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Halifax mortgage wait/advice
Hello guys, I apologise I posted this in the home buying section but have been advised this section may be better for this post. If anyone has any advice/calming words I would be extremely grateful... I applied for a mortgage with Halifax around 3 weeks ago over the phone and I am currently still waiting for a full offer…
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Leave money in ISAs or use to pay of IO portion early?
I'm almost 15yrs into 1 20yr mortgage, 5yrs 7m to finish. Original was IO of £26k, later added to with a £30k repayment. Current total balance is £43k (so around £17k of which is remaining repayment portion). For financial reasons I stopped paying into original Shares ISA after a few years & never got back into paying it…
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Being taken to court do I need to inform lender
Started mortgage application. Spent a lot of money up to now. Recieved letter today saying being taken to court. Will contest. No guarantee they will gain ccj and even if will pay it off within 1 month. So do I need to inform lender now? Not on credit file.
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Mortgage Application
Hey Everyone! I'm currently looking at buying a house with my girlfriend. I do however have a 5 year old default on my account for £42.00 which has been settled. I also have some payday loans which I took out around 2 years ago, again all settled. My Girlfriends credit score is spot on with no missed payments. We have…
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Put into consultation for potential redundancy during app
Hi all We have gone though the application process via a broker for mortgage with natwest all been accepted and going through the motions. I come to work yesterday to be told the whole department is under consultation we will expect to know the outcome in the next few weeks. Worst case so lose my job and get redundancy.…
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Coin toss time.....remortgage
I need to decide on a remortgage package. After doing all my research, and asking the opinions of brokers and others in the industry, I put myself at the mercy of your ridicule to help flip this coin for me. It's down to a choice of 2 repayment mortgages, and comes down to betting on interest rates - opinion is, so far,…
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Zero Hour Contracts
Hi, My partner and I are in a tricky situation in that we are both on contracts. I am on fixed term contract which has been renewed several times and is around 2 years service currently but will either expire or become permanent around the time our fixed term mortgage expires. I won't know the employment outcome until…
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Remortgaging
I am due to remortgage in June as my current deal runs out. If I want to switch providers do I have to go through the due diligence criteria of a new mortgage applicant or not?
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Mortgage Refund - To good to be true?
I have received a letter from my old mortgage company saying I had overpaid on my fees and that they hadnt given me some important documents at the time - tariff of charges and set of mortgage conditions. They have issud by a cheque for £150 but surely this isnt right? I am sure they are liable for more but not sure who to…
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Mortgage with defaults on credit file
Hi all, When my marriage broke down four years ago my ex-husband stopped paying a loan that was in joint names, the bank issued a default on the loan and he remains in arrears (it was money to pay off his previous debts so I don't and haven't been able to pay towards it). Our house is now being sold so this will finally be…
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Possible mortgage options in current situation
Appreciate some peoples thoughts n the situation myself and partner are in. We have made the decision to begin searching for a property to buy together. Our earnigns are £69,000 (plus a £14k bonus for him) and £52,000 (with £6k bonus) for me. Properties we are considering are in the range for £550k - £600k. Initial checks…
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update - WE GOT A MORTGAGE!!!!
So after a stressful 10 weeks, we have been told our mortgage offer is on the way from Santander, natwest declined us based on overdraft use Which are now all clear (it's amazing what having a focus can do to your spending habits!!) plus we have money behind us. Aiming for 22 May completion. Just want to give hope to…
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Coventry valuation done last week, heard nothing about the valuation, an offer soon?
So we are using a broker, husband is sorting it all out through a broker as he is a contractor. 24/4 Broker submitted full mortgage application to Coventry BS 30/4 Valuation done at our purchasing property (we only found that out today as we phoned the sellers estate agent to ask if it had been done!) Today, almost a week…
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Mortgage underwritten
We called our mortgage company yesterday they said the mortgage has been underwritten but they are still waiting on our bank statements and payslips. They received them last week but they've not made it to the underwriters yet. I'm hoping this means we are likely to get the mortgage.
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Applying for accounts while waiting for a mortgage
Hi, This may sound like a stupid question but we don't want to do anything that might cause problems for our mortgage application. My partner and I have applied for a mortgage with natwest, valuation was completed last week and we are now waiting for an offer from them. We want to open a joint current account so that we…
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Mortgage noob, need an idea!
Ok, so next year im getting a pay rise and im looking in to buying my own home. All i need is a rough estimation of how much i would be able to borrow. Im completely clueless about the whole thing a the moment but before i get in to it all as it is a still a long while away i want to 'window shop' around for the price…
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Concessionary purchase from family
I'm looking for advice from members of the forum with experience of concessionary purchases... My husband and I are first time buyers looking to purchase a house from my father which was bought last year as an investment. The house is currently valued upwards of £360k (based on an estate agent valuation 6 months ago). We…
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Nationwide HELP
Hello friends. Advice needed. Recently passed DIP from Nationwide and I notice they did a full credit score before giving the DIP acceptance. That was a Thurs, mortgage application was made a few days later on Tuesday. Valuation carried out on Thursday and came back as satisfactory. I realised today that I defaulted on a…
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A days work for a broker.
For anyone still wondering what value brokers add, this is an overview of the cases I was working on today. Client whse business has just merged with another making him effectively 6 months into a new business. Client with half his income in annual bonus but only 14 months in the job. Client with default listed on credit…
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Becoming increasingly irritated... Broker advice.
Our full application was submitted on 8th April to Natwest. Our loan amount was lowered due to husbands income (self employed) over last couple of years but luckily the shortfall wasn't huge so we are able to cover it. To cut a long story short, my broker misunderstood my "I'm paying off my debts" and on th full app stated…
