-
When will Nationwide request documents?
What the title says really. We have submitted our mortgage application after getting a DiP but no documents requested yet! Will they do the valuation first? (they have instructed that today) and then deal with documents as they haven't asked for a payslip or anything yet? Thanks for any advice and other stories..... FTB…
-
mortgage application and new tax year
Just completed my AIP today with halifax, i plan to do the full application on saturday. When entering self employed figures today they asked for earnings in 16/17 which only ended yesterday. Tax returns for this are not due till Jan 18 so i don't have sa302 for this year. Am i now going to have to get my accountant to do…
-
Barclays track it app
Hi currently going through a mortgage application via broker.. applied Monday just gone and received text message Tuesday saying that valuation is booked in today for the property that I want to buy.. the app has not been updated since the 4th and still on 'reviewing mortgage application' how long will I have to wait to…
-
Brokers - Worth their weight....
I'm talking about my own experience here but I couldn't have got my mortgage offer without my wonderful broker. Yes, I paid him a fee but he was worth every penny. Always there with a quick response to emails, speedy turnaround service, very efficient and most importantly I got approved! Now, Conveyancers... well that's…
-
Mortgages for Over 70s
Hi first post please be gentle :-) Wonder if anyone has had to deal with this. My dad is a widower after my mum died a few years ago. He and my mum remortgaged their house a couple of times and for reasons best known to them didnt take out extra life insurance to cover this difference. Bottom line is dads mortgage hasnt…
-
Leave broker to go direct? As they are just down the road.
Hi MSEs, I've recently applied for a mortgage through the recommended MSE broker. I was told after a few days of the application being processed that I would be contacted about what ID they need for the application. I also mentioned the names were wrong on the forms. I didn't hear anything back, so I rang up and my case…
-
Exchanged without offer, wait or apply now?
I recently exchanged contracts, without a mortgage offer as it's a new build. Exchange was back in February and estimated completion is October 2017, however obviously expected to potentially be delayed... I've got a broker who's recommended Virgin Money as a good lender who can provide a mortgage offer valid for 6 months…
-
Is this going to cause us problems?
I just wondered if anyone could give me a bit of advise please My husband and I are hoping to move house soon, we are hoping to apply for a mortgage in the next couple of months. Our current mortgage is with west brom b/s. My husband has worked for the company he works at for about 20 years, they all get proper payslips…
-
Mortgages
Hello, I was wondering if someone could help with the following conundrum. I have a house, but need to buy a bigger one. My mortgage interest rate is 1.49% and I'll need a larger deposit for my next one. I've currently got my money invested but I'm phasing it to cash as the purchase is likely to be within the next 6…
-
Expenses & Mortgage application
Hi, I work permanently but in a consultancy so a lot of travel and expenses. The HMRC 24 month rule starts after we have been at a location for 12 months, so instead of paying out expenses separately we start getting them through our payslip but the taxed is sorted out by our company. Obviously this then inflates my pay…
-
Bank Statements - what are they looking for?
I know this might sound a bit daft, but what are lenders actually looking for when they have your bank statements? The reason for asking is that my other half and I have applied, through a broker, for a mortgage (with NatWest). It's about 6 months' earlier than I was planning, but with a very generous cash gift from her…
-
New build HTB Mortgage with Halifax
We have a new build HTB mortgage progressing with Halifax. Finding the process all very nerve-racking, but our broker is very efficient and is smoothing the process well. Heard yesterday that we have "passed all initial checks" and that our application has now been referred to underwriters for final checking, they expect…
-
Mortgage when wife is a student nurse
Hi guys, I was wondering whether you could help. Me and my wife currently live in a one bed flat and are thinking of selling it to buy a bigger place. After clearing existing mortgage we will have ~ £150k towards the deposit for a new place. My wife is currently studying to become a nurse (she graduates in 2019). She…
-
Really stuck - cash in or keep with it
My 5 year fixed rate mortgage is up for renewal next week. I was previously paying 3.79 % and i can now get a deal at 1.7 %. I pay interest only and owe 58k. In the meantime my £90 per month and £70 endowments with standard life has shot up in recent months and the surrender value is 29k and 15k so 44k total as of today. I…
-
Paid off debts - won't show on credit file until after mortgage meeting
Hi First post, so please be kind. I paid off a lot of debts on Friday, put my house on the market expecting it to take a couple of months and it sold within 24 hours, I have since gained an AIP with HSBC as I already have a mortgage with them and had an offer accepted on a new house. My fear is that my debt repayments and…
-
Affordability
Hi there Quick question...if you use an online estate agents and choose to pay later (on completion or in 10 months) which involves credit check would this be seen as a credit commitment and lower affordability? We are very close to limit and wouldn't want to scupper our chances further... Any advice would be greatly…
-
How much deposit?
We've taken out a mortgage on a house valued at £145,000. The amount we're borrowing is £129,500 Our mortgage advisor advised us to put the arrangement fee of £999 on to the loan. We have our mortgage agreed but we've not been told how much we need to pay in terms of deposit etc. The agreement states we've borrowed 129,500…
-
Mortgage / Credit report advice
Hi all, Also posted this in the "Credit" forum so apologies if you see it twice. A brief intro...my partner and I (both 27) are looking at purchasing our first property together in the near future. Have been to see a mortgage broker and understand our budgets etc. Our only concern is an issue with my credit report. Whilst…
-
Can I remortgage?
Hi all, Unfortunately my wife and I have been living beyond our means for some time now and we've both finally had enough and decided to sort ourselves out. One thing that could be a possibility is to remortgage to pay some of the debt off. We have some equity in our home but with having some much debt we don't know if we…
-
Mortgages that don't check spouse finances
We need to get a mortgage but it needs to be one my husband will be able to get on his own without them wanting my income, debt ect. We are seeing a broker but just wondered if it's possible for my husband to do it all on his own basically without having to really involve me.
