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Adverse Credit
Hi All, Looking for a bit of advice again. I have an unsatisfied default, dropping off August 2017 - we were planning on waiting until after this to apply for a mortgage - but have seen a house which we can afford a 10% Deposit on. Are we more likely to be accepted for a mortgage with 10% Deposit rather than 5%? The…
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5yr vs 10yr fix?
Hello, Just looking for your general thoughts and advice on this. I know the final answer rests with us and what suits our financial situation, but interested in hearing some opinions! We are going to ditch our YBS 3.69% fix which ends 31/07/19. We initially started thinking about this due to the savings that switching to…
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Broker Error - What to do?
I am struggling with my broker and don't know what to do. I thought we were a simple application as we have good employment histories and no adverse issues. So far the broker has placed us with Halifax, to which we received a quick decline. We now have an application in with Natwest and our broker has made an error with my…
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Planning ahead...
Hi, I've basically made a hash of my life up until about 4 years ago by running up debt I couldn't afford. That is all in the past now, I've been on a Step change DMP all this time and now I'm starting to save after having paid everything off! :) So far I have a mobile phone which I pay monthly by DD, and also pay my rent…
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Bank of ireland reviews?
Hi, My broker has suggested BOI for my mortgage but when i google them all i can find are negative reviews... and not many posts about them on here... are they a decent mortgage provider or am i better off going with nationwide/first direct? Any help/suggestions would be appreciated. Thanks j :) x
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Avoiding Nationwide exit fee - is there a better option?
After making some serious overpayments, my Nationwide mortgage balance is now very low, but I still have 15 years remaining on my term. I could pay it off right now, but that would incur a £65 exit fee. However, if I keep making my regular repayments for the next 5 years, then I think there would be no exit fee (because…
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Studying CeMAP, too young?
Good Evening, (I would appreciate if any mortgage advisors would read all of this) I am looking for some advice regarding studying for the CeMAP qualification. I am turning 18 in May so I am aware my age might be a disadvantage, however I have been working as an apprentice as a mortgage administrator in a small brokerage…
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Not told about referral fee for solicitor!!
I'm a first time buyer and because of the way I'm paid I've had to use a mortgage advisor (which obviously comes with a fee!). When it came to choosing a solicitor the advisor said they could help and sent me a recommendation. It turned out to be the same firm a friend had previously used so I thought it was a good choice!…
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About to start new job before mortgage app
Hello My fiancee and I have just had an offer accepted on a house but are worried that we won't get a mortgage approval due to his imminent change of jobs. We are FTB with a 10% deposit and had an DIP from Halifax which just ran out before we made an offer so applied for another via HSBC which we also received. Joint…
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Deposit - Which accounts to source money from...?
Hi all, I have had an offer accepted on a property and the mortgage etc is in progress. I now need to prepare for sourcing the deposit money from accounts. And i was looking for suggestions on which ones to prioritise taking the money from. I need to raise around 80k In summary, i have the following: 1) Santandar 123…
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Letting out current house and buying another
We are looking to upsize from our current property and were wondering whether renting out our current property and buying another one was an option. It's currently worth £190k and we have £130k remaining on mortgage with skipton. Our repayments are £612 a month and identical properties next to us have been successfully let…
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Second charge v declaration of trust
Sorry, complicated situation and my solicitor is on holiday for another week so I'm unable to ask him. My partner died a year ago. The house we have lived in for 12 years was in his name, as was the mortgage (Royal Bank of Scotland) There was a restriction and Declaration of Trust added to the property when we bought it…
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Pay day loans affecting application
I have a history of pay day loans on my credit file and I wondered if any brokers on here would be able to tell me how historic they need to be before I can successfully apply for a mortgage please? Usual script, I made the mistake of taking the advice from someone that they improve your file so I repeatedly took out one…
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mortgage settlement issues please help!
Hello all I'm new on here and am hoping you can advise me on a issue I have it may be a bit long winded but here goes my problem is with landmark mortgages I sold my previous property 2 years ago the mortgage on that place was made up in two parts the main mortgage and a unsecured loan which was attached to it so I sold…
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Do I need to pay for a CHAPS payment to buy/sell a house?
Hi all, We're instructing a solicitor to put through the sale of our house.One of the questions in the paperwork is around what type of payment they should use to transfer the sale money. Options are: - 'I require a same day payments (CHAPS)' - 'I require a BACs payment. I understand there is no charge and while the…
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Got a large credit card bal - use deposit to pay off?
So we have a combined total credit card balance of £7000 for the both of us. We pay off the credit cards each month - more than (minimum payment + interest amount) so that we actually pay off a part of the credit balance each month. Is it more advantageous to pay off the whole £7000 balance with the money we have saved for…
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Payday Loan & Santander Underwriters
Hi guys, I had a payday loan back in Jan. Paid off all fine - only to realise now that it may cause a problem with mortgage. Me and my other half are applying for a mortgage with Santander on Tuesday. Im pretty certain we will get an AIP but have been told that the Santander underwriters will most likely decline because of…
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NatWest Agreement in Principle - Help to buy?
Hi there My partner and I are currently saving for a deposit- we are both FTB I have been trying to process an agreement in principle on Natwests website, however I am having some issues entering the total property price and deposit amount I assume the total property price is the full price before any equity loan etc is…
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First time buyer - Is HSBC DIP realistic?
I'm a first time buyer and have found my dream house. I'm due to view next week and wanted some advice before I built my hopes up too much! My income is £20,205 and I'm on a permanent contract, no probation period I changed jobs in October 2016. I have 30,000 deposit and my parents are going to gift me £10,000 if needed.…
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removing me from the mortgage
I'm currently on a mortgage with my mum however I'm looking to buy a flat and I can't have 2 mortgages. Is it possible to just remove me from a mortgage without remortgaging? My mum can borrow more than what's left on the mortgage and the mortgage is <50% of the value of the property.
