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Debt clearance before completion
Hi....really stressed....purchased new build, Nationwide mortgage approved. Solicitor ran through everything yesterday and turns out 1200 credit card to be paid before completing is listed on forms......I never agreed this! But I did pay small balance off another do it's only the one left.....Mortgage man says don't worry…
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Mortgage Broker advice FTB
I have an AIP with halifax which was done via a broker i found online. My sister has told me of a broker she knows through a friend who is local to me. Is it wise to use another broker at this stage? Ive had a brief chat with him but which was just before I got the AIP. I was told the credit search would leave a soft print…
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Considering Buying
Ok so in the area i live lets say property is growing fast and a 2bedroom flat would cost you at least 140k. I live at home still but have saved 45k for a deposit and have some extra for other costs and a little to live on if i did move out. Im on a 25hour contract basically meaning i get about 235 a week after tax but i…
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How long does it take to receive Redemption statement?
How long does Barclays takes to send out the redemption statement? Would it be by fax or post? Requested by solicitor today to complete the re-mortgage.
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Mortgage advisor? First time buyer
Ok so yesterday I viewed my first house with an estate agent, then today at the same estate agent they organised for me to meet up with their mortgage advisor. He went through all basics and the basic calculators which I could of done online. His fee is going to be £499 if we go through getting a mortgage with him / them.…
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Maturing endowment policies ...........
We have 2 endowment policies maturing at the beginning of May and we are confused with regards to the values. Both policies were for a term of 18yrs, both with Royal London (formerly CIS) and both policies were £20.00 per month. The first was for our son when he was born and the sum assured is £3,529.00 and the value when…
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Santander sudden decline HELP
Hi, Need some help so I know where I stand. Broker is away until Tuesday. Submitted to Santander via broker. Dip accepted. Full application submitted and valuation instructed same day application received. After valuation date confirmed through estate agent, vendor changes his mind about selling. Informed broker who passes…
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Offset mortgage and personal savings allowance
Hi all, I'm sorry if this has been posted about before, I have searched and haven't found anything. We currently have an offset mortgage with a reasonable amount of savings set against it. My husband is a higher rate taxpayer and so the benefits of having our savings effectively sitting at a much higher rate have been…
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Outstanding balance for re-mortgage
My 5 year fixed deal is due to end on the 30th June. Therefore I’m looking to re-mortgage on the 1st July with another lender. I’ve been in contact with my current lender (Nationwide) to ask them what my outstanding balance will be on the 1st July, and thus what balance I should give the new lender. They responded with a…
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Mis-sold a mortgage product
Hi All, Looking for some advice on where to go after being mis-sold a product. We have been with RBS for 8 years, the last 6 have been on a standard variable as it suited us. We reserved a new build plot back in October 2015 - then rang RBS in January 2016 for mortgage advice as we were not fixed and would be buying a new…
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New DMP and renewing of mortgage
Hi all, Will try to be concise, just looking for some advice.. Current repayment mortgage with Halifax (£128k left over 32 years) has just come to the end of the intro rate and moved to the standard rate. I'd like to remortgage and pull out some money (£10k) to repay a family member for money loaned to do up the house…
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Northern Ireland mortgage
Here's the deal .. Current mortgage 19 months clear Payments several late payments before that around 25k equity Two defaults from 5 years ago virgin media both satisfied under 100 quid Store card several 1s on credit file max 3 1s as past 15 months Credit card status 2 8 months ago totally clear before and after All other…
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Mortgage amount granted and LTV?
My partner and I have a combined income of £115k pa. We have good credit histories. We have no loans and our credit card limits are high with <25% current utilisation. We have no dependents, limited outgoings and no financial constraints (eg cars). According to the very rough approximation of 4x our salary, this translates…
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Tax Credits & Childcare Query
I've played about with the Nationwide calculator, (as they take tax credits and child maintenance as income). I get 70% of my childcare via Tax Credits, so at the moment my childcare income from tax credits is £162 p/m and I pay £232. At this point the calculator says I can borrow what I need, now when I change it to £0 in…
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Is Previous Movement the same as subsidence?
The questions in the title :) I'm looking at insurance quotes and i`m not 100% sure on what I need to answer in the subsidence box. Thanks
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Broker says we don't need to tell our lender about non-cash incentives
Hello, We're currently in the process of having our valuation done on a new build by our lender. We've had the kitchen thrown in for free but there are no financial incentives such as stamp duty etc. We've queried our broker asking whether these non-cash incentives need to be declared to our lender in case it affects the…
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Virgin and house insurance
Hi all, Quick question. I cant seem to find anything in my mortgage offer on this...do Virgin require you to list them as an interested party when buying insurance? Thanks S
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Adverse Credit Mortgage broker reccomendations?
Hi, Im looking for any reccomendations on a broker for a residential mortgage, only issue is that they have to be able to deal with and probably specialise in adverse credit history and self employed income. We dont have any defaults or CCJs etc and a good LTV of circa 60%, but are having issues with high street lenders…
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Northern Ireland adverse mortgage
Here's the deal .. Current mortgage 19 months clear Payments several late payments before that around 25k equity Two defaults from 5 years ago virgin media both satisfied under 100 quid Store card several 1s on credit file max 3 1s as past 15 months Credit card status 2 8 months ago totally clear before and after All other…
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Underwriters reduce affordability
Can anyone shed some light. Got Agreement in Principle from Natwest. Joint mortgage. Girlfriend credit score not amazing due to moving a few times in the last few years and not on electoral register. Underwriter has reduced amount based on this and also said that some of her old addresses had unpaid debts. These are not…
