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Re-possession Advice
Hi, I might be posting in the completely wrong place all together so apologies if so. I had a mortgage under my name, got into arrears, and was advised by a friend to get it re-mortgaged. Did so with the help of his sister working in some mortgage company, fell into arrears again and the property was re possessed in June…
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Mortgage Offer 2.5k short of buying price
Hi there We have an made an offer on a property and have heard back from our prospective lender today that they will offer us a few grand short of what we need (2.5k) as they will take my student loan into account (broker didnt seem to think they would). I'm wondering what our options are here? I understand them as follows…
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Remortgage & Deed of Postponement
Hi I am currently going through a remortgage. I have a secured loan on the property and have paid a fee of £180 to Optimal Legal for the Deed of Postponement. The loan company has confirmed to me that they have not agreed the amount of the remortgage after I was told by my mortgage advisor that they had... We have now…
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Printed SA302 form
I recently asked on the forum if Online Bank Account print outs from your own printer are generally accepted by Mortgage Lenders..... The answer was that they were generally accepted.... Is the same true for SA302 forms? I did read this article by MoneySaving Expert:…
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First time buyer
Hi, I am going to see a mortgage advisor along with my Girlfriend very soon , she has a near perfect credit score, does not have an overdraft etc and is always on time with payments where as I am always on time for payments etc but I have an overdraft of £1,300 and I do end up using it most months. will this ruin my…
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Deposit proof for lender
Am wondering if it's ok for me to use all of my own savings as the deposit instead of taking the gift as I stated on application, Had initially stated 20% would come from gift but I could pay 100% of deposit from own funds instead now and take the gift at a later date and then add it back to my savings. Is this illegal or…
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Let to buy confusion
Hi, any advice would be really appreciated. We bought a house 2 years ago for £107,500 on a 90% LTV but stupidly on a 7 year fix with Halifax at 4.69%. We currently have £92,500 left on the mortgage but the value of the property is now around £140,000-£150,000. The property would rent out for £600-£700 PCM and our monthly…
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Is a mortgage achievable?
Hi all, Just wanted to ask some advise on whether we'd get a mortgage on help to buy with existing credit card debt. Appreciate that it would be best to pay it off and we've been working on doing this but would like to buy if we can. Here's the details. Salary total - £59,800 Loan - £13k - £421 per month HP - £6k - £135…
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Reserving a Property
1. At what stage do developers (new build) allow you to reserve a property? What do they need? 2. Does it cost money generally to reserve a property? 3. Will they hold it for you even if there are delays in getting certain documents to prove income etc? Cheers.
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Help to buy equity loan mortgage with old defaults?
I am wondering if anyone could advise the likelihood of us being able to get a help to buy mortgage with some old defaults my partner has? He has 2 defaults due to drop off his file in July and September next year. Both are on his noddle file but weirdly none are on his equifax file. We are just waiting for his experian…
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In a DMP any chance of a mortgage
Good evening. I'm looking for some advise regarding getting a mortgage whilst in a DMP. Is there any lenders that would consider this? I currently owe 15000 and paying creditors via a DMP I have no defaults or CCJ I have been advised I need a broker with specialist knowledge. I have approached a broker off the Internet and…
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Increasing mortgage during the buying process
Hi Everyone, My girlfriend and I are first time buyers and will be moving into a help to buy (equity loan/new build) home in just under a month that we reserved about 5 months ago. As we get closer to crunch time we are starting to realise that our savings are falling just short of what we need for stamp duty and solicitor…
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Remortgaging (complicated scenario)
Hi all, Firstly, apologies if I have posted this in the wrong forum. If I have, please inform me and i will move it. I would like to 'remortgage' my property to consolidate some debt and buy a new car but have a very unusual circumstance. My house was given to me as via inheritance over a year ago. It has no mortgage or…
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HSBC - consent to let potential
Anyone have experience of the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV? Can't get BTL as don't own another house and want to live in it initially as it is a real do-it-upper. May take up to 12 months to get in a good state of repair as also work full time. Thoughts…
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Nationwide or TSB
Hi All, We have seen a house that we are really interested in, and have a second viewing next weekend where we are taking our parents along for a second opinion (assurances). So ive spent the day doing research into what our best offers would be as first time buyers should be decide to make an offer next weekend. The…
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Mortgage Application - Bank Statements
Hi, Just preparing for a future mortgage application. Does a Lender need to see Bank Statements from every single account you own. ie. Say you have a Current Account with one Bank and You have a Current Account, ISA, Saver Account. Do I need to show the lender a statement for each of these separate accounts? Cheers.
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Mortgage and a Pay Day Loan :-(
I took out a payday loan for £170 on 4th August, I have a good reason for it but none the less I appreciate its stupid. I want a mortgage and I have 15% are there any options available to me? I know some companies have a rule of them being at least 12 months old or 6 months old erc
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taking name off house
Hey guys We have a house. But I need to take my name off it. The house doesn't have a mortgage etc. I was told I can download a form, fill it in and get a Solicitor to verify me. Can someone give me some details as to if this is correct and what forms do I need ?
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Two year employment contract - what do I do?
Hello I have searched the thread for similar questions to this and the most recent ones I can see are from four years ago - apologies if I have done this wrong and you are all sick of answering this question! I have a job interview on Tuesday for a really good job. I've been saving for a deposit for a home and myself and…
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Mortgage offer to completion timescale
We recieved our mortgage offer Friday and help to buy confirmed our equity loan also. We've instructed solicitors and their letter says anything from 4-8 weeks to complete, what are other people's timescales like? We would like to be in there by Christmas, as it's a new build there's no chain but we would need to allow a…
