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First time mortgage advice
I'm looking to apply for my first mortgage towards the end of this year, and am trying to get my finances in order as well as saving for a deposit. My main concern is that I still have a fair balance on my credit cards, but am trying to bring them down as quickly as I can. Will I still be considered for a mortgage with…
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Mortgage application advice: credit card/ gambling
Hi all, Just after some very quick advice if that's ok. I'm currently in the process of buying a New Build apartment on my own. Passed the credit check, got a Mortgage agreed in principal etc. all good! Next week i see the mortgage adviser...now i currently have a Credit Card that i have used to gamble with recently. Not…
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Mortgage offer
Hi all, Had valuation done and received firm offer to me and solicitor. Now while later they asking for more documents ? Why?
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Confused Over Help to Buy (Not ISA)
I'm a bit confused over the Help to Buy scheme from the government. If I'm buying an old house and put up 5% deposit, does the government put up another 5%, this making the 10%? I guess this doesn't work with the help to buy ISA? Thanks
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Moving House - overstretching ourselves?
Hi all My first post on here so please be gentle! I have been watching the forums for a little while now and would like some advice on our position. I have a mortgage call scheduled for a couple of weeks but wanted to check people's thoughts on here. In summary we are looking at moving house to a larger place and in turn…
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What type of Mortgage?
My husband owns half a house with his brother, which was inherited after their father died. The deeds are in both their names and now we want to buy his brother out. The house has been valued at £70k and we want a mortgage for £35k. There is no mortgage on the house so when we are filling in applications will this be for a…
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Additional Borrowing - Home Improvement
Hi, We are currently in the process of extending our home and have applied for additional borrowing through our current Mortgage Lender (Natwest). The application went well and it is with the underwriters at the minute, awaiting some documents and a survey. One thing that they have asked for is some of the builders quotes…
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10% ERC really?
Hello I've just been looking at remortgaging after noticing a significant potential saving. Currently paying £620.60 a month on a 3.69% fixed for 5 year (from August 2013) deal. The house value has risen (£160,000 up from £140,000) so my LTV on the remaining £115,000 I have left is under 75% meaning I can get new 5 year…
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Move House to clear DMP
Just looking for some honest advice, sick of our DMP, approx 15 years remaining so the plan is to sell our house, clear debt and start afresh, obviously we would prefer to move into our own home again rather than rent so what I'm asking is what are the chances? Once sold we would have a deposit of approx £180-200K and…
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Should I buy out and buy in?
Hi Everyone I took out a mortgage in November 2014 with a 5% deposit and locked in for 4 years at a rate of 5.89% I have a mortgage for 230,000 and pay 1521.00 a month and have 22 years left Early repayment charge is 7k I could then buy back in at a rate of 1.99% (As price of house has gone up) paying same 1521.00 and…
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Applying for credit after mortgage offer received
A bit of a general question here - I've just received my mortgage offer for the property I'm looking to buy. To set the scene, I have a personal loan and a car finance loan currently outstanding and if I combine the two via a new loan from my current bank I can almost halve the monthly payments as the interest rate I…
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Help please!
Hello, My husband and I have sold our house STC and have seen a house that we should easily be able to afford and are very interested in, but we are not able to at the moment due to job complications, namely: -I am in an acting up role and my pay packet shows the additional salary as 'additional duties' and we have…
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Question about % rate
Hi everyone If we have been offered 4% interest rate on our mortgage, does it mean that it's a higher rate then normal ? as also why our broker didn't go through high street bank? is he seeing more possibility to get our mortgage approved by building society with higher rate? as he seems to be pretty much confident that we…
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Proof of Deposit Savings
I'm saving with my partner for a deposit for our first home & we are each planning to open Help to Buy ISAs with what we have saved so far. We've both been gifted sums of money from family, for Christmas & Birthdays. Mine have mostly been directly into my account as my family live quite far away, but my partner has kept…
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Rejected mortgage at underwriting...what to do next?
Hi, As a first time buyer, I applied to %95 ltv mortgage through a highly recommended broker. We got DIP from Halifax and then I found a property, my offer was accepted. I also have been a diligent experian member for the last couple of year and achieved top score in my report. As we did the application, it was rejected by…
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Buying parents house
My parents have been looking into equity release on their house. I think it's a big mistake so have offered them to buy there house from them for them to live in rent free. The house was valued at 75k and they will accept 30k from me. Can I get a 40k mortgage using the ltv as deposit?
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How do we fund this?!
Long time lurker, first time poster, so be gentle with me ;) Our main home is mortgage free. We have a second home with a small mortgage (approx. 1 year left to go) which we don't rent out. We'd like to sell this but don't think it will go quickly. We have seen another house which we'd like to buy to use as a 'replacement'…
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Mortgage Troubles - Joint
Hello Everyone, Bit of background... A couple of years ago I bought a flat with my ex, with a joint mortgage. We split up earlier this year. I do not earn enough to get the mortgage transferred to me, but at the same time I do not want to be paying the mortgage for a property that is not 100% mine. I have paid the entire…
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New build mortgage rejection
Hi there, I'm hoping someone can explain our mortgage rejection as our advisor seems as baffled as us. We are first time buyers and have reserved a new build. Went to see an advisor and issued a decision in principle from preferred building society without any problems. Provided all paper work including proof of deposit.…
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Mortgage in mid fifties
I am 55. Partner 50. Total salary 73k. Currently pay 650 per month rent. Is it possible to get a mortgage at our age?
