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Mortgage Application - Only 1 payslip requested
Hi Apologies if this has already been covered in another thread (some direction if it has would be much appreciated please)! My partner and I have just applied to Nationwide for an FTB mortgage. We got the DIP no problem and Nationwide have booked a valuation. So far the only single document they have requested is my…
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Non traditional build
Hello, Can anyone shed any light on whether ‘non traditional construction namely wilson hollow block which has been externally insulated and rendered’ has any effect on applying for a mortgage? I am struggling to find any info ln wilson hollow block online - unless im trying to buy it in bulk:mad: Thanks
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AIP dos requested.
I have agreement with nationwide, on the AIP it asked for latest mortgage to be sent in with full app. I thought they would ask for bank statements etc. When I phoned the advisor said these days they don't always ask for many documents?
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disagreed with mortgage product advice
hi all just thought I'd share my little tale about which mortgage product an advisor recommended and why I disagreed with the advice. I'm currently porting my mortgage from a sale and need to borrow more. But we can ignore the port and just pretend the new place I'm buying costs £214,000. So I contacted my bank and decided…
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Help 2 Buy Available For A LTD Company Contractor?
I am a ltd company self employed contractor. I have not been contracting for 2 years yet but i have a decision in principal from Halifax for a 90% LTV mortgage. This was done through a broker. I was not aware that the help to buy scheme was not only for first time buyers. Is this something that would be available to me as…
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Too many properties?
Advice needed please- My wife and I have lived in our existing property for 20 years. 15 years ago we purchased a flat for my mother to live following a difficult divorce. This property was a cash purchase and has never been mortgaged. My mother still lives there. Around 5 years ago my wife and I purchased another property…
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Getting Out of Mortgage?
Split with my wife 10 years ago,she agreed shed take me off our joint mortgage asap.However 10 years on and im still on there. Spoke to the Chelsea building society about a transfer of equity but my ex has to initiate that and she wont do it...just being awkward. She has been on interest only for the whole 10 years and the…
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Using Equity to Pay Off Mortgage
Hello All This may or may not be a daft question but I've been going round in circles looking for an answer. Essentially I am looking to understand whether it is possible to use the increase in the value of my house to pay off a large chunk of my mortgage. We've done a lot of work to our house and had it valued at £75k…
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Minimum borrowing amount for buy to let mortgages.
We have seen a property we're interested in which is listed for offers over £65,000,agent reckons we will be able to secure for under £70,000. We'd had a brief chat with our broker previously about potentially getting another BTL mortgage and she made all the right noises said with a 15% deposit there were plenty of…
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Finding a mortgage
How do you find a good mortgage broker / adviser?
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Halifax Mortgage Application
Hi Guys, Sorry to post this again - Did post in a thread the other day Wondering if anyone can put my mind at ease. Myself and my partner are buying our first house Went through a broker who recommended Halifax for the type of mortgage we wanted (FTB with 5% deposit on a £200,000 house) We got the agreement in principle…
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Moving house
My girlfriend and I currently live in shared ownership property and we are looking to move to another shared ownership property. We would be looking to just extend the mortgage we currently have (Newbury), would we need to put a deposit down for the new place as it is a mortgage extension? There is equity in our flat,…
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How does Overpaying effect Tax on Benefit in Kind
Hi All Wondering if anyone can help out with the above, since taking out my mortgage 18 months ago I have overpaid small amounts every month , but I can't work out if this just means I end up paying more tax? The P111D form is mind boggling, but it seems to boil down to some sort of calculation between money in , interest…
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Re-mortgage after divorce
Split from my ex and looking to buy her out of the mortgage. I'm keeping the house and not looking to sell. I've been advised by my bank that i need to obtain a couple house valuations. Any idea where I can obtain these from? I've notice purplebricks do a free one, but not sure if there's any small print or t&cs to be…
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Childcare paid pre tax-lender refuses!
2nd question of the day. Remortgaging from Nationwide to HSBC. My H and I both pay childcare pre tax, listed as a pre tax deduction on our payslips. 4 years ago Nationwide catergorically refused to allow us to use any figure on the application other than the billed figure, despite is being clear it was a pre tax…
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Remortgaging (HSBC) with home improvements - query
Hi We’re about to remortgage with HSBC DIP approved for £50k more than we want. Going through the form, and it’s asking for outstanding current mortgage balance. There’s a secondary box for a home owner loan. We were hoping to remortgage the lot together, so one set of fees. Do we put the total we want to borrow in the…
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mortgage advice
hi so this is my situation and i am looking for advice. my boyfriend has been told he will be eligible for a mortgage with skip ton at 5% rate after april 2018 due to his bankruptcy. i have 5 defaults from 2016 all outstanding and skipton have said they will consider me as well if i only have 2 defaults. if i pay these…
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Paid Off Credit Cards
I have paid off 3 credit cards in the last week. I then applied for nationwide mortgage on Friday, Broker said we would have to note the CC balances as they would still be on my credit report. Will a mortgage company look for evidence that balances are zero? how can I evidence this.
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re mortgage - should I do offset?
Hi everyone. Looking for some advice. not sure what is the best thing to do to try and money save. In a nutshell I have about 8 years remaining on my mortgage. currently with high street bank in standard variable rate of 4 %. I owe about 36k on the mortgage I have no other debt except credit card which is only usually paid…
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This could be a stupid question..?
Sorry in advance if this is a daft question, but I can't find a answer online... Were currently living in a rental property, which is currently valued at £165k. We can buy it for £140k... So my question is could I get a £140k mortgage, against at the £165k property, and not need to pay any deposit? Or will a lender want to…
