-
Income Increase between DIP and Full Application
deleted sorry
-
Blemain Finance Now Together charges on secured loan help please
I had a loan from blemain now together company in 2008 for 144 months , after having a conversation with a young lad he explained all the charges were liable for interest...so are they making a profit on these horrible charges as well? Here is a selection...from a 10k loan has now got 6.3k of charges on ....i have however…
-
Joint mortgage application - Halifax
Hi, I have a simple question. My partner and I work different shifts, we are looking to take out a joint mortgage with Halifax. Are one of us able to start the application process in branch with the other attending later if necessary? Thanks
-
How best to reduce a combined interest-only-repayment mortagage?
Our building society mortgage is part-interest-only (£40,000) and part-repayment (currently approx. £50,000) with approx. 8.5 years remaining of the mortgage term although we’re paying slightly over the required amount on our monthly repayments by direct debit. An unlinked endowment with a different investment provider has…
-
Transfer ownership to parents
Hi, My parents have seen a property that they would like to retire in but they cannot afford to buy it until they have sold their property. They can't take out a mortgage due to their old age and they don't earn an income as they have retired. I can buy the property that they like on a buy to let mortgage and rent it out…
-
Concessionary Purchase/ Genuine Bargain Price
Evening! We are buying our house from our landlord. We've had an offer of £310k accepted, but the house has been valued (only by estate agents) at £320-330k. Would this discount count as a Genuine Bargain Price or Concessionary Discount and therefore be taken into account with our LTV? We have a 10% deposit already, but I…
-
How job change affects your creditworthiness
Hello. I am not sure if this topic was already touched on this forum but I want to seek some personal opinions even though I will obviously go to the bank and speak with them. I have been looking for a property to buy for few months now but this will not happen this year. I am currently considering new jobs as my current…
-
Additional borrowing on NatWest mortgage
Hi all, Fixed period has ended and i'm looking at re-mortgaging and borrowing more. Current Mortgage £120k, House Value over £165k, Income circa £30k Looking to borrow extra £10k (natwest's minimum amount). I'm being denied, even if you up my salary to a sily figure, or the house value to way over 200k it's still not…
-
Help to buy equity loan Mortgage
Hi - we are hopefully buying a new build property and have a mortgage offer from Halifax and the help to buy part has been approved too. Our solicitor has said "the equity loan can take some time to meet all requirements" but I don't really know what this means. Can anyone shed any light? Thanks.
-
Nationwide Mortgages for Current Account Holders Offers gone.
Just noticed the mortgage offers for current account holders have gone for people who's deal is ending! Just my luck 3 weeks before I can switch and the 1.59% (base plus 1.09%) no fee tracker has gone.
-
Mortgage retention - first time buying
Hi guys. New here. Seen a lot of helpful answers so I thought I would ask here. I am looking to buy a house. First time so I'm not familiar with everything yet. My mortgage surveyor had placed a retention on the mortgage and therefore the mortgage product I chose had been withdrawn as it isn't now available to me and now…
-
Computer Says No!
Looking for some advice please. We are looking to remortgage our home to get off a variable rate onto a fixed rate and to consolidate a few unsecured debts. Total LTV likely to be about 70%. This will be a joint application. We both work full time and this income will form the basis of our application. My wife also runs a…
-
Overdraft regularly used, but now cancelled
Hi, I have been using my £5k overdraft quite regularly, I have recently stopped using it for last 2 months, but as I am going to apply for a mortgage next month, I have now completely cancelled this overdraft facility and Lloyds says the overdraft will be removed from my credit file on or after 20th of November 2015. Will…
-
Is this financial association correct?
Hi, A few months ago, me and my wife applied for a joint mortgage application with Kensington which was declined. Now whenever I login to my experian or equifax credit file, I see that I am financially associated with her. We have no joint active accounts whatsoever. I am applying for a mortgage soon and my wife's credit…
-
Can I use Help To Buy Mortgage guarantee to bring down interest rate?
I have the following situation: I have a £200,000 home (non new-build) to buy, and I have cash to spare (as deposit) of £10,000. (5%). I can use the HTB mortgage guarantee where the Govt guarantees £30,000 (i.e. they will take the loss if I default) which then helps the lender to extend a loan of £180,000. The interest…
-
Question about Help to Buy checks
Hi All I have decided to take the plunge with applying for a mortgage as a FTB, using the Help to Buy scheme. This may be a silly question, but I wanted to clarify, do HTB carry out a credit check once you have submitted your HTB application? I know the mortgage company will do one, but wasn't sure if a separate one was…
-
Transfer of equity....help!!!
My sister and I bought a house together 3 years ago and now the time to part has arrived. She and her boyfriend are buying their own house and I am taking on the mortgage by myself. I have a new mortgage all ready to go, just need to remove her from the deeds etc. I have a solicitor ready to remove her from the property…
-
Change of solicitor after application
Evening all, It seems that our mortgage advisor has submitted our application with the solicitor that he recommended, rather than waiting for us to gather quotes. I have finally received a quote from their solicitor and it is almost double that of our cheapest, so we obviously wont be proceeding with them. The question is,…
-
Mortgage Redemption
Hello, Wonder if anyone can help me. I moved house last Friday (6th November) and spoke to my solicitor today to understand what the final settlement figure was. During this discussion he told me that he was yet to pay the mortgage for the house I sold because he was waiting for the cheque to clear from our buyers…
-
Discharge from Army/work and mortgage
Afternoon gents. I am new and could use some help please. I have just done a little over 8 years in the Army but I am desperate to get out. I have alot of advice to seek as Army don't seem interested as I am other end of the country I would like to eventually live. Anyway I will start with these queries hope you can help…
