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Heavy footprint after mortgage application
Hi , Recently applied for a mortgage through TSB and they carried out their credit check on the same day the application went in. It reads on my experien report that they carried out six searches , P1, P2 and so on... One of the searches was labelled an 'unregistered enquiry ' with a term of 36 months at £217 per month.…
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Mortgage redemption advice please
We moved out of our house back in April. I thought I would have an early redemption charge to pay so when my solicitor sent me the figure I questioned it and asked when I would have to pay the ERC. She said it wasn't on the statement so I assumeed it was because I was staying with Nationwide. She did know that I wasn't…
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Mortgage lenders for property with covenant
I have found a house I would like to buy with a covenant attached(living and working in local area for last three years) which I qualify. My bank (HSBC) will lend enough money but not for a house with a covenant. So, can anyone recommend a mortgage lender who are more agreeable to lend for property with covenant…
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getting a mortgage when your income is from an insurance policy?
Hi there. I’ve just turned 50 and I’ve been disabled for 5 years with mobility problems. I’m currently in a wheelchair and more or less housebound. I desperately need to move from my current house into a wheelchair-friendly bungalow- preferably one I can future-proof for when I get older without having to relocate again.…
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mortgage advice, large deposit and mortgage free equity available, help?
Hey everyone, just posting a quick question that some of the mortgage advisor types on here could enlighten me a little. background info[u/] Me and my wife are currently looking at moving house the price range in the area we are looking at is £100,000 to 170,000. we need to move ideally before jan 2017 (baby on the way). *…
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Changing to interest only
Hi everyone My ex partner and I broke up several years ago but we own a house together which is currently for sale. She moved out shortly after we broke up and has never contributed to the mortgage. I lived there until a few months ago when I moved out on the expectation of a sale which subsequently didn't happen and my ex…
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Cash incentives from buying the property...
Hi, My application is being processed by TSB and today they've asked for a cml form (???) to determine if I'm receiving any cash incentives from purchasing the property. It's a new build and in the process of being built. Is this normal ?
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First Time Buyer Mortgage Advice - Springboard vs. 5% deposit...
Hi, I’m looking to buy my first home and am looking for some advice (please!). My situation is that I previously ran up debt but paid a lot off myself then my parents paid off the final £10k. I would like to repay it but don’t have to if I can’t. I now have around £16k in the bank and am now looking at a FTB mortgage for a…
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Mortgage and defaults!
Hi, Hope someone can help me. Me and my partner are looking at the possibility of getting a mortgage in the next 3 or 4 years. We had a very bad time last year and as a result have defaulted on a lot of debts such as payday loans and mobile phones. The total is around 20 defaults between us and around £20,000. (We were in…
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Sell house, clear debt with some of the equity, buy new house.
Hi All, I'm looking for some advice and I am going to try and be as descriptive as possible. My recently married wife and I are looking for a fresh start so the general idea is - 1. Look at brand new house (Strata). 2. Sell House. £185,000 on the market now. 3. Clear ALL current debt. 4. Mortgage Application with Strata…
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Paying into someone else's mortgage
Hi, I just wanted to ask whether it is legal to pay into someone else's mortgage directly or whether you have to give the money to the person in question for them to do it. I'd like to be able to tip a bit of money into family mortgages from time to time and be sure that money ended up there. The easiest way is to pay…
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Two mortgage help
Hi I'm currently remortgaging my own property 175k with 145k outstanding. think I have a good rate with natwest at 2.2. The problem lies with my mums property that is worth around 105k with only 37k outstanding. Due to her being self employed not earning enough by herself and getting on in years she is struggling to get a…
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Going forward with the valuation ...
If the lender goes forward with the valuation , does this indicate they are happy with the credit checks , affordability etc? Thanks in advance .
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Remortgage with Santander
Hi there, We are currently with Santander and due to remortgage for the first time, we are looking to stay with them and move onto a five year fixed. What information is usually required to remortgage I.e are you required to submit bank statements, p60's etc like a new application or is it fairly straight forward if you…
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FTB Mortgage Choices
Hello - MSE newbie here. I am a potential first time buyer and would really appreciate some advice from the community. I've spent my 20's and a lot of my 30's paying London landlords thousands in rent but happily I've progressed in my career to a stage where I can save a decent amount each month. I have £20k saved and some…
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HTB Mortgage
Hi all, I have a meeting with my MA next week but looking for some advice beforehand. Is there any hope of getting approved for help to buy?? My partner has perfect credit history mine is perfect apart from a ccj from 2012 for £155 ( satisfied ). Affordability no concern. I've heard that htb only accept perfect…
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Mortgage Advice
Help or advice please. I am 67 ànd my wife 65 we still have about £87000 left on our mortgage which we have never defaulted on it having been told there is no chance of equity release our property worth in excess of £180,000 which we understand would never be enough to clear the existing balance. Our mortgage payment is…
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Mortgage offer conditions
Hi there, I have a mortgage offer from the halifax and have already exchanged contracts in July. It is a new build and due to complete in october. We have bought with help to buy. On the `special conditions` it says you have declared an intention to repay some or all of your credit commitments before completion(it totals…
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mortgage questions... FTB
Hi all, potential first time buyer here. been offered the opportunity to buy my first home from someone I know. property is valued @ 69k. having spoken with them, I could get it for around 59k. Now when I look at mortgages, it asks you to enter property value, and loan amount, thus generating your LTV. Now I know usually…
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Gift deposit from partner through loan
Hi, I am currently looking at Share to Buy properties in my name only as my partner of 13 years is named in a property overseas and is not eligible in the scheme. As we are not married and it would be only me named on the mortgage, would it be possible for him to take out a loan of 10k in his name and gift this to me so I…
