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Will it affect my aplication
Ok so had a letter come through the post saying i owed 3500 on my Career loan , however i was under the impression that my ex cleared this (unlike the other debts he told me he cleared but thats anpther story ) iv looked on my credit reports and the accounts showing as settled with a zero balance since 2012...what shall i…
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DMP due to end - how soon can we move house?
Hello, We are due to finish paying our DMP off in June and will have paid off approx. £30k in 3 years. We are now planning to go over our credit files and ensure they are in the best shape possible in order to get our credit rating back up. We intend to put the £900 we were paying each month into the DMP into our current…
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Help to Buy ISA & Further saving for fees (Advice please!)
Hi all, Just looking for some advice, I currently have a Help to Buy ISA and have almost achieved my target of £4,000 (meaning I will have £5,000.00 as a mortgage deposit once the 25% bonus is applied). This will give me enough for my maximum budget of a £100,000 house (using 5% deposit). My main query is that I also need…
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Removing name off mortgage and title deeds
Hi My ex-wife is applying for a new mortgage with a new lender to remove my name, the mortgage broker wants me to supply a letter explaining the lump sum payment due when my son is 21years old. Any ideas as to what level of detail they need or a template? As I'm sure you can imagine it's not possible to get these answers…
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Stress Test?
Not sure if this is a realistic or not? I have put details into Halifax mortgage calculator which says they can lend me the money i need..but not sure if the 'stress test' would be a different story? what rate do lenders stress test at? (I have a broker and have asked for another appointment, so am waiting to discuss…
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Due lump sums over next 5 years - how to fund house move sooner
Apologies if that thread title is a little confusing, I'll try to explain a little more. Basically, my wife and I own our home currently with approx 50% equity. Only problem is, we have two young children and we're starting to outgrow it, whilst the schools in the immediate vecinity aren't great with our eldest due to…
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First time buyer help plz!!
Hi all I'm new to this & just wanting abit of advice, currently useing a broker to purchase a new build property using the government help to buy scheme. We have the £8.5k needed for the deposit & have authority to proceed from government but am struggling to get an actual mortgage. Using a broker but not 100% their doing…
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SDLT on shared mortgage
Good afternoon all, Came back from the bank earlier about releasing equity from a property, i had to get my son to assist and because he is a first time buyer he will need to pay stamp duty. The bank is unsure of how much he will have to pay and the fees that will go with this. I have gone through the internet and cannot…
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remortgage for home refurb but no plans yet
Hi, We are about to remortgage our house and want to do some home improvements to the house but at present we dont have plans drawn as yet just approx costs but we were wondering is it : -better to remortgage and get the money now and sort the plans now -do a loan when ready -wait another 2 years and get plans sorted first…
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Nationwide Overpayments and Borrow Back
Hi, I am looking for some information regarding Mortgage over payments and borrow back. I am currently on Nationwide's BMR and apparently have the facility to over pay and borrow back. I am contemplating making a large over payment to save 2.25% interest on the sum over payed. Then borrowing back in a couple of years when…
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Surveys - conflicting advice
Hi I was hoping to get some advice of whether a Homebuyers or Building survey would be right for us. We have had an offer accepted on a flat :j. It's the top two floors of a three storey Edwardian conversion. The mortgage advisor and one surveyor said we can only get a homebuyers survey because it's a flat. However other…
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Re-mortgaging Advice - deal ending
I am looking to remortgaging advice. My deal is ending and basically there are 2 deals that I am looking at, 2 years fixed and 5 years fixed. 2 years fixed is £13 cheaper a month than my current mortgage 5 years fixed is £32 dearer than my current mortgage. We all expect the interest rates to go up in the next year to 2…
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First Time Buyer ADVICE PLEASE
Hello, I am new to this and this is my first ever post so forgive me if I am asking questions that seem pointless :) Anyways, I was wondering if anyone could give me advice on what I should do now? Myself and my partner have been saving for a while now and have just over 5% worth of deposit plus both have help to buy ISA's…
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Bank Statements - lender point of view
Hi all, Very sorry if this is repetitive. I have a search of the forums and couldn't find the exact answer I was after. I'm a FTB and will be getting a joint mortgage with OH who is also a FTB. I understand when going to a mortgage broker it's required that I provide 3-6 months of bank statements. I've just had a look at…
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Salary deductions & mortgage application
I'm looking to buy a house in the next year (before I turn 40 :eek:) and I'm just thinking about things I might need to do before I reveal my finances to a lender. I'm a single buyer and want to do as much as possible to get the best options. For example, I take advantage of my employers stock purchase scheme (which is 99%…
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Mortgage Advice
Hoping for some advice for a situation that's hopefully not too complicated... My partner and I are hoping to move house as soon as current property sells. situation is partner has mortgage on current property in sole name and the new property will be joint. I'm changing jobs next week, my question is will this affect…
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Countrywide. Have I wasted my time?
Hello all. So we bought a new build 2 yeare ago. We originally applied for a mortgage through Nationwide but at valuation stage Countrywide down valued the new build. It was the first to sell on the estate. It is only a small local developer so all of phase 1 was built before going on the market. We bought for 147k…
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Declaration of interest and mortgage
Hi, we are looking to purchase a house that my husband, son and I can live in and also my mother, we would use savings we have and the equity from the sale of my mother's house for the purchase but also need a small mortgage on top, how can we make sure that my mother still has an interest in the property? She is putting…
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Advice needed (solicitors)
Some may know i have had a few questions about solicitors I am hoping someone could give me some good advice, My story, We instructed a solicitor of out choice and had to have the relevant paper work sent,which delayed us by 3-4 weeks( no idea why) So the paper work was received around 2 weeks ago, the searches apparently…
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Child Maintenance Limit?
Hi, Is there a cap/limit on how much child maintenance a lender would accept? A friend of mine is looking to buy her own place with her two children since separating with her ex and a good portion of her income comes from the ex paying child maintenance. Before she thinks too much into this idea, I'm just curious if there…
