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Wage bonus factor on mortgage
Morning I am saving for my first house and looking to buy next year. I am saving my own money as well as putting into a help to buy ISA I opened last year. I am trying to work out how much I could lend from a mortgage company. However, it's difficult as my wage consists of a lot of bonus pay. Last year on my P60 I managed…
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New Job during Mortgage Offer
Hi everyone, Wondering if anyone had any advice regarding the title. We've applied for a mortgage and its approved and we've received our offer, however we're still waiting for all the legal documentation to be sorted. I've been asked to go interview for another job, which is a job I've wanted for a while and it has a…
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Mortgage - Joint Tenancy Question - Help
Hello! I have a quick question regarding buying a house utilising Joint Tenancy ownership. I understand the terms of Joint Tenancy regarding passing equity between parties in the event of death. However, to mitigate confusion in a situation where we split (we are un married), could we sign a Deed of Trust outlining the…
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Self Employed Morgage
Hi All I have been self employed for the last 5 years co-owned a company which had 8 people 4 staff profit every year but i have decided to leave that and work freelance. i looking to buy a house within next year with my partner that has full time job she is a teaching assistant i just wondering what the banks will be like…
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Reasons for Nationwide Payment Holiday
Does anyone know what reasons Nationwide allow mortgage payment holidays. I was rejected as I said my partner had made a career change and was doing adhoc work until they found a permanent position. They rejected me on the basis of "financial difficulty". It got me wondering than what they actually allow payment holidays…
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Larger mortgage deposit vs keep cash for renovations?
I would like to buy a property. In it's current condition, I can live in it, but would like to modernise it. I have some savings. Is it better to put as much down as a mortgage deposit (I am first time buyer), and then release equity in the property to modernise? Or to keep money back to modernise, and put less down as a…
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Re-Mortgaging with Family
Hello all, I'm just looking for some advice, what difference does it make if you are looking to remortgage a house on your own but you have other family members living in the house with you (such as a brother, his mrs and their 2 kids?) This isn't the case at the minute but is something that I may look at in future to…
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House Deposit & Gambling
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Mortgages, voters toll and mortgage advisors
Hi Recently moved back with my mum and I am now considering applying for my first mortgage. I totally forgot how behind the times northern Ireland is and it's takes near 2 months to get on the electoral register! I'm hoping to do my application in the next 2 weeks! I was wondering if anyone has been in the same situation?…
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Mortgage Exit\Sealing Fee
Hi Guys, I’ve had a RBS mortgage since 2005, I’m just costing remortgaging to another lender and on the original illustration from the time the fee is £225 am I right in saying I’ll still be charged this despite product switching numerous times and this fee not being shown on the consecutive illustrations? Phones been busy…
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Remortgaging Delay
Just a general query which I'm hoping someone may be able to help with. Our fixed term mortgage with the Halifax ends 30th September (i.e. just over a week away). thanks to our broker we have been able to switch to a new provider (Atom Bank) where the monthly payment is significantly lower (c. £150) than any retention…
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taking out residential mortgage to pay of BTL Mortgage
I currently have; Property A - £280,000 value with a £60k BTL mortgage on it Property B - Main residence, £350,000 value with no mortgage. I want to take out £60k mortgage on property B to pay off property A When filling in any forms it always asks about existing mortgages, but the whole idea is to get the new mortgage to…
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Credit cards
Hi, just wondered how lenders generally view credit cards for mortgage applications? I currently owe £2.5k, and intend to with my partner buy a house in the next few months. I have £3.5k in ISA save to buy and partner has about £6k saved? Is it better to pay the debt? Or have more of a deposit?
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Do they better the rates in branch that calculators give?
My fixed rate Lloyds BTL mortgage ends in November. Using the calculator on their site only comes up with one option and one rate. Do they better these rates if you make an appointment at a branch or will they only give the same rate the calculators says?
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Help to Buy
Hi - can anyone please tell me - if i already have a help to buy mortgage - am i allowed to take out a second buy to let mortgage on a second property? I have inherited some money and would like to buy a second property to rent out. Response very welcome!
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Precise Mortgages - Decision in Principle
Hi All My first post, my first mortgage. Long story short, previous poor credit rating, myself and wife. I have one default over two years ago. My wife has a fair few - all over two years ago. Application made via Broker for mortgage with Help to Buy - accepted in principle. Have put down deposit to secure new property and…
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Joint Mortgage One Name on Deeds
Me and my wife want to buy a house together.We are a same sex couple that married last year in Iceland but are both still Miss and haven't changed our names. We are living in my house which has less than 10k on the mortgage and am tied into this until next June 2018 on a ridiculous 5.99% but can't pay it off even though I…
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Equity From Sale
Hi there, I'm hoping one of you can help me. We are looking to sel our property and buy a more expensive, larger house. I unclear about how equity works. If we make a profit of £100k, do we have to put all of this into the new house? We would need a £50k deposit, which leaves us with £50k. Can we use this remaining money…
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Meridian Mortgages and Keepmoat Homes?
Anyone had any experience with these companies? I've found my dream home but after some research there's a lot of negative reviews. Any advice? http://www.mykeepmoathell.co.uk :(
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Virgin ONE Account Mortgage
I'm considering asking for a facility increase with them to cover some debt. Has anybody had any success with this, I know they put the clamps on it a while back. I have about £100k in equity and want £10k. Thanks.
