-
First time buyer - one with lower income
Hi all. My husband and I want to buy our own place. We live with my parents at present so we can save and have around 10k deposit so far (still saving). He earns more than I do, my income is low as I work for my families business I earn around 800 a month and he about 1300. Here (South west) houses seem to be around the…
-
Melton Mowbray SO mortgage
Hi, I applied for a Melton Mowbray BS shared ownership mortgage last week, sole application. DIP went through fine. Instructed solicitor etc.. does anybody know how long MBS take with applications. As i haven't heard anything since sending off application!
-
First Time Buyer
Hello, So I was just wondering if anyone had successfully got a mortgage with bad credit? My partner and I have found our dream house and have a 10% deposit, we have found a mortgage broker, by a family friends recommendation. Sounds pretty straight forward so far... the main issue is, I've got a default on my credit file…
-
ID Verification
Can't believe I'm even writing this as a thread. I am applying for a mortgage through Leeds BS, and my conveyancing solicitors are not local, nor are the estate agents. Obviously the conveyancing solicitors need an ID check. But this is where my problems started. I went into my local branch of HSBC, who I have banked with…
-
My re-mortgage experience & improvement advice
Dear all fellow members here, I just successfully re-mortgage from Halifax mortgage to HSBC mortgage today. Yes, the completion date is today. I would like to share my experience and mistake I made, so that this can serve as learning lesson to fellow MSE members so that not to make the same mistake, and also fellow MSE…
-
Changing name / mortgage application
Hi- I have recently got married & am in the process of changing all my documents from my maiden name to married name- so far I have only changed my passport & drivers licence. In the meantime I have managed to sell my house and put an offer in on a new one, I have an appointment to meet with a mortgage manager ( already…
-
Getting Mortgages if Ill
Do mortgage providers check your medical records when you are getting a mortgage? I can't remember if you have to declare a past illness, current illness or if you are being investigated for a illness? Thank you
-
Hoping to remortgage
Hi My salary is £55,000 and my wife earns £29,000 My house is valued at £250,000 and the remaining mortgage is £159 with 12.5 years remaining. I have £32k on 0% credit cards all with deals 2.2-4years. We have savings of £31k We would rather pay the cc down using the 0% but would like to remortgage as we are on a 3.9% deal…
-
Tesco remortgaged timescales
Hi First post for ages so bear with me as I go through a backstory. Basically ten years ago I took out on if those Northern Rock 'together' mortgages which was fine for me at the time. But the month after completion the credit crunch happened and the price of my property dropped to way below that of the balance owed -…
-
Lifetime Mortgage
Is a Lifetime Mortgage the proper way to plan your retirement.Reported figures show that in the first 6 months of this year 17,624 households reduced there holding in their property by an average of 71k.A grand total 1.246Billion Giving up almost 25% of your property should require much thought,particularly with regard to…
-
Mortgage and loan refusal
My husband applied for a mortgage with HSBC. The advisor said he couldn't see a problem with it. He was refused on the basis of his Experian report stating that he has had too many searches on his account. On checking he has 3 since June, 2 by HSBC and I by Sainsburys who also refused him with a joint application with his…
-
Mortgage Based on Operating Profit + Various Varieties
Hi all, Seeking some advice from a complicated mortgage requirement. My partner and I are buying a house together and have had our offer on the house we have found accepted. My partner has a house in her name which is mortgage free. Our plan is to rent the current profit as a longterm investment for our children. We want…
-
Mortgage Redemption Fees
My fixed rate mortgage comes to an end in September and I'm also in the process of moving. There have been issues along the way with the chain, and we're almost ready to exchange. When I thought I'd move in April or May, I was happy to incur the exit fee, however the closer I get, it's a bitter pill to swallow. Have been…
-
Mortgage Redemption
Hi, my partner is lending me the money to pay off my mortgage. I know that I have to get a mortgage redemption figure from Santander. Going to get this tomorrow. Do I need to get a solicitor to sort this out? I thought (perhaps stupidly) that it was a case of plaything the mortgage off and that being that. I live in…
-
Tax refund during mortgage application
Hello Currently in the process of buying a house. Mortgage offer has been made and everything with that is fine. Awaiting a date to exchange contracts and planning to complete at the end of next month. I've just received a tax rebate which is quite substantial and I've been advised that putting the cheque into my bank may…
-
Shared Ownership Mortgage
Hi All, I am looking for some advice. I currently have a shared ownership mortgage (co- Ownership in NI). I bought the house for £165000 so my mortgage is for £82500 and I rent the other 50% from co-ownership. I currently pay £444 per month for the mortgage and £190 per month for rent. I contavted my mortgage provider and…
-
halifax mortgage funds
I'm in the process of buying a property and want to finish this asap. Just wondering how long does halifax usually need to transfer the money to my solicitors account? My solicitor says 5 working days but I've read elsewhere that people are exchanging and completing on the same day.
-
Will applying for a new current account affect my credit score (app. for a mortgage)
Hello, sorry if this has been asked before, I did search but couldn't find anything. I will be applying for a mortgage this Summer. I understand that I shouldn't apply for a credit card or loan etc before applying for the mortgage as it may negatively affect my credit score. I just wanted to know if applying for a new…
-
Mortgage for the House with Mine shafts
Hello everyone, I am in the very stressful buying process as a FTB and I need honest advice from all members! I will try to explain the process step by step: 1- Agreed on 205,000 over purple bricks (PB) for a 3 bed detached in Middleton LS10 / Leeds 2- Turned out PB inflated the price as valuation came as just 190,000 3- I…
-
Find a mortgage broker
Hello, We are hoping to apply for a mortgage for our first home in about 6 months. We have had debt problems in the past but have cleared these and are now rebuilding our credit worthiness. Our credit files look clear - none of the old defaults are showing on there now and we don't have any recent missed payments or…
