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Pre fund release credit checks
I have a mortgage offer from Halifax and hoping to complete in a couple of weeks, I know I shouldn't apply for any credit at this stage but I am wanting to purchase a season ticket for work travel which is £2700 and was going to purchase with my credit card ( I have the cash for this in bank though) will they start looking…
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Obtaining Fixed Rate Mortgage with Awful Credit Rating
Good afternoon, looking for some advice and assistance concerning my on-going quest to obtain a fixed rate interest only mortgage. I am currently with Chelsea Building Society on their standard variable rate mortgage. My credit rating is abysmal due to numerous CCJ’s and Loan companies having gone to court to secure the…
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Re-mortgaging for a self-employed couple
Hi, I have an appointment with my mortgage provider next week, but hoped to get some info from others in the same boat: My wife and I have been with the same mortgage provider for 12 years, and in our current house for 10. About a year ago both of us became self employed (in separate endeavours) My wife is an artist, I am…
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Previous remortgage surveys
Hi, does anybody know how reliable or useful previous valuations are for remortgage purposes. I am planning to rent my house out and need a buy to let mortgage. I need a 75% LTV and so need to my house to value at 80,000. I'm a bit concerned because there have been two similar houses sold near by in the past 18 months for…
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Overpayment does not reduce term
I have been overpaying my mortgage for the last twelve months (an additional £1k per month). I have noticed that my monthly payments are going down. For example, in August last year I paid £1541 (541+1,000 over payment). This month I paid 1,490 (1k + 490). I spoke to Post Office about this and I was informed that the over…
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Please explain let t buy
Can someone explain "Let to buy to me". I live in a 1 bed flat and its in good condition. It is on the market and I am struggling to sell. This is because my neighbour is a drunk and assaulted me last year. I have had to put this on the disclosure form. Flat is on for 70k. I have lived here 5 years and I have been making…
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Nationwide Mortgage application
Hi, Please can someone help me, I recently applied for a mortgage with nationwide with my partner. My partner gets paid via agency and i have been in job less than a month, can we still get approved? Still waiting on a decision Thanks :) :)
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Can mortgage company hold overpayments but refuse to apply to my account?
Apologies for the long post. I would be really grateful for any advice.... I have a BTL mortgage with Paragon. In 2009, my interest payments dropped with the base rate and I talked to them about my options for reducing my mortgage faster than the term (I have notes from this conversation). I told them I wanted to make…
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Leaving a small amount in account, OK?
Hi I was thinking about paying off my bank of Ireland variable rate mortgage since there's only about £2600 remaining. Thing is there is £195 in fees to pay when you do so I thought I might leave like £50 on it so my deeds are safe at the bank and I can avoid paying the redemption fee for a few years until my mortgage term…
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SA302 provided - now Tax year overview requested
Hi Our finances are a little bit complicated, so we appreciate we're a borderline case for a mortgage, however, Santander keep asking for what appears to be the same information in different formats. To date, we've provided our accountants reference, an SA302 form for the past 2 years from HMRC and all our bank statements…
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Best hope of getting a mortgage?
Hello, Me (21) and my partner (19) (We have a 5 month old child) are looking to go on the HTB scheme. I have a poor credit history, only 1 default for a Telephone bill and some late payments, other than that quite up to scratch. It sits just below 500 at the moment (From Noddle) My Parter has only ever had 1 credit card…
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Mortgage for a 2005 built steel-frame house
Hi all, So the situation is that we are in the process of buying a mid-terrace 2005-built townhouse. Because my pay structure is slightly complicated, we went through a mortgage broker. Fast forward to 2 weeks later and we had a mortgage offer from Nationwide for a 90% LTV mortgage after they did a basic valuation. For…
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Is a mortgage offer portable?
We received a full mortgage offer from HSBC, which we had one month to accept. We accepted it, and now have six months to draw down the loan. The original offer was made based on us buying Property A. That now looks as though it may fall through as the exchange hasn't happened as planned. Given that the mortgage itself was…
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Advice on mortgage - tricky situation
Hi. New here so please go easy on me :) I'd like to buy my first flat soon. Likely to cost around £200k. I have £40k for the deposit. However a slight issue is I'm listed as a joint owner on a mortgage with my brother and father for a house that my father lives in. Because he's retired he couldn't get a mortgage without me…
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Help to buy Mortgage guarantee scheme - can I do this?
I've spoken to a bank and an independant mortgage advisor but neither have been very clear about the help to buy scheme and whether I'm eligible or how I can use it. I recently put an offer in without using the help to buy scheme but I didn't get it as it sold for £5K above the valuation and I could afford that on top of a…
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CrossWall Construction Mortgage
Hello, I have had a survey come back on a property i am currently purchasing. The survey has stated the property is of crosswall construction. The mortgage works have agreed to lend on my requested LTV of 75% I have read many posts and everyone seems to have a completely different opinions. Does anyone have experience of…
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Valuation for purchase verses remortgage
Hi, just wondering if anybody knows if building societies treat re-mortgage valuations any differently than new purchases. I am re- mortgaging to a but to let before moving on. I am worried I might have overestimated my house valuation, although only want 75% LTV mortgage, the survey is next week and I cant sleep with…
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Over 50's remortgage
Hi has anyone had any luck trying to get a fixed deal for 5 -10 years when in there mid 50's?? I'm currently working part time with a basic salary of 18000 whilst my partner took early retirement and has a pension of 610 a month and a private income of 960 a month from a property she rents. We need a mortgage for 53000 on…
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Remortgage and credit card
Hi, I have a credit card but no debt on it, ie a balance of it as zero. I want to apply to remortgage in early Dec. Would I be best to close this credit card account, or keep it open with a balance of zero in terms of liklihood of meeting affordability criteria? TIA
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Getting equity before the mortgage contract finishes?
Apologies in advance for my ignorance here. My situation is, in short, that my husband decided to leave, and that I very likely won't be able to afford covering the whole mortgage and the bills myself. (If we didn't have a kid I'd say sell the flat, split the equity and each goes there own way. However, we have a 6 year…
