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Remortgage with existing lender
Hi, I've had a tracker mortgage with HSBC for the past three years or so now, and finally think it's about time I moved onto a fixed rate. However, a year ago I went back into full time education as a University student. My only form of income is a guaranteed bursary for the next two years and a small student loan. My wife…
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Can I include Stamp Duty in mortgage
Hi all, I'm looking to buy a house with a 15% deposit. However, I'd have to pay £8.25k in stamp duty which I cannot afford up front. Can I add this to my mortgage and put 15% of my stamp duty to my deposit? Any advice or options here greatly appreciated Thanks,
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Changing mortgage to single name but ERC is £5k??
Hi, Due to separation I am changing my Santander mortgage to my sole name and buying ex partner out. I have a 5 yr fixed which ends 2018 so the ERC is £5k (Never knew about this until I looked at statement) Do you always have to remortgage to change to single name?? Any advice as I really don't want to pay/split £5k as its…
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Help me understand :(
Hello I've just downloaded my annual Endowment Statement with Standard Life and, as usual, I've no idea what it all means other than it wouldn't have paid off our £75,000 mortgage (which we overpaid and now it's at about £35,000) The Endowment is an Early Maturity Plan started in June 1991 matures June 2016 Sum assured…
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Reserve deposit
Has anyone on here put down a reserve deposit for a house without being approved for a mortgage yet? There is a new development I am interested in and the houses seem to be going quite quickly from Phase 1. There's one I have my eye on as part of Phase 2 and after speaking with the estate agent, there seems to be a few…
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URGENT! Gifted deposit Questions
Hi everyone, Sorry to have to mark this thread as urgent, but we have a full mortgage application appointment next week. My dad and my sister are gifting me £5K & £3K. This money is still in their accounts and still hasn't been transferred to ours. I'm really tearing my hair out here, because of the stress, but in order to…
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Mortgage Low Income
I was just wondering what are my chances of securing a mortgage on a low income. I earn around £18,600 a year salary and then about £2000-4000 in overtime. What are my best options for low income?
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Remortgaging issues with broker
Can anyone offer me some advice please? I am in the process of remortgaging a BTL property. It is a property that was bought for this purpose many years ago and has a has a BTL mortgage currently secured on it. The existing BTL mortgage is from a small, local building socity that no longer offers new BTL products. Whilst…
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BTL stamp duty query
Hi guys, im looking to buy a house in the next 6 months, i have a buy to let property and now live in a rental. Would I have to pay the new stamp duty. my BTL was my main residence till 8 months ago. Also any advice on mortgages where its on 1 persons name but you can use 2 incomes eg on my partners name but but for income…
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74 year old looking for a mortgage
Is there any hope for a 74 year old looking to borrow 80% on a £60k purchase on a repayment mortgage with a pension income of £12k?
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Best Mortgage Provider for my situation
Can anybody recommend a mortgage provider to suit my situation? I am the Director of a company which has been running for 8 years but I only started submitting Self Assessment for 2014/2015 and will shortly submit my second Self Assessment in a month's time, so I will have 2 years of SA302 to show, the company accounts are…
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Due to exchange in three days and seller has demanded more money...
Hi guys, I'd be grateful for any wisdom/advice anyone could offer... I am due to exchange and complete (simultaneously) on my first flat on Wednesday and last night the seller demanded an extra £10k or he would pull the sale and re-list the property. I'm so angry... Without going into paragraphs, I made the offer on 2nd…
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Will pay day loans(quick quid) from 3 years ago stop me from getting a mortgage?
3 and a half years ago out of desperation I used quick quid over a 7 month period as a easy option to recover financially. I'm now in a good position with my partner and have our deposit ready for our first house, but I've been reading that this pay day loan may ruin our chances of a mortgage? Has anyone got any advice on…
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Let-to-buy
I'd like to get a let-to-buy mortgage to release the equity in my current property, which I own outright. Am guessing this is a specialist market as I don't seem able to access the same amount of unbiased info online as I would with a buy-to-let. Am wary of making the wrong choice through nativity! Does anyone have any…
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Will this cause a problem with mortgage?
Hi We're in the process of buying a house...have had the formal mortgage offer and surveys etc done-just waiting on searches to be completed by the solicitor. When we applied for the mortgage in branch we mentioned to the advisor that my other half was considering reducing hours to 3 days a week from FT and asked if this…
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Loan After Exchange, Before Completion?
Hi, Help needed please. I am about to exchange on a new build house - due to be completed at the end of May. I need a new car so was looking to get a loan to fund it, but worried it may affect my mortgage offer if I get it before completion. Thoughts please? Thanks in advance.
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Bank Of Ireland
Hi everyone, I'm a FTB who submitted my app yesterday via my broker to Bank Of Ireland. Has anybody else recently applied or been received an offer from them? Already within 24 hours of receiving my app they've requested 3 months bank statements, although this may just be to tick some boxes off on their checklist upon…
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FTB mortgage on salary for new job?
Hi, I will be starting a new job in a little over three months time, on a higher salary than my current post that I've held for 5 years. Speaking to a L&C mortgage adviser today I was told that I won't be able to apply for a mortgage based on my new salary until I have started the job and have at least one pay slip, is…
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Income for over 70s
Apart from state and private pension income what else can be included under income when applying for a mortgage e.g savings interest and dividend etc?
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Self employed but asking for old P60
Hi, I'm self employed and applying for a mortgage with a lender who is happy to accept 1 year of accounts. However they are now asking to see my P60 from before I became self employed. I can do this, but I am wondering why they need this if they are working only on last year's accounts? My old P60 is also nowhere near…
