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Sorry another question about mortgages and government pensions
My husband has one of these government work based pensions which I've never really got me head around . His salary a couple of years ago when he started at a new location was 24600, his latest p60 says 23600 so think he pays about£80 a month salary sacrificed , I'm confused is anything salary sacrificed omitted from his…
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Anyone applied to Kent reliance?
Hi, I'm about to submit a full application to this lender through my broker, just waiting on sa302 from hmrc.:mad: Just wanted to know what they are like, are they very particular and scrutinise applications or pretty straight forward? Thanks
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Please help, what are our chances ?
We've had an offer accepted on a house we really love and although I have an agreement in principle I am now really panicking we will be turned down, if I put down my figures could I have some opinions ? House price 272000 Equity in current house 85000 Mortgage required 187000(currently 65000 over 17 years ) Income one…
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Remortgage? Releasing capital
Hi A question for a retired friend. House worth 200K and paid for. However they need some cash for repairs and a few bits n bobs. Therefore, could they get say 25K by remortgaging, should they be able to show that their private pensions would cover it? Interest only secured on the house repayable on their death etc. How…
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Interest-only mortgage possibility?
Hi, I have a 300K deposit (from inheritance) and currently earn 30K a year. The house that I wish to purchase is 500K and so I need to borrow £200K. I can afford the repayments on a 200K mortgage however it is more than the bank is willing to lend me. The obvious solution is to just find a cheaper house, however this is…
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Natwest Withdrawal Fee £150
Just keeps getting worse and making me more cross :( Pulled out of purchase two days ago after survey. Vendors were either mistaken or dishonest..! Just got the offer through today (after delays on Natwest's part) to read that we'll be billed £150 if we don't take the loan out. I don't remember seeing this £150 amongst the…
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If mortgage lender is doing valuation, can we assume we've got it?
A lot has happened in a week! We went with a mortgage broker who has managed to get us with Abby National, we've passed the credit checks and the underwriter has just asked for our last 3 months payslips. We were informed that the valuation is set to take place tomorrow, so does this mean we've basically got it – depending…
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Mortgages on Affordability
Can anyone reccomend a mortgage provider that will make decisions more on affordability then the standard income multiples? Ive tried the online calculators for on all the websites but they cant get to what we need to bank other then Nationwide and maybe Santander. Im good with money (tight!) no other borrowings, both been…
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Obtaining a mortgage
Hi there, my partner and I currently reside in my partners brothers house (we rent from him) and would like to buy it next June. The house is 120k, we have 25-30k deposit and earn £50k pa between us. My partner has excellent credit but I have 4x defaults that will be 5 years old next June. Apart from that I have had no…
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Help to buy ISA and marriage
Hello, I bought my house 2 years ago on my own (I was a first time buyer). Since then my OH has moved in and we are now engaged and will be married next Jul (yay!). He has never purchased a house so is going to open the help to buy ISA. I've researched and we know that this is fine. So now I have a few questions: When we…
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When do you pay a broker?
Hi, first post so please be gentle. We used a mortgage broker for our FTB mortgage and exchanged today. Had a phone call from the broker demanding immediate payment of his fees. The agreement we signed with him does not state a time frame to pay. We asked him if he's wiling to wait until completion to settle the fees but…
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What now
Hi. Through my broker we had a mortgage agreed in principle with TSB. We got the valuation we needed and the paperwork had been sent to the solicitors. I got an email from solicitors this morning as the broker had my middle name of Steven spelt with a ph. I spoke to TSB and they ran it through a credit check with my real…
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Go direct or use broker
Ive been talking to which mortage advisers and they have recommended a mortage product for us with Natiowide. They say it suits are situation and that nationwide should led us the money we need. The only thing is which have a £500 broker fee (£250 of which is payable upfront) and there is a £285 valuation fee. If we go…
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Buying half of a house from parents
Hi there, A bit of a random one.. My parents are having a bungalow built and have offered their existing house to my boyfriend and I. We can't afford to buy the house in full and want to buy 50% which my parents are happy with. My parents would own the other 50% as the house is nearly paid for. We can't seem to find a…
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Halifax decision in principle
Hi guys, What is the actual credit check on the DIP? Does Halifax just check a credit score and that's it. Do they not do a full credit check of your loans, credit cards etc? It's a soft search according to their site. Does that basically mean they don't actually do any credit checks at this stage other than getting a…
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High maximum age lenders
Hi, I'm wondering if anyone is aware of lenders that allow a maximum age by the end of the mortgage to be 80-85? My partner and her mother would like to arrange a joint mortgage. My partner is 26, while her mother is 64. Savings are adequate and joint income between them is sufficient. House value is around £160k, the…
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Advise on Getting a Mortgage with a CCJ
Hi, I've been reading the forums and trying to get my head around different options that may be available to me but it feels like a minefield! I have a CCJ that was for £338 on 05/11/2013 that I didn't know about until I tried to rent a house on 11/02/2014. I then paid it off straight away. I have just done the Equifax…
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What happens to a mortgage if the house cost is reduced?
Hi all, I just wondered what would happen if seller accepts an offer, the lender agree a mortgage based on this, but then the price of the house is negotiated and reduced due to required works. Does the original mortgage offer still stand? So, for example: An offer is accepted for £200,000, financed by a £30k deposit and a…
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Mortgage application - bridging loan from family
Hi, I've seen a house that I'm interested in. I live in an area that's within commuting distance of London, so it's rare to find anything that I like that's within my price range. The house is being sold chain-free, so it's likely to sell quite quickly. I would be funding the purchase by a combination of savings, a…
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Getting back a valuation fee from Nationwide
Our lender, Nationwide, refused to port our mortgage, but they took a £230 valuation fee on 24 June. I have asked for this back several times, often resulting in a very long phone conversation (mostly on hold), the last being 33 minutes. So why do they take a valuation fee at a stage were they may not do what they are…
