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Mortgage with adverse credit
Hi All Just trying to help a friend with a good place to start with looking for mortgage brokers / lenders who work with adverse credit. Their adverse 2 defaults (both settled in full) 1 expires Dec 2016 and the other expires in May 2019. 1 account which was on an arrangement but they have settled that in full. Anyone had…
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Proof of income from HMRC
I am trying to get a residential mortgage and desperate for advice. I work for the family business. It is a limited company and I have been employed on PAYE for the past two years. Yet despite giving my last year's P60 plus payslips the bank (Leeds Building Society) is now asking for proof of earnings from HMRC. Someone…
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Credit Check when remortgaging with the same bank?
I bought my flat a year and a bit ago and towards the end of the year, I'll need to be looking at remortgaging, when my 2 year fixed ends. Due to circumstances changing, I won't be able to switch to another provider and have to stick with the current one. However, my plan is as follows: I have ~£10k in savings and ~7k on…
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Remortgage - how much will I owe?
Hi there I hope someone can help. I took out a 5 year fixed mortgage at 2.68% (property purchase price £218k with a deposit of £68k therefore owing £150k). The first full payment came out in November 2015. When I come to remortgage how much will I owe? I am asking this question because I am trying to work out what salary I…
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Help to Buy ISA terms
Greetings, I am helping my daughter manage an inheritance. A help to buy ISA fed by a Santander 123 account seems like a good idea for here, she would be a first time buyer when she does buy. However, I've been looking at the details and seen that any property bought under this scheme must not be let out. Now, she is young…
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Remortgage with low credit score
In the crash I inevitably ended up with a huge change in circumstances and my own personal debt bubble burst. As a couple we ended up with DMP which ends this May yay! we remortgaged in the March of 2007 in to a 3yr fix rate with Alliance and leicester, the SVR is now 4.99% tried to change with them in 2011 and was refused…
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Arrangement Fee and Maximum Borrowing
Is the arrangement fee included in the maximum amount you can borrow? Or can I borrow my max plus arrangement fee? So if the max I can borrow is £100,000 can I add the £1495 arrangement fee on top? So my mortgage would be £101,495?
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Help needed want to sort out mortgage
So I finished all payments to a debt manage my plan 6 months ago and have been debt free whilst not taking out any further loans. My fianc!e who has high earnings and a good credit rating and I are now in a position to buy a place of our own, he's selling his house and so we will have a loan to value of 25- 35%. Along with…
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Mis-sold first time buyers scheme?
Hi everyone, I've searched the Internet for answers to my question and can't find anything so in a last ditch attempt I thought I'd see if I can get any answers or advice here. In October 2012 my husband and I bought a new build house on a first time buyers scheme; this involved a mortgage for 75%, 5% deposit, 10% loan…
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Nationwide want to trace deposit money
I've applied for a mortgage and been accepted and have a large deposit (over 50k) and they have asked for statements so they can essentially trace the money, presumably for money laundering purposes. The problem is that I've been saving this money for 8 years and have had roughly 20 savings account during that time. I…
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parents helping with mortgage
hello everybody, I am here for your help! I have been regularly reading these forums and they have helped me a lot in recent years so thank you very much for that! So onto my first ever question... I am unable to get a mortgage at the current time due to past defaults and a lack of a deposit. My parents have kindly said…
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Continuous employment question - can any brokers help?
Hi We are submitting an application in the morning. My partner has a start date for employment dated 24th March 2015. Will this suffice as 12 months employment or will we need to put it off until next month? Or even just next week? Does it have to be exactly 12 months to the day? Thanks in advance for any help
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Mortgage in principle without sa302
Met with an independent mortgage advisor yesterday to look at getting a mortgage in principle. I'm a 25% shareholder in a ltd company, have 3 years worth of accounts. Because my salary and dividend income wasn't within higher tax threshold, I haven't registered for self assessment until this week when the 14/15 accounts…
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Returning Expat
Hi, I've been working abroad for 5 years and returned in November, 2015. I found a new job and started in January this year (full time now, probation was January). I'm a UK citizen and I've had a UK bank account for many years, my credit history is good. I'm not sure if it was legal but I stayed on the electoral (at my…
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FTB Buyers questions
Hi All, Regular browser, but first time poster. Me and my girlfriend want to get a place together. Wondering how our circumstances stack up and whether I'll have to change job. She is a part time nurse (working part time due to 50/50 childcare with her ex), so gets working tax credit, half the child benefit and child tax…
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Possible to leave £10 in your mortgage to avoid ERC
As per title, is there any rule to say how much must be left on your outstanding mortgage to avoid ERC, I can make penalty free unlimited over payments. I have a couple of years or so left on a 5 year fixed rate, but I can pay the mortgage off before then if I choose too, however I will get a few £1000 ERC for doing so ,…
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Too early to see a mortgage advisor?
I'm considering speaking to a mortgage advisor (MA) in the next few weeks, but am I wasting my time (and their time) if I'm not looking to buy until Autumn 2017? My circustances aren't typical (ex-bankrupt, first time buyer, 48 year, looking for 25 year mortgage which means past state pension age, etc) so I have lots of…
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remortgage dilemma
Hi I am looking for some advise - my current fix ends in August this year -unfortunately I cannot just switch to a new product with same lender like I did last time because I need to get my brothers name off my mortgage and add my husband prob is husband has very poor credit rating and I don't earn enough to take mortgage…
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Is this legal?
Hi there, I recently applied for a mortgage to buy a FREEHOLD property offered by Connells Estate Agents and agreed to use their in - house mortgage advisors (at a 'mandatory' fee od £499 for lifetime advice). I signed my application and instructed my solicitor. My mortgage application was approved. £1000 later (fees,…
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Negative equity for 10 years can anyone help!
I bought my 1 bed apartment as a new build and first time buyer in 2006, the market crashed and was told to wait before selling as my property was in negative equity by £20,000 I've had to rent the property out but can't afford to keep it! After 10 years it's still the same negative equity and as I was young and naive I…
