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Halifax mortgage application whilst on company sick pay
Hi We are currently going through an application with Halifax, had our AIP and have reserved a new build plot. For the past few months I have been on and off work due to pregnancy issues. This means on my last 3 wage slips it shows a level if company sick pay. I have been on full pay the whole time but now Halifax have…
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Do mortgage lenders care how long ago a default was settled?
Does anybody know if banks care how long ago a default was settled, or is it just the date of the original default that matters?
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Mortgage offer extension
The mortgage offer for a house we are buying runs out at the end of August but there is an issue with a plan that may need a few weeks to resolve. Would the Mortgage company extend the offer period or will we have to reapply for the mortgage again once the date has expired.
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Valuation for additional lending
We bought this house 12 months ago and paid £270k (full asking price). We've had it valued today by a different estate agent who thinks he'd get £310-315 for it, after marketing it at 325. Now we are sure we got a bargain when we bought but still, it's a massive increase in 12 months, isn't it? Anyway, we'd like to borrow…
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If I put money into Nationwide mortgage as an overpayment can I get it back?
We have a longstanding Nationwide mortagage on their BMR. It has the facility to "overpay" without penalty. I have been given a lump sum by my parents to pay termly fees. So I need to draw down on the money three times per year. If I put it into my mortgage a/c and carry on paying the "normal" monthly mortgage payment then…
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Changing deal with same lender post bankruptcy (joint mortgage)
I hope someone can give me some advice! I was made bankrupt in 2014 as a result of debts from a business partnership I had left in 2010. I was discharged just over a year ago. My husband paid my beneficial interest in the house (ie half of the equity) so we got to keep the house, and he kept on paying the mortgage. The…
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Sorry! Another anxious mortgage approval post
Hi All, First and foremost, I just want to say sorry that this is another anxious mortgage approval thread but I am going out of my mind waiting to see how I get on. So going back 2 years I met the girl of my dreams, she is amazing! She is driven, funny and everything I wanted. It started off casual, as they do, with no…
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Should we wait?
Long story :) My fianc! and I viewed a new build last year after obtaining an agreement in principle with Halifax. We both had pretty shady credit reports and the aip was looking for 15% deposit (which we couldn't afford) the builders offered a help to buy scheme which could have helped but we didn't pass the checks Fast…
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Mortgage Advice & Other Questions
Hi everyone, Me and my partner are around 6 months - 1year away from being in position (to hopefully) buy our own home. We are on a mission right now to get everything lined up so when we ready to pull the trigger everything is in place. The problem is we just aren't sure exactly what size deposit will we need and also…
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My Mortgage - Rates
Morning I've just completed (move today:T) and now have 5 years fixed at 2.75 % with Natwest. Now I read here: https://www.google.co.uk/amp/s/amp.theguardian.com/business/2016/jul/25/natwest-paves-way-for-introduction-of-negative-interest-rates?client=safari# Rates have dropped to 1% and possibly .25% so it seems to me…
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10 year fixed mortgage problem
Hi I'm here for advise as I'm getting conflicting results/answers. Here's my dilemma. We entered into a 10yr fixed mortgage 2 years ago at 3.89% loan of £204k (now £193k) monthly payment £917 but we have always paid £1100, mortgage based over 33 yrs but with overpayments effectively 23yrs, but affords us the opportunity to…
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should I overpay to clear endowement?
Hi I am 53 and I currently have a mortgage with £80k left to pay. 35k of this is interest only. Current interest rate 1.6%. I have 13 years left to pay. Endowment has payed £21 k only due to shortfall.Some of this we have spent on home improvement and some I would like to retain to help children with deposits for their own…
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Mortgage - short term work contracts?
Hi, My boyfriend works in TV, he was employed permanently but has recently gone freelance. His current job and properly for his next one at least he will be employed on a short term contract (months) and will pay PAYE. In this case would a mortgage provider need to see 2 years worth of work? Similar to if he was self…
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Grateful for some advice
Hi all We have a 2 bed flat in East London and are considering looking for a house instead. Prices have fallen in our area since the stamp duty rise, but my income has increased. We have had conflicting advice from Estate Agents, Financial Advisors etc. It would be great to get people's thoughts on whether now might be an…
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Do I / Dont I apply... Mortgage
So to cut a long story short I am 28 looking to apply for a first time buyers mortgage. I have had a sketchy past with my credit history. A CCJ which is 62 months old and 2 old defaulted acounts. However since then no problems. My score with noddle is 3/5 and experian is poor 610. We are looking at properties around 170k…
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Old legal documents
Hello, I have acquired around 100/150 old legal documents dating from early 1800's to early 1900's. They include mortgage documents as well as wills, deeds etc. I was wondering if anyone on here knew of any places that would be interested in buying these documents? Any help is appreciated - many thanks.
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Savings v Mortgage
Hi folks, A dumb question, and hopefully one that hasn't been asked too many times before! I know as a general rule of thumb, if a savings account rate is higher than a mortgage rate then you should stash it in your savings. Does this same rule apply though when taking out a new mortgage? E.g., my regular savings account…
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1st Mortgage Payment
Hi If I complete on the 28th of August and I've set the 1st as my direct debit date, when will my first payment be? It's with Santander. Will it be the 1st October and just be a slightly bigger than normal payment? ie for September and the last few days of August?
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Living with Parents but buy a house 275 miles away
Hi, Ive currently found a property i like to make an offer on and have done an agreement in principle and can afford it with a 20% deposit. However, the property is 275 miles away from my parents and full time permament job. I still want to live with parents during the week Monday to Friday for work, but live at weekends…
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Mortgage Quota?
Can anyone let the cat out of the bag and suggest that as well as the FCA and internal criteria banks operate with regards affordability, etc., is there some secret order handed down from head office to say that a particular branch can only lend a certain amount/number of mortgages/loans within a period, say a calendar…
