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Proof of Deposit
Hi, has anyone recently shown proof of deposit when applying for a mortgage? I'm in a bit of a pickle. The Nationwide are asking for printed statements from my bank accounts. No problem, except the Birmingham Midshires say it will take 5-10 working days. Does anyone know a way around getting printed statements that you…
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Clydesdale mortgage - lost my job
Hi I have a 720,000 mortgage on 800,000k house (now worth 875k), taken out August 2016 - fixed term ends August 2018. My husband earns 95k and I was contracting earning £500 per day. But lost my contract 6m ago and basically savings only last another 3m Rang Clydesdale and my husband earns £4,900 per month. Mortgage is…
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New build mortgage, some adverse credit
We are looking at buying a new build. The LTV would be 83%. We'd be borrowing 2.6% of my income of £120k. We have some adverse credit from 2010-13. We currently have one joint default that is due to come off our credit history next month. And another that is mine, that is due to come off next March. Both are satisfied. We…
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Full Circle
We bought and paid for our home the normal 25 year mortgage way.We needed to raise some monies so a few years ago opted for a Lifetime Mortgage and now we are feeling the effects of making that judgement.We now owe with compound interest over 30% of our property to the providers and getting an annual statement of four…
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Can I get a mortgage under these circumstances? Help
Hi, Need a bit of advice, my partner and I are looking into getting a mortgage and buying a house. The house prices around here are cheap - between £70k and £100k for something reasonable. We have £14,000 saved up between us. We will get some help from both our parents - could be between £5k and £10k additional. We are…
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Flexible Benefit Allowance - Be Careful!
I had some great news from my broker this morning - I've been approved for a mortgage! However, it came after a very stressful few weeks which culminated in the lender reducing my mortgage offer by £13k and underwriters refusing to budge even when the BDM was spoken to. The broker even began to doubt our ability to get any…
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Self-Employed / Subcontractor - changing 'employers' before mortgage
Hi, My partner is self-employed in the construction industry and is paid via Hudsons Contract Services who are an agency. He has been contracted to the same 'employer' for 5-6 years, but has continued to be sent payslips by Hudsons. We are FTB's searching for a house at the moment and will be applying for a mortgage…
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PCP and mortgages
Hi there, My boyfriend and I are planning on getting a mortgage early next year, however my boyfriend currently pays £380 into a PCP on a car worth £25 000. I have asked him if he could swap his pcp so that he is paying less per month. He found a deal that he would pay £310 per month but on a car worth £37000. Will the…
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Transferring products during fix
Hi, wonder if anyone can help with this. I currently have HSBC 5 year fix with 16 months remaining on the deal. I want to move to a new rate with HSBC immediately - it will reduce monthly payments significantly even if I pay the Early Repayment Charge, provided I can get a better LTV valuation. Am I likely to be able to…
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Santander Repossession
I have had a mortgage with Santander on the same property since 2006. In 2015 I got into arrears by about £1,000. Santander got a repossession order in approximately June 2015. This was suspended because I repaid my arrears in full. Over the last 18 months or so I have accrued arrears again due to several personal issues -…
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Mortgage Advice
I'm currently 3 years into paying off my 26 year £77000 mortgage at an LTV of 51%. My current mortgage is with NatWest which is 5 year fixed at 3.09%, each year that passes the penalty drops by 1%. If I was to move my mortgage at this stage my penalty would be 2% of my outstanding balance (£1400). With new mortgage…
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Combined mortgage which to repay first
Hello everyone I do not post much but I do look at the MSE site a lot. Please can someone advise? I have a part repayment part interest only mortgage a legacy from having an endowment. I have been paying in extra with the odd lump sum. My building society has used it to pay off the repayment part. I thought it would have…
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FTB - Fee Saver?
Long time lurker, first time poster..and first time buyer! This may just be my ignorance but i've done a bit of research and haven't came up with an answer quite yet. The plan is to go and see a mortgage adviser a little bit closer to the time (have one lined up, but it's too soon yet when the handover date for the new…
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Why would a bank cut tracker or fixed rates?
Could anyone tell me why a bank would reduce tracker or fixed mortgage rates when a Bank of England decision to reduce the base rate is not expected? Thanks!
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Help with lots of conflicting mortgage advice!
Hi - hoping someone with some experience can help me with out current mortgage situation. We sold our property at the end of March, didn't expect to sell it as quickly but we had a cash buyer and she offered asking price within 3 days so we snapped her hand off. We stood to make 27 thousand on the house sale with the view…
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When is it better to overpay on the mortgage?
Hi all, When is it better to overpay on the mortgage? When the rates are high or low? Let's say I have £30k which can go into overpayments, the saving accounts are offering 1% and my mortgage rate is 1.99% right now. When is a good time to over pay?
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Halifax online agreement in principle
Hi, I just wanted to enquire what information is required for an online agreement in principle from Halifax for an individual that is self employed.
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Commercial Mortgage 25% deposit
Hi All, I am new to this and was wondering if some one can give me some well sought advice. I have followed this site for a while and have seen some interesting solutions to problems. I am thinking about the future now. I want to buy a commercial property which consists of a retail unit leased out for 1 years and a first…
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credit after completion
Was previously mentioned that Leeds rechecks your credit profile on completion, however there is no check showing for this. Does anyone know if they will do one a week later? Also if / when it is ok to use credit card again? Would only be a balance on it for 2 months, couch doesn't fit in living room at all, so need new…
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Do I pay credit cards before application for Mortgage?
I have outstanding credit cards on 0% interest, so I'm only paying the actual amount. They will be clear in Feb 2018 when the deals end. Thinking of moving house as husband now has a job. Do I save his wages each month for extra deposit. (We have around 25k equity in house) or do I use the money to clear credit card loans…
