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Mortgage with Defaults
FTB after some advice! Currently have a financial advisor who is trying to obtain us a mortgage, he has both our experian credit files and all the info he needs. We have found a house to buy and have a 15% deposit. Both have full time jobs that we have been with the companies a total of 7 and 13 years. However we have 2…
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About to finish paying Alliance and Leicester mortgage - what happens
I have an A+ L repayment mortgage which I have had forever. I have always paid for it on a SO and some years back I increased this to repay more quickly. I recently had my annual mortgage statement from Santander and see the happy day is very soon approaching when it will be fully paid off. There was a leaflet with the…
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Guarantor Mortgages
My partner and myself are wanting to buy our first house. My partner has a very good credit rating, together we earn a good amount for the size of the mortgage we want, we have just over a 5% deposit, however I have a very poor credit score which I am in the process of improving. Because of circumstances we want to try and…
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What proof of earnings will I need?
Hi, I would love some advice on what proof of earnings I will need in order to take out a mortgage. When my mother passed away several years ago she left the family house to me and my sisters, the house is currently on the market and about to be sold. My share will be enough for a sizeable deposit (60%ish) for a house for…
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What are my chances?
Ok so we have a 23k deposit on a 150k house (84.66% ltv). I have savings of 17k, my bank balance is in credit to 2k. I have a good credit score, last time I checked it was 986. I earn 39000 a year. Problem is, in the last 3 months I have spent £400 more than I earnt because of Christmas. Over the last 3 months I have paid…
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Mortgage advice - can we sell a share in our house?
Husband & I in early 60s. House worth 250K. Mortgage 100K. We would like to release equity without moving. Son and family looking for bigger house.Could he raise a mortgage to buy half of our house? Could solve both our problems. Advice please.
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Re-mortgaging when possibly selling within 2 years?
Hi I want to get a better rate by re mortgaging but don't want to be tied in and have to pay a big fee if I sell in a year's time. http://www.barclays.co.uk/mortgages/buy-to-let-mortgages At the link above there are a couple of trackers which say none next to the early redemption fee. Does this mean I could re mortgage to…
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overpay on mortgage difficulties
Hello, I'm looking to overpay each month on my mortgage, 10% so i avoid the penalty. but Santander make it so hard to do so! basically been told that if i want to change my direct debit i need to reapply for a shorter term... so basically a new mortgage? and if i want to pay on a separate standing order i need to call them…
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Employee payment history instead of payslips
Hello I have a question about evidence of earnings that doesn't seem to be mentioned anywhere I can find online, so hopefully someone here will know. My husband doesn't get payslips from his work- it's a very small caf! and I don't think they have the software to print proper payslips. What we have got from his boss is an…
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Paid in Cash how does this affect mortgage
Hi I'm asking on behalf of my friend. She works and gets paid Cash. She has wage slips, pays tax etc so all above board but doesn't pay all her wage into bank as pays shopping etc cash. How does this affect her mortgage chances with the new legislation? Any advice would be greatly appreciated
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We Own the home but want a Buy To Let
Hi Currently my mum has lived in her freehold house for many years. As a family we have decided it would be better for her to come live with us. This has now left the freehold house ready to go on rent. MY mum was hoping she could get a BTL mortgage on this home shes about to rent and use the capital she would release from…
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Remortgaing during initial fixed period
Hi, I'm interested in remortgaging but am still in my initial fixed rate period. Does anyone know if I can still remortgage or would I have to wait until this period is up and I'm back on the standard base rate? Thanks
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Building Insurance / Scheduled to Exchange Monday / Awaiting Mortgage Offer
Hi, Halifax have arranged for valuation to take place tomorrow, and we were supposed to be exchanging on the 22nd Feb (Monday) and moving in end of March (New build) Our solicitors have sent us documentation mentioning that we need to have building insurance 5 days prior to exchanging. Is it a good idea to do this when we…
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FTB Questions - Please Help!!
Hello :) DH and I are trying to buy our first property with a 25% deposit. I was wondering... 1. Our credit search apparently came back ok and we have been accepted based on that but when I have looked at my Experian report it only shows a 'search with no impact'. If they had taken a proper look at our credit files would…
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remortgage fees - am I missing anything?
Can anyone please tell me/confirm if I'm missing something with re to fees needed for a remortgage for a leasehold flat? Thank you. * broker fee * valuation & legals (hopefully £0 - if the broker can find one of those deals offering free legals and valuation. Are these 'free legals' offerings really entirely free? Or, are…
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FTB in complete confusion
Hi all. I am really hoping I can get some help and advice as a long time lurker, first time poster of this forum. Myself and my partner are now at the stage where we would like to move out, currently both living with parents. We have spoken with an independent financial advisor who gave us a figure on what we could borrow…
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Residential Mortgage being used for rental
Three years ago my partner my partner got a mortgage for a new house. In the meeting with the mortgage adviser, I said that we would like to keep our existing flat and rent it out. I asked what the process was. She said that if I called "the buy to let team" they would transfer it over at the current rate which was the…
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Lloyd's Mortgage Problems with verifying income!!! Are we going to lose the property?
Hi all, wondering if anyone has some words of advice on issues we are having with our Lloyd's Mortgage application. Offer in principle issued around the 21st January 2016 for a property up to £270k, we eventually settled on one for £208k so well within budget. Its a new build under help to buy mortgage guarantee, 5%…
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Mortgage renewal
hi all, just a quick one.... my mortgage is due for renewal in may, how soon can i apply for another offer ( is it a standard amount of time no matter which company i go with?) cheers
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Remortgage application when on sick leave
Hi, I want to remortgage but am currently signed off work sick. Will this affect my application? TIA, Lynne
