-
if a new application fails can I still use original offer?
Any advice recommended.. current mortgage offer received 9th July 90% ltv on £84,000 property at 5.99%. mortgage monthly payment £430 fixed for 2 years. (lending of £75,600) with condition to pay cc debt of £2,200.Using government help to buy guarantee scheme. condition of paying cc came as a surprise hence I'm thinking...…
-
bank statements
Do you need to supply 3 months bank statements of all your accounts when applying for a mortgage application or just the relevant one? Thanks
-
How much deposit?
Hi, Myself and my boyfriend are starting to think about savings for a mortgage to get our first home but i'm a little bit confused as to how much we should be aiming to save? We have set the budget for a house at £150,000 and calculated that in 5 years we could save about £15,000 on our own potentially also making use of…
-
Would I be able to get a Mortgage???
Please excuse the way this letter is written as I suffer with dyslexia quite badly and righting letters is something I struggle with. Some years ago I was out of work for some time as I sustained a back injury. I was laid off by the company I worked for, I took them to court due to the injury as I was told I will be off…
-
Not happy...
Hi Everyone, We have a completion date of 31st July. We viewed the house twice back in May, it had been vacant for 8 months at the time. It had some appliances such as fridge, washing machine, tumble dryer and 2 wardrobes upstairs, we were told by the estate agent that this was to be sold as seen. You see where I am going…
-
Should I switch?
Hi, I have been trying to work out if it is worth me remortgaging to a lower rate mortgage, can any body help? My current deal is: Mortgage £79,817 Early repayment £3591 +£200 The interest rate is 5.69% And I have just under 4 years left on the fix and 29 on the term My LTV is 85% I was looking at nationwides 3 or 4 year…
-
Ways to pay off interest only mortgage
Hi Since I took out my mortgage about 6 years ago, I have life insurance policy that will pay a lump sum when either myself or my husband dies, this will be used to pay of the mortgae but I was thinking is there another option where I can still be insured but if we are still around in say 25 years time the money paid in…
-
Declined Mortgage by Nationwide :-(
Hi, We have been declined a mortgage by Nationwide and can't fathom why? The really frustrating part is they won't say, all they say is "Adverse", and when pressed they say there may have been a default. But there is no way to talk to someone to say "It is because a payment to ABC was missed by XYZ" etc. It is our current…
-
Help wanted
Hi all I am in a bit of a situation and was hoping some of you might be able to give me some friendly advice. If you manage to make it to the end of my post then thank you :p Apologies if this is not the right section of the forum! A few years ago I bought a property with a deposit booster. It is some sort of shared equity…
-
Additional loan declined, surprised by figures
In 2013 I earned around £15k and was offered to borrow £75k. I took £40k of that, and today I enquired about borrowing more but was told I wasn't able to, based on my low income (the same as before). I have a mortgage of around 35% LTV. The advisor kindly put in some specimen figures for me and even at a £20k salary I…
-
Should we squeeze to 15% deposit?
Offer has been accepted on our first house purchase :j We can afford 10% deposit easily which leaves some money left over for renovation work we are set on doing within 2 years (knocking through a wall, redoing kitchen). We could squeeze to putting down a 15% deposit, by borrowing some money from family which has been…
-
dare I ask?
Ok, so after what seems like a struggle I finally got a 90%ltv mortgage offer with Aldermore on the government help to buy scheme where 20% is protected by gov but I still pay full amount.... but looking through the offer they have made a condition that I pay back both my credit cards (just over 2k) However due to costs…
-
Refer v accept
Does anyone know the difference between an accepted application where the lender needs to see payslips and statements etc verses an application that is referred with the lender saying they need to see payslips and bank statements to change it to accept? If you have to send the same docs in for both then whats the…
-
urgent help needed - completion deposit for new house
I just got an email from my solicitors with the completion statement. Balance due of about £4000 which I have sent them. Also in a letter which looked like a standard template they mention 10% deposit for exchange of contracts. I know they currently hold £211,000 which has been paid to them from my mortgage company. Will…
-
Can this be done?
Current house worth £100k. Mortgage owing £20k with 5 years to run. Get consent to let for current house and use rent to pay off last 5 years of mortgage. Take out 75% mortgage on second house that becomes my primary home? Use savings for 25% deposit. Any reason I cant do this? I know the general suggestion is to LTB the…
-
Filling out Annual Income form
Hi all, I think this forum may be best one as it does involve filling out annual income form. I am currently filling out the application for Help To Buy agent in my county and I was wondering about this: Total gross annual amount of any Overtime, Bonuses or commission Is it customary to use last tax year's bonuses amount…
-
Mortgage - Property used for commercial purposes?
Hi all, just wondering if you can help. We've applied for our mortgage and have it approved in principal. I had started a website freelancing business last year and had registered it as a private company with Companies House. The registered and trading address I used was my house address. I've only worked a couple of jobs…
-
Miscalculation somewhere...
Hi In the process of applying for a mortgage via L&C. Loan is around £278k. Post Office is working out best according to L&C. Two (2 year fixed) products to choose from: 1.22% with £1495 fee 1.65% with no fee. L&C recommend the 1.65% product. Their illustrations show: 1.22% - £1600 per month for 2 years. Plus £1495 fee =…
-
Leeds Building Society
Hello I'm wondering if anyone can help please? My partner and I submitted a mortgage application through a financial advisor to Leeds at the beginning of June for a new property which we are buying together. Just to confuse matters we are not selling our current property beforehand but we are remortgaging to release our…
-
it CAN be done
Hello We have just completed our house purchase and are collecting keys tonight. I didn't think we would get this far as the mortgage application alone was fraught with worry, but I want to let everyone know that getting a mortgage may seem difficult, but there is hope and it can be done, even when your circumstances…
