-
How many months of bank/credit card statements do I need for a mortgage application?
Thinking of doing another switch and a mini cull of credit cards. In the event I go ahead, how many months of statements will I need when applying for a mortgage?
-
Who will lend the most?
I realise that all will depend on the detail, but I am trying to get an idea of which lender might lend me the most. I am looking to move home in the next few months and would like to have a vague idea of what my budget might be before I go to a broker or lender formally. I will be a second-time buyer in London. I earn a…
-
Remortgage now but plan to rent out and move to a bigger place in the future
35 y/o M & F with two young children coming to end of the fixed term on our mortgage and would like to move to a bigger place in the next 3-5 years. Our current mortgage is fixed at 1.75% but will increase to 4.74% at the end of the term and our LTV is approx. 68%. Our current house is in a really good location and next to…
-
Fixing the last 5 years
I have a mortgage that ends in 5 yrs and 9 months. I am looking to fix it until the end of term cheaper than the Nationwide 2.5% SVR. Any thoughts?
-
Endowment policy ending this year
Hi, we have 2 policies due to mature this year. The first one is in May and the second September. Could anyone please tell me when we are likely to hear what the final settlement will be? I'm not entirely sure how it will work with our mortgage as we have 6 years to run on it and it's part repayment and part interest only.…
-
Paying off debts using equity on exchange
I'm a little confused on how I can do this. We're currently £33k in debt (slowly coming down and being transferred around to 0%cards). We are wanting to move this year and, if we sell for what we hope we can we'll have £100k equity for the debts and new house. But obviously we can't get a mortgage if we have these debts.…
-
Santander - omg!
Good evening - an outline. Bought this house with my daughter 2.5 years ago. 5 months ago we tied ourselves into another 2 year deal, she does not live with me as her circumstances changed and she lives 100 miles away. she wants to come off the mortgage to buy a house 100 miles away. I don't earn enough to have the house…
-
Would an underwriter question these direct debits?
We have one for £20.00 for 'Debit Finance' and one for £43.00 for '1st Central Finance' They aren't anything dodgy my daughters swimming lessons and our car insurance just worried they might look a bit suspect?
-
Wrong property value in AIP
Is it possible to put a slightly higher valuation in the full application from the AIP? Would this signal alarm bells or do they generally disregard the AIP once the full application has gone in? I'm slightly out from moving to the next LTV, about £10k, should have just said it's worth £250k instead of £240k, at least I'd…
-
Skipton
Hi, I did a joint application (Well my broker did) for me and my partner through Skipton and Halifax. We got declined and i assume its because of her credit (she had payday loans, defaults, unpaid loans etc etc) If we have been declined together does this mean that if i try on my own it will link to our dual application…
-
10% new build mortgage
Hi, Does anyone know any good mortgages that accept 10% deposit on a new build property. I am looking at a property worth £295995 and i have a £33000 deposit so about 12% (Bear with my maths). I have been told to try and get a 5% deposit contribution from the new build to make up a 15% deposit. But i want to see of a 10%…
-
remortgage with help to buy equity loan
Could anyone tell me which providers offer remortgage help to buy equity loan please? I know about Halifax, Leeds BS, Lloyds, are there any others? we are due for a renewal in March and wanted to know who else is offering remortgage HTB. Also I read somewhere that there is a quite big difference in rates between lenders?…
-
Tough choice I cant decide, but need to get a mortage soon
Hi all, My head is hurting at the moment, I am 33, looking to buy first property, I am on £45k salary, no dependants, im single, have around £23-24k ish in savings. I want to buy a 2 bed house of some sort around the south wales area. My goal was to buy a property on a normal fixed rate mortgage and put down a 10% deposit…
-
Preparing for adverse mortgage
Hi all Thanks in advance for any suggestions. We are to be putting in an application for an adverse credit mortgage in 3 months time. We have lenders that 'might' be willing to help. We are currently waiting for my first year of trade (self employed) to end before we apply. One of the things asked for is 3 month bank…
-
Remortgage or secure loan?
My wife and I are both 28 and own our current house outright at a value of £165K. We are looking to move and upsize to a house worth £255K and as we are planning to move before having permenant jobs secured (initial jobs will be temporary contacts) and an initial mortgage is not an option, my wife’s mother has offered to…
-
Can you turn a decline into an acceptance.
Hi. If you got turned down at underwriting stage for poor credit with a 15% deposit, is this final? Or can you go back and offer a 20% deposit or 25% deposit etc etc until they may possibly agree? Just a quick question really. If you get turns down at a late stage and have wasted weeks on waiting whether theirs anything…
-
Mortgage/Equity Release
About 30 years ago my Mum built an extension, basically a 2 bedroomed house, onto her house for me and my sons to move into. Planning at time wouldn’t allow for 2 separate properties so both parts are classed as one house. Sadly my Mum died last year and I have inherited the whole property. Our idea was that my son could…
-
Santander - ground rent query
Afternoon all, We've recently applied for a re-mortgage with Satander via a broker. AIP all went swimmingly and they've accepted our proof of income, etc. but they are questioning our ground rent expenditure. Our ground rent is peppercorn, so we don't pay anything per month/year. Our broker spoke to their admin team and…
-
Mortgage + Credit History
Hi all, I'm after a little bit of advice. Me and my partner are looking to get a mortgage this year. We have an £100k deposit and are looking at properties around the £300k mark with a joint income of £50k, so hopefully all good from that side of things. Now the iffy bit. We went travelling for around 5 months and came…
-
what should she do?
Hi guys, I am posting this one on behalf of a one of my best friends. So she purchased a house many years ago on a residential mortgage. Over the years her circumstances changed and she had to move away and out of the house. She decided to rent it out and has been doing so for a few years, what she didn't realise until…
