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Mortgage gifted deposit and money laundering
Hi all, I have been accepted for a mortgage and part of this is a gift from my parents of 25k. This has now gone to the solicitors and they are asking for proof of funds from my parents. My dad basically sold his car and sent me the proceeds. How much evidence will the solicitor need, will they just need to see the funds…
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Mortgage decline
Hi We have had a re mortgage decline due to high credit card debt. I kind of expected this so don’t want to try anywhere else and rack up more declines. My main concern is that we are on an interest only mortgage now and wanted to switch to a repayment before the interest rates rise. Do you think my current mortgage…
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Do we qualify for FTB products?
I have never owned a property before but my partner sold his first and only property 4 years ago. We have since been in rented, saving and looking to buy our first home soon. Would we qualify for FTB products seeings as at least one of us is a FTB? Or would it differ depending on the lender?
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Mortgage advice - breaking even
Hi, I’ve got an appointment tomorrow with the mortgage advisor from my esisiting mortgage company (Skipton. I’m looking at topping up my mortgage in order to buy a bigger more expensive house (would be borrowing an extra £18,000) and utilising Help to Buy for 20%. Equity I’ve got is £80k. Earn £35k + £3k bonus/overtime Ive…
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switching mortgage while still in minimum term
Hi folks, I'm trying to do some pre-analysis in case of interest rate hikes. I'm on a tracker mortgage at the moment. The product I'm on has no early repayment charges and a £65 redemption charge. If I end up switching to another supplier - factoring in all costs of course, it sounds like I'd only be liable for the £65 if…
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Remortgage in 1 day?
Our 5yr fix ends on 30 April which means that we'd be able to lock in a rate for a new fixed rate mortgage from 1 November, for those lenders who let you lock in a rate 6 months in advance. But an interest rate rise announcement is expected on 2 November! I appreciate that remortgaging can be a lengthy process subject to…
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Arrears
Hello, So I already have a mortgage with Nationwide and I am in arrears of £1500 which I know seems small. However I can only afford to pay off £25 pcm at a stretch. They have now asked my to do an affordability form again. I am worried that they will think that I cannot pay off the remainder of the mortgage/arrears and…
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Mortgage Offer expired between exchange and completion
Hi all My partner and I are due to complete on a new build, 'Help to Buy' property. A quick timeline: * We were given a completion window of September / October (that the developers have kept to) * We received mortgage offers in March, April and June (my partner is on a zero-hours NHS contract and is starting a small…
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Remortage a house ive inherited
Hello! I need some advice, i've rang my bank a few times and the person I need to speak to it on holiday. Basically, My nan passed away and has left me her house. No mortage. She has left the house soley to me. DH and I have been for a preliminary? Remortage app and we can lend £80k to 'do it up'. Probate has gone through.…
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Panicking! can no longer get a mortgage for the amount we need
Hi all we have a mortgage with Natwest which we have had for the last 3.5 years. I was looking today to see what the rates are at the moment as I want to be able to (hopefully) lock in a new deal before the interest rates rise. HOWEVER. we have built up some extra debt since we last applied for a mortgage and now loan…
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New mortgage swop credit cards to 1 loan?
I am looking at a new mortgage and ive been advised that I should get a loan. I have a credit score of 559 nothing adverse or past issues at all. I am employed and have 10k in credit card debt and 8.5k on a loan and 1.8k on an overdraft. If I am get an unsecured loan now for 20k the repayments are £211.98 per month over 10…
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Overseas gifted deposit advice
Hi guys, I'm currently living in the UK, family is living back in Egypt. I'm planning to buy a house with my partner here. I have just about enough in my bank account to cover for the deposit. But dad wanted to gift me about 10k to help with the rest of the expenses (stamp duty, solicitor and such) and for buying…
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Mis sold endowment.
We had an endowment to cover a £50,000 mortgage and as with everyone else was told the endowment wouldn’t cover the mortgage. We transferred our mortgage to repayment and cashed in the endowment and only just got what we had paid in back. We tried to make a claim through the mis-sold and was told no so it went to the…
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What are the chances of this?
What’s the chances of getting a mortgage with this House price £450k Help to buy £133500 Mortgage amount £33750 Applicant 1 Self employed for 6 years net profit £50k £7000 on credit card £5000 left on loan £270 car payment Good credit history Applicant 2 Employed full time Basic £18000 Commission £18000 (always get it…
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Mortgage delay, is there a regulating body?...
Hi, we are in a complex situation but now find ourselves with a mortgage offer on a let to buy mortgage & a normal mortgage on the property we are buying (which was arranged some time ago). The company we are with have really messed us around & insist on a 4 day turn around for every query. We have gone through a broker &…
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Mis sold
Is it to late to claim a mis sold endowment. We only just realised we were sold one and the 4 years later our mortgage was calculated to a repayment
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Remortgaging / new current account
Hi, I don't know if anyone has any insight in to this .... My current 2 year fix expires in January and I'm looking to remortgage ASAP - can do this 90 days early, so within the next couple of weeks hopefully. I'll be staying with the same lender - for a variety of reasons (not least that they're actually very…
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URGENT, advice needed
Need advice!! We have exchanged contracts on the sale of our house with our conveyancer and any deposits have been passed up the chain. We are using a separate solicitor for the purchase of our new build property and they have passed the deposit up the chain to Bellway. Today we received an email from our conveyance…
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Mortgage with no deposit
Just looking to see if anyone has any advice or experience re getting a mortgage with zero deposit. My circumstances are that I am renting and have no real way of saving for a deposit. I earn £42k per annum and have no debt. I have no bad financial history having never missed any payments for anything etc. If i were to buy…
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Mortgage application and credit card debt
Hi, I’m hopefully about to take my first step onto the property ladder, I have an agreement in principle and I’ve had an offer accepted on a property. I’m wondering if anyone can anticipate any problems with my circumstances as below. I have credit card debt of just over £10,000. This was over £17k just under two years ago…
