may be/have been in a similar situation as me?) as I've a terrible credit history, on the mend and hoping to get a decent deposit saved over the…
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1st time buyer help
Hi, Im looking at buying my first home using the help to buy scheme. Ive contacted a broker who now wants my information to see if we can get an AIP.If this is declined is that it or can we try again? I have emailed the broker my credit report and he says all looks good and he is optimistic but im a born worrier! I have…
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Clydesdale Bank Application - Anyone else
Hi, Has anyone else had a mortgage application approved by Clydesdale Bank and through a Mortgage Broker? If so, how long did it take to get your mortgage approved from submitting your application? Feel like ours has been going on for ages.... Offer accepted on house 26/2 submitted application 12/3 AIP 14/3…
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First time buyer/buy to let question
Hi I'm finally looking at getting a foot on the property ladder with my partner. We have around £50000 between us for a deposit, however my partner is a student, working part time and I am currently looking to change careers which would involve starting an apprenticeship (and taking a substantial pay cut for a time) We are…
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Taking out a mortgage for elderly relative
Hi all We've got a bit of a situation and I'm trying to think about the best way out of it. Long story short, mother-in-law has a house worth about £50k, with an outstanding mortgage of £16k or so. However, she is in about £15k of debt, which she has no hope of paying off, and getting deeper into trouble with it. IVA not…
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Leeds Building Society - Mortgage Special Conditions PRIOR to completion query
Hi, I've gone through a broker to purchase a new build using a mortgage from Leeds Building Society. My deposit is coming from the equity from selling my current house to a first time buyer and everything is ready to go from their side. I've had quite a lot of grief getting to the final mortgage offer stage with the Leeds…
