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FTB - will overdraft affect mortgage application
hi I have just received a DIP with Natwest and planning to make an offer on a house next week. I have an overdraft for £1,000 which I have used continuously out of habit as I can easily pay it off with savings(sometimes to the limit but never gone above it).After doing a bit of research (should have done this months ago -…
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Expat mortgage for Northern Ireland property
We have found a property in Northern Ireland that we would like to buy. We are living in the US & hope to move back home to NI within the next year. We are having trouble finding a mortgage lender. We have a substantial deposit (65%) and therefore only require remaining 35% mortgage loan. Has anyone in similar…
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Mortgage declined
We have recently applied to consolidate our debts into our mortgage, we have a reasonably low mortgage 70k and have a lot of equity in our house, however we have applied to borrow an extra 40k - both of us are working with good salaries so we can easily afford it but have been declined. The mortgage advisor advised us to…
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Multiple 'hard' searches from same company?
Hi, I've had an alert from Experian today saying my file has been searched - all ok, and expected. However, when I've clicked through to look at my report, my credit score has gone down, due to the amount of hard searches recorded over the last 6 months. Looking at the records, the company we're going through at the moment…
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Mortgage payment & moving?
My house is sold & have a moving date of 3rd Aug, my dilemma is that I have a mortgage payment due on the 25th of this month, if I pay it then i won't have enough deposit to put down on the rental I'm going to. I was wondering if I didn't pay the last payment would affect the sale going through? There is equity in the…
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Student loan and mortgage application
Hi, just a question regarding student loan post 98. Partner has a student loan of 20k. We worked out partner could borrow £80k so would the bank Deduct the loan from this giving a figure of £60k? How do banks work this out? Last question they only have 2 phone contracts coming out of their account but the rest is just…
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Best lenders for single parents
Hello, I wonder if anyone is/or has any advice for/ single parents trying to secure a mortgage? My husband left me a couple of months ago and I am quite happily paying our joint mortgage on my own and really want to stay in my home to secure some stability for my son. I failed the affordability check with my current lender…
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Moving house - Virgin Mortgages
Hi all, Anyone else with Virgin Mortgages? What is the general process for wanting to sell where we are and buy a bigger home, so we will need additional borrowing? I am concerned that my own credit history will not be in as good a shape as it was so i am concerned about applying etc. Do they go through the exact same…
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Older Persons Mortgage
Hi, We need to obtain a mortgage of £50,000 preferably to be paid over 5 years,(main mortgage is paid off) husband is a 67 year old fit strong working 60 hours a week man, I am 57 doing the same in our own business. Have our own home, life insurance etc etc. Can anyone help please ?
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Are you credit checked switching to a new mortgage deal with the same lender?
Coming up to the end of my fixed deal with halifax and want to switch to a new deal. I stand to save £150 a month. I'm coming to the end of maternity leave too though and worried about passing a credit check/affordability check. Do they even do them for existing customers? Thanks
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Future Mortgage/Address History - Confused!
I've always had my bank (current) accounts addressed at my mum's house, but for the last 8 years, I have lived in rented accommodation. A couple of times I applied for credit cards, listing all my rented accommodation history, but they failed the credit check. A few months back I took a different approach - only mentioned…
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Mortgage application & childcare costs
Hi, my son is going into full time school in September, so my childcare costs will be £80 per month instead of £232 happy days. When applying for a mortgage in August (I am not paying anything that month as he's at families for the 6 weeks) should I put the £80 or the £232 as all my bank statements will show the higher…
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Mortgage on Home we bought outright
11 months ago my partner and I bought a house in a very run down condition. Due to it's state we didn't feel we would be able to get a mortgage on it so my partners mother kindly took a year long interest only loan out which allowed us to buy the house outright. (It is in our name not hers and we have a loan agreement with…
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Second property with 1 mortgage
Hi everyone, We are looking to buy a second property (conversation project). As it's not residential at the moment or even habitable we've been told it would be best to remortgage our current property. We only have 35k left to pay off on our current mortgage and have that amount in savings so could potentially pay it off…
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Salary sacrifice car
Hi Going through a mortgage application and just wondering what to do about a salary sacrifice car? I've heard conflicting stories from putting it through as a loan to just changing the salary to the reduced amount (22k instead of 26k). Is anybody aware of what to do? Thanks
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Moving home and Porting Mortgage
Hi We originally took out a 60% LTV deal and want to port the mortgage to a new home. I need to borrow more to cover the cost but unsure if it will also be at 60% or if it will be at 70% as that is what it would work out as if we were to take a new deal?
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Mortgage Approval Barclays Bank?
Hi everyone, Does anyone know how long it takes to get a mortgage approved after completing the full application with Barclays? Anyone with previous experience would be grateful. Thanks
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How does switching mortgage deals work?
Hi all, new here - had a quick mortgage question which I couldn't really find the answer to anywhere online. Hoping those of you with more experience will just know off the top of your heads. When you switch to a new product with your existing mortgage lender, how does it work? Do you have to jump through the same hoops as…
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Do I really need a foreign currency mortgage..?
I have been advised that I have to apply for a Foreign Currency Mortgage due to the recent EU Mortgage Credit Directive. I work for a US company, who pay US dollars into an off shore account of mine, however, I transfer GBP Pound sterling from that account into my UK bank account, so as I see it, I don't have to have this…
