-
Is this going to be a problem? (address history)
Hi - Said I wasn't going to get stressed about this process, but as it turns out that lasted about five hours. I submitted my mortgage application to Halifax this afternoon, valuation fee debited from account. My question is related to address history: I've been at the same address for the past five years, I'm on the…
-
Mortgage on rented property
Hi, My other half has a property rented out which is mortgage free. She want to raise 50K in order to buy another property. The rent she is receiving is £450pm. She is a full time carer for a disabled child and in receipt of carers allowance, DLA and Tax Credits. The value of the property is around 140k. Is it possible for…
-
Mortgage Calculations - help to buy
Hi All, We are hoping to buy a new build using help to buy, however if our house sale does not hurry up, we may miss out on the plot we have reserved. So I am trying to look at our options, but am not sure how much we can borrow. We would use a help to buy equity loan. We have £70 - £80k deposit. Salaries are £46500 and…
-
Buying partner out of home
My fianc! split with me a couple of weeks ago and we have two children aged 3 and 4. We bought the house from my relatives for £110k 3 years ago and we owe £106k as of now. She had it valued this week at £139k. We still have a unsecured loan which we took out between us around 6 or 7 years for £20k when we bought our first…
-
What are our chances?
Me and OH have a combined income of £47.5K We are hoping to buy a new home next year of a value of around 210k-230k. We will have around 10% deposit and hoping to utilise the HTB equity loan for a further 20%. Does this sound about right? I don't think we will be able to lend that much OH is convinced we will be fine. By…
-
Santander Mortgage application Process
Hi I am a first time buyer recently applied for mortgage with santander through a broker. earlier i have applied for Halifax through the same broker but its declined as I have an active default on my credit report which is 5 years old and for a mobile phone contract for £490. before applying to santander our broker…
-
Remortgaging - keep term or extend 25yrs?
I've found I can remortgage to a lower rate thus reducing monthly outgoings, which is great. But I have a question, I currently have about 15 years left on the term but if I remortgage to another 25 year term I would pay even less a month. I'm running a savings account which pays fractionally more than the new rate so…
-
4.5 x income multiples
Hello, We are applying or rather substituting a property with Santander. They will lend us upto £227,000 We have a mortage offer from them for £198,000 for a property. We need to increase this borrowing by £10,000 to buy a different property. My question is since the BOE limit the amount of mortage lending at 4.5 income…
-
Natwest - Buy to Let Mortgage Application Timescales
Hi - Does anyone know how quickly Natwest are moving at the moment with their mortgage offers? Our buyers are getting a buy to let mortgage with Natwest but it seems really slow. Thanks!
-
Credit search day of exchange-please help!!!
Hi all! I am new to the forum so bare with me :) We are due to complete on out mortgage tomorrow with exchange happening today. Before the sale of my house I applied for finance on a car, house sold the next week (wasn't expecting it to sell so quick!) so applied for mortgage and told car finance I cannot sign for anything…
-
FTB currently in London but wanting to buy elsewhere
Hi I'm in the very early stages of considering becoming a first time buyer and I'd be interested in people's advice on my options. I've done some reading around but not really found anything that covers my possible situations. I'm currently on a permanent employment contract in London, living in rented accommodation but…
-
Looking to buy, some advice please
Hi Me and my wife will be looking to buy a property some time next year but I am a little unsure what our chanes will be based on our current situation. I am 34yo and earn £60k gross. My wife left her job as we had a child almost 2 years ago now. We previously owned a property for 8 years, which we sold last year. We had a…
-
So annoyed at myself
I have stupidly made a late payment for a catalogue account and now have a late payment marker on my credit file. It was for a catalogue account that I rarely use. Wife ordered some Christmas stuff but forgot to tell me. I paid late and the marker is now visible on my credit file!! We were hoping to move house in 18…
-
Restrictive Covenant Remortgage Fees
Hi All, New to this forum, and although there are some really useful posts related to restrictive covenants, they're generally with regards to getting permission to conduct the activity it was designed to restrict. In my case I'm trying to understand why I'm having to pay the benefactor of the covenant on my garden an…
-
Mortgage overpayment
I've just received a letter from Halifax to say that when I re-mortgaged with them 2 years ago, I should have been offered a better rate than I was given due to a miscalculation in their valuation tool. They've offered to refund me the money but somehow this doesn't feel right as I've had to opt out of a pension scheme in…
-
Joint First Time Buyer and Rent One Room
Hi All, I am looking to buy a 2 bedroom property with my sister, with me putting in 80% of the deposit, and my sister 20%. My sister intends to live in the property, but the other room will be rented out. Do you think we need a buy-to-let mortgage? Or can we get a joint mortgage, and just rent out one of the rooms. Thanks!…
-
Changing to BTL or keeping with consent to let?
I'm not very good at this mortgage business so thought I would ask for some advice I have a property on a residential mortgage with natwest. Several years ago due to personal reasons I had to move back in with my parents and rent out the property. Natwest agreed for me to the let without any change of rate etc and its now…
-
First time buyer - In-house Mortgage Brokers
Hi all, I'm in a bit of a quandary having just had an offer accepted on a property. I have sought a mortgage in principal from my bank, which I am happy with and plan to take forward. However the Estate Agent is trying, rather hard, to encourage me to see their in-house mortgage broker. I've been told that the broker may…
-
Broker specialising in Low income
Hello, I am in the process of searching for a mortgage and wanted to know where I could find details of insurance brokers with reviews etc. There seems to be lots of brokers but how can I find one who specialises in low income mortgages? Any one have any recommendations? Thanks
-
Commercial Mortgage experiences and advice
I'm currently considering getting a commercial mortgage for a commercial property investment. I have done some research and enquiries regarding this and have done the following so far: -Contacted the estate agent selling the property and received legal pack -Viewed the property with vendor -Contacted a few lenders and…
