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What will have been done so far?
I have applied for a HSBC mortgage online. Approved and asked for payslips, bank statements etc etc. They then come back and ask questions re transfers on my statement which meant I sent more statements. They now have said they have all the info needed and the case has gone to the underwriter. They said all cases do this.…
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Sa302
Hi everyone. I think this is a question for the brokers on here but I would be grateful for any advice received. I'm a ltd company director owning 100% shares. I'm aware that some lenders (such as Santander) will accept SA302 as proof of income. Most of these come with a caveat of 'we reserve the right to request company…
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Multiple late payments with decent deposit
Looking for some advice please Have checked my credit report and between 2011 and early 2014 i have quite a lot of 1's on my file and 1 2 (2011) All credit cards and paid within a few days apart from the 2 i think i was late paying then made a payment thinking that would cover the next month also but it didn't. There have…
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Secured loan affect remortgage
Hello everyone Sadly me and my wife find ourselves in a bit of a rubbish situation. We moved 8 months ago £210000 house value £154000 mortgage since we have spent 20k on credit cards for home improvements, we have been affording the monthly payments while saving extra to pay some back each month. Sadly my son has become…
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Adverse...
Morning all... Looking to see if a mortgage would be possible with the following, and whether it would be likely we would need to go adverse... Me...a ccj registered in may 2015 for £689, satisfied in July 1015 (Anglian water) A default of £54 registered in august 2014, fully satisfied Perfect repayments since the above.…
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Applying for sky and broadband before completion
Hi Our mortgage is accepted and we are just awaiting to exchange and completion which should be next month. I am thinking about being pro-active and ordering Sky and Broadband for a few days after completion date (once it's properly set) as there is normally a long lead time. However, I wonder if this could leave an…
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95% mortgage with historic late payments
Hi! Does anyone have any experience with getting a 95% mortgage with a less than perfect credit history? I have 3 months of late payments on a credit card 7 months ago, and 3 missed payments on a Next account 12, 15 and 24 months ago. Looking at properties around the £190-200k mark with a £10,000 deposit. Salary: £48,000 -…
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Please explain variable rate mortgages
Hi all, this question is more so I can gain an understanding of a variable vs a fixed mortgage. For peace of mind, I'm going for fixed however I still want to get my head round variables for the sake of comparison. I know variable means that the rate can change but my question centres on the monthly repayment amounts.…
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Advice for first time mortgage
Hello all, MY partner and I are saving hard in two Help to Buy ISA's for our first house, so we are all rather new to this. I'm a little worried because my main bank account often plunges deep into my arranged overdraft, only to be topped up again at payday and the cycle continues. I've cut my expenses to a minimum and…
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Advice ref paying 10% off wrt New tax rules on BTL
Good evening I'm new to the forum and after a bit of advice pls We have a house up north on a BTL only had it since June last yr. Now we are in a position to pay 10% off but with the tax changes in April not sure if we should Currently £413 pm mortgage Could be £375 if pay 10% Our rent is £550 10% goes straight to letting…
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Second Mortgage
Hi, I'm looking to obtain a mortgage on a second property. The amount will be £240K. I approached my existing lender and they gave a mortgage in principle of up to £280K based on affordability of having this second mortgage on top of my existing one. However now I have come to proceed with the application they have…
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Doubting AIP
Hi There I am new to this so go easy on me! I have been reading lots of the posts on this forum recently and have found it really helpful reading what people advise and their experiences so thought I would ask my own question rather than apply other peoples to my own situation! Don't want to keep hassling broker... Here…
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Possible to get a tiny mortgage over a long term?
I owe less than £15k on a Nationwide mortgage (on a house currently worth ~£300k), with about 7 years left on the original term (term was reduced by overpayments). I don't want to pay it off completely as it's at an advantageous rate and I may want to borrow back some of the overpayments, but I am no longer getting more…
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Halifax Mortgage Application/Credit Report
Morning Folks, First post after recently coming across this forum and great advice to be found from all contributors so thanks for that. Looking for a bit of advice/peace of mind with regards our Mortgage Application which we submitted yesterday through a Mortgage Advisor with Halifax for a new Self Build we hope to go…
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can I remortgage with a dmp and poor credit score?
Hi, I'm after some advice, please. I have a mortgage of £280,000 & a second mortgage of £28,000 totaling £308,000, my house is currently worth approx £360-£370,000 so approx £50-60,000 equity. I am currently on a dmp with stepchange due to some financial difficulties incurred during time off having my children and bad…
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Changing mortgage type charges
I am wondering what charges are involved if you change from a standard capital mortgage to a buy-to-let mortgage, also how long do you have to keep the standard mortgage before asking to change?
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Renewing BTL's after age 65
I have two BTL mortgages with The Mortgage Works on two year deals due to expire next July. I become 65 in May of 2017 and cannot see any restrictions on their website related to renewing the deals after age 65. However I am apprehensive and do not want to get the bad news in 15 months time as I would not be able to repay…
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mortgage deposit proof
Just a query about deposits and proof. I sold my house a while back and have had the equity sitting in the bank. I used some to pay a few things and make a large purchase but have since replaced the money drawing a dividend. I am now about to apply for a mortgage but i want to put a little bit more down but it's coming…
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Mortgage Application - Sickness
Hi, I need some advice from someone much wiser than me! :p We have received a mortgage in principal and have found a property we like. The property won't be ready until July. Unfortunately my partner has been signed off sick with work related stress for the last 8 weeks. He will be starting a new job shortly and be back to…
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First time buyers
Hi there, Myself & Wife are looking for some mortgage advice as we have received some conflicting advice from 2 mortgage brokers. We are both in full time employment with a combined salary of around 60K PA and we currently have a 10K deposit. My wife has a clean credit score but I have 3 defaults on my file. One is for…
