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Mortgage on mat leave and disposable income
We have found our dream house and awaiting final paperwork to get an AiP. This house was found slightly sooner than expected and before I started being more "sensible" with money. As a background I have an excellent credit history, never been overdrawn on current account etc. Our LTV is about 22%. I am currently on mat…
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Mortgage value vs deposit value query
Hi everyone! I have a bit of a problem/query, albeit a problem that I am sure most will wish they had! my partner and I are currently looking to buying a new house now we have started a family and the one bed house we're in now was bearly big enough for one let alone 3. We are In the fortunate position that both our…
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Nationwide stress test
I am currently waiting on a decision from Nationwide for a mortgage application that went in yesterday. It took 4 days to get AIP due to a notice of correction on my flle. This was all cleared by the underwriter and the full application was submitted. They have already carried out a hard search, my report has been reviewed…
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L&c or nationwide?
I'm going to call L&C tomorrow, is it still worth meeting Nationwide this Saturday for a mortgage?
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Address Change
Just changed addresses for my CC's, Driving Licence, Bank & Noodle Credit Report. Now the question is 1) Will this affect my credit score? 2) How long should I wait until I call the broker for a Mortgage? Many thanks
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Is a mortgage ever going to be achievable with defaults
Hello I've worked really hard paying off debts yay to me. Just rang a mortgage advisor to book appt to look at if we could get a mortgage we have £6500 deposit just applying for right to acquire house approx worth £90000 with discount . Again this is all approx so depending on final no.s may be a 5% or 10% and due to…
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What Information is required
Hi, I have an agreement in principal,Im just about to go ahead with the full application in the next couple of weeks. Im trying to be organised so my question is. What documents will they need? I just want to make sure i have everything at hand. many thanks Janette
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Borrowing on Current Mortgage
Hi everyone, I wondered if any have had experiences of this; I'm looking to borrow £25k on my current mortgage, the LTV will be 65% with the extra funds so no issue there. What I may find is that it fails at credit score stage, it's a mortgage with my parents and both have a score of 999 with Experian - mine however is 428…
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Self employed mortgage advice
Hi By April next year I would have traded for a year. Are there any mortgage lenders that would consider one year accounts? I've browsed a few and a few do accept a year but the deposits are very high from 25% to 40%. Would really appreciate advice and if there are lenders accepting one years accounts and 10 to 15%…
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BTL with low income
Hello all, My girlfriend moved in with me a little while ago - the house we live in now is mortgaged in my name only. After selling her house and getting a small inheritance, she can afford to buy a flat which she wants to rent out to top up her income, and be her retirement fund. Because she has a very low income (<10k)…
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Bank Accounts - Quick Question
Hi, I'm preparing my banks and finances before I apply for a mortgage... I understand having several bank accounts is not good and can affect a Credit Rating.... Is it having several banks, such as a Natwest, Barclays, Santander and a Lloyds account that is the issue? or Can having a bank with Santander with a Current…
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Remortgaging andSA302s - average or lowest
Hi All, The end of my three year fix for my mortgage is coming up late next year, so I am looking into options for remortgaging. We were first time buyers 3 years ago, so this is all new for us. We are likely to need to borrow £215k, with our house value being £400k I'm the main earner in our household, and I'm employed…
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Transferring ownership of mortgage to another person
Hi All My wife and I have a mortgage but it's solely in my name (there's a deed of trust so she has to give permission to sell etc) This is because she is low income so with her on the mortgage, it reduced the borrowing capacity too much Anyway, we've separated and I'm looking to cut ties with anything connected to the…
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First Direct refuse to extend mortgage term on affordability!
We have a mortgage with first direct that is in 2 parts, our original amount that's been in place for 5+ years on a variable rate, and an amount we got for an extension 3 years ago, on a fixed rate. We approached first direct to extend the term as there's 14 years left, and we are both in early 40s, so plenty of time and…
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Mortgage statement missing information
Hi, I am considering taking a particular bank to court because they are not providing details of all transactions that has passed through our mortgage account. Despite repeated request under data protection law, they are refusing to supply the information. I have contacted FCA. The law around book keeping of mortgage and…
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Parents living in my house
I wonder if anybody here could help me. I took out a mortgage on a property I was living in and then later moved in with my partner. She pays the mortgage on the house we live in and I continue to pay the mortgage on my vacant property. I advised my mortgage provider that the property was vacant and they said that was fine…
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Moving home mortgage help!
Hi, Long time stalker but not posted before. Could do with some opinions to help me form a decision. I'm looking to move home from a 2bed to 3bed property due to a new addition to the family. Unfortunately for me I've just remortgaged to a 2 year fixed rate (1.49%) which means without any overpayments I'm mortgage free in…
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Mortgage rates
Hello Can anyone point me in the right direction... We want a mortgage (BTL) just a small one to use assist with the purchase... I am trying to find a mortgage just an ordinary tracker rate, no fees, and not fixed... find a no fee isn't a problem but finding an un fixed tracker is.... we don't want to go around all the…
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Considering BLT
I'm after some outside input, Ive got a flat in London current value is around £230k to £240k mortgage is £105k. I have a couple of grand in cash but no other savings and £11k debt (0%) from doing up my property. There is the possibility of another flat in the block coming up for sale and I am wondering about it as a BTL.…
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Will old cash advances affect a mortgage application?
Hello All, My partner and I are currently renting a house, but hope to buy next year. I sold my house last year, and she will put hers on the market next March. In June/July I used a credit card to deposit at a gambling site. I made about 20 small deposits in June and also in July, and have now realised they've been…
