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Mortgage Credit Search
Hi all, Quick question I have just (literally 5 mins ago) cleared my credit card as part of my bid to try try and get a mortgage (landlord is selling up) how long will it take to show as cleared for credit check purposes? Also I assume it will affect an application for an approval in principle too is this correct? Cheers
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Motgage Legal Fees
Hi all, hope someone can explain my query. My wife bought a house a few years ago but could get a mortgage on her own as she didn't earn enough. She and her sister got the mortgage together and all was well (her sister didn't live there, nor did she pay towards the mortgage). My wife then moved in with me and here sister…
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But-to-let vs Residential
Hi, I'm going to be in a position shortly, where I will own 2 houses, with one to be rented out and the other to be my residential home. However, I will only need one mortgage, on either property, to cover my debts. I was led to believe that in any situation where you are renting out a second property, you should maximise…
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Borrowing more than required from the bank for the mortgage, good or not?
We have the possibility of borrowing up to 14k more than we require for our mortgage. While it is very tempting as it will allow us to carry out some improvements that are required in the new property I am just wondering in the long term how cost effective in terms of interest it would be. I am not great with figures and…
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Borrowing more v Borrowing back overpayment
I will be buying my brother our of our property around January time. Been looking at my options. I will be taking on the existing mortgage (around £105K) in my own name and borrowing an additional £90K (the calculators say I can do this). We have overpaid £54K and something on Nationwide's website said that I could borrow…
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Leeds Building Society
Anyone got any particular recent experience of note for LBS? Seem to be meeting their SLA's according to their website, nothing 'special' about them or their process when used via a broker? Ta
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how much do lenders look at partners credit report?
Hi all, Just a quick question. We are in the process of buying our first house. We checked our credit reports on Experian prior to seeing a brooker. All looked fine until we were rejected at the AIP stage. Confused we looked at the reports on Noodle and discovered my wife received a CCJ last September without her knowing.…
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Mortgage advice :)
Hello, i'm just looking for general advice about mortgages. I took out a mortgage with Barclays last September of £78,000 on a flat that is valued at £125,000. It was a fixed rate for 5 years if I remember right. Now, since i took the mortgage out, my circumstances have changed big time. My girlfriend at the time, now…
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FTB mortgage advice
Hi, I was looking for feedback on how good/bad my mortgage plan was/if there was something better I should look at. I'm looking at houses around the 110-130 range but recently found one I like (124 but hoping to bid lower). I'll be going in with a 45k deposit and my plan was to do a 5 year fixed mortgage with a 7 year…
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Overdraft charges/poor spending Mortgage application.
Hello there - I'm currently in the throws of buying my first house with my girlfriend. We both have enough for a deposit of up to 15%, we know we can both afford the mortgage as we both earn pretty good wages and pay much more for our rented property at the moment. My worry is that we would be turned down for a mortgage…
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Looking to take Equity out of a house but want to learn more.
Our family has a house in Fulham, the house is worth about 2.2 million pounds,we have a morgage of about 250k pounds. We just Renovated it and rented it out for 1200 pounds a week. What we want to do is take cash out and buy other properties, 1 bedroom flats to maximize out rental yield. I just want to know whats the best…
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What should I be doing to manage my mortgage? (First time House owner) Any good tips?
Hello there, I have been paying my mortagage for 1.5yrs now and the money has been regularly coming out of my bank account. It is a 'comfortable' mortgage of 40yrs repayment. I have not really done much to change it yet but I know I should keep an eye on it. Obviously I would like to pay it off as early as I can and make…
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Opening a Premium Bond / NS&I account during mortgage application
Hi, I'm in the early stages of a mortgage application and intend to gather the cash deposit that's currently sat in ten+ bank accounts and move them to a single account. I quite like the idea of putting it all into Premium Bonds during the mortgage process. Would the NS&I CRA identity search be visible to my lender? Or is…
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Gifted deposit from dad abroad but no address proof
Hi all,, My dad is giving me a deposit from abroad (dubai). The money has been in a UK bank account (his) for over a year and he has proof of this. I have a letter to say the money is a gift and he doesn't want it back etc. Our solicitor wants proof of his address but anyone that has been or lived there knows they don't…
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Misadvised by Santander
Hi, hoping someone will be able to give me some advice on the compensation that I may be due on this issue. I currently own a flat that myself and my partner live in. We were looking at purchasing a house but keeping the flat and renting it out. My mortgage is with Santander and, before we viewed the house, I called them…
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Reduce Mortage Payment and save more or pay more on Mortage
Hi everyone I am new to the forum and in a few days I will be remortgaging to a new deal. The dilemma I have is, do I reduce the payments as the interest is a lot lower and save more or do I pay the same or more and reduce the term? One thing to note is that hopefully in the next year, my partner and I are looking to buy…
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Mortgage Credit Check
Hi All Currently in the process of buying our first property. I have received a mortgage offer around two weeks ago. Currently waiting for the property searches to come back. Halifax did a credit check on full application- which showed up on my credit report. Does anyone know what Checks Halifax do before Completion ? Do…
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Remove my name from a mortgage
Hi I'm new so apologies if I'm bad at this I have a mortgage with my sister and mother with eight years remaining -never paid into it I went on it so they could get s larger property . I now wish to purchase a property with my partner and need to remove my name - problem is my sister has a second property ( mortgaged ) and…
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ReMortgage to Consolidate Debts - Natwest
Hello, I am hoping to remortgage to consolidate debts. I have spoken to Natwest who said they could help me after going through my income (£40,000) and my debt to be consolidated (c£21,000) and that I have car finance (£21,000 remaining), not to be re-paid through consolidation, Due to not being able to arrange an…
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Barclays AIP
Hi All I have received an agreement in principle from Barclays via a Broker. I can see from my credit report that this was a full search of my credit file. I have broker coming out to sign full application paperwork on Thursday. In peoples experience will Barclays redo a credit check at full application? Reason I ask is it…
