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Mortgage for people with recently closed DMP
Hi - I have recently sold my flat and cleared my debts with some of the equity from the sale. I still have 40K to put towards a new property and am anxious to get back onto the ladder as the housing market is marching on and I don't want to find my family locked out of ever owning another home. Has anyone ever secured a…
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btl for oldies?
I know some lenders will consider pensioners but would pension income of just under 20,000 be a problem? We are 68 and 64 and own our home. We have 45,000 as deposit and are looking at a property for 140,000 which would rent out for 650pm. We will have another 30,000 next year from a maturing investment and my husband…
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Friday Quiz
Who can tell me? Why borrowers over 50 will be stopped from moving from next year? How to find out why you failed a mortgage credit score? How your mortgage in Spain can trip up your UK application? Why you do not need to pay a mortgage broker who is not independent?
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Help to Buy and Self Employment
Hi I am enquiring for a family member. She wishes to buy using the Help to Buy Scheme. Does anyone know how that works for self employment? I know that you need to have at least 2 years of accounts but how do they work out multiples with regards to borrowing? Any advice would assist as I know she only draws a small amount…
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Contesting a valuation
Has anyone successfully contested a valuation? We had our valuation (borrowing more) on Wednesday, the surveyor was there for a total of 15 minutes, appeared more than a little disinterested and then came back with a price exactly the same as the House Prices Index valuation. There are comparable properties sold within the…
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Finally...... We've been accepted!!!
Just a quick thank you for the great advice I've received on is site. After 4 1/2 agonising weeks we finally got there :T
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Mortgage after divorce
I am recently divorced and looking to buy a new property. The issue I have is that I am still on the old mortgage with my ex, as he cannot afford to buy out my stake in the property (little or no equity and he does not have any earned income of his own). However, via benefits, maintenance payments etc. he can actually…
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Help to buy equity loan
We are looking to purchase a new build via the help to buy equity scheme I have looked at the help to buy website but am a little confused on the process so from what I can gather I need to obtain a aip first, theme reserve property and then send off the property information form so the help to buy scheme can deem…
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overpaying my share of a mortgage
Hi all I've recently bought a house with my boyfriend and I'd like to take advantage of the cheaper interest rates by overpaying the mortgage. My boyfriend and I are financially independent and split all the household bills (including the mortgage) in half and I wondered how I could start overpaying my half of the mortgage…
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Pay slip requests
When you apply for a mortgage, do they ask for your payslips both at the start of the app and towards completion? which would be 1-3 months time.
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Mortgage Application - Gambling Transactions
Hi all, I've recently had an offer accepted on a house and this week I'm beginning the mortgage application process. I have a 55% deposit and a mortgage in principle for the remaining amount. I have never been in my overdraft, no credit cards, never missed a payment on a previous mortgage, no PDL, no previous defaults, no…
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Another NRAM "together" problem
Hi all from sunny Munich :) Now all for my tale of woe, I hope somebody can offer some advice to help me out I am stuck. FYI This is our only debt we are clean with cc and overdrafts. Back in 2007 me and my now wife bought our first home (in the UK), we got an NRAM together mortgage 119K secured and 22K unsecured for a…
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Help to Buy Help
Hi folks, Im applying for mortgages at the minute and Im somewhat confused. We are wanting to go for a help to buy mortgage guarantee and this is what I think I know so far. I put up 5%, the scheme guarantees 15% abd the the bank lend the rest. So... On a £140,000 do I apply for £112,000 (80%) or do I apply for £140,000 or…
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Are TSB mortgages hard to get
Posters only seem to ask about Nationwide and the Halifax mortgages on here, why are they the most common asked about/popular. I bank with tsb and they picky?
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Part Exchanges? Are they really bad?
Hi I have no experiance with part exchanges on houses, and Ive searched the threads to find details but I am coming up short. Are prices on part exchanges really bad? I was hoping to go this way instead of selling our currect house on the open market, but now I am unsure if it would be worth it thanks for any help
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Nationwide - Switching Question
Have an approved offer from Nationwide for a tracker which has no ERC's etc. In final process of waiting for re-mortgage to go through and become active with them (currently with another lender) Does anyone know if there is a minimum period before I could switch to one of their fixed rate offers and also would I qualify…
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Accord mortgage
Hi guys, My mortgage adviser wants to get me a mortgage from Accord Mortgages but I read some bad reviews. What would you advise? Also I'm not sure they are the cheapest either? All opinions and advice will be welcome. Thanks in advance
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question
hello, if I had income from self employment of £2000 per month - how many years worth of accounts do mortgage companies require? thanks.
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How to transfer money to someone without name appearing?!
I want to transfer a small sum of money (around 500 pounds) to a friends bank account to repay a gift he gave me to help me out during tough times. He would never accept the money back from me and I do not want him to know that it was me who paid the money to him. When you transfer money between banks in the UK the deposit…
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How to Grill a Mortgage Broker
We are trying to find a local broker to sort us a mortgage and its not straight forward as we are needing a specialist. Having looked via unbiased.co.uk I called three who seemed to have the correct options selected to be able to cater for our requirements but got wildly different answers. One says that a high street…
