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Which solicitors/conveyancers?!
Hi there, At long last, I've found a house and have had an offer accepted. Now the hard work starts! The estate agent says they'll take it off the market once I've sent over my conveyancer details. I was given an agreement in Principle of a quote from the solicitors suggested by London and Country. Do I have to use them? I…
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Re-mortgage
Hi I was wondering if some one could give me some re-mortgage advice? I bought a house a couple of years ago that required work and modernisation and I am now looking to re-mortgage as my fixed rate period has ended. During this time I have built up quite a lot of credit card debt spending on the house approximately £30k.…
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Proceeding with full mortgage application
Hello. So 3 days ago my financial advisor proceeded with the full mortgage application. I have a mortgage in principle, I have handed over recent payslips, bank statements also My partner sent her self employment documents as requested. My question is what is the likelihood / chances of getting declined at this stage? I've…
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Remortgage/Transfer of Equity
Hi all, this is my first time posting and I am having a bit of a tough time so looking for a bit of help. My partner and I have been together for 5/6 years and have had a joint mortgage for the past 2 years. Unfortunately, we have decided to part ways, I am not willing to give up the house and with a few changes to…
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How does porting work?
Hi. After some advice please on how porting our mortgage would work for us. We are looking to move house and hope to take our rate with us and Santander have confirmed our mortgage is portable. The property however is approx 10k more than the one we are selling. Can we please get advise on how to proceed with this with a…
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Cooperative mortgage declined :(
I am currently wanting to buy a house worth £351000 with a 10% deposit (i.e. needing a 315900 mortgage) over 35 years. My 2 questions, as a first time buyer who has been declined in November 2016 and who has only paid a business tax bill of 8760 yesterday but has not been self employed since February 2016, are as follows:…
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Awaiting Buyers Mortgage Offer
Hi, First time posting! Please be kind. So we are selling our house 🏡. We have accepted an offer from such a lovely 😊 couple. Anyway, the survey (valuation and homebuyers) was done on the 2nd of March. I was around when it was carried out. The surveyor told me he suspected dry rot in our loft. I cried a lot that day…
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Zero hour contracts and getting a mortage
I am a nurse and my partner is a teacher. I have a full time position at the minute however like the thought of working full time on the nurse bank. For anyone who hasn't heard of the nurse bank it basically means I would work as and when I want at a better hourly rate than what I get with my full time position. So I…
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Using equityng to clear debt when moving
Hi If I have a house worth 180k with 100k equity but also 20k unsecured debt, could I sell my house, put 80K deposit towards the next house and keep 20k to clear debts? Would a mortgage lender accept this or would they insist the 20k in affordability calculations, even though it will be cleared before the new mortgage…
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Broker fees
Hello, Looking for some advice. I am getting a mortgage and was told due to credit history it was going to be expensive around £5000. The mortgage has came in minus over £5000 in fees etc including fees to broker. To my shock the broker is now demanding a further £7000 !!! If not paid within 7 days apparantly fees go to…
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Advice about Bank Statements & Overdraft
Look time forum visitor and finally joined. I have read and researched everything I can about applying for a first time mortgage and I require some general advice. I understand you may have to supply bank statements showing regular outgoings. My question is I withdraw a regular £200 each week for living costs and after all…
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Self Employed not filed 1st Year Accounts can I get a mortgage?
I've been working for the same business group for 4 years across various companies they own. Since July 2016 I have been self employed as their business is in Hong Kong and don't have PAYE. I'm trying to get a mortgage as a first time buyer with my wife, my wife has been employed for the last 5 years. Our credit score with…
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Self Employed Mortgage
I have been self employed for about 12 years. My total mortgage is about £250K and my house is worth about £750K. One element of my interest only mortgage is due for payment in 4 months. I want to re-mortgage £65K to cover this so that I can invest in the business, do some work on the house and clear some debt that I built…
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Mortgage (Nationwide) Overpaying
Hi All, I've had a quick search on here but couldn't find an answer to exactly (and simply!) what i was looking for! We are in the fortunate position of being able to overpay our mortgage. One of our ISA's has just finished it's fixed term and we have £15k currently sat earning peanuts in a current account So we were…
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First Time Buyer- Help to Buy Scheme
Hi, I am new to this site and a first time buyer looking to buy in London through the help to buy scheme.. So I will get 40% equity loan. I have reserved my property and am having to put down a slightly larger than 5% deposit due to affordability on the scheme as I am buying on my own so all based on my income which after…
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Is credit check done before the underwriter requesting more documents?
Hello, my partner and I have applied for a mortgage 2 weeks ago with principality the underwriter came back to us yesterday and said she is happy with affordability bit in order to get to offer she needs to see a few more documents from our rented address (which is fine and we have them) valuation being done today but was…
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Cash advance from Nationwide - can I move this to another provider
Nearly two years ago my wife and I borrowed a sum of money from Nationwide, which was in the form of a further advance. This was for home improvements and to clear a credit card debt. That was on a two year tracker. As that two year period is soon coming to an end, I am starting to look if I can move that amount onto a new…
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Halifax mortgage application.
Hi Everyone. This is my first post on this forum, me and my partner are currently applying for a mortgage with Halifax. We've had an agreement in principle, I had to send an extra wage slip and bank statement to the underwriters, and they have also contacted my employer and asked questions about frequency of pay etc. All…
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Better mortgage deal due to big change in LTV
Hi After some advice .... Currently on a 2 year fix with Halifax which expires next May (in retrospect a 1 year fix would have been ideal ..) The property which we bought, after a lot of hard work has increased from a valuation of £270,000 to £365-375,000 , so obviously our LTV has changed dramatically. Due to this we want…
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Adverse
Hi, I'm new to the boards and I can see that this question has been asked a number of times so I apologise in advance, but every situation is unique as they say, so I was hoping to get an idea about who might be prepared to offer me a mortgage. Our situation is that we have no current defaults but 1 CCJ from almost six…
