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Down Mortgage Valuation
Myself and my husband are first time buyers, we found the perfect house but it had only been on the market a week. Had been fully refurbished, huge garden, ideal location etc etc. So we made a couple of offers but all were turned down as there was "so much interest" in the property. We wanted the house so we were willing…
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Remortgage help: Pay early repayment or not ??
Hi there, I'm hoping you can help me. Me and my wife are hoping to sort out our finances and the mortgage is top of the list ! We have seen many good mortgage deals on the market. I wondered if I gave you our details could you help with free advice ? We have a mortgage with nationwide a 4 year fixed rate 5.79% . Monthly…
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Atom Bank Mortgage Thread
As this is MSE, I'm sure there were loads of people who caught on to the amazing 1.29% 5-year deal offered by Atom Bank two weeks ago! I was one of them, and currently halfway (ish) through the process. I thought I would start this thread as a watering hole for other people in the process of an Atom Bank mortgage! My…
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First remortgage help
Its my fist remortgage, I have to go with HSBC due to reasons above, I need to do 2 year fix with personal circumstances. We are right on the boundary for the 75% LTV deal I we have 300000 left to pay on the mortgage and the property value is about 410000, one property sold 5 doors down for 395000 about 9 months ago. The…
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Gambling with mortgage application?? Help
Hi So I have passed my credit check and affordability with a house myself and my partner are going for and tomorrow we have to send off our mortgage application. However they need to check our bank statements which will show on the last month quite a bit of betting probably around 60 pounds per week will this make us be…
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How much can I lend? BTL + personal mortgage
How much can I borrow if I have a BTL mortgage, from a personal mortgage point of view? I have a personal mortgage on a house which I have been refurb'ing. I've owned it for about 1 yr. I would now like to move, and rent out this house with a BTL mortgage. I have created equity of 25% for the BTL, and I have 10% savings…
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List of Lenders for HELP TO BUY for remortgaging when keeping your equity loan.
Hi, Can anybody add to this list ? Thanks So far I have 8 whoopeeeee:j Cheers Clive Skipton BS Leeds BS Newcastle BS TSB Barclays Halifax/Lloyds Newbury BS Dudley BS.
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Mortgage declined after valuation based on owner occupancy rate?
Hello, Passed all checks with underwriter etc and was awaiting valuation with Nationwide (applied directly) for a leasehold flat in a purpose built block only to get a call to say they were unwilling to lend based on the owner occupancy rate (92% let, 8% owner occupiers) in the block. I've never heard of this being an…
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1 year of account and possibly bad credit
Sorry really long post.... Hi I am hoping for some advice, I have not posted on somewhere like this before but have been trying to do as much reading up as I can so please bare with me if I have missed anything. I am aware I'm not in the ideal position to get a mortgage but we are for one reason or another very keen for it…
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CMACERT is it worth it?
Hi all, my first post here so play nice :-) Hopefully by next week I should be CeMAP qualified as I have my final exam. My Open University are suggesting I take the CeRER or CMAcert qualification after this. Is this worth it? CMAcert is £800 alone! I'm very new to all this. I really want to become a mortgage adviser and I…
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Gross pay or taxable gross pay on application
Hi When completing affordability calculators (or full apps for that matter) which do you put Gross Pay or Taxable Gross pay. And presumably if you put taxable gross pay you can't then use (car allowances etc) again in the calculation ortherwise you are effectively using them twice?? Many thanks
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First-time Remortgage-er
Hi Guys, I'm hoping someone will be able to help me clarify a few things as this will be the first time I've remortgaged (the two year fix is set to end in June) My first question has to do with our LTV. My current lender has adjusted our property value (at my request) in line with the house price index, which has taken…
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Help to Buy loan DIP
Hi all My partner & I are looking at a new build & as a result using the HTB to get a mortgage. When I am looking at getting a DIP/AIP with a mortgage company there doesnt seem to be anywhere in the form to add the HTB loan. The property price is £190k, our deposit is (5% of £190k) £9500, 20% HTB loan of £38000 so mortgage…
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Help To Buy Larger deposit
Hello everyone, I am looking at a new home (my first home) and viewed some new builds last night that I fell in love with, I have some questions surrounding the Helo to buy Equity Loan that I cant seem to find answers for in the usual places. Basically I have an extremely large deposit stemming from an inheritance were…
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Mortgage for Buy to Let investment while renting
Hi guys, I currently rent my flat. I do this because its a cheaper way to live in the type of flat I want, I could not afford a mortgage on it. I was wondering if anyone else in my situation has got a smaller mortgage and bought a cheap flat with the view of renting it out? Thought it might be a good investment idea, and…
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Moving Abroad and Changing Mortgage to Buy to Let
I am currently in the process of moving overseas and am looking to change my Mortgage to a Buy to Let one, but am experiencing a few issues as my current lender won't support this type of Mortgage. Does anyone have any experience of this, or knowledge of lenders who will give expats mortgages? We have a good degree of…
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Surrender Values and Terminal Bonus
Hello all, I have a question about surrender and maturity values of a Clerical Medical with profits 25 year endowment policy that has just matured. In August 2015 I checked and received a surrender value for this policy of £16,640. In April 2017 I received a maturity figure which, less the terminal bonus, was a lot less…
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Halifax sending through statements for someone else
Bought my current property in early 2015. Ever since then Halifax have been sending mortgage statements, addressed to the previous owner, to my address. I've sent back three of these marked return to sender to Halifax, but still they keep sending them. The latest one shows that there is a small mortgage balance of about…
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Mortgage without job
Hi, I was thinking of speaking to an IFA and my bank to see if they'd give me a mortgage as I am in need of buying a house (first one). The only thing that concerns me is that I currently have no job. Personal choice, I wanted to take some time out and relax and I could financially afford to do so. I currently have…
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Remortgage: 2 year vs 5 year
5 years ago I took out a Mortgage with Nat West on my first home. At the time I decided to go for a 5 year fixed rate deal as I felt that at the time it was more useful for me to have the security of a long fixed term and therefore fixed repayments while I got used to having my own place. The 5 year fix is now coming to an…
