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Remortgage - how long and what's involved
Hi - sorry to be so clueless, but our mortgage deal ends soon and we will be looking to re-mortgage, with a broker, to get the best deal and fix for a good while. I wasn't sure what was involved with a re-mortgage. I know it's a different bank and new loan, but will they need to do all of the searches and surveys that were…
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Coventry's 'Flexx for Term' advice
I'm currently debating Coventry's 'Flexx for Term' mortage (1.79% variable for the full term), however, I originally assumed this would be tied to the BoE base rate as with lifetime trackers, but it appears it is simply a variable rate at their discretion, which is obviously concerning. The next cheapest lifetime tracker…
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Waiting to exchange and complete, quick question
Hi We are meant to be completing next Friday and are at the point of exchange. During the process I used my credit card a few times which put me over what was declared on the original form, I have subsequently paid it down to a smaller amount than what was declared but just wanted to know if this would be a problem…
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Is this house purchase or remotgage?
Hi I spoke to a broker today who said to me that he couldn't get me a 90% LTV mortgage due to the house being a remortgage technically. I have historic adverse issues but that's another story, My partner owns 45% of a house with her brother who owns 55%. He would like to sell it, and we would like to buy it. It requires us…
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Would I Get A Mortgage?
Hi, it seems a few brokers frequent here so i thought i'd see if anyone can give me a ball park idea of whether i would get a mortgage. My situation self employed 1 years accounts (£9500 profit + about £2500 working tax credits) 3 defaults (all over 4 years old) total about £3000 first time buyer 27 years old What sort of…
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Halifax Mortgage Payments
Hi all, I'm hoping for a bit of advice/help here. We were aiming to exchange and complete on our house by 13th November, however have just been told it is possible sooner and we want to make sure we understand the impact this will have on our mortgage payments. We have set our mortgage payment date as 1st of the month (so…
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"Significant Committed Expenditure"
I have been playing around with affordability calculators, and just wanted to check the following: "Please key the total monthly amount paid on any loans (including buy now pay later and interest free loans), hire purchase/car lease, student loans, budget accounts, mail order, overdraft (include 5% of balance) plus what is…
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1st time buyer and old discharged bankruptcy
can you get a mortgage years after bankruptcy
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Mortgage on Fixed term contracts
Hi. I have two jobs- one is on a zero hours contract and the other is 15mths fixed term. If it is renewed it will be two years fixed term. Would I be considered for a mortgage? If my fixed term job is not renewed- or i dont get it, then i will increase my zero hours job to make an equivalent income. This is easily done as…
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Which mortgage provider for FTB
Looking to take out first mortgage with my partner in the new year. Have had a quick look around online at mortgage calculators which give some really varied results, I thought the MMR would make everything more consistent... We have no debts and do not have any financial dependants and no other commitments. Lloyds seem to…
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Double checking - remortgage/rate change
Hello Just looking for someone to sense check the following (don't really have anyone to ask IRL) We're staying with FD at the end of our 2 yr fix, and have the following options: 85% LTV 5yr Fee Saver 3.14% £0 fee £706 monthly repayment 5yr Loyalty 2.89% £950 fee £685 monthly repayment 5yr Loyalty 2.99% £450 fee £693…
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Adding to mortgage
Thinking of adding £20000 to mortgage to do home improvements Value of house is £110000,outstanding balance £15000.7 years left on mortgage.Would tak new deal over 15 years.Current deal is: Brittania 10 year fixed at 5.29%. finishes in 4 years early redemtion penalty would be £1685. Just wondering what peoples thoughts on…
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Estate agent's mortgage broker
This is a continuation to my previous threads saga. Background: I had my house up for sale with express estate agency, originally for 80,000 and reduced to 75,000 after two weeks for a quick sale. After another two-three weeks I decided I didn't want to sell and looked into letting it out and releasing some equity for a…
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Should I RTB or buy a fixer upper?
Hi. First time posting after mooching round the forums for some time. I am 41 with 2 children 20 and 7 y/o. I currently live in a 3 bedroom council maisonette above a shop with no garden. I have no hope of getting a move and don't think I will ever find anyone to exchange with me. I desperately want to move as I don't like…
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Sole Applicant - Source of Deposit - from wife as a gift?
Hi all, In the process of buying a house at the moment and having to deal with a lot of questions about source of deposit. Basically, the mortgage application is via Halifax and I am the sole applicant. My wife is not working following time out from having our baby so it didn't make sense to include her in the mortgage…
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Affordability Concern
I've been assessed by broker and told affordability I can get a mortgage for £200k, I've given her all our income details. Now I've seen a house I really like that is lower than this, £190k mortgage with 10% deposit. I'm tempted to put an offer in today. But am a bit concerned as in affordability terms it seems like quite…
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Mortgage to clear equity release
Hi, I'm looking for some advice please. My mum currently has about £65,000 outstanding in the form of equity release on her house. My brother and I want to get a mortgage to clear the equity release. However having researched it online, it seems to be quite complicated, because it would essentially be a buy to let with a…
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Mortgage with Defaults
Hi there, My partner and I will be looking to apply for a mortgage to buy our council house. The market value is £182,000 but with our discount we only need to pay £112,000 so we're already in equity by £70,000 My annual income is £60,000 and my partners is £9,500. My partners credit score is perfect, but the catch is my…
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Hand Written Pay Slips
Are hand written payslips ok for a mortgage application? What alternatives are there, is a P60 ok alongside these?
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Am I likely to get a mortgage (FTB)
I have found a new build in South London on the market for £225,000. I have a 40k deposit and earn 35k pa. No other debts, completely clean credit rating. I would be looking at a mortgage of 185k and paid back over 30 years. I would have to put down the £500 reservation fee in the next few days hence the speediness of…
