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Returned direct debit. How will this affect mortgage application
Hi, I am just about to apply for a mortgage with my wife and stupidly I did not have enough money in account for Vodafone payment and the direct debit was returned I don't always have access to my phone in work and by time I saw text to say I was over limit, it was to late. I payed the next day but they tried to take it…
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AIP Rejected with Halifax
Hi guys, Trying to get a mortgage through Halifax using a broker. It came back rejected on the AIP but both our credit checks are fine. The broker thinks the issue is quite complex and involves our cars; we are both self employed and our car payments come out of each of our business accounts BEFORE we post end of year…
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Is the mortgage company asking for more information good?
Hi all just looking for a bit of advice or maybe reassurance! My husband and I are applying for a mortgage with HSBC, through London and Country. It has been frustratingly slow so far: 31st March - application submitted 7th April - credit checks done and requested documents (payslips etc.) sent 21st April - HSBC query a…
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Spelling Mistake on Mortgage Offer
Hi everyone, Being a stressed out FTB (and notorious worrier) I have just noticed that my middle name is spelled incorrectly on our mortgage offer. I have asked the broker to request it is amended but after having a search on the forums it looks like this leads to the application basically being assessed from scratch. Just…
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Mortgage broker part time
Hi all, I'm after some much needed advice and thank you in advance for any constructive responses. I am a 47 year old certified chartered accountant and I earn a decent salary. I am considering doing my Cemap exams as I am considering a slight change of direction in my career. Here is the plan: Pass Cemap exams Get CAS…
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Lenders for houses with land
Hello I have heard that some lenders will not consider houses which have quite a bit of land attached to them. I currently have a small amount of land - around 2/3 acre, and would like to buy a house with more land - say 5 acres plus. My current lender is Natwest. I am tied in to a fixed rate deal until 2017. However, I am…
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Remortgage Confusion
Afternoon all, It's been a while since I posted on here but everyone was so helpful when I was a FTB three years ago so I'm hoping you can help me to de-murk my mortgage waters at the moment. Our three year fix with Lloyds is up at the end of May. Obviously I'm aware that greater affordability checks have been introduced…
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Stamp Duty on Second Properties
I've asked this question before on here but had a new though on my situation and wouldn't if anyone had an opinion on my thoughts. Basically my living situation over the past few years have been as follows; 1. Bought a property tenants in common with 4 friends. (Still own and rent out) lived there four years, selling (or…
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Porting question
Hi - a quick (and probably boring, sorry) question about porting a mortgage I'm moving house and porting my mortgage across with Santader. The process has been remarkably easy so far, which was a pleasant surprise, and I have just had the mortgage offer through. The offer is for £480k (the remaining balance on my old flat…
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Mortgage - short term fixed vs longer term with over payment
Hi there I wonder if someone can help me with a question we have re our mortgage. We will be re-mortgaging our property later this year and want to repay it as quick as possible. Is it better to take a shorter term mortgage with fixed payments we know we can afford, or take a longer term with lower monthly payments but…
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Halifax possible audit?
Hi all just a quick question. Been reading a lot on here about Halifax pulling mortgage applications for audit. We've just sent our signed mortgage deed back to the solicitor. We really had no problem getting our mortgage offer (30% deposit) despite some minor adverse credit (one small default 3.5 years ago). We supplied…
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HSBC mortgage
Just wondering if anyone has recently had a similar mortgage with HSBC and can confirm what fees they charge? I have the mortgage meeting tomorrow but I'm impatient so would like to know! Fixed rate, 5 years. Fees appear to be £263 valuation fee, £749 arrangement fee, £30 completion fee. Anything else?
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Paid off mortgage, but now need money
Hi - a year or so ago my partner and I were in a position to pay off our mortgage early. However we unfortunately find ourself in need of money. My question is, am I able to take out a mortgage against a property that is already ours or would I be looking at a regular type of loan/bank loan? I've come across terms such as…
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BTL mortgage with family member tenant on housing benefit
Evening all, hope you're well :beer: I'm looking into the possibility of getting a Buy-to-Let mortgage to purchase a flat. I would then like to let the flat to my brother, who is currently receiving housing benefit. I've read that the rental income in most cases will need to be greater than 125% of the mortgage payments.…
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Mortgage company recommendations - non permanent contract
Hi there, My husband and I are likely to put in an offer for a house, so naturally I am considering mortgages at the moment. In theory it should be nice and straight forward... Details as follows... Property: £335k Costs: Approx £15k If we sell our house at the expected cost we should have £310k in the bank. I would still…
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First Time Buyer With Low LTV - Best Rates
My wife and I are looking to buy our first property. We have a £165,000 deposit and an Agreement In Principle for £85,000 from Barclays. We will consider purchasing a house up to £250,000. There are two, 2 year tracker mortgages Barclays offer which are of interest to me. 1 - The first has a £999 fee, BBBR + 0.93% for 2…
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TSB bank - which credit agency do they use for mortgage?
which credit agency do they use for mortgage?
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Mortgage offer confirmed - What insurances do I need?
Mortgage offer received today 😊 solicitor has started on searches and has already been in correspondence with builders solicitor so things are moving pretty quickly. My broker does not charge me a fee but say all she asks is we take our insurances out with her. Which insurances will this be? I know I will most likely pay a…
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discrimination being Disabled
I have been disabled for many yrs.i applied for a mortgage 11 yrs ago.i was in formed that people like my self on benefits has to have an interest only.last yri was informed by the DSS,that i would have to put money towards my mortgage.i recently putthe property on the market,as its not suitable.that was when i found…
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Help to Buy mortgage - Fixed 2yr or 5yr? Been stung?
Hi all, I have been advised by one broker that I should take a 5yr fixed rate as after the two years there are only 3 organisations that will offer a remortgage and their rates are understandably bad due to lack of competition. The other broker said that just simply was not true at all! So my question, has anyone here had…
