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Excellent credit rating but DIP declined
Hello all, My mortgage decision in principle was declined by HSBC who I have banked with for 10 years and asked for less than 4 times my basic salary and to top it I have excellent rating from all 3 credit agencies ( opened subscription account with all three) and not a single negative factor over the years with credit…
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How soon for mortgage after defaults drop off?
My defaults drop off my file in October of this year. How long should my fiancee and I wait before we look to apply for a mortgage? We would be looking for around £270000 to £300000. Both earn good money and her credit record is completely clean. Thanks.
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Selling & buying again after short period
I've had my mortgage for almost 4 years. I'm wondering if I have any options for selling up and buying another house in such a short space of time? My partner and I got a mortgage on a 2 bedroom house, we didn't anticipate how quickly we would out grow it, first getting some pets and then surprised with twins, the house…
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Checks before completion
Hey everyone, I am currently a few weeks away from completion and my employer has dropped a bombshell on us to say we might be made redundant if we are not successful in reapplying for a role. Just wanted to get some advise and stories to see if anyone who has got a mortgage. If they normally do credit checks or more…
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which results in lower interest regular over payments or lump overnpayments?
so out of regular over payments and lump one off payments yearly which would total the regular monthly result in lower interest ? from my understanding if i did monthly regular overpayments it would result in lower interest as interest is calculated daily is this logic correct ? thanks!
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is there such a thing as mortgage years? nit like the tax year//?
i can make over payments of 10% my balance each year . what is each "year" ? will it be the date of my advance? or is it jan to dec? i remember the adviser saying something amount took it out but can not remember
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overpayments is it better to reduce the term or the monthly amount?
Hello, i am currently with TSB for my mortgage. looking at overpayment options and would like to know which of these will result in less interest being paid/ What happens when you make extra mortgage payments? If you make one-off, lump sum payments, you can either: "Reduce the term of your mortgage and your monthly…
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Mortgage, Remortgage, Spaghetti
Hello, I'm trying to understand the general rules regarding remortgaging in order to renovate. My understanding is that lenders, in general, will not take in to account the likely increase in value of the property when making the various lending calculations. Is this accurate? Is there a 'special' form of borrowing…
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Mortgage advice
Will a BT telecoms default less than 3 years old be the problem in obtaining a mortgage? Both my partner and I have had 3 defaults all settled dating over 3 years ago for small amounts less than £500 in total Struggling to get a mortgage....
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Help needed with Yorkshire Building Society online mortgage application form
Hi, FTB currently halfway through Yorkshire Building Society's online mortgage application form and they've asked for the name and address of the seller. This is probably a stupid question but does this refer to the estate agent handling the sale or the person who currently owns the property?
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FTB - one spouse with adverse credit
Hello, Me and my fianc! have found the perfect home, it's offered under shared ownership with our local authority and is £174K. We have £15K in savings to put towards the deposit and all costs. I have bad credit (2 CCJS although these are old) and old defaults also. My parter has a pristine credit history having held a few…
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Selling mortaged house to buy business premises
Is it possible to sell a mortgaged house to buy a mixed use property - a shop with flats over to start a business? Thanx
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Advice on preparing for re-mortgage
Hi, I'm looking for a little mortgage advice. Our fixed deal is due for renewal at the end of September 2016. My partner and I have credit cards six active, two of which were cleared off a couple of months ago. The other four have not been used for months. I was going to close all of the accounts but I have read that it…
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lender assessing income
hello all, just a quick question really, me and my girlfriend have applied for a £103,000 loan on a house after a £6,000 deposit (using help to buy guarantee). woolwich have asked for 3 months payslips (which if calculated amount to a max borrowing of £112,000 after the 4x multiplier) but have also asked for our latest p60…
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End of my 1st fixed term mortgage - stupid question follows
Hi, approaching end of 4yr fix w Nationwide. Starting to look around for new deal. I have saved a lump sum and would like to reduce mortgage with next lender. I will be penalised by current lender for size of overpayment. Can i somehow pay off a chunk 'between' mortgages if that makes sense? Thanks
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Gifted deposits and deed of trust
Anyone had an experience with putting a deed of trust in place for a gifted deposit? It would be documented that I would received a sum after the mortgage has been paid off. I'm not on the mortgage either and the lender is Halifax Thanks
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Underwriters
Hi Guys, Was just wondering if anybody has had this scenario and generally how do you rate our chances? What advise would you give us? We have had a mortgage promise for several months whilst we've been scouting the market. We are first time buyers at 95% and are currently taking up an offer at Lloyds that covers legal/…
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Called Halifax to ask a question and they credit checked me?
Hi, I was issued a full offer by Halifax in Feb this year. I called them today to ask if paying for car insurance monthly would be a problem for them. They said its highly unlikely that it would. So I've decided I'll just pay for it in full. Rather than take the risk. Whilst about to end the call, I noticed quickly on my…
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Sole mortgage but gifted deposit from common law
Hi there My partner has applied for a mortgage in his name only I can't go on the mortgage as I have a ccj. The mortgage has been formally offered and valuetion has been completed etc etc. We don't have a mortgage on the home we currently live in but we do have a deed of trust in place when the sale goes through . The…
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Newbie here
Sorry if I am being thick cos the answer is obvious I was just wondering typically can you get a mortgage if only one person is working?
