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Help with application confusion
Hello everyone, Our mortgage broker made an application to Aldermore as we appear to fit their criteria (some adverse credit, no defaults showing in last 3 years, no CCJ etc.). They have declined the application due to a CCJ. They were unable to give the broker any more details so I rang them direct to find out what they…
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remortaging - broker or DIY
My reduced rate period is coming to an end and I wanted to find out what people's thoughts are on using brokers to find the next mortage? I have previously found my mortgage products on my own without any problems, but with the vast amount of different types, flexible, off-set, tracker etc with their various rates I'm…
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Am I being picky
Hi I am hoping to get other people's opinions on this as I'm unsure whether I'm being picky or not. I'm using a fee charging broker paying £1500 as I have had some past issues. I have reserved a new build property and Im in the process of applying for a mortgage however I'm a bit concerned about the broker. The issue Im…
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Debts V Savings when applying for a mortgage!
Ok so I have a question! Thanks in advance for anyone who can help! I'm currently working towards being debt free! Its a slow process but I am finally starting to take control. I currently have a debt free date of February 2016. Me and my partner are hoping to buy a new home next year around this time. Around the time of…
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Car Finance & Mortgages
Hello All I hope this is the correct thread for this post, but, if not, please feel free to move it. My husband's car caught fire last month and has now been designated a write-off. This is the third car we have had to replace in as many years (we have no luck and seem to pick duff ones, but that's another story). As we…
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90 day sop hold
Hi My house is up for sale and I am in 6 months arrears with the h -fax the DWP pays the interest element of the mortgage The H-fax have given me 90 days to sell me house and put a hold on the account which expires in about a months’ time What happens after the 90 days? I understand they don’t just come and kick me out I…
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Sellers House Build Delaying Us.
We got news yesterday that the people we are buying the house from and their new build house is delayed from end of October to the end of January. We have been asked to wait till then or complete within 6 weeks which isn't possible as we are still sending the final stuff off to our solicitor so we can't be sure how long…
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Credit Card debt when applying for Mortgage
Hello all, I have a debt of £8000 on a credit card, from a car loan and unfortunately having to buy a new boiler when old broke down......card is interest free for next 12 months hence using this and not a loan. We would like to buy a house in around 12 months ie Sep 2016 which gives us time to pay off a decent amount off…
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HTB atp extension
Hi My house sale fell through after 20 weeks at point of exchange. This means house has gone back on the market and cannot exchange on my new build purchase as planned this week We have open house booked in Saturday and hoping house sells quickly. We are going to sales office on Sunday to break the news to them. We are…
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Mortgages and poor credit
Hi all!! Me and my partner are looking to purchase our own house in hopefully in the new year, we will have a 5% deposit by then and know our affordability bases on our incomes is £250,000. The problem we're having is that my credit score has 3 defaults on it, two from mobile phone companies and one from a payday loan that…
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mortgage sole trader affordability
Good Evening We have a shared ownership property and would like to buy the property in full 100% this will be a joint application however i am a sole trader and the affordability checks are absolutely fine with my net wages which i have an accountant to provide appropriate paper work, However as i am a sole trader my work…
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Who do we need to talk to to get into the best position financially to have a mortgag
hello, I am 28 working part time, in the last year of my degree, hoping to be qualified as a teacher in 3 years. My husband is 33, works as a bricklayer last year earnt 34K but had a flat remortgaged 7 years ago. He also owes somewhere in the range of 35k to nemo finance and 5k from the selling of his flat. His wages last…
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Tactics
Grateful for your advice on the following. I currently have the following 2 residential mortgages, 1) Repayment mortgage with CBS of around £22k on our current family home. On a fixed of 3.6%, Fixed period ends 9/16 with 4% erc if repaid early. Mortgage ends 7/18 2) Interest only with Santander of £76k on flat being used…
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First Time Buyer with Name on my Parent's House
My parents had to re-mortgage their house to pay money to an ex spouse, my father couldn't be on this mortgage due to previous bankruptcy; therefore, I helped by re mortgaging our house with my step mother. I am now curious of the implications this has on me when I want to purchase my own home. For example; What do I have…
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Will I ever get a mortgage? Loan:Income ratio seems to say no...
I live with my fiancee, she's recently finished her degree, and will finally be earning. I'm on £27k ish, and have been supporting us both. We currently pay £775 a month in rent. She is now on the same, and will actually rise to ~£30k in a year. We've waited for this for a long time, and our plan has always been to carry…
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Fixed term ending dilema
This is a long story so I will shorten it as much as I can. I got divorced a couple of years ago & was left with a bad credit rating through no fault of my own, my husband got us into debt with a secured loan. As a result of this and a couple of other factors, ie age & salary I was unable to get a mortgage even though I…
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Help to Buy
Hi Can someone advise if you can put more than 5% depost on this scheme? Do the specific lenders charge you a premium for being on this scheme? If you can only put 5% down could you then pay off a huge lump sum down the line to reduce the debt? thanks
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Calculation for Deed of Trust Help Please
Hi I wondered if someone could possibly help me with a query on Deeds of Trust. I am potentially purchasing a house as Tenants in Common however the deposit and mortgage payments are going to be unequal and I really am struggling to work out the fairest way to apportion the percentages. Deposit - 65k split me 35%, other…
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Moving to a more expensive house
Hi, My wife, 2 kids and I live in a 3bed semi detached which we bought for £111,500 four years ago. We have just recently found our dream home. Problem being its £275,000. Our current house would probably be valued at approx £100,000. We took a mortgage of £101,000 for it and paid the remainder as deposit. What options do…
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Remortgage issue TSB, appeal
I am looking for some advice on my mortgage application with TSB. I am currently with Santander (great customer service to me despite their aparent record) and only trying to move to TSB as I beleive I can get a lot better deal for my circumstances now. The issue I have however is I applied for a deal at 60% LTV and they…
