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Nationwide mortgage bank statements
Hi all, Quick questions, Nationwide ask for salary fed bank statements for the main account. I have another account where I deposit about £400 a month. Usually use this for day to day spending and occasional online betting. Does anyone have experience of nationwide routinely ask for statements other than the main bank…
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Existing mortgage & self employment
Hi all, I'm hoping for your advice! My husband and I bought our first house in August 2015, with a two year fixed mortgage. In November 2015 my husband who is a tree surgeon, went freelance. I am the main earner, but I'm still worried we won't be able to get a new mortgage as he won't have two years of accounts - he'll…
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a future mortgage question
Would I be turned down for a mortgage if I was aged 45 and going for a 20 year mortgage (paid off at retirement)? How do they work out affordability? Will they take average household bills etc and workout my spare cash. I have a partner but due to age won't be included in the mortgage application. Just trying to work out…
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Overdraft use...
Hi All, Just looking for some advice, we have been saving but a house and clearing old debts while doing so. For the last 3 months, however, I have dipped into my planned overdraft, only by about 20-40 pounds each time, but I'm still worried this may affect me getting a mortgage, as I have had bad credit in the past? Any…
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bridging loan or not bridging loan
Hi I am looking to retire, and I am hoping to very soon buy the house (using cash savings) that I will live in when I retire WITHOUT selling the house that I currently live in (which is proving difficult to sell). For the next two to three years, I can live on additional savings without selling this current house. However,…
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Temp worker: can I remortgage?
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What are the Pro's and Cons to overpayments if Bank doesn't charge?
Hi all, What are the Pro's and Cons to overpayments if Bank doesn't charge? I phoned my bank and they said they do not charge for overpayments as I am on the variable rate whether I do it on lump sums or if I increase my monthly direct debit payments. Some Pro's: > I pay off the mortgage early. Have 19 years left at the…
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Mortgage applications after bad credit
Hi I was wondering if anyone could help me. I am looking to apply for a 1st time mortgage, house value £139000 and deposit I have is £25000. Wage is £34000 plus overtime, works out around £2250 a month in my bank. The problem is my adverse credit history. I was in a dmp between August 15 and April 16 . There are payday…
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How do I get a mortgage on DLA
I am currently classed as disabled with mental health issues so cannot work atm, I get ESA & DLA & own my own home currently valued with about 60K equity. Do I part exchange or do I sell individually to obtain a mortgage if there is such a company that could give me one on the grounds of my income? I cannot stay here due…
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New mobile contract before mortgage application - will it affect credit score?
Hi everyone, In the next month or two I am applying for my first mortgage and have been preparing leading up to this year by clearing my debts, culling unused credit/bank accounts etc. My 2 year phone contract ends next week however and I'd like to switch to a sim-only money saving deal straight away. The deal I'm…
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Natwest - How long to wait for offer?
Afternoon :) Hubby and I are in the process of buying a house. We had a DIP through Natwest and are about to put our full application in (pending a decision from the bods at Help to Buy) through our financial advisor. Can anyone tell me what the current lead time is on a decision from Natwest, please? Thanks
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Remortgage Time
My 2 year fixed comes to an end on 31st March 2017. The balance at the moment is £84179 Two more payments of £433.76 to make in February and March 2017 I expect the balance of the 25 year term to be £83311 with 21 years left at the end of March. Looking to tie into a 2 or 3 year fixed with no set up fees. Current provider…
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payment day
Our jobs have changed along with our wage dates. Our mortgage payments come out of our account 2 days before it is in credit.Every month we are going over the overdraft as the payment comes out. We asked to change the payment day, but were told we would be penalised as we would need a payment holiday to set this up. I dont…
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Shared Ownership - how is LTV calculated on different mortgage accounts?
Hi all, I currently own half of a shared ownership property, spread across 2 different mortgage accounts. In 2013 I bought my original 25% share of the property, and in 2015 I staircased and bought a further 25%. I essentially have a mortgage account for each separately purchased 25% share. I am currently beginning an…
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Checks to renews mortage
Hi - Can anyone advise on the checksthat mortgage lenders take to renew an existing mortgage? Our mortgage is due for expiry in a few months. There are two issues that I am concerned about: 1. We have recently agreed to act as guarantors for a relatives tenancy agreement for the next 2 years. 2. I have changed jobs and…
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When does mortgage fix period start from?
Hi, Quick question for all of the experts on the forums. When does the fix period on a mortgage typically start from - the date of the mortgage application, or the date that the funds are lent? I took out a 2 year fixed mortgage with Yorkshire Building Society, our application was approved in April 2015 and the purchase of…
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aldermore problems
i am having problems with aldermore my mortgage term ended i was told i was able to put the property up for sale i was told they e mailed me no e mail found i then telephoned them the person was very un helpful i called again and this time i was told i would be able to sell the property i put it on the market with my…
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credit check when remortgaging?
I currently have a base rate tracker mortgage with HSBC. I owe around 75K, House if worth approx 150k. If I was to apply to borrow more against the house, would I have to through all of credit checks etc, or would it be a more straightforward process as an existing customer with an unblemished payment record?
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Where to get a DIP from?
For the purpose of wanting to buy a new-build property and get on a list to reserve one, I have to show a successful DIP. Does it make a difference whether I get this directly from a lender or from a mortgage broker?
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Moving mortgage to single name
Hi everyone, First time post for me and its a biggie. 2016 was a bad year for many, me included. My personal situation changed with the breakdown of my marriage and we now need to look at our options as far as the family home goes. I have two boys and would like them and my wife to be able to stay in the their home.…
