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Employer Help to Buy loan an issue? Have I made a big error?
Hi all, First post so please be kind. I'm currently in the process of trying to get a mortgage offer from Natwest to buy a new build house. FTB. Supplied all pay slips, bank statements, deposit gift letters etc. So far so good. I work for a large organisation and part of the company benefits are an up to 5k Help to Buy…
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House Purchase
Morning everyone! I'm getting myself a bit confused over the best way of purchasing a house for my parents. Initially I thought I would get a BTL mortgage, but found out that this can't be don't through most lenders for family members. I've looked at the few mortgage lenders who do provide regulated mortgages but their…
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Mortgage Broker
Hello, I'm looking for a broker to help me. I need to ask some questions first (to the broker), because I don't want to waste anyones time. My circumstances are; * Credit report has some missed payments. Nothing worse, but not the best. * Current credit commitments are higher than most and have some credit card debt. *…
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Defaults and missed payments - help?
Hi all I have asked for help on this topic previously but it was suggested I should ask in this section instead Basically in 2013 my partner moved to Canada with her ex partner and son, he had a lucrative job offer and family there As it transpired, he either failed a drug test or never took one so the job came to nothing…
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Mortgage and Tax Credit Debt
Deleted sorry
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Mortgae with or without my Wife on?
Ok, another question for a veteran discharging from the Army. We currently live in Tidworth because thats where I am based. We will however be moving up the country closer to our families. I take it my wife will have to give up her permanent job and will not be able to be on the mortgage? Will she be on the 'deeds'? Can…
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Mortgage - Lloyds only offering 3 X salary
My partner and I were due to get our first house together. My partner is 42 and I am 35. Lloyds rang me, and invited me to discuss my mortgage needs. The advisor stated that they will lend me between 4 and 5x my salary. Which would have gotten us exactly what we wanted. I am employed, have a very good salary, zero debt and…
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Porting hsbc mortgage - currently .89% over base
Hi all I have a very cheap hsbc mortgage. I have £130k left on my mortgage and house is worth around £320k. Want to buy a new house worth £400k and want to port mortgage over. We don't want to borrow anymore as we will top up with our savings The change is that I now have started my own business (ltd co) and just drawing…
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Buy to Let questions
Hi, I have recently got a mortgage with Aldermore. I am now looking to buy a new property as Buy to Let. I have the following questions.... 1. How long after getting a residential mortgage you can apply for BTL mortgage? 2. Do I have to get the BTL mortgage with Aldermore or any bank? 3. Will they do another credit check…
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Unknow mortgage overpayment
Found out today that my mortgage lender reckons an overpayment was made on my account in October 2012 - should I have been informed of this sooner considering I phone each month to make payment. There is no record of how this overpayment has been paid, either by lender or on my bank account, only that it was done by…
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Any advice, curious...
Hello Just wanted to know whether you could extend your mortgage offer twice. So if the lender gave you a month extension but still not done yet. Can you ask to extend again?!
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Is it possible to get a mortgage while on probationary period in a new job?
Hi there, I'm hoping one of you wise people can answer some questions for me. We recently moved area to be closer to family. I'm the main breadwinner so got a new job sorted before the move with Mr F to look for something once we were settled. Our plan was to rent for 12 months or so and increase our deposit before buying.…
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Mortgage in principle & Deposits
Hi All, We're new to all this and effectively first time buyers. We're completely baffled with how it works, and we're not getting much response from our mortgage broker. We got our mortgage in principle yesterday, it says the mortgage they'll lend us £43,825, but the property value is £46,500. It's shared ownership,…
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Strange predicament
Hi everyone, I've just found myself in a strange predicament re. my mortgage and house. Im a homeowner with 101k mortgage balance fixed for 5 years, one year or so into the fixed rate term and 17 years left to pay. House is valued at 300-325k. We want to move house to another house which we can hopefully get at the same…
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Santander mortgage application with late payment history
Hi all, first post on here and FTB so go easy on me :) haha! My husband is applying to Santander for a 85% LTV shared ownership property. Our share is £74,800 so deposit is 11,600 ish.... All ready to proceed but I'm a little bit worried because on his credit record there is a late payment in January and June this year.…
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Can someone purely on benefits get a mortage for a council flAT?
can someone who is completely disabled, living on benefits-so incapable of work- be considered for a mortgage for a council flat? 75000 pounds would be the loan needed.
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Mortgage lenders and credit history
Wasn't sure whether to put this is the credit history section or here...apologies if it's in the wrong place. I need some advice on how a mortgage lender would view my credit record as I'm hoping to buy my first home in the next couple of years. As it stands today I have two defaults from Sept '12 (£650) and Feb '13…
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Company car
Just after some advice. When applying for a mortgage should we be declaring a company car? We have always based our salary with the deduction included. So for example basic salary is £20,000 company car brings the taxable figure up to £23,000 but I would quote £20,000 as the salary as you don't see the cash equivalent. Is…
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MSE News: Government sells Northern Rock mortgages: what it means for you
Around 125,000 mortgage and loans customers of Northern Rock will be transferred to Cerberus or TSB Bank... Read the full story: Government sells Northern Rock mortgages: what it means for you Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Need 90% mortgage
1 dependant My salary 38800 (2 ccj for 3k both settled and both 3 yeara ild end nov) no other blemishes small crsit card for 4 months and had mottgage for 10 yesrz. Oh salary 17000 no adverse credit car loan mobile phone and overdraft. We want to borrow 116500 for a house worth 130k what are pur chancea. Have been approves…
