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Mortgage offer has been issued but broker asking for more information
So apparently the mortgage offer has been issued with The lender but now the broker has said my case has been submitted to compliance and they want my last 3 months bank statements for all my saving and current accounts as well as audit trail for my proof of deposit which was sale of property. It's all legit but can the…
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How important is it to speak to different banks for mortgage offers?
We are looking at taking out our first mortgage. We've spoken to Halifax so far who have given us a proposed mortgage offer. But is it important to shop around to get potentially better interest rates or whatever else..??
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barclays mortgage valuation
Hello i have just a quick question im a first time buyer and i have applied for a mortgage with barclays through a broker, I have just recvived a text saying that a valuation has been instructed by barclays does that mean they have done all credit checks and i've passed or is it standard to to valuation first?
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New house regret/ advice
Hi all, first ever post and just looking for some advice. I'm 24 and have just bought my first property. I paid 82500, with a deposit of 5%. I'm in a 2 year fixed rate (3.99) with Santander. My issue is that I know I've made a mistake purchasing the house. I'm now a month and a half in and don't feel like I'll ever feel…
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95% Mortgage with a Default - Advice Needed!
Hi, My partner, Chris and I are trying to buy a house in Bristol. We've used 3 different mortgage brokers so far, but now it seems they have all realised his bad credit is more serious than previously thought. We have only 5% deposit, and Chris has a default on his credit file, for less than £1000 credit card debt, over 2…
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Mortgages and lump sum overpayments
Planning to remortgage with current lender and take extra borrowing. Only problem is the minimum extra borrowing they will add is £10K and I only want £7K. I'd rather not just leave the extra £3K on my mortgage and pay lots of interest on it. I note that I'm allowed to overpay 10% a year though. OK, so I start the new…
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A few questions around mortgages
Hello, I have spent some time online trying to research my situation but haven't had much luck, hoping someone can shed some light on here. I currently have a mortgage solely in my name which is in a fixed term plan. My partner and I currently live in my property along with my parents, both of us have been saving up so we…
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Credit searches
The question is that we have applied for two lenders and one is showing in our credit file as a search with "bad impact on score" and another one "with no impact" on score, but they both still show. what does that mean?
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Credit history
Hi there We are waiting for a full mortgage application to be agreed. It's a nightmare honestly to wait....trying to find "the reasons" why it can be rejected. We have been rejected once last year due to "unplanned overdraft" on my husbands account and I presume that lender have seen them on his bank account statement.…
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Which bank are lending to foreigners?
Hello all I previously posted about Our difficulty getting a mortgage. The housing association broker told us they it was mainly Due to a previous default. but my bank TSB is fine to lend us the money as long that we have the 15% deposit and it's mainly due to my husband nationality. I'm a French citizen and he's non-EEA…
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Expat....expat mortgage from jersey....tax
İ am exploring the possibility of taking a BTL mortgage with a Jersey/guernsey based bank and wonder about the tax situation ...are they classed as uk connected and the interest be tax deductable on rental income for a uk home..Skipton İntl is the bank subsiduary.....they wont advise on tax issues!
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Full mortgage application then realised I have a student loan...
Hi all, I have applied for a joint mortgage with my partner using his income only (we have already had a DIP from TSB). After submitting the full mortgage application via an IFA, I then realise that I still have an outstanding student loan with a balance of approx £ 8k which I forgot to mention at the time! Does anyone…
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5-10yr fixed deals, good idea given current interest/BOE rate?
Hi all, Given the low interest rates around now and the fact we're in a massive trough as far as the BOE base rate is concerned I'm considering fixing my mortgage for 5 to 10 yrs. I can't see rates going any lower and surely soon the base rate will rise. 5 and 10yr rates are lower than most SVR/SMR and they are only likely…
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mortgage acceptance ??
Hi all i was looking for some advice regarding a mortgage application; myself and my partner both work in the nhs and have a combined basic income of £56000; we have a deposit of around 8k and are looking at around 95% LTV; my partner has had no issues with credit however i have been i subject to a debt relief order…
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Dad gifting me £50,000 for a mortgage?
Hi there, I don't know why I should be asking this question as I already think I know what I want to do. But I just need some other opinions. Basically, me (21) and my girlfriend (also 21) are trying to save for a house. My dad has offered to gift me £50,000 for a deposit which is great. My girlfriend doesn't really get on…
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Dip
I got a dip the other day, my broker done it with nationwide... He is really busy and doesn't have an appointment to do the full mortgage for another 2 weeks, we are buying a new build and need to exchange in 6 weeks so really wanted to apply for the full mortgage asap. Am I able to go with another broker or will it effect…
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Mortgage when moving away from job
If a couple (one employed, the other works from home) were to want to move to another part of the country (far enough away that the employed person could not commute to their current job), would any lender be prepared to lend to them based on their current incomes? I ask out of curiosity as someone I know has been told…
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0 hour contract and maternity allowance
Hi, My wife has recently returned to her part time work after 9 months on maternity allowance. She has been on a 0 hour contract for a number of years with the same firm. In so far as a lender is concerned would this maternity period class as continues employment, or likely to be considered as a new starter? To be clear…
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Mortgages, credit cards and savings
Would having a large amount of debt on credit cards affect someone's chances of a mortgage if they also had a cash reserve which exceeded the debt? For example. Want to remortgage, house valued at 220k mortgage required 120k. Salary 40k 30k of credit card debt all at 0% 70k in savings at between 3 and 5% Would the credit…
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will a mortgage offer effect my chance of getting a new mortgage?
HI, We've just pulled out of buying a property due to an unworkable contract. I have to cancel our current mortgage offer and re apply for a new mortgage when we find a new property. I'm curious, what are the chances we wouldn't be accepted the second time around with our circumstances all the same? Will the first…
