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"Material Change" - Mortgage App Disappointment
Hello, I wondered if anyone could help advise me. I had a mortgage application approved by Halifax in December and the most they could lend me was £142,500 at 1.9%. The property I was planning to purchase fell through at the weekend (this was my fault - we pulled out due to constant changes in the chain and no exchange…
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Mortgage Declined
Hi All, Part rant, part advice seeking. We are FTB, 90% LTV, and applying for mortgage through a broker. Broker says our affordability is fine. Partner has a clear credit score, I have one default of £50 five years ago. We applied for the mortgage 4 weeks ago. We found out today that the mortgage has been declined by the…
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remortgage - best completion date
Hello. I have a Halifax mortgage tied to a fix rate until end of July. I'm remortgaging to Barclays - I've already received the mortgage offer which is valid until the end of August. The Halifax ERC expiry date is 31 July and I usually make the Halifax mortgage payments on the 1st of each month. Is it possible to complete…
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NatWest valuation
So my mortgage broker has ported my mortgage offer from a property sale that fell through to a new one last week, I paid the new valuation fee Monday. My broker emailed today to say the valuation still hasn’t been booked but they will keep chasing. Is this normal? When we first applied it was booked the same day and done 3…
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Building Society changed their preferred endowment provider. Did it cost me?
When we first took out our mortgage in 1986 with Halifax, they automatically used Sun Alliance (one of the worst performers) as the endowment provider. A few years later they changed their provider. I believe my endowment policy didn’t perform as well as expected because of this change. As a major mortgage provider they…
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Is my broker being pushy?
Have recently started an application through a broker and I feel I am being leaned on a bit. He claims the mortgage market is 'mad at the moment' and lenders are 'pulling' products and he fears if I don't complete application in next few days the product will not available. Is this just being pushy or is this happening at…
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2 jobs and mortgage
Hey all I have(will be having) 2 jobs Sunday-thursday 2 days one job 3 days the other job I was wondering when getting a mortgage do they take both jobs into account the total annual income for both jobs to decide how much they will be lending? Thanks
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Changing Career
Good Morning All So I'm currently considering a career change but I have a mortgage which is around £600 a month plus bills and all the usual. My monthly payments total around 692 (split between me and my partner) however with the career change i would make, i would most likely have to drop down to around £150 p/w for the…
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Help to buy isa spouse visa
Hi I have recently discovered on this forum that my husband who is on a spouse visa is eligible for help to buy as the equity loan is something that will be paid back and is therefore not classed as a public fund. My question now is would he be able to open a help to buy isa as the government bonus would not be paid back…
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Equity release charge to end contract £100000
Hi my mum took out an equity release mortgage in 2000 without my knowledge when my dad was terminally ill for 80000. She now wants to downsize as is unable to look after the property and pay off the equity loan she is now 75. The company have said the equity to pay back is now £400000 and the redemption fee is £100,000!…
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Exchange and completion dates
Wonder if anyone can offer advice so I am not barking up the wrong tree with my solicitor and buyer of our home. We have just received word from our solicitor that our contract fir the sale of our house have been sent out last night so should be with us to sign this week and back with them by Monday from our side anyway.…
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Best way to find whole of market broker
What’s the best way to do this please?
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Aldermore decision?
Hello All, this is my first thread that I have started so bare with me :) Having previous credit issues I have ended up applying as a FTB to Aldermore. My MA has said that the application process can take 6 weeks can anyone please clarify if this is the case? I’m not sure my poor heart can take it! Many thanks
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Overpayment Error
Hi all, Thank you for looking, please advise if you can.. Wife's remaining 70,000 mortgage was ending so she remortgaged with the same firm (Nationwide). Previously had GBP 500 per month overpayment set up monthly and ongoing - reducing the term. In the last month (March) she was able to overpay without penalty, so…
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Group mortgage
Hi all is it possible to get a group mortgage for four people...me and my partner live with our two sons and we all work fulltime..if so can it be based on all of our incomes.. our house is coming up soon for RTB and we all wanna jump in and buy and pay for it so the kids are sorted in the future...me and my partner are in…
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Mortgage self employed
I am self employed, have been for 12 years. I sold my house and went into rented to get my child into a good school. Have 30k from equity. Wife has been ill so year end 2018 is 25K but four years before were low, 11K and 15k. Wife gets ESA support group for long term illness and PIP 6420 a year. Also child benefit 1157.…
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Mortgage broker lied about meeting us
We applied for a mortgage with Skipton at the beginning of March. It’s been taking an interminably long time as they keep coming back asking for extra documents. It turns out we’ve been selected for a random audit. We applied through a broker so everything has been going through him. So today when we had missed calls from…
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Homebuyers report results
Hello, I have received survey results recently. I have put some interesting point into links below: https://ibb.co/krXUWc https://ibb.co/eZQirc https://ibb.co/mZEXjx https://ibb.co/bFQuxH https://ibb.co/cgtgcH Does anyone know if those are something which I supposed to be worry or those are like standard things to do in…
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New mortgage advice?
I split from an ex in 2010 and went bankrupt at this time. My ex carried on paying the mortgage up until she had passed away in March 2015, my name was still on the mortgage as I could not afford to pay her off at the time due to my BR. So the mortgage had defaulted and whilst I was not liable for the mortgage as it was…
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mortgage following a period of unemployment
Hi everyone. Following a 16month break from working (for traveling and personal reasons) I have just got a new full time job and my partner and I will be looking to buy our own home again. I’m worried this gap in my employment will effect my chances at gaining a mortgage? I have had a mortgage previously and never had any…
