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Help with mortgage application - maternity leave
We're hoping to move house next month but my wife is on maternity leave. It's not yet been determined whether she will go back three days a week or full time. We submitted our mortgage application to Santander with all the details of earnings etc, but put my wife's in at the lower amount (I.e. Assuming she will go back…
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Remortgage Calculation Question
Hi All Background: I was a first time buyer and am currently on a 5 year fixed mortgage with an interest rate of 4.29%, I am at year 2 with 3 years remaining, at which point it will switch to 4.95 variable. To get out of this mortgage it would cost me £12,000, given that my fixed period is still in-going for 3 years.…
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Advice needed re: asked to leave home and children...living with mum, what can I do
Hello, I am here seeking any advice on my relationship breakup and the situation I now find myself in with my property. It’s a very complicated situation so I’ll do my best to break down into simple facts and omit all the minor details... I had been in a relationship for 14 years with the ex and we have 2 children together…
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Buy to let mortgage
My mother has been left some money and would like to invest it in a buy to let, the value of the house would be about £95,000 and a deposit of 15% so a 85ltv buy to let mortgage would be needed. Is there many lenders out there who would lend? She doesn't want to waste her time viewing the property etc without knowing this…
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Please help. Mortgage deed! How to change name? How much does it cost?
Hello everyone. Posting first time here. Having very low knowledge about mortgage matters, I thought to take advise from you guys. Thank you in advance. I took out my mortgage in 2015 as a FTB from woolwich Barclays. (Solely on my name even though I was married) I got divorced last month, now I would like to change my name…
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Shared ownership mortgage
I am new to the forums so not sure I have posted in the right place. but just wondered if anyone knows anything about Shard ownership houses? In my lease it says that I cannot carry out any trade business within the property, however I am looking at selling a particular product as a mobile consultant so would be visiting…
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Do Halifax charge a standard ERC?
Hi guys, we've got 1 year left on our 2 year fix with Halifax. The interest rate is quite high at 4.09 and just wondering whether we'd be better off remortgaging early. We currently have around 229k left over 29 years. I tried ringing them but was on hold for 10 minutes so gave up. I've heard 3% being thrown about on the…
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Mortgage paid off, but would like to recoup some money...
Sorry if this is in the wrong forum, and a bit long winded...but here goes.. My house in Scotland is purchased outright and currently leased. I live in Australia and I am looking to purchase a house here, ideally needing 20% deposit, I wondered if anyone knew or could recommend a way where I could recoup say 40% of the…
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Which is the better of these 2 mortgages?
Hi, we are first time buyers earning gross of around £48k combined but we only have a 5% deposit. We are looking at 2 mortgages with the same company: 1) Fixed rate of 3.65% (£695 p/m) for two years then rising to the SVR of 4.94% (£800 p/m). No fees. 2) Discount of 1.9% so 3.04% (£644) for two years then rising to the SVR…
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High credit score, high equity still no mortgage!
I'm after some advice on getting a remortgage. I've never had issues before, but I've now been turned down by 2 separate suppliers. I Have a 968 Experian credit score and over £100k equity on my home. Calculators show that my salary should allow me to apply for over £50k more than I need so I'm comfortably in affordability…
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mortgage chance
Hi all, just after a bit of advice. passed the initial credit score check from a lender via my mortgage broker. i had a recent history of defaults and payday loans however i managed to get straight for a year now. my question is once i ive found my dream home and they want to see my bank statements, will transferring my…
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Mortgage Appllication - Dependants
Hello We are thinking of buying a house next year. I went to my bank to enquire about mortgages, to have an idea how much I can borrow. Our situation is that I work full time and partner looks after our 3yo son. We would apply for a mortgage based on my salary only. The MA told me that even though we're only considering my…
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4% Mortgage rate - High?
Hello, Looking for some advice. We bought our first house last year and took a mortgage out with Nationwide on a four year fixed deal with no fees to pay upfront and £750 cash back. We paid 87K for the house with a £10200 deposit which gave us an LTV of around 88%. The interest rate for the mortgage is 4.04% which I didn't…
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Mortgage capacity ??
I am currently getting divorced and have been asked to provide a statement of my mortgage capacity. I have zero credit facilities (due to bad credit) but need to provide evidence as why I need enough cash to buy a home outright. I have asked my local bank and they didn't appear to be able to provide a statement of my…
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Redemption Figure
Hi all, I am approaching my first re-mortgage and would be grateful if those of you who have been through the process can offer any advice. I have asked my existing mortgage provider for a redemption figure as of 1 December, being the day after my current fixed rate deal ends and no additional fees for repaying are due.…
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Compulsary bank account with Woolwich mortgage
I was told that I had to take a Barclays openplan bank account out in order to get a Woolwich mortgage. That bank account had a "flexible" overdraft. Every time I got near the overdraft limit, it would increase without asking for my permission. I ended up using that overdraft and ended up £12k overdrawn. I have complained…
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Mortgage application form sent, additional form forgot..
Hi, just want a bit of advice, mortgage product was withdrawn and I was told to send application form in by tomorrow (deadline) which I did today via next day delivery but I forgot to send letter of suitability, income and expenditure form and the signed property loan declaration. Obviously bank closed so am worried, would…
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The Mortgage Lender
So we have a less than perfect credit rating but all in the past and nearly off our record. We applied with Nationwide as we have our accounts with them and after a consultation meeting they advised us to apply and then they declined. GREAT!! We then went to a broker who put us through with ' The Mortgage Lender' - has…
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Help to Buy Equity Loan
Wondering if there's any H2B Experts out there...! Scenario: 1st home purchased with H2B Equity Loan as main residence. Owner owns no other property but rents a property elsewhere to live in for work purposes. In support of parents retiring, parents move into H2B property and pay a 1/3 contribution of mortgage as rent. Is…
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Mortgage application with car allowance
Hello I earn an additional contracted car allowance every month which shows as a seperate item on my pay slip. It is taxable and I use it how I wish. On mortgage application can I add this into my yearly salary or must I exclude it? Thanks
