-
big deposit, but bad credit
hi every one new here, im after a little bit of advice, i have an awful credit score, loads of previous defaults etc as does my girlfriend who a few years ago had a DRO. her father recently died and she has come into about £90,000. i am a builder so property development seems the obvious choice. we can buy a DUMP of a…
-
Does Virgin need to see proof of deposit before my FA applies
Hi does Virgin need to see proof of deposit before my financial advisor applies for a full mortgage? Some of deposit won't clear till Wednesday. We have an AIP and all the other documents? Thanks
-
mortgage for French home
hi guys i have been meaning to join this site for ages now but not sure how it operates but i have a question i hope the group may have answers too. last year after 30 years of hard work we managed to finally pay off our mortgage on our existing home. we now would like to buy a home in France so we now need a new mortgage…
-
HELP! Mortgage lenders for properties with a section 106 agreement/clause
Hi there, My girlfriend and I would like to buy our first home. We've seen a new build in a perfect location and within our budget but it has a Section 106 clause. The clause is an affordable dwelling/local person type which, we qualify for but struggling to get a mortgage. We have been accepted by RBS on a mortgage but…
-
Multiple accounts with overdrafts and credit score
Hi all, Many thanks for all the great tips on this website. I have a few current accounts and a credit card. The reason I have a few current accounts is for the high percentage interest rate saving. I only use one account day to day (the others have standing orders to fulfill the "deposit £x per month to receive interest"…
-
Mortgage Application - Self-Employed/end of Tax Year
Hi, I asked this question on a separate thread the other day but it didn’t get answered so starting a new thread. We’d like to include my wife’s earnings for an upcoming mortgage application, and as she’s self-employed, I understand we must wait till April 6th for the tax year to end so that she has a complete year’s worth…
-
Valuation After Underwriting Process
Hi Guys, If the valuation is carried out after the underwriting process is it pretty much guaranteed the mortgage has been approved providing everything is ok on the valuation? Thanks again for everyones input!
-
Mortgage to Buy To Let - Prep
Hi Everyone, I used this forum for mortgage advice last year and found it really helpful so here goes with another query.. I bought a house with a 10% deposit last year (July). Its not as big as we would like and we plan to upgrade to something more expensive in about 18 - 24 months time. We would like to keep the house…
-
Interest Only or Repayment Mortgage ?
I am currently on an interest only mortgage and want to start paying off the capital. My current interest only rate is 4.74% but my current bank has offered me a better interest only rate of 3.99% with no set up fee. I have also found a fixed rate mortgage deal with another bank for two years at 1.99% no set up fees. Can…
-
mortgage application - bank statements
We are in the process of applying for a remortgage. They company want our last 3 months bank statements. Do most of them accept statements printed from online banking accounts? As I only do online banking. Thanks
-
Opinions please
We have a very small mortgage with 8 years left to run. At the moment I overpay regularly £15 per month, plus any extra every now and then. The overpayment calculator says this will reduce the term by 5 months approximately. For various reasons we are going to have at least £1000 'spare' per year over the next few years…
-
Financing a house extension
Hi all, I'm looking to get a single storey extension on my home. The cost of which will be around £35k when all complete. I have around 10k in savings to put toward it but need to finance the other 25k. My current mortgage is around 90k and the house is worth around 275-285k. I was thinking of adding this to the mortgage…
-
Mortgage penalty
Hi, Me and my partner bought our first home together in October 2015. Five weeks later, he decided it 'wasn't for him' and moved back to his parents house - leaving me to deal with the fall out. I have since put the house up for sale to get rid of it. I have been informed by the mortgage company that there will be a…
-
Bank statements
I am hoping to apply for a mortgage in the next few months May/June time hopefully. I have been repaying my mum some money I borrowed off her (£200) per month which I will finish paying in May. My question is will the lender question this payment to my mum? How can I prove that I no longer need to pay it to her? Also I…
-
Help to Buy London Mortgage Help
Good afternoon all, My partner and I are considering to buy a new build apartment in London this year. The apartment would be financed 5% by our own deposit, 40% by the Government's 'Help to Buy London' scheme and the balance by a mortgage. The monthly mortgage costs are affordable (less than we pay renting in fact), but…
-
Solicitor referral by Mortgage Adviser
Hi, We are first time buyers and we are using a national mortgage advisers company. They have quoted us legal fees for conveyancing through a solicitor they are referring us to beginning of last week. I have been trying to get the name of the solicitor who will be dealing with us, but all we have so far is the law firm…
-
Brokers- Help
Can any brokers advise me on my situation Current broker says he cannot find us a lender, we have 15% deposit for a house so looking to borrow £106,250. Earning a total income of 37k and have previous defaults on our files as far as I can see the most recent being 2.5 years ago. He is saying one lender says pay off the…
-
Mortgage offer and student loan
Does anyone know what impact outstanding student loans have on the amount a bank will lend for a mortgage? I spoke to a mortgage broker a few months ago who told me that I should be able to borrow up to £216,000. However, when I use the online calculators, this figure varies hugely. Using the Nationwide calculator, if I…
-
Transferring my mortgage to my ex
Good Morning, I have a mortgage with my ex girlfriend. We bought the place 10/11 years ago, after a year of ownership I verbally gave her the place, and have had nothing to do with it since. So now I want to get my name of the mortgage and put it solely into her name, as I want to buy a property with my new GF. The…
-
Changes to current accounts/credit cards affecting mortgage chances - please help!
All being well I will be applying for a mortgage at some point this year (though how soon that will be I'm not entirely sure right now). I've been reading quite a bit of (sometimes conflicting) advice on what you should/should not do in the run up to applying for a mortgage, and was hoping for some advice on my current…
