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How do I find broker specialising in poor credit?
It remortgage time again next month but we are now in my opinion considered sub prime. I have bad a look on Indeed but can't seem to find anyone specialising in this area. Do all brokers provide advice for clients with bad credit historyas a matter of course or is this a specialist area? We probably will end up advised to…
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Moving home, bigger mortgage and paying off debt
Hello Advice appreciated! My oh and I are looking to move. Our current home worth approx £125k and we are looking at property around £165k. We have a joint annual income of £40k. This doesn't include my oh overtime which is approx £10k a year. Our existing mortgage is approx £76k remaining. Our problem is £23k of credit…
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would be get a high street mortgage next year based on these circumstances
Joint income of just under 80K. Both been with employers for 10+ years. Debts of 25k unsecured. All payments up to date. A few late payment markers ( no more than 1 month) that are all 2-3 years old Looking for property in the 250k range with a deposit of 75k so around 70%LTV. Would this be accepted by a high street or are…
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Mortgage With Default
Hi, i defaulted on a loan to M&S 3 years ago and will still be paying it off for another 5 years. Due to the default Santander put me on their SVR which means i pay over £100 a month more. I am told the default will be removed after 6 years even though i will still owe to M&S - is that true ? Also is it worth trying every…
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Gone over an arranged overdraft 3 months ago, will it affect morgtage application?
Hi everyone, My partner and I are going to apply for a mortgage as we have found a house we'd love to buy. We have the deposit, both of us can afford the repayments, there is nothing stopping us paying the mortgage off. However, we are going to apply through the Yorkshire Building Society and the guy I spoke to was very…
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New/self build with shared ownership with parents
Hello Mortgage gurus! My partner and I have finally managed to save a reasonable deposit to buy in London. Hurrah!! However after looking at what our budget would get us we became quickly deflated. It was at this time that my father and step mother suggested that we might help them with the cost of their proposed new/self…
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Mortgage application & credit cards
I am hopefully moving house soon and have received my mortgage offer, I know it is not advisable to seek credit at this time. If I were to do a balance transfer from one card to another would this be classed as seeking credit ?
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Buying Privately with Discount
My wife and I are currently renting a property and have been offered to buy it for 80% (20% discount) of its current value. Was just wondering what mortgage options would be available to us? We currently have no deposit money but a family member has offered to help out if required. Would we be able to get a 90% mortgage of…
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Mortgage finalisation before completion
Is it a common occurrence for lenders to change their decision before completion and how long before completion does this happen, if it does? We have a mortgage through Santander for a new build which was offered back in May and expires at the end of September. We've now been given two weeks notice for completion, so we…
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How Long from Valuation To Mortgage Offer?
Hi All, Just looking for a bit of advice - we are new to the mortgage process since the new regulations last year. Basically we are applying for a mortgage through Halifax, our appication went in 19/08 and the valuation took place 31/08, however we are still waiting for our Mortgage Offer? Previously we have received this…
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Mortgage Advice Required
It's a long story but here goes. Me and my hubby own a property with a Santander mortgage. Around 5 years ago we swapped houses with my mother changed addresses etc and we now live in her house which is owned outright. The property's are around the same value and what we want to do now is transfer our mortgage to her house…
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FTB - Recent new job - general advice
Hi, Details about me: * Age: 31. * Live with parents. * Deposit of around 45k. * Currently salary is 36k. * Net salary after pension and deductions around 2k a month. Employment History: * Recently started a new job in June. (Around 3 months) * Before that I worked at the same place for 8 years. * Probation period in new…
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Natwest/RBS Application fee - non refundable?
I applied direct to RBS a week ago and have finally had the pack through. It says they are looking for a payslip each and AML info for my wife (even though she has been a bank customer for 20+ years...but nevermind) so sounds like we are on track for a successful application. (fingers crossed) I am voluntarily going to…
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Affordability assessment criteria
My wife (mortgage is all in my wife's name), has just attempted to change product with our existing provider, Leeds Building Society, and because she wanted to reduce the term of the mortgage payments she had to undergo a telephone assessment for affordability and couldn't opt for an execution only mortgage. They've…
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Help to buy scheme - existing property
Hi. Advice please. My daughter wishes to buy a property using the Help to Buy scheme. However when enquiring at the Halifax the mortgage advisor was not very helpful and couldn't provide details. Where can she get proper advice on applications and how much she could borrow. She has a deposit of £20k and had a mortgage…
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Retention on Offer
Hi! Had a mortgage offer for our purchase finally agreed by Skipton via broker (L&C - a big mistake...) but with £5k retention attached. After querying extent of work it comes down to: Installing trickle vents to all windows Install 1 extractor fan - upstairs bathroom Improve efficiency / replace extractor fan - downstairs…
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Which Banks use what Credit Reports?
Hi, can anyone help? We are relying on my husband's wage as we are relocating and I am giving up my job. Long story short he has used Pay day loans, last one 3 1/2 year ago. Everything on his report is fine and dandy. 5/5 with noddle. Reason I ask is that on noddle it shows up all his PDLs and with a statudory Experian CR…
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3 month mortgage reservation
For various reasons, it is taking forever for me to actually get my mortgage offer (Nationwide ignoring my file basically) and so I wondered what happens if everything completes after the three month mortgage offer period? Started the whole process on August 7 and so it runs out in October sometime (I didn't get three…
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Getting a Halifax mortgage
Got a mortgage in principle with halifax their going to ring me Monday to do full application just wondering how good Halifax are as need a quick turnaround.
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Mortgage Deposit Source
Hello, I am relocating to live with my partner, however despite him having £100's of thousands of equity in his property his current situation means he cant get a mortgage (bad credit whilst going through a divorce last year). He is going to give me the equity out of his house to buy our house together (in my name) and the…
