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Mortgage bank statements
Hi there hope someone can help with this question, I am a first time buyer looking to get a mortgage, i have 2 bank accounts one which is my main account which i have kept in good order for the last 6 months where all my day to do bills etc are and the other which i dont use as much but have used for things like share…
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First time mortgage
Hello, My wife and I have recently returned to the UK after working abroad for a few years and are looking to buy our first house ASAP. We're looking in the region of £175,000 and have a 30% deposit. We also own my mother-in-law's house, where she still lives, which is worth about £150,000. We're both looking for jobs at…
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Relocating with old jobs providing basis for mortgage
Hello, We are looking to re-locate and buy in a different area of the country. We are currently selling our house with no onward chain to make that process simpler, moving into relatives until we re-buy. When we apply for a new mortgage will they look at where we are currently living and the jobs we have and realise that…
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Credit Score
I've just got my updated credit score, it's gone done 3/5! I'm gutted as this could ruin my chances to a mortgage lender. More to the point I don't know why? Other than i've spent more on my CC but also paid the same amount off would this have caused it? I have a check of £2,266 on my Barclaycard?
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Borrowing more at remortgage
I am currently overpaying my mortgage which is on a fixed deal. My intentions in doing this is to minimise the interest paid and then when the it comes time to remortgage apply for the maximum I can afford, thereby releasing quite a bit of equity. Will the lender ask/care what I plan to use the money for? When I purchased…
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Chances of a Mortgage
I was recommended by my friend to this forum. I am a first time buyer, overseas national (On Tier 1 visa) been in the UK for 7 years. I have been a freelance website developer for the last 5 years, recently started proper contracting using my limited company on a daily rate of £250 The contract still has 8 months left on…
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Store Card
My wife has a Debenhams store card, should she close this? it goes unused but she doesn't have a CC. I read it's good to have something on your credit file?
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What happens after valuation?
Hi All I've applied for a mortgage with Halifax & paid the valuation fee at the time of application. I have just been told they have instructed the valuation to be carried out on Tues 24th Nov. Would Halifax have already done the various credit checks required, or is this generally done after the valuation is carried out?…
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Generous lender for new build flat mortage?
Hi, We're looking for a lender that: - is on the generous side on the affordability checks - can do 80% LTV on a new build flat We've considered the Help to Buy Loan scheme but the housebuilder says that we can't use HTB Loan because property is being built and will be delivered by December 2016, and by then the HTB Loan…
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Will the lender have a problem with how we run our finances?
Me and my partner have had an offer accepted on a house. So need to submit the full mortgage application soon, our DIP is with Halifax. The way me and my partner run our finances is: My salary gets paid into my account His salary gets paid into his account. But then on his payday he transfers the whole amount into my…
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Question about 5 year fixed deal on remortgage
Hi all, We're soon able to get a new fixed rate for our mortgage and plan to stay with our existing lender. Our situation is: Approx £90k left on our mortgage, with 10 years to go. We have a decent amount of equity, the value being about £250k, so loan to value ratio is about 35%. Fancy the security of a 5 year fix and the…
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Valuation for existing borrower wanting a customer retention product
We are coming to the end of our fixed period with Nationwide, and will probably look for a new product from the same lender to avoid affordability assessment, as our income has decreased and outgoings increased significantly since our original mortgage application. I just had a call from the estate agent we bought the…
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Re-mortgage and an Existing Second Charge
I'm looking to re-mortgage my property away from NRAM in order to secure a better rate and I only have a consent to let until march next year and need to get it onto a BTL. The problem is I took out a secured loan on my property and my broker said I would need to take advice from the lender with the 2nd charge. I spoke to…
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Nationwide application process
Hiya, I am anot aspiring FEB. I applied directly with nationwide building society on Thursday 12 Nov, received a text right afterwards to confirm submission. I then called on Monday 16 Nov to get an update but the advisor informed me that the underwriters wanted to see my bank statement for the last 3 months which I have…
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Mortgage post IVA
Hi all After some advice on my chances of getting a mortgage: Renting but at the same address for 4 years My income £54000 plus bonus of £38250 (payable in April 2016) Wife's income - £12000 Deposit £70,000 Looking to borrow £200k to £220k Full time employment So all looks good eh... However, I've not a good credit score.…
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Re-mortgage
Hi, Looking to lend 100k on a house valued at 130k over 20 years, preferably fixed for the first 5 years. I'm 42, would lending this much be an issue and what deals are there? Also, thinking of putting my partner on the mortgage, she is self employed, would this help/hinder?
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Funding the building a granny annexe
My 87 year old mother moved counties a couple of years ago to live next door to me, so this achieved a comfortable level of support for her. However she now needs more appropriate level accommodation. I am building a new house next door for myself, and have offered her the opportunity of bespoke self contained…
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Split from Fiance
So here's the thing - my fiance and I have split up and have a joint mortgage together. We both went in halves on the initial deposit and halves on the entire bills including mortgage so there's no dispute there. My intention (and he'd relatively happy for this to happen) is to buy him out with some assistance from my…
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Coventry Building Society - Flexx Rates
Hi all, For many of it's mortgage products, Coventry use an internal "Flexx rate", .e.g. on their Offset Flexx for Term products. I am looking for the current value of this rate and its historical values, but despite extensive googling and rooting around Coventry's site cannot find it. I'm sure that I must just be missing…
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HSBC- Good deal or not
Hi Folks, I have been offered a new deal by HSBC at a fixed rate of 1.89% for a fixed period of two years. The over payment is limited to 10% and there is no arrangement fee as i am a existing customer. Is this a good deal? and do we expect rates to go up in the next 2 years. Any better deals that this? I have a good LTV.
