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Do Nationwide accept 100% of overtime pay?
Hi, Im looking at a Nationwide product, however around 30% of my salary is contracted call out work. Ive looked at Nationwide's lending criteria and it accepts overtime, but it doesn't state if it accepts 100% of it. If you put the figures into the affordability calculator it gives you a lower amount you can borrow if…
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TSB - 'Decision Crediting Team'
Hi All, To be up-front, I've posted on another thread about this issue, but that one seems more about people sharing their experiences as opposed to dealing with specific questions so, on that basis...:D:D...anyone been through the TSB mortgage application process? Wondered how folks' experience compares to ours? We've…
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Default settlement - what looks better?
I have a default from around 3 years ago on a debt that I am paying off each month. They have recently written to me with a partial settlement offer. I am trying to pay things off and repair my file all in an attempt to get a mortgage in the near future, so my question is, in the eyes of a lender, will a debt closed…
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Mortgage free property and wanting to take out a new mortgage
Please could someone advise if this scenario is possible. I have been having a strange discussion with my boyfriend. We live in his property that is mortgage free. We would like to move to a bigger house and get a joint mortgage. He seems to think that the fact he owns a house outright will have some positive bearing on…
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Monthly payment went up with -0.25% decrease
Hi Everyone, thought i would share my concerns with the everyone, I received a letter from the Cheltenham & Gloucester yesterday, informing me of the new rate change, yippee i thought my monthly payment will reduce and i will have some extra cash in my back pocket . however they informed me that my monthly mortagage…
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Wrong current address on formal application.
Hi I'm new to this but was looking for some advice. I have my formal mortgage application after lots of stress and waiting only to find out my partners current address is wrong! What will happen now? Will we lose the mortgage? Any help please. Thanks.
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Backdate self-employment to employed possible for 3 months?
Hello, i posted in a different sections but thought it might be better suited here. I have been working full time as a sell employed Landscaper for the last 9 months who is a good friend and happy to employ me instead of self employed. I looked into getting a mortgage but my tax return/income was not good last year due to…
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Are endowment poicies a better bet than funeral plans
I've looked at the information about funeral plans, but all have the same disdvantage - if my precarious financial position changes (ie losing the part time job that tops up my state pension) so that I can no longer pay the premiums, then I lose everything I've paid in. Do endowment policies work differently? ie, if I…
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Rebuild/reinstatement value?
Nationwide have updated my online application with a rebuild/reinstatement value, this is not the market value for mortgage purposes is it? They haven't put anything about the actual value! Another night in limbo :(
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How likely am I to get a mortgage
Hi I am wanting to apply for my first mortgage. I have two defaults from April 2012 both under 1k and settled. I have one from wonga for 250 settled in march 2015( stupidity know). My partner has one default from 19 months ago for 4k credit card and settled. I have an overdraft of 2000k and no other debts. My salary is…
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Stick or Twist
Hi. Me and OH want to move house. We currently live in a commuter town which is nearby our home city. We moved here as FTB 5 years ago as this was the best we could afford at the time. We want to move back to our home town for various reasons but being close to work and family are the two most important. Thing is the city…
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Mortgage renewal - base rate cut
Hi, I am looking to renew my mortgage with a five year fix. So far my current provider First Direct are looking the best bet. I have been holding off for a month or so with the Brexit situation and since the base rate cut to 0.25% last week I was hoping to see some further savings. So far I have seen no reduction from the…
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Mortgage is short!
I used a mortgage broker to buy a new build property. He sent us the mortgage information etc and applied for both the mortgage and help to buy loan. We are just about to complete on Friday and discover (via solicitor bill) that the mortgage is actually short by £1000!!! I know I should have picked this up earlier but that…
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Tied to high variable rate?
I'd be grateful for any help. I have been paying Derbyshire Home Loans/Mortgage Works/Nationwide 5.45% since 2010 after I got into difficulties with debt. Since then I have always paid on time and now the mortgage has reached its term. I am happy to sell up to repay and my home is on the market. I have been granted a 12…
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FTB requesting advice.
Hi all! I've been reading through the mortgages section of this forum for a few weeks and have picked up a lot of useful knowledge, so first of all, thanks for inadvertently helping me and probably many like me. I'm looking to apply for a mortgage and buy my first home in the next few months (hopefully). I thought I should…
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How likely am I to get a mortgage?
Hi everyone, If anyone with some knowledge/experience could help me with this, it would be appreciated. I earn £22k a year and am hoping to apply for a mortgage in about a year. I've just started a new job and know that the longer I've been here the easier it'll be to secure a mortgage. I know my salary isn't huge and that…
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Mortgage without warranty
Hi, My wife and I purchased our first house, a new build property, in 2009. As it was the show house it was originally completed at the end of 2007. We are now in the process of selling the house but have discovered that no 10 year building warranty is actually in place. However, attached to the paperwork passed from our…
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Max savings & mortgages after base rate cut
As historic 0.25% low signals new era of rate changes, protect YOUR money, earn up to 6% savings & check your mortgage...Read the full story: 'Max savings & mortgages after base rate cut' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Is P60 required for BTL??
Will any lenders no require a P60 for a BTL application? Been looking at Halifax, but I cant see anything relevant in their criteria.
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Urgent mortgage advice
Hi I am a director of my own Limited company and I need to sort a mortgage asap, was hoping someone could point me in the right direction. I have only been in business for 18 months so only have accounts for year 1. I currently have a mortgage with the Co-operative bank. I'm looking to move house, I have a cash buyer for…
