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Can I borrow for 1 year against low-cost endowment
I'm attempting to buy house based on (low) self-employed income, maintenance and tax credits. Have found 1 bank prepared to offer mortgage. I also have a with-profits low-cost endowment which matures in 12 months and has a guaranteed additional 11k on maturity (which can be claimed only by myself). I will need to cash this…
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Santander rate cut
Has anyone received official notification from Santander detailing how the BOE rate cut will effect their monthly payment? Was under the impression it will take effect 1/9 if you qualify but we have received nothing in writing so far. thanks
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Joint mortgage or single?
Hello. Just needed some advice. I'm looking to buy a new house with my partner. I am selling my current house and should have £60k deposit from that, looking to borrow another £165k. Have spoken to L&C and on outgoings and salary etc, they think I would be offered up to £200k. All good so far. But like I said I'll be…
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Mortgage Help!!!!
I'm in need of some help and advice!!! My husband and I have just agreed a price to sell our house and have put in an offer on another property which has been accepted. We'd been to see our mortgage adviser prior to making an offer and had been told that based on our income we'd be able to borrow more than enough to…
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We have MIP, but offer has been declined
We have a mortgage in principle with Lloyd's, and made an offer with it, but it has been declined. It is not enough to up our offer. Would it work against us to shop around for a new MIP, and to hopefully get more? Using the how much can I borrow, the amount is on the low side. I know a soft check can stop on your records…
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Mortgage application advice
Looking at applying for a mortgage in October, had 7000 of existing debt, loan credit card and sofa, which I have just paid off in full prior to applying for a mortgage in October. So my existing commitments are zero now- I have a wage of 35000 per year- My concern is I have 2 defaults on my credit file, both drop off in…
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small (ish) mortgage with a poor credit file
I wonder if anyone has any recent experience who may be able to offer a thought..... Situation.... We may be looking to buy a house with my dad.....value approx £400k. He will be putting £300k in, we weill have about £25k from the sale of our house so we'd want a mortgage of abut £75k. Our current mortgage is £170k and…
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Mortgage offer DECLINED - Underwriter help PLEASE!
Hello! So Halifax Declined my mortgage after the fraud team / underwriters looked into it. I was self employed (and hardly working) then I went employed at this venue (now working full time). I had 9m off sick last year and only worked 16hr a week for the month 3m. Now I'm recovered and loving my new employed security I've…
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Affordability on a remortgage
What exactly are lenders looking for in terms of affordability on a remortgage? I'm planning to remortgage in early December, so guessing that means I need to be on my best behaviour for Sep, Oct and Nov. So it's making sure my statements are tidy and there's money left at the end of the month - presumably? My mortgage has…
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Nationwide declined my AIP
Hi, so nationwide have declined my mortgage in principle online. They said it was due to credit score and wouldn't tell me any more than that! I have checked my credit file with all three agencies and they are perfect. Had anyone tried to appeal with nationwide or knows the process?
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Removing name from mortgage help needed
After recently running a credit check I noticed that I was still associated to a mortgage with my ex. I have spoken to the lender and explained that through the divorce with my ex I have been removed from the deeds through land registry and had it witnessed by a solicitor. The lender said that my ex has to request my…
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Halifax asking for employer references
Hi everyone So as the title says, the Halifax have asked for employer references from us. This is because me and my partner are paid in cash and they need more verification of income other than payslips as the money isn't entering into our accounts. They posted out something for our employers to fill last Fri and we…
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Building a new house in the garden (Nationwide mortgage)
Hi folks, I own a house with a large rear garden. It's worth ~£350k and I owe Nationwide ~£115k on a 4 year fixed rate nationwide mortgage taken out in Feb 2014. I'd like to build a second house in the back garden, sell the original house, move into the second house, and put the cash aside for a rainy day. There are a…
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Advice after Fixed Rate Mortgage plan expires
My Nationwide 4 year fixed rate (3.49%, SVR 3.74%) mortgage expires 30 Nov 2016 and although it's a few months away am currently seeking advice on what to do after that. Details (as of 22 Aug 2016). Purchase price: 155K Current property value: 173K Owed: 98K LTV: 57% After it expires I'm not sure whether to take a tracker,…
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Can I remortgage if I no longer work but husband pays?
Hi there, I would like to know whether anyone out there can help me with this. I took out a mortgage in my own name 4 years ago. Since then I have married and had a baby. I no longer work and receive an income but my husband has been paying the mortgage for the last two years. My mortgage deal is coming to an end and I…
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Buy To Let on low income
I am looking to rent out 2 properties, and get a buy to let mortgage (or preferably 2), but one of the lending criteria is that you earn more than £25k/year, which I don't, so can anyone offer some advice. I own a £40k property outright and I have previously rented out a property in the past so understand what I am getting…
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First time buyer guidance - London
Hi all! Just looking for some pointers/demystifiers/advice I guess, really. Perhaps others in a similar situation would benefit from this too. I'm a 28 year old IT professional, currently work in Luton but decided last year I wanted to relocate to London (friends, partner, social life, job opportunities and 0…
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First time buyer - wife recently gone self employed
Hi all, First time poster here on the MSE forums, though I have lurked for a while... My wife and I are looking to buy our first house in the next 6 months. My wife has gone self-employed less than a year ago, and as I understand her self-employed income is unlikely to be regarded by lenders for any mortgage we apply for.…
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1987 Endowment mortgage miss sell
Hi Forum In 1987, i took out my first endowment mortgage with the Leeds Building society, they sold me an endowment mortgage on the basis that at the end of the term, it will more than cover my mortgage and i will have extra money payed out. at no time did the sales person mention the word shortfall, or possible shortfall.…
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Right to buy Mortgage FOR Council Tenents
Any one got a recommend for a Bank\Building Society who have Right to buy Mortgage FOR Council Tenants thanks:)
