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FTB - should I use a mortgage broker
Hello I'm a FTB and have found a house where I would like to put in an offer. Was wondering whether I would be better off using a mortgage broker or not - I'm in an unusual position in that I have a large deposit (more than 50%) and would be borrowing just under twice my salary. No credit problems. Was wondering whether…
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Chances of mortgage with 1 default over 5 years
Hello everyone, I was wondering if anybody experience similar or is currently in same position... Basically looking to apply for a mortgage with partner we have a total 18,000K (10%) deposit for a house value of 180,000K My credit report is scored at 999 but my partner is at 750 (fair) he currently has 1 settled credit…
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Cynical about chances of getting a mortgage
Due to an inheritance coming to me shortly, me and my husband have been discussing getting a mortgage as first time buyers. I am sceptical that we would be accepted. After paying off credit cards and my student loan from my inheritance, there should be approx 45k for a deposit. We have been living at the bad end of a 2.2k…
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FTB-Mistake on application-what happens now?
My partner and I have just submitted our application through a broker following a successful mortgage in principal. However, I was unsure of the meaning of 'variable income' and did not provide the details of a 2nd income totaling £256.00 after tax during the last tax year. Will this mean our mortgage application is…
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Matriomonial home rights and mortgages
I'm in the process of getting ready to divorce my husband and have matriomonial home rights registered on our home. I've just received paperwork from the land registry that he has registered a charge against the property for an old loan that predates our marriage (it transpires that he "owes" his brother a substantial sum…
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Overpayment help
Hi was wondering if anyone could tell me if I am better overpaying (monthly small amount)) on my interest only or repayment part of mortgage. Same rate on both. I was told interest only part saves me more but while speaking to nationwide who have for some reason moved all my overpayments from my interest only to my…
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Virgin mortgage help
So we have got a mortgage in principle and supplied payslips and bank statements. They have asked for proof of the deposit but this won't clear till Wednesday as it was a gift from parents. Will this delay the surveyor going out? Thanks
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Affordability calculator question
When you complete affordability calculators do you typically include items such as groceries, electricity etc? The calculators on Nationwide and Halifax suggest they'll lend me about £236-£245-ish but don't seem to want to know about groceries or utility bills, but then on the calculator on the Mortgage Advice Service site…
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Mortgage in principle and gazumping
Hi. I have made offer on a house, it was accepted, mortgage approved. Now looks like we may be gazumped. I have paid initial fee to MA for application and also fee for homebuyers survey. This is on hold until we know decision of vendor re; new higher offer from other buyer, so survey not yet carried out. The MA is…
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Credit and temporary address whilst waiting for completion?
I am in the process of buying a property (SE England)... I have found the property, offer accepted, mortgage already offered, solicitor on the ball and hoping to exchange/complete by end of April... ...I have been served a Section 21 so I need to leave by early May. If everything goes to plan great, if it doesn't, I am…
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Paying off Mortgage
We are in the very lucky position of having a couple of months left before we have payed off our mortgage. I would love some advice on the best way forward. We are looking to move at some point and this would require us to go for another mortgage. My main concern is that would we have to jump through the usual hoops of…
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Can anyone reccomend a replacement to the One Account?
We currently have a mortgage with the One Account. It suited us perfectly when we got it as I was self employed and it allowed us to pay as much or as little each month providing that we always had some of the buffer left. I'm now employed instead and although earning slightly less it is more secure and stable. We are…
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Multiple current account funding
I am using current accounts and regular savers at different banks to earn some interest on my savings. Current accounts Santander 123 (main account) TSB X2 Lloyds Tesco x2 Regular savers TSB LLoyds Nationwide Halifax help to buy ISA So my Santander statement shows quite a lot of outgoings to other accounts every month for…
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Fixed Term contract
Hi, Ive been phoning/doing research as im on a fixed term contract, not having much luck I have around 14months remainder and i have been working for the past 5 months with a small gap before that. Has anyone got any advice, which mortgage companies to go for. Thanks
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Remortgage advice please
Bought or house 18 months ago and on a 2 year fix at 2.99% House value - bought at 250k but maybe worth 260k now current mortgage was for 150k but down to about 144k at present. However, cc debt about 9k...(this was mainly due to the purchase of a second hand car) the cc is interest free until May so looking to switch to…
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How Much Can I Borrow
First of all I have tried all the online calculators but I have a query regarding whether I can use my bonus and the online calculators are a bit simplistic and generic so I wanted some further advice. My current salary is £32,000 and every year I get a bonus of £3325 grosse which means a net bonus of £2500 goes into my…
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Help comparing Conveyancing quotes
Hi all, I have 5 Conveyancing quotes. Ranging from about £1,300 to £2,000. I have summarized these on an excel sheet but cannot post the image due to being unable to link to a website as a newcomer :( . I don't fully understand the quotes, and have some questions; 1) Why does only one quote mention a leasehold fee? 2a) Why…
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Recent Bankcrupt - who will lend?
What is the soonest i can get a mortgage? I hear nationwide after 36 months. Is it best to start banking with them? Any other adverse lenders who people have had success with? And what time frame. Any tips on repairing file in preperarion and the amount of deposit required. Also would it be possible for my parents get a…
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What Would You Do? (Advice/Opinions?) First Time Buyer
Hi all, Looking to buy a house with my partner some time really soon. We have roughly a £30-35k deposit (Depends how long it takes to buy) and we are looking at houses in the 200-230K range. Joint income is £42K Basically looking for advice/opinions on what you would do. The first problem is who to choose as a provider. Do…
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Conditions on mortgage offer
Received the mortgage offer with following special condition on it. The repairs on the valuation report must be carried out immediate after release of funds. We reserve the right to re-inspect the property. Just being curious, do lenders request re-inspection after the sale? I never heard of such condition or the lender…
