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mortgage misfit?
Looking to remortgage to get £197,000 on a 25-year term. Property value is over £350000. I'm a 40-year old widower and my son is 7. Annual income: base salary £39000, annual bonus £3700, and child benefit slightly over £1000. Any chances?
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Nationwide DIP - New job
Hi, My wife has received a DIP from nationwide, and they are asking for salary slips. My wife has started the job only 2 months ago, are 2 months salary slips enough? Please help! Thanks
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Another electoral roll post...
Hi all, I know the Halifax DIP means little however I have a bit of an issue... We've been approved in principle, however when I checked Experian it had no record of our current address (been here a year and 9 months) and says we are not currently on the electoral roll. So I'm clearly panicking, however we both received…
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Santander remortgage and transfer of funds not until the 17 August
Hello forum members my first post here. So I am hoping to remortgage with Santander and they have all the documents they need plus the mortgage redemption figure. However, they have set the completion date for the 17 August. I think this is to allow for the five working days that they take to. Transfer funds and probably…
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Can we get a mortgage with 1 defualt?
Im waiting on a call back from a broker but thought Id ask here as well. Is it possible to obtain a joint mortgage when one of the parties has a default? My credit rating is excellent, have a mortgage in my own name and never missed a payment on anything, credit report all green My partner has 1 default from 2011, it has…
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Effect of authorised overdraft usage post mortgage approval, pre exchange
I have an accepted offer on a flat and a mortgage in principle from the Halifax. Once the mortgage has been fully approved, I would like to use my authorised overdrafts in 5 current accounts (3 of which are effectively dormant) to pay my solicitor. Will this be ok or could it cause an issue? The property is 280k. 200k…
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Mortgate Application Removed CCJ
Hi everyone, Some advice please. I am currently going through the process of purchasing my first home, but I am fearful that an old CCJ will affect my mortgage application. It was over 6 years ago and no longer shows on my report, and my rating is back to "good". What I want to know is will the lender still be able to see…
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Buying broadband before mortgage complete
Hi all, I am in the process of buying a new flat. I am taking out a mortgage with Halifax and am expecting a formal offer next week. The valuation has been done and came back fine. I'm also hoping to exchange and complete by the end of the month - with my solicitor already having completed most of conveyancing and local…
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Letting to buy (sort of)
Thanks for reading. Current situation: Own & live in a house mortgaged with Nationwide. £225k fixed for 4 more years at a LTV of around 65% (with a hefty ERC). We have seen a house we like for £375k and know we would have to move fast to get it. We have the money to put down a 10% deposit & over fees on this new house but…
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Adverse Credit Mortgages
Hi all Me and the wife have completed a DMP a month ago and paid everyone (finally) since 2010. Now we want to change our mortgage providers as I am with NRAM - however our credit file is riddled with defaults due to the DMP. With increasing rates looming - we thought its wise to start planning for the future. any advice…
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recourse of funds/seller pulled out
Hello I'm due to exchange very soon but have just learned the seller has pulled out due to them being unable to proceed with their purchase (even though we were told they were not dependant on that for this to proceed) I have a mortgage offer in place due to expire next near in January (seems a long time but hey ho) I've…
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House/mortgage development question
Hi. Sorry if this has been asked before so feel free to ignore if me asking again If it offends you. My question is : We have a 2 bed home which we are looking to extend or convert the loft to give us another bedroom.The house is worth £135000 and we have around 25000 equity in it so around 88% ish ltv. So not quite enough…
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2nd home: save for deposit or pay off current mortgage? Advice please
Hi All, Thought I'd come here for your views as forums have helped in the past! I pay the mortgage for my parents house and now would like to get my own. Should I try and pay theirs off as much as I can so it's either paid off or so low I don't need to worry OR try and save for a deposit for my own place? Not sure what…
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Gifted deposit? Gift giver needs to show bank statement or not?
If my parents gift me some money towards my deposit, will they need to show the mortgage lender their bank statement or do I just need to show the lender my bank statement?
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Lending criteria at different banks
After using various mortgage calculators online, the amounts offered vary wildly from bank to bank. With some only offering 50k and others offering close to 300k. All the mortgage calculators I’ve used are ones where childcare expenses are used as part of the criteria. I’m going to speak to the banks directly as I know the…
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Solicitor = Useless
We sent you forms back to our solicitor for our house purchase, first of the forms had mistakes every where and some of it i couldn't even understand. we ended up taking it to our mortgage broker as they sent his forms he needed to fill out to us as well for some reason and he helped us through it. So they got out forms…
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New Mortgage rulles panic, porting and more
Hi, My wife and I have not been looking for a new property but have always thought if something comes along then we will have a look. By some miracle we have found the perfect house, managed to sell ours and had an offer accepted. We have a current £120000 mortgage on the previous property for the last 6 years. Never…
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LIBOR linked mortgages
Following the first conviction for fixing LIBOR rates, are there any implications for the millions of mortgages whose rates were linked to LIBOR? If interest rates were being manipulated were we all paying too much interest? I would love to hear MSE views and anyone elses.
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Lifetime tracker mortgage advice
With all the news of rates moving up, I was wondering if it was worth changing up to a fixed rate. Currently we are on a lifetime tracker from HSBC on a variable rate 1.69% above the BOE base rate at 0.5% giving a current payable rate of 2.19%. This is a capital repayment loan, 20 years left (25 taken in 2010), £104,572…
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Really need advice.
Hello, as I am a ftb I really need some advise. So I have just recieved a welcome pack from solicitors I have chosen. Inside this it says I must complete a firm which I will so, it also asks for some form of ID such as passport and proof of address and to send payment for searches they will carry out. So I just wanted to…
