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Port interest only mortgage ?
We are looking to port our current interest only deal with natwest. We have good payment history, no credit problems and not looking to extend or borrow anymore money. Natwest have told us that we cannot port all of our mortgage unless we can provide evidence to show our pension projections will cover the value of the…
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Halifax new deal
Hi there. I've been looking at the Halifax deals foe exisiting customers and went through their online system to see if I could remortgage onto a better deal. Unfortunately my LTV% is sitting at 85.6% which just keeps me out of the favourable rates (my mortgage would go up to £25, instead of down £70). I suspect the…
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Natwest Remortgage query
Hi Guys, hopefully someone can help me. I am currently in the process of a Natwest remortgage. AIP went through two weeks ago. The Underwriters asked for bank statements and quotes from Builders for home improvements. I sent these on monday. had an update on Thursday they wanted confirmation we are remaining in the house…
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Halifax Underwriters / Homebuyers Survey
So my homebuyers is booked for Tuesday, £500 taken from my account. The problem is that Halifax underwriters have asked for further documents (2012 accounts and 2015 business bank statements) On top of this my mortgage broker took today off so although I supplied these documents to her today they won't reach the Halifax…
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Nationwide dip mortage amount and house change
We applied for a full mortage in branch of nationwide today all 3.5 hours, joy. Then my seller pulled out literally hours after the application. Now we need to find another house & cancel the current application. But my question is can they use the same dip on a new house for a lower amount or do we have another 'hard'…
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Halifax survey, do they tell you when ?
My broker said my survey has been instructed, will I find when it will be or do I not hear anything till it's ready to view online ?
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moved abroad-cant get uk mortgage!
Hello, my husband and I are spanish but lived amd worked in the uk for many years. We bought a property 10 years ago and we lived in it until now. We are trying to get a mortage to pay off a second charge on the property, to a housing association. It is not shared ownership as we own 100%, but we have to give them 25% off…
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matched betting and getting a mortgage
I am thinking about starting matched betting but we will be looking to apply for a new mortgage in about 10 months. Will doing matched betting affect it? If I do it now but only for 6 months will that impact it? Will setting up lots of accounts with betting companies/bookies will that impact my credit rating? thanks
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mortgage on one income...HELP
HI, i am looking for advice as I'm struggling to get a mortgage. I have been declined my HSBC and the post office. The HSBC gave me a AIP and then I found a lovely property, offer was accepted and back I went to HSBC, only to be declined when they did the full mortgage application, same with the post office. I earn £41,000…
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Converting Residential Mortgage to BTL
Hi all, I am aware of the capital Gains Tax implications of doing the above, but what about the ongoing rental income vs expenses? Say i have converted my former own flat into BTL and moved out and pay rent elsewhere. Is there any way to deduct the rent I am paying from the rental income? Many thanks for your help! Roq
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Is a mortgage based just on total income or weighted towards salary?
Looking to move house in next 12 months, and whilst my cash left over each month might pay for £x amount of mortgage, I don't know how a mortgage co would calculate it. Makes it difficult to look at house prices without knowing how much the bank thinks I can afford. I'm a director with a small salary, larger div. Current…
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Mortgage offer
Hi I was on the verge of exchanging contracts on a house purchase. The seller has pulled out. I have a mortgage offer valid until February 2016. If i find another property in that time: 1. Will I have to pay another valuation fee? 2. Will the lender just switch the offer onto the new purchase? 3. If i need to borrow…
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chased for old mortgage debt help please
H ALL Sorry if this is wrong forum but we need some help with this please. In late 1997 early 1998 my wife had her house repossessed, this was a 50% equity share Despite her efforts and those of the local CAB the repossession went ahead and the last she heard was from the man at the CAB who had been trying to get a…
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Do the Halifax process mortgage applications on Saturday?
Hey all, I have submitted a full mortgage application to the Halifax and have had a valuation done on Monday. The valuation came back ok, but they contacted my mortgage broker asking me to send the original copies of certain documents before they will approve my mortgage. I sent these documents to them yesterday using…
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Letter from Halifax about reviewing how my mortgage was sold to me
I've had a letter today from Halifax about concerns raised from customers how their mortgage was sold (April 2014-July 2014)to them in particular: 1. If you wanted a fixed rate mortgage for 2-4yrs 2. Your income and outgoings and how much you wanted to commit to your monthly mortgage. Has anyone else had this letter? I…
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Impact of Casual Gambling on Mortgage Application
Hi, I am looking to buy my first home with my girlfriend in the next couple of months and have started to look at mortgages. I have a Bet365 account and like to have a bet on the football at the weekend but am aware gambling can cause problems when applying for a mortgage. Over the course of a full season I probably put in…
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Joint Mortgage
My husband and I would really like to buy a house. I have a bad credit rating due to defaults etc but my husbands is good and never defaulted. Would it be possible for him to get a joint mortgage with my Dad who's 66 and retired, good credit rating? He has no mortgage of his own as it is all payed off..
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Advance to pay Credit Card debts
Between me and OH we have accumulated over £20K on credit cards which we are stuggling to shift. I am going to the bank next week for a financial review. Would it make financial sense to shift the C Card debts onto the mortgage. Thanks in advance for your advice
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PBS Dependant Visa Mortgage
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Post Office Mortgage
We are in the process of completing on a remortgage to the post office at the moment. We are looking to overpay by around £150/£200 monthly. However I believe with the post office they will reduce our monthly payments as opposed to the term, is this correct? If my understanding is correct I'm not gaining anything from…
