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Halifax and Employer reference Woes!
Hi I'm just wondering if anyone else has experienced this.. I'm going slightly insane :p Halifax has offered us a mortgage in principle and are ready to give us an offer but need to get my employers reference first. The problem is my employer is a partnership and the name that appears on my payslip is different to name it…
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Overpayment mortgage sub accounts
I'm starting to overpay my mortgage. I can overpay by 10% annually which is fine. My question is should I specify which sub accounts the overpayment goes to, either the repayment or interest sub accounts or let the building society divide the overpayment between the two like they currently do with my standard payment? The…
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Is there a Maximum amount you can receive as a 'gift' for a deposit on a mortgage?
If there is a max, what is it? Thanks
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Are we mad to consider borrowing the max?
We are currently looking to move house and it is becoming clear that we could get a better house if we borrowed more (pretty obvious I guess) The calculators on Nationwide and Halifax have both said we could borrow £249,000 We originally didn't want to borrow more than £200,000 over 30 years But if we did borrow say…
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Getting a mortgage with previous personal loan default
My partner and I are in the process of inquiring about mortgages. We are both employed full time with excellent credit ratings and a £15,000 deposit. However I previously defaulted on a personal loan when I was younger and more naive than I am today. It was a £10,000 loan from First Direct, I missed a £100 payment, and it…
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Obtain mortgage using equity in another property?
Hi, new to this so please bear with me! I am trying to purchase a property with my wife. joint income is 48.5k pa. my recent credit history is poor and any search will show up drawing cash on credit cards, circa 10k total. Wife's credit is good. We are looking at a property worth 148k, 90%ltv. I am reasonably certain that…
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Payslips as proof
We submitted out mortgage application today to Halifax, of course we have to provide payslips, my husband are just online based so he's printed them off at home . How exactly do they use these, do they check them against your n.i. Number as there's nothing official looking about them since they are just printed on normal a4
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Tricky commercial property purchase help pls :/
Good evening all, I was wondering if anyone who knows anything about commercial properties could give advise. My partner's mum is the sole director of a company which owns a property (terraced house at £300k value) and she is staying at this property paying rent to the company. Mortgage lender (bank) has decided (change of…
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Standard Variable Rate - can it change at any time?
Hi all I have been on my lenders standard variable rate of 1.99% + BBR now for 31 months and have been overpaying for 28 months. Can a variable rate change at anytime or is this based on what the BBR rate is? I was initially on a 5 year fixed rate at 6.39% therefore this is one of the reasons I have been overpaying. The…
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Whats the chances
Have had a mortgage for 9 years not a single missed payment. Have 2 ccj both now settled one for 1200 and one for 1800 both will be 3 years old in december. I rarn 38500 and i want to borrow 99000 on a property worth 110000. So in jan what are the chances of getting a 90% ltv.
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Porting, extending borrowing and changing LTV
Hi, I've got a complicated question about mortgage porting. I've tried asking my lender (Nationwide) but can't seem to get a clear answer, so any help would be appreciated, whether specific to Nationwide or from experience with another bank. Let's say I've got a fixed rate mortgage with a few years to run. The balance is…
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Partner has poor credit rating, whats the best option
This has been asked a million times before I'm sure, just the advice is usually mixed: I have a large deposit (50k) and have a decent income (lets say 40k), partner has no deposit and a good income (lets say 30k), she's also working towards a PhD and has some guarantee that her income will top mine in the next 5 years. No…
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Is This Santander Mortgage Advice a Runaround?
Any advice much appreciated on this: I have just had a discussion with Santander with regards to overpaying my mortgage by £200 a month, as per mse advice, ie, a casual overpayment to reduce the term of the loan rather than a binding agreement. They told me that unless I repay at least the monthly capital element of £419…
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Building Survey query
Hi, we need to carry out a full building survey as part of our mortgage offer. Can anyone recommend a website to book with? Has anyone ever used ukhomesurvey.co.uk? Any feedback would be great. Thank you!
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Mortgage with Defaults in last 3 Years...?
Hi, Pretty much given up having been told by a few Mortgage knowing folk over the last week or so that we wont get a Help to Buy mortgage. (20% new build) In brief, we (fiance and I) have saved a 10k deposit and started to enquire about a mortgage. I have 4 defaults on file, 2 are over 3 years already, one will be in Jan,…
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Buying building with two flats, can I rent one out and get a residential mortgage?
I'm looking to buy a house (first time buyer) and I've seen an interesting property that is currently a (empty) retail space on the ground floor, and the above space is a self-contained flat (which is currently occupied by an assured shot-hold tenant). I would be interested in buying the property and converting the…
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Hmrc and sa302
Hi, I made a phone to hmrc last Tuesday for my sa302 for last 2 years n recieved them through post on Saturday. I called the next day for years 14-15 as accountant had just submitted them. Still haven't recieved these yet? Just abit worried as the phone call for these was only the next day... Any idea why this may be???
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Overpaying mortgage - reduce term or monthly payment?
Hi all, This thread has been discussed previously however didn't quite answer the question I have. I am planning to start making capital repayments on my mortgage. As I understand it there are two options following on from that: 1. Reduce your monthly payments; or 2. Reduce the mortgage term. The advice appears to be…
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Advice on Remortgaging under new system
Hello, I'm due to remortgage next year when my current fix ends - it's not imminent enough to be talking to brokers yet, but soon enough for me to be thinking about it :-) I've no experience of this new mortgage system and on googling I've had up all sorts of news stories from when it started talking about people having to…
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Santander 1.99% - refused
Had our mortgage with Santander for years, just tried to renew our deal at the advertised 1.99% and was told NO. This deal is for new customers only. :mad: Being a loyal customer means nothing to them.
