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Getting a mortgage with late payment? First time buyer
Me and my partner really want to have saved enough deposit and buy a house in march 2019. We were looking at our credit reports and we BOTH have a Early arrears/up to one month late payment in April 2015 from when he lost his job and really struggled. After looking on Experian my score is 880/999 and his 790/999 I'm…
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Buyers mortgage lender holding up sale - what to do?
We accepted an offer on our house in march, then had to wait for the buyers to get a deposit from the Army which took till July (we werent aware until of this until June when everything went to a standstill we started chasing why there was no more movement and were told they we waiting for deposit). They finally got the…
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Land Registry forms help!
Our late mother's will stipulated that her cash assets and half her house be placed in trust, with myself and my sister as trustees, leaving our Dad (who's terrible with money) owning half the house, living there as long as he needs to (as life tenant) and benefitting from any income (ie interest) from the trust. I've now…
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Qcas
Soooo, we took a chance and decided to let HSBC steer us to their own conveyancer and they allocated us to QCAS. Did a little research and found this: http://www.192.com/business/review/e967f6334ec042270cc2517dbbe6ab1932996752/comp/1/ So now my broker is arguing with HSBC (he's great) and we are just waiting to see whether…
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Mortgage benefits changed after offer accepted
Saw a broker about a remortgage. We were offered a deal with free legals, and cashback, but after the valuation came back slightly under what we needed, it was re-offered on a different deal with same lender which we were happy with. Broker told me verbally the free legals would still stand and the cashback is shown on the…
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Potentially two mortgages at the same time....how to deal with the bank
I live in a house (house 1) at the moment, solely owned by me. It has a remaining mortgage on a capital repayment basis. I got an in principle agreement based on the amount I can borrow (based on my salary and the next size up house I would like to buy). I have had an offer accepted and formally applied for the mortgage on…
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Do they check credit cards balances for an AIP?
We are going to apply for an agreement in principle with Halifax. We used an online mortgage broker and he suggested Halifax. I answered 'no' to do you have any credit cards, because although I have a few, there is nothing on them. DP has one with about £1k on but we are going to pay this off over the next few weeks so…
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Barclays Springboard - likelihood of mortgage offer?
My hubby and I are FTB and have recently applied for a Springboard mortgage with Barclays. We have had a credit search and received a decision in principle. Our full application was submitted on Tuesday of this week and Barclays have arranged a valuation next Monday. Is this positive and do we have a good likelihood of…
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Reduce deposit if vendor reduces house price?
Hi, current LTV is 85%. If vendor is agreeable to requested price reduction (survey issues) then if it takes us into a different LTV category can we simply reduce our deposit so we're then still within that 85% bracket or is it not as simple as that?
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Are there ever any completely straightforward mortgage applications?
I'm wondering if spending time on this forum is giving me a warped view of the difficulty of mortgage applications? Perhaps its just the people experiencing (or anticipating) problems with the process that post here? It would be really reassuring to hear from brokers or applicants who had smooth rides - particularly if…
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Taking bonus into account for mortgage purposes
My husband gets an annual bonus of at least £12k, which has been proven in his last 4 P60s. Santander were happy to take this into account for our AIP. However, at underwriters stage, they are refusing to include £8k of it, as he is given them in shares, which he can opt to sell or save. He always sells these shares…
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Melton Mowbray Mortgage advice
Hi, 👋🏻 Starting a new thread as I have mentioned this before but I have no online tracking available and have no clue how the Melton work of what order the process is? Any help Greatly appreciated. Had a call from The Melton on Tuesday to say my application is being processed, and that she will book my valuation. Today my…
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HSBC LTV increases 8% just before I enter re-mortgage phase...!
My 2 year fixed rate is expiring in October therefore I phoned HSBC a few weeks ago to talk about my choices, my LTV was 77%, and I found a 80% LTV mortgage that I was happy with. I was told to avoid the early repayment charges to wait until I enter the 90 day period before the expiry date of the fixed term. This period…
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First Time Buyers - Car Finance & Self Employed
Hi All, I have trawled the internet for some time, and have decided to write a post, as I cannot find any answers that satisfy me. My boyfriend and I, (both early 20s) are looking to purchase our first property around September 2018. We have a joint annual salary of £85k. I am happy to rent, but my boyfriend is adamant to…
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Under Valuation impacting LTV
We currently have an end terrace property that is conservatively value well in excess of £250,000 by a local estate agent. Another local estate agent is marketing a similar terraced (not end terrace) property for offers in excess of £290,000 (a bit OTT). The problem I have is that our current lender's index says that our…
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Residential mortgage with another mortgage on permission to let
Hello! Can anyone help? We have an existing residential mortgage that we rent out based on a permission to let from the Halifax. We lived in this house for 5 years before moving due to work. We doubt that we will move back into this house so as it stands we are simply renewing the permission to let annually ….if we ever…
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Lloyds - troubles with overpayments & term
I am currently on the phone to Lloyds Bank Mortgage department for the third time... I am making small regular overpayments to my Lloyds mortgage and have requested that these reduce the term of my mortgage rather than reduce the mothly payments. They don't seem to be able to do this though without trying to get me to have…
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First-time buyer converting to BtL
Hi all, This is a theoretical question, but it's a likely scenario in the near future for me so any advice would be appreciated! My girlfriend and I are planning on buying a flat in the next 2 years. The plan thereafter is to live in the property for a couple of years, building up our savings again, and then head off…
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Fees Vs No Fees Mortgages
Apologies, this might a very basic calculation and we got so muddled up looking at various calculators. Which of the following option to choose? Please help. Outstanding 158000 Term 21yrs left Capital Repayment Option 1: 1.79% for 5yrs and Fees £999 Option 2: 1.99% for 5yrs and Fees £0. Thank you
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MSE News: Lloyds, Halifax and Bank of Scotland to pay customers £283 million...
Almost 600,000 Lloyds, Halifax and Bank of Scotland customers who fell behind on their mortgage payments are in line for a payout totalling £283 million...Read the full story: 'Lloyds, Halifax and Bank of Scotland to pay customers £283 million compensation over mortgage arrears' Click reply below to discuss. If you haven’t…
