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Santander charging additional lending rate rather than mortgage rates for staircasing
Hi, hope someone can help. I have a 40% share in a shared ownership property, the mortgage is with Santander and we are applying to buy the whole property. First they have told me as it is additional lending, we need to be max 85% LTV where as normally it is 90%. That part isn't an issue as I can put down the funds from my…
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Advice needed . . Please
Hi first time poster , looking for some advice. Myself & my partner are looking to buy our first home We earn £20k each p.a Credit rating has been fair -good for both of us for past 6 years ! We do have a credit card and catalogue that get paid each month . . Worst is late payment but never missed An overdraft free that's…
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New Job & Mortgage application help???
Hi All I have just been offered a new job which I am despereate to accept however we put an offer in on a property today which has been accepted (we have been house hunting for 6 months). My husband is the higher earner so wondered if it will make a difference to our mortgage application if I change jobs or should we be…
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Advice gratefully received!
My partner and I have a joint annual income of 85k. We're looking to buy a property of 270k and have a deposit of 30k (made up of equity from the current property). We both have fairly good credit reports, I.e. no late payments / defaults etc. We do however owe approx 17k on credit cards. We have no problem in paying this…
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Anyone
Can anyone help with t
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Failed credit check for remortgage but have excellent credit rating
Hi, I'm hoping that someone can explain this to me. I'm trying to remortgage with my current mortgage provider (actually it's a TOMP), but I've failed the credit checks. I have an account with experian and noddle, which both rate me as excellent. Just before making the application I signed up to checkmyfile.com, which…
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Finding a whole of market broker?
Hi all, As the post title suggests I'm looking for advice on the best way to find a whole of market mortgage broker. I appreciate that I'll pay a fee - any guidance on how much this usually is? I've asked friends and family for recommendations but none forthcoming, they usually organise these things themselves. I've used a…
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fixed rate mortgage length
Hi, While rates are low, is it worth locking for as long as possible? Lee
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When can I get a mortgage?
I just got my first job with a salary of £22,000 and started my first tenancy. It is a one year contract and I cannot wait to get out already as I learned to hate estate agencies. When can I get a mortgage? I understand that help to buy is a government scheme which could help me. However the maximum you can borrow is…
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Pay off Credit Card before Completion
Received offer in post this morning, and it says as condition of the offer, the credit card balance of £156 must be paid before completion, How will they check this has been paid? Will a statement to solicitor suffice? As the next statement is not due for 2 more weeks, then after that's paid and reported to the CRA's then…
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Purchasing shared equity tranche -solicitor?
I purchased a house on a 80/20 shared equity scheme in 2009. I am now in a position to borrow additional monies on my Halifax mortgage to pay off the housing developers 20% and therefore own the house (although with a mortgage) outright. The developer has advised that as soon as they receive the funds, they will remove the…
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Mortgage Application headaches - nobody helps!
Hi guys, My partner and I are having a rather large headache and a lot of stress just trying to get answers from people with regards to a mortgage application. Nobody seems to be able to give any difinitive help, its all guessing, as an example, Ive just spent an hour on the phone giving details to a bank, thinking they…
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bank statements and proof deposit
hi all looking for some guidance on mortgages. need 20k deposit to move up the ladder, got 10k in sale of current property, 4k in bank and 6k in sale of car selling car private on flea bay so how can i prove source for this?? want my application to go smoothly also on my main bank account where my wages go in i have a few…
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Buy to let mortgage with family member as my tenant.
Hi My daughter is shortly starting he second year at Uni and due to a shortage of halls has to find her own accommodation, she doesn't to go in a house share (she didn't particularly enjoy the communal living in halls) so is looking for a studio to rent. It came to my mind that a better way would be to buy a studio/flat on…
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Recommended questions for mortgage appointment
Hi, I'm building a list of questions for my appointment on Monday. I'm sure I thought of a couple others before but have forgotten since, anyone got any others you think I should ask? I know my first (5y fixed/8y total) & second (5y fixed/9y total) choice mortgages. My current questions are: 1) 5 year fixed means 60…
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Turning fiance's mortgage into a joint mortgage. Will it be accepted?
When we decided to live together we couldn't get a mortgage with me on it as I was a student with two dependents. Therefore my partner had to apply in his name only. He was accepted so 'we' or rather 'he' bought the house and we both moved into it. I have been contributing to the house since (and the initial deposit) but…
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Help to Buy conundrum
My boyfriend and I are first time buyers and have been told we can borrow a maximum of £150,000. We have a £25,000 deposit and so therefore have been viewing properties up to £175k. We saw a property that had been on the market for a year at £199,950 and put in a cheeky offer of £175k. Predictably it was rejected and we…
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Nationwide Save To Buy ISA
Good morning folks! I'm writing this thread on behalf of my brother and his partner. They opened a Nationwide Save To Buy ISA, and have been throwing money at it to get their deposit saved! They reached around £17k I believe, and applied for a mortgage. Nationwide mucked up the application, performing several searches a…
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Nationwide - dreadful
Having secured my mortgage with Barclays a few weeks ago, exchanged this week and set for completion on 29th, I was happy to put the whole sorry saga of Nationwide behind me. In short, they had my app for 4 weeks, all relevant paperwork, it was assessed by no fewer than 3 underwriters, and just at the point of offer,…
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Is this a smart way to approach shared ownership?
Hey fellow MSErs So I would like to move out of my parents, and into a property so I can start the next phase of my adult life. While there isn't a rush(i save around 1k a month), the nonsensical London property market is making purchasing a little place of my own increasingly difficult to the point where I can no longer…
