-
Change of circustances after mortgage offer
I had my mortgage offer through yesterday from the TSB. I am a FTB and my pay increase (due in August) was used to get this offer. My employers signed a letter to prove this BUT today I have found out that it looks like all wages will be frozen with no increases this year. I am now £490 down a year :( I am due to sign…
-
Buying a house converted into 2 flats
Hi everyone, I am currently in the process of trying to purchase a house converted into 2 flats, under one freehold. I want to revert the property back into a house, however from speaking to a mortgage broker, mortgage lenders are generally unlikely to lend the funds due to the risk I would leave as flats but on a…
-
Aldermore mortgage timescale?
Hi Very anxious FTB here.. This has probably been covered lots of times but the only threads I can find are really old so apologies. Timeline as follows: 01/06 Full Application submitted to Aldermore 13/06 Broker emailed to say all was moving along nicely and valuation was being carried out that day. 13/06 returned DD…
-
Remortgage with ERC or additional borrowing?
OK so my fault I should have spoken to a broker first! Quick questions if anyone is able to do the maths for me I'd really appreciate it. Current mortgage: £185,000 outstanding 3.39% £1105pm 19 years left ERC @ 4% £7402 (3% from 1 Sep 17, 0% from 1 Sep 18) New mortgage: £231,000 1.69% £944 pm 25 years (would look to…
-
Halifax don't want paperwork?
We have a credit card that has a small amount on (around £400) it's on our mortgage offer to be paid but I called Halifax to assertain when it needs to be paid by and they said they don't need any paperwork so it's not neccisary to pay it back quickly I want to clear it anyway to start debt free but is this right? Seems…
-
Self employed or CIS ??
Hi My partner and I have recently started looking into buying our first home .. I've been self employed for over 10 years now but have been working for the same company for about 2 years and I have been sorting my own tax etc .. After seeing my mortgage advisor I was told just to get a years sa302 of accounts which was…
-
My House - Rent Out
Hi, Question hopefully I can be advised on. Just lost my buyer on my house. Trying to avoid losing my onward purchase at 360k. Is there any possibility I can rent my house out and continue to purchase my onward house - my finances detailed below; - 151k mortgage on existing home valued at 290k with rentable income within…
-
First Mortgage Payment Confusion
Hello Folks, Just a quick question, I have attempted getting my head round this probably simple idea but I am struggling and reading various ideas. We move into our new house on the 30th of June (this month), our mortgage is with Natwest, when and how is the first payment calculated? I have read about double first payment…
-
remortgage solicitor
Hello, I'm looking for a remortgage deal and a broker asked me if I've got a solicitor in place. Do I really need one ?! What a hassle talking to a broker as they have a lot of questions regarding the expenses and pushy with life insurance or other protection. Thanks
-
2 year Fix - when to start looking to remortgage?
Hi all, I know I'm being overly early in looking into this but I'd like your advice. We're still in the first year of our 2 year- fixed rate mortgage and are planning on remortgaging for a better deal when this ends. When should we start looking into our options / talking to brokers etc? I am well aware that I'm being…
-
Mortgage, Repossession, Bankruptcy...what now?
My ex-wife and I took out a mortgage in 2007. Unfortunately, as a result of the economic situation at that time, and the employment situation where we were, we slipped into arrears, and subsequently at the end of 2010 the house was repossessed. It was then resold by the lenders, leaving us with an outstanding balance of…
-
Any way I can port my mortgage to another property i'm buying please?
Hi all. I'm in the process of buying a new home before I've sold my old one. I know I shouldn't have and i'm certainly old enough to know better but the new one was never going to hang around and wait for me and its a dream plot that I never thought would come for sale... So that said. I have arranged finances for the new…
-
FTB Nationwide
Hi I posted before regarding this, wondering if we would get accepted with my partner being on a temp agency contract. We decided to go through a broker, nationwide have accepted our application and the house is marked as sold subject to contract. The survey and valuation is being done today. We have submitted bank…
-
AIP from Halifax then decline
Just working out how to plan. Gone through a broker who is also a friend for our mortgage, AIP agreed with Halifax. Has anyone then had a mortgage declined by halifax?
-
Lost Endowement
Long Story - Many years ago I suffered an extreme breakdown & spent a long time in hospital. I had an endowment mortgage but unfortunately I lost the house, it was repossessed by the bank - however, a family member persuaded the bank to take over the property on the grounds they sold it & repay the mortgage, which they…
-
2 Late Credit Card payments- Low LTV
So had some problems with Santander credit card in that on the credit card page it states I have my direct debit set up to pay it off in full each month. Through my own stupidity really once I got the first late payment letter, thought I had DD set up, I was unable to make the payment on my online banking to a technical…
-
Worth seeing Mortgage Adviser yet?
Hi, Looking at buying a house (hopefully this year!) with OH. We currently have around £22k in savings, looking at a £270-300k price range. So not quite there yet, but anticipating a gift from my parents when their house sale completes. I currently have approximately £7.5-8k in CC debt (idiot!) and earn 30k. The OH earns…
-
Is life insurance compulsory?
Hi, Just a quick one, I'm wondering is life insurance compulsory to get your mortgage? we have a mortgage application currently in process with Natwest. Thank you
-
Do I need to use lender's surveyor?
Hello, I'm applying for a mortgage through First Direct, and need to complete before the end of August. The mortgage valuation has been booked for almost 3 weeks time. This seems like far too long - we've only waited a week maximum previously. Can we request that the bank try a different surveyor? Kevin
-
Income replacement insurance & disability benefits
Hi all Wasn't sure whether to post this as a new thread or append to the one I created today. Me and my partner are looking to move house, aside from me having recently paid off a DMP (covered in my other thread), the other issue is around income. My salary accounts for around 70% of household income, the remainder is my…
