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Mortage companies not liking cash basis accounting?
Hi all I'm in my third year of self employment, with a view to try and remortgage after April 2016 when I'll have three years worth of accounts/tax returns behind me. My previous accountant who did my previous two tax years, has since retired, so I'm trying to find a new one I approached one accountant who told me:…
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Joint account or mortgage aip first?
My fiancee and I will start looking for our first house next month. We are currently living with her parents and have separate bank accounts - mine with Nationwide and hers with HSBC. My question is, if we apply for a joint bank account now (we are thinking of the Santander 123 account) and say we do NOT want an agreed…
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How does new valuation works
Hello, We moved into our new home about 2 years ago and my initial mortgage deal is about to come to an end, I am keen to stay with Halifax - my current lender (as limited options for self employed contractor). Now, we were fortunate enough to buy at the right time and prices in the area have gone up good 20-30% and the…
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What does this mean
Waiting on mortgage offer from nationwide. Spoke to them today after being told by broker that offer expected by end of today and been told they everything has been satisfied and final checks done yesterday, but the application has been pulled by head office for final checks too. Why has this happened when according to…
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80% mortgage with only 1 sa302
Hi All. Looking for a mortgage bases on about 4.5x income on an 80% LTV but I only have 1 years SA302. Is this possible? if so who should I go to? Thanks Phil
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any chance??
hi guys very stressed out right now, so Im really hoping some of the experienced brokers on here might be able to put my mind to rest a bit our situation is as follows and we need to remortgage soon - we dont have the option of simply staying on svr as we basically need to take my sisters name off the mortgage and add my…
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Mortgage Deposit from Father
Hi I live with my Father, towards the end of the year I will be wanting to apply for a Mortgage and buy the flat we are living in. He will be giving me money towards the deposit on the flat, he won't be wanting any of it back in the future as anything he has when he has gone will be going to me anyway. The deal we have is…
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Gutted that late payment might affect mortgage - any advice please?
I have just created a free account with Noddle. To my surprise it seems to be as useful as Experian. Also to my surprise was a late payment in May 2015 on my Bank of Ireland account which has obviously affected my credit rating. I've had an overdraft facility with them for years but back in March they sent me a letter to…
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FTB, where do I start?
I've saved up a deposit and other costs I'll need to, so where do i start, i guess first i need to find out if I'd be accepted for a mortgage? so an appointment with a broker? how much is that likely to cost? thanks.
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Santander underwriter timescale
We applied for mortgage with Santander on Monday and was approved pending underwriters being happy with documents. They haven't asked for too much as I've been with them for several years and porting mortgage over, adding husband on and increasing amount so basically just proof income they've asked for at minute. How long…
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Natwest or Platform mortgage
Has any one deal with lender Platform(Co-op Bank) and do they generally lends more than say Natwest? According to my mortgage broker....... Santander(Abbey mortgage) affordability calculator said we could get xx amount. AIP was done and it was 25k less than the affordability calculator. Broker spoke to Santander and they…
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Change of interest rates
Morning All, We got our mortgage offer in the post yesterday from the Woolwich so great news! Issue is, when we applied back in April, the interest rates were fixed for 3 years at 2.99%. They changed mid May to a stepped 3 year fixed interest which is: 2.99% for year 1 2.79% for year 2 2.59% for year 3 So much more…
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I Don't Know Where to Start..
Hi everyone, I'm pretty sure I'm not the only one in this situation & you have all read similar posts, so please bear with me! I'm 26, recently single and privately renting (currently £895 p/m not inclusive of bills). Time to buy my OWN home. Deposit savings of £32k, also saved for all the separate bits and pieces, i.e.…
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85% LTV BTL but under 100k, options?
Evening all, With regards to buy to let mortgages, I am aware there is a lender offering 85% LTV, but with a minimum advance of £100,000. I am looking at a property just under their minimum of between £90-95,000. They also claim to have flexible lending criteria, is there a chance they may be able to do business with me?…
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age problem buy to let
hope someone caan help, my wife and i own our house which is worth about £250,000 and have a half share in a house that is worth about £150,000, we would like to buy another property and let our house to generate some income the property we want to buy is £65000, ok but the problem is we are both 57 and our building…
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FTB- How to make an offer on a property and general advice please!! : )
Hi all, So I've been a good girl and got myself out of debt and now saved a bit of deposit nothing special just 5%-7% of the property prices I'm looking at. But this is London the prices are ridiculous already! So I've seen a house and I'm going to view it this week and I worked out the affordability and I've my limit that…
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Re-mortgage with Barclays
Hello, I'm looking to re-mortgage with Barclays, their 2-Year Fixed Rate at 2.29% seems ideal to me. However I would like some independent clarifications from experts on here and from those who have done something similar. I understand from Barclays that I can PORT the mortgage to another property even BEFORE the fixed…
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Alternative to Equity Release required !
Alternative to Equity Release required! 9th Jun 15 at 1:43 PM Hello All. This is our first post. We are looking for an alternative method of funding some home improvements - new drive, new kitchen, update bathroom - prior to downsizing. We have lived in this house for 30 years and need to improve its 'kerb appeal' to get…
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Great deposit, poor spending
Hello there- I'm in the process of buying my first house with my girlfriend. We both have good permanent jobs with decent salaries. Through some saving on my partners behalf and my parents investing some money for me, we both have more than enough for a 10 -25% deposit) However, while my partners account is clean as a…
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Mortgage - Offer Condition Re Settling Credit Card Debt
Hi Currently have an offer from Nationwide in respect of a Remortgage and it has a Special Condition under the title "Debts you will repay on or before completion of this mortgage" The actual wording is : This offer is issued on the understanding that the following commitments will be repaid on or before completion of this…
