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when is it safe to apply for credit card
Morning all, I have just got a mortgage and waiting to exchange contracts in a few weeks, my question is when would it be safe to apply for a credit card, I dont have any currently. But with a buying a new house there is a always a few bits you need. The best answer is when i have the keys in my hand aahah,, guess im…
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First time buyer now but soon to be buy to let buyer?
Hello. I am a first time buyer who is buying a house in need of complete renovation with a 95% ltv. I plan to live in this house forever. However - I hope to release equity when I remortgage due to the increase in house value from the renovation. This could raise enough for a 25% deposit for another house. I then want to…
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Is getting a mortgage possible?
Just wondering if anybody could shed a little light On whether a mortgage is possible or not, so here's the situation. My credit history is dodgy, my wifes is good and we have our heart set on getting our own home next year. My income, £42000 basic, £15000 shift allowance, £15000 voluntary/contracted overtime - £72000…
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Mortgage advice....
Good morning I'm just after some advice, Between the years of 2011-2013 I got into some financial difficulties, which led to some adverse on my credit file. I have 3 defaults and a ccj, 2 of the defaults are for communications the other being for a bank loan for £700, my defaults have all been settled with the bank loan…
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Vendor (Who is a friend) gifted deposit in 2017
Hi, Today I have been discussing mortgages with a colleague of mine who recently moved into their first home. They told me that they purchased the property from a friend (not family) of theirs and managed to get a good deal not only on the property itself but also on the mortgage (cashback, gift hamper, free surveying and…
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Halifax refusal of payment date until 3 years later!
Hi I was wondering if anyone else had come across this problem. I took out my mortgage in June 2013, I changed jobs and as such I needed to change by payment date from 27th to the end of the month as I get paid then. This couldn't be done as Halifax mortgages have to be paid by 28th. I asked about moving to 1st of the…
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Mortgage decline by nationwide...
So after weeks of getting our hopes up we have just been declined by nationwide after having a decision in principle for past 2 weeks. What i would like to know is if one bank i.e nationwide, declines you is it possible that another bank/mortgage lender will approve you? I just need a silver lining somewhere right now...…
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parents gift money from a personal loan
I am a FTB and my parents agreed to contribute towards the purchase by gifting me money [about £ 8 - 10k]. I am planning to use their money towards stamp duty..etc and my savings are enough to cover the complete deposit amount. However my parents are planning to get a personal loan to fund the gift amount . They are…
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another equity loan question
I'm quite clueless about mortgages, interest etc etc it has to be said. I just do what the broker suggests when it comes to renewing my mortgage deal and thats about it really. Anyway, I've got a *developer* based share equity, which is coming to the end of its 5 year interest free period. * The value of the house was…
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Investment property yields
Before you buy an investment property with the purpose of letting it, think about the yield that is available on the property; do your research and do not take the estate agents' estimate as gospel! In a world of tough rental stress tests and down-valuations at every corner, the failure to sense check a rental income…
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Mortgage unsure
Hi I went through a broker to get a mortgage. On my exprian report there is a default (satisfied) and some satisfied pay day loans dating back to July last year he said he wouldn't be able to help but referred me to a specialist broker who said only if I had a 20% deposit. I only have a 15% deposit. Anyhow by chance I…
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Payday loans on mortgage application
We are in the process of buying our first place with my girlfriend, I have an old satisfied default from 5 years ago for £97 which a broker has said wont be an issue at all as it was an old phone bill. Other than that both of our credit scores are good or perfect in her case. My questions is however, for many reason, none…
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Mortgage Split into 2 sub accounts one with good deal other not!
I have a mortgage with TSB It is split onto 2 sub accounts 1 part has £60500 which tracks at 1.25% above Bank of England 2 part has £122500 which is fixed until Nov 17 at 4.09% Obviously, need to get this changed have seen a decent rate of 1.14% fixed until 2019 with HSBC then 3.69% However, I'd rather not lose the 1.25…
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Self-Build Mortgage on Parents Land
Hi guys, First post here so thanks in advance for your advice :) I am planning to convert a stable block on land that is part of my parents house (I am buying the land). I have successfully applied for planning permission and was wondering what the best next step was. Should I start to look at brokers for mortgages or does…
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New job with very long probation period
Hi, I am looking at buying my first property, hopefully in the next year or so, once I've saved up a little more. The only problem is Ive just been offered a new job starting in September, which on the one hand is a significant pay rise meaning I will have more options on the kind of place I can buy, but on the other hand…
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shared ownership mortgage
Good Morning, I was wondering if anyone could advise the best mortgage companies for shared ownership? we've been having some difficulties with our mortgage advisor to say the least so would like to more opinions thank you
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Mortgage shortfall advise, do these figures look ok?
Hi, I handed the keys back to my property 3 years ago and asked for the mortgage to sell my property on my behalf, long story but it was the best option for all in evolved. Now I say that i owe them £24,841.83 and when i challenged them on this and asked for a full break they came back with £24.943.83. Can they increase…
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First time buyers, any advice?
Hi there, My long term partner and I are hoping to buy soon, and I want to know if I'm being naive in thinking it's possible. We will have just over £20k in terms of a deposite. He is on an apprenticeship wage at £12k and I'm on £20k. Both young, so no problem with credit ratings. It's all very alien and new and I wondered…
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self employed, no tax returns - mortgage, are we stuffed?!!
Bravely adding this here! We have applied for a mortgage and we both are self employed We have a good deposit - approx half of what the property is on the market for so we need to mortgage the remaining amount. However we have no accounts. Broker wants to see the following: Tax overviews for 3 years sa302 for 3 years…
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Mortgage Valuation Refund?
Hi All, Hoping to get your advice on whether I should push for a refund of my mortgage valuation which cost £750. The reason they declined the application was a fairly strange one, to do with their interpretation of how I get paid. I would like to dispute it at the very least, but I am not sure, so hoping I can get some…
