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Mortgage affordability
HI all, It has been a while since I had a mortgage, and things have changed a bit. Back then (2003) me and my then fianc!e had around 4-5 times our annual wage as a mortgage offer. Things are now different in 2016 and a lot more is taking into account. My current fianc!e and I earn over £60k between us (over £70k if our…
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FTB: So annoyed - Life! Problems!
Hi all, i am planning to purchase my first home next year, as a sole applicant; i have always had a salary of around £32k. However, due to relocation and not many jobs around at all, i have accepted a new job on £27k!!!!!! There's no negotiation on pay either (i have tried!) Will this income be detrimental when buying my…
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Remortgage advice
Hello - I wonder if anyone can offer advice here. I'm looking to remortgage due to my current deal with the provider is coming to the end of its term. During the current term my husband gave up work due to illness. I have a good credit score and my salary will cover the cost of the mortgage and bills etc. My question is…
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Advice on getting a mortgage as limited company director
Hi everyone... a lot of helpful people here lending their time and expertise for free. Any assistance with my situation would be gratefully received. I'm self-employed as the sole director of a limited company with records for almost 3 years and I'm getting a mortgage with my brother. We're booked in for a mortgage…
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Paying mortgage up by credit card?
Hi guys! My name is Marcin 3 years ago I took mortgage in one of the UK banks, my current interests rate is 3.09 %. Couple days ago I saw an offer on hotdealsuk about Virgin's credit card with interests 0,63% pa (!!!) It seems to good to be true, is it possible that interests rate on credit card is cheaper than mortgage? I…
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Right to buy morgage
i am 58 and need to buy my council propery, I will receive a near £80,000 discount and have my son and wife living at home. Firstly can I get a morgage at my age and can we get a joint morgage between the 3 of us? No cash savings as I have been paying it into a works pension for years, what are our options?
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EU nationals mortgages
Hi, does anyone know what will happen in the case of those EU nationals looking for mortgages at the moment - are they likely to be turned down because of Brexit? Or with those with existing mortgages - at time of rate renewal or remortgage or move to new property? Any recent guidance from lenders? Thank you.
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Remortgage Question
Hi all, I am after some advice regarding a remortgage. Bit of a long, slightly complicated post so apologies in advance! First some background... We have a 28 years left on a 30 year mortgage. To purchase our house we borrowed 25% from parents who remortgaged their second home. We are paying their remortgage back at the…
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Woolwich supplementary conditions confusion.
Hello First time posting and a first time buyer looking for some advice, Me and my partner are in the process of buying our first property, we have just received our mortgage offer from woolwich, but the offer has supplementary conditions, You must repay the following commitments in full within 30 days of mortgage…
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Rough time to offer?
Been on an epic journey with Santander, and it's just taken forever, first case - broker error on evidence, but we had two credit searches because first failed on affordability(?) then we added my wife's wage on and it went through.... The first took forever to get things in due to requests etc. So we then were reapplied…
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Changing property will affect credit score?
Hi forum, I have put an offer in on the property and since they, they did a survey on it and sent me the very final paperwork (mortgage offer) to sign. I have NOT signed it yet. Since then another much nicer property has just come on the market and I would like to now change my mortgage to this other property. So…
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HSBC 2.79% 10 year fix
I’m currently on a variable rate mortgage with Nationwide which is 2% above BoE rate. So right now I’m paying 2.5%. There’s around 89k outsanding and 15 years to go costing me about £600 per month. I see that HSBC are offering a 2.79% fixed rate for 10 years with no arrangement fee and am tempted by it. I know my costs…
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Mortgage Cover Letter
I have a mortgage in principle and now completing the final application after our offer on a property was accepted. Should I write a cover letter to support my application to explain the following points: 1. My income gets paid into different accounts as i have one for bills and the other for miscellaneous. 2. I recently…
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NRAM & Whistletree fiasco
My mortgage was with Northern Rock for 10 years on a fixed rate, which came to an end just over a year ago. Despite having always paid on time, somehow the mortgage ended up in the NRAM half of things. We are currently in the process of moving house and have a mortgage application in with NatWest. We are hoping to hear…
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HELP! Remortgage
So i am going to remortgage once my 2 year fixed payment are up i borrowed £113,000 for 35 years through a broker due to been self employed and the bank not willing to lend hence the high interest, if i stay with this mortgage lender i will pay back £239,000 over the 35 years (i no ridiculous) that is why i will remortgage…
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How to to research a good Mortgage Broker
Hi, Just after some advice, looking to get a mortgage and via reading up it seems a broker is the way forward but how would you find a good mortgage broker? Is it just a case of ringing brokers up and see who comes up with the best rate. Or is there away of researching. Thanks
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Remortgage with bad credit
Hi, I'm looking for some advice regarding remortgaging my house. Basically I bought my house in 2009 when I was single but now I'm married , just had a baby and we are looking to buy a house together . There is equity in this house and we want to keep it on under a buy to let mortgage and rent it out . However before I met…
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Applying for a mortgage after detaults
Hi all, I will be looking to apply for a mortgage with my wife (will be married by the time we apply). I have a history of poor credit due to circumstances not fully in my control, but never the less, I cannot be held blameless. The defaults for my poor credit drop off my file in a few months. I will be saving as much as…
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Want to remortgage to buy out my partner
Just drawing on your knowledge to see if Im going to be wasting my time. I would like to remortgage into my sole name for debt consolidation and buying out ex husband. I have two dependants age 14 & 11. Property value £145000 Current Mortgage £26000 Would like to remortgage for £75000 The sticking point is my salary of…
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Remortgage and solicitors
We've had our remortgage agreed with HSBC (offered and accepted on 2nd July) - it's now 'with the team that process the next stage who will be in touch soon with an update' and has been for 10 days. We've asked what the next stage is and have been told that they are working on it. Just wondering if for a remortgage (same…
