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Joint mortgage - large monthly payment
My husband and I are hoping to purchase a new home in the near future. We looked at a property at the the weekend which we love. The payments are £1500 monthly which based on my husbands income is affordable. I am on a fixed term contract (a graduate and it is the norm to be a FTA for year one in my profession) so I had…
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Mortgage decision with under writer
Getting so frustrated We started out mortgage application 23/10/2015. We got a dip from our current mortgage provider and got an email 13/11/15 saying all had been agreed and they just needed our valuation money. I called and gave them my card details, my bank statement shows they took the payment 16/11/2015. we then got a…
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Ex wife defaulted on Joint mortgage
Okay first post and its a little complex (well who said life was easy ;-) ) About 3 years ago I (by chance) found out that my ex wife had repeatedly missed mortgage payments, we had a sealed court order as part of our divorce which stated she could have sole use of the property as long as she kept up the mortgage payments;…
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Nationwide - First Time Buyer
Hello forum! I'm a first time buyer and I was doing the 'Save to Buy' option with Nationwide for the 5% deposit on a property of 680,000. Stupidly, I did not realize this offer was capped at 350,000 (my mistake). I've a good credit history and can afford the amount because of my salary in my new role (been in new role for…
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Applying for a mortgage with a credit card debt
Hi All, Looking for a bit of advice please. In the very lucky position of having a 1/3 deposit on a small two bedroom house, currently owned by a family member who is upsizing. I have very little in the way of fixed outgoing a, rent, car insurance, road tax, maintenance and my phone bill. I do however have a nearly 5k…
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Removing Partner From Mortgage Application After Offer
Hi All We have finally got a first time buyer mortgage offer from Halifax with HTB equity loan and 5% deposit on a new build house. Our house completion has been delayed till May 2016 and we have a mortgage drawdown deadline of June 30th. We are likely to exchange in Jan/Feb 2016. I am self employed and my partner is a…
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Open-source Mortgage Application Data
Hi all, This question is most likely directed towards Brokers and others who deal with applications on a regular basis. Are there any sources of open-source data geared towards mortgage applications (e.g. number of applications submitted, number approved, etc.)? Thanks.
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When to submit full application
We have a decision in principle from Halifax. We have had an offer accepted on a house but the chain is not yet complete (the people our vendors are buying from have not yet found a place) Should we wait for the chain to complete before applying for the mortgage or just go ahead and apply now?
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Broker Reccomend?
Free broker that isn't L&C. Thanks
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Adding ex bankrupt to mortgage and future borrowing
Hi all, Am looking for some advice please. Hubby had a house repossessed with an ex and went bankrupt in 2009. Discharged 6 years now and starting to rebuild credit. Files are clean and now has a lloyds classic account. We moved house last year and mortgage is in my name. I was on maternity leave and now working part time…
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Mortgage name change
Hi I'm wondering if anyone could shed any light on this for me, me and my partner took out a Morgage last year with a local building society, but as I had default they wouldn't accept me so we put my partners mum on so it went through, the default will drop off my credit file in December and I want to have my name put on…
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Stressed and no idea what to do. Advice?
Firstly, please dont judge as we made this decision before reading this wonderful forum. We went with the estate agents mortgage advisor for our mortgage and it has been exactly as bad as people on here have warned people about. So for anyone wonderign whether they should...dont! Our offer was accepted about 4 weeks ago,…
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Lenders Occupancy form issue
My Banks have asked me to sign an Occupancy form but have been informed by the solicitors they may not accept my brother on it as he is gifting us some of the deposit money and is not one of the mortgage applicant. In a bit of a waffle as I do not know what to do and in need of urgent advice, have spoken to my mortgage…
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Offset Morgage guarantee?
Hi, can anyone tell me if an Offest Mortgage still has the £85K guarantee if the bank fails? I ask this because it is a different type of saving, so may come under different rules.
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Gap between COT and draw down
Looking to see if anyone has been in this situation... My new build completion date has bee delayed till Mid-March. Mortgage offer expires 27th of Jan.. Mortgage company wont extend, resulting in a completely new app being required. My solicitor doesn't seem phased and says that they'll simply submit the Certificate of…
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Was it good advice to take an IO mortgage?
Hi :hello: 8 years ago I needed to remortgage to buy out my husband My financial advisor advised that I should take an IO mortgage which I did. It was for a 10 year term and whilst looking around recently for ways to repay the lender a friend who works in banking, told me that I had been given bad advice to take out an IO…
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Remortagage & Valuation
Currently in the process of remortgaging and got a bit of a shock when I got the valuation back from Nationwide. Basically they have valued at £20,000 less then two other surveys that I have been carried out in the last 12 months (the first as I was looking to sell at the time, the second was carried out for another…
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likelihood of hsbc letting me do this?
I have a tracker mortgage at 0.98% with about £80k to pay vs £180k house (when took out mortgage-about 8 years ago, now prob about 240k. Been overpaying by just under £200 per month since 1998) How much chance do I have of: a) adding new husband to mortgage b) borrowing about 30-40k for extensions without HSBC taking my…
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Is it worth paying broker £400 (on top of £420 commission they receive)?
Hi I'm looking at buying a new home, I have had a meeting with a mortgage broker, we have identified a suitable mortgage with barclays. For the broker to arrange this for me he is charging £400, I have seen in the key facts index that he will also receive £420 commission from barclays. I feel charging me the flat fee in…
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Lender recommendations who offer competive CTL
Hi looking for some recommendations for lenders that offer Consent-to-Lease with competitive terms. I've done some research on here and some allow CTL after 6 months. But some only allow you to do this for a maximum of 6 months and charge a fee and up interest by 1pc+. Unfortunately you can't compare the market for this :)…
