-
Mortage with a default?
Sorry folks but yet more questions! My partner and I are looking at a property that is on the market for £147k (Don't want to be paying anywhere near that - but using it to base our figures on) We have £25k for both deposit and fees etc, my partners credit score is as perfect as you can get 996 on experian, mine is…
-
Gifted deposit not accepted by Leeds Building Society
Hi all, I was wondering if anyone had any similar experience to mine: after 7 weeks since the application process with LBS, so documents sent, valuation done, lawyers have been arranged etc, it seems that my deposit coming from an Italian bank (from my parents) is not going to be accepted. The broker didn't tell me about…
-
Confused FTB
Good Evening, My girlfriend and I are looking to get on the property ladder. We have spoken with first mortgage who advised a maximum amount we could borrow. This turned out to be nonsense after taking with an independent broker who obtained a decision in principal for double that amount. He then confirmed that we could go…
-
Relocating & Rent to buy
Ok guys. Quick one to regardes to 'Rent to Buy'...does these schemes still exist? I found something earlier but it was from 2010 in the area I want to move. I could potentially want to use this scheme purely so the wife can get full time work again and be a joint applicant on mortgage as I am in forces. We know we could…
-
Nationwide DIP timescale and process
I don't know the process which is normally undertaken at a DIP stage officially but I feel ours is being treated as somewhat of a difficult case and I don't know why. It's been 3 weeks. I guess we was referred at credit check stage (we have had a hard search) and therefore they are checking every detail. It certainly feels…
-
How can I get a mortgage under these circumstances...
I am living in a house owned by me and my ex partner (my child's father). It was bought outright by his parents and there has been a personal agreement that our child and I can live here until I qualify as a nurse August 2016. my ex has a new house with part mortgage and we share custody of our child. I need to have a plan…
-
Investing in partner's mortgage
Hello, I am about to invest a lump sum into a property that is being financed via a mortgage paid by my partner. I will not be named on the mortgage. My investment is 10% of the purchase price - the deposit needed for the mortgage - £23,000. I wondered if anyone has done something similar and how you arranged this? The…
-
Large Payment to betting account - Mortgage Application Denial?
Hi. I'm currently applying for a mortgage. One thing which I'm concerned about is that in April 2015, I transferred £20,000 from my current account into a betting account out of curiosity (just to see if it was possible - to see if there was a deposit limit). 5 minutes later, after I saw it was possible, I transferred it…
-
The Moving Of Goal Posts: A Summers Tale
So, I just came back from my friendly neighbourhood Halifax branch. Where I have been trying to secure a mortgage for sometime. The broker just informed me that I need to provide £18,750 as deposit if I want to secure a mortgage for a property worth £125,000. I'm a bit stumped as I'm told I have really strong credit scores…
-
Natwest DiP question
Hello, I have been reading about Halifax DiPs being 'unreliable' and I was wondering if anyone knows of instances where Natwest have issued a DiP but then declined a full application? I know a DiP is not a guarantee and is based on limited information. My broker said that as long as we've had no pay day loans (which we…
-
Survey fee with mortgage application
Good afternoon My mortgage advisor submitted our mortgage application with Halifax on Thursday. I have just checked my Cc balance and see that the survey fee is pending. Does this mean my mortgage application has been or accepted can it still get rejected Thank you
-
Legal & General endowment
I have a L&G endowment with profits taken out in 1993 to cover £60k Basic sum assured £24,830 Life cover £65k Bonus rate for 2014 1.25% Bonus added for 2014 £454.70 Bonus rate 1.25% Total, sum assured + existing and annul bonus = £36834.30 (surrender Appx £35k) Monthly payment it £170 per month. Maturity July 2017 Over the…
-
Deposit Question... A Silly one at that!
Hey everyone, We're hoping to become 1st time buyers in the near future! We're just doing our homework before we jump in, my question sounds stupid really but would like to know! Does the deposit you pay ie £10k get taken off the total amount you owe on the house you purchase, or is it held as (what's the word I'm looking…
-
Barclays Family Affordability Plan
Hi Does anyone have any experience with Barclays Family Affordability Plan Mortgages? If I get a mortgage with my Dad on this particular plan can I get one for 30 years? I'm 31 and he's 57 but part of the whole point of the Family Affordability Plan is that he gets taken off the mortgage as soon as I can afford it so do…
-
Advice Needed Please
Sorry to have to post this as its probably obvious but I just need help. My hubbys son (is 30) recently applied for a mortgage its not a big sum involved its only for fifty thousand pounds as someone is letting him buy a property cheap. He applied for a mortgage with his bank but when he came out of work for a short time…
-
Endowments...Confused!
I'm interested in an endowment policy of some sort, based on what I understand, but tbh, that isn't a lot! What I know is they involve monthly payments which lead to a lump sum after a specified number of years. And that's about the extent of my knowledge! I've heard they are linked to mortgages (which I have), but then…
-
Bank statement printouts for Mortgage meeting
Probably a silly question but... Is it okay to take bank statements printed out at the bank or should I take the statements sent to me via the post. Sounds like a silly question but I was recently paid (obviously before by postal statement came) and had an investment mature into my account so wanted to show off my healthy…
-
Re-Mortgage what involved
Hi all, I had a new first time mortgage nearly 2 years ago and its up for renewal soon. What's involved in getting a re-mortgage? Is it different if I move supplier, if I stay with the same company etc?? Still same in depth checks etc as first mortgage (don't want to go thru that again!) Any advice would be helpful thank…
-
Looking to put to get AIP
Hi Have posted a couple of time previously but now find ourselves in the current situation and wondered what any of the brokers thought our chances were We have seen a house and are going to do a 2nd viewing later this week House is on at a guide price of £245k I am employed full time and have been in my current position…
-
LIFT scheme joint mortgage | Scotland | One has bad credit score?
Hello. Please forgive me as this is all new to us, but me and my partner need some advice. We would be first time buyers. We are looking to purchase through our local housing association here in Scotland, through the part buy scheme LIFT where you purchase a minimum of 51% of the property up to 80%. Now..my partner has…
