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Cemap 1
Someone please help!!! :( I have been working on lettings in an estate agency for 3 years. I have just got a promotion to be a financial advisor so studying cemap. I have had to take 4 other exams for the products we sell. I took my cemap 1 today after having the study material for 10 days, and FAILED :( i am GUTTED!! I’m…
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First time buyers adverse credit and previous dmp! Help!
Hi Thanks for reading...so basically my husband whilst at university racked up about 12k worth of debt which at the time he was a student so couldn’t afford to keep up the repayments so he got a dmp with Vincent bond, and paid this off over 7 years, on the final year Vincent bond stopped trading and it was transferred over…
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Natwest DIP
Hi All, I have posted a few other topics around our situation with our Mortgage going forward but it seems a conversation with our broker has changed things and given a bit of light at the end of the tunnel as long as the tunnel does not collapse on us at the last stage. In summary we have adverse credit which is mostly 12…
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Advice Needed [First time buyer]
Hi all, Just looking for some advice if possible. My partner and I have agreed to buy our first home for £295,000, with a 10% deposit. Our mortgage would be £265,500. We've looked at deals and initially decided to do a 5 year fixed mortgage @ £1200 per month. We are able to pay back 10% without charge. Now, this is where I…
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Applying for a Mortgage: Difficult income situation
We have a bit of a different situation to most typical first time buyers and I have struggled to find information on the internet related to our exact situation, so I was hoping someone might be able to give some positive advice on how we might be able to afford out own place? Me (30) and my partner (35) are looking to buy…
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Selling property adjacent to commercial property
We bought our house in a very small Sheffield village in 2007. For work reasons we had to relocate to Manchester in 2013 and the house has been rented out since then. Our long term tenants are now in a position to buy the house which is perfect timing for all of us. However, Natwest have just declined their mortgage offer…
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First time buyer but high pre-existing loans
Hey, I am looking to purchase a flat and am not sure if it is even worth applying for a mortgage.I have £14000 outstanding on car. £19500 outstanding on personal loan. £4800 outstanding on 2 credit cards. My credit score is in the fair-good category. After budgeting for everything I have approx £700 disposable income which…
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Mortgage declined, how long should we wait
We are about to attend our mortgage application 'interview' next week and I'm fairly certain we are going to get rejected. It took nearly 2 weeks for the AIP to come back and looking at our accounts, they don't (IMO) look great at all. The Lender was really picky about what they would lend and originally wanted us to go…
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Remortgage for extension
Hi, My wife and I owe 75k on a mortgage that is solely in her name. Our house is valued at 165k and we would like to remortgage and release 50k for an extension. We have planning permission and a builder all ready to go. Now for the tricky part, my wife and I are teachers and she has returned from having a baby to work on…
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Completion date tomorrow but funds still not released!
Hi Everyone, I am losing faith in the house purchasing process. We were all ready to complete nine days ago but on the day our buyer had an issue with her mortgage so we unloaded the van and our house is filled with boxes. We had to pay to have the mortgage money returned to the bank.Then we were told Wednesday could be…
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Couple Mortgage with Large Deposit But elephant in the room
Hello all, I have recently come in to a large amount of money and am looking at buying a house with my partner. I have around £90k for a deposit and am looking at houses around the £300-£350k mark. We are both full time employed and have around 70k a year coming in as a couple...things looking good so far. however i have a…
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"Trussle"
Anyone else seen the adverts for this? Looks like its a basic online mortgage broker, doesnt seem to do anything you can't do yourself, but mayube a useful tool to confirm your thinking if your lookin at a new/re mortgage? https://trussle.com/
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Buying a house question
Hi We currently rent but would soon like to buy. We also own a house which we let out, what are the chances of buying a new home but using the equity in the existing home as our deposit, approx 50k? Do mortgage companies favour this sort of thing?
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Mortgage in Principle help
Hi All I just have a small enquiry about a Mortgage in Principle I have with the Nationwide. The mortgage in principle is for 128,000 80% LTV (so property price would be 160,000). We did this a few weeks ago for a property that went to best and final offers. ( We would not have done it had we known how many other offers…
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Neyber Loan
Hoping someone can give a bit of advice on the potentials benefits and risks of an option we have going forward. We are currently in the process of buying a new build house on the HTB scheme however even though we have reserved a property and our current house is about to exchange and complete we are delayed in applying…
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Mortgage options if one partner has credit history
I have recently paid off my DMP and am looking to get a mortgage with my wife. We each earn a decent salary with my wife earning significantly more than me, however because of my credit history, most mortgage lenders will only take my wife into account. Are there any options for the two of us to have a joint application,…
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Changing lender part way through conveyancing process
We are buying a house on a holiday let mortgage. All is going through in my name only. We have now found a much better deal, 1% cheaper, without the £1500 set up fee. My partner applied for this mortgage, and got formal acceptance yesterday. So the mortgage will be in his name only. I can't have this in my name as I…
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Homebuyers Survey - HELP !!!
Just had my homebuyers survey through and quite a few defects, I've listed below, should we proceed ? any help would be appreciated The roof is pitched and covered with plain clay tiles on a timber frame. There are loose and laminated tiles evident to all roof slopes. The roof covering is in poor condition. It is probably…
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Acquisition of equity and changing provider
My ex is buying me out of our house. We are no longer fixed into our current mortgage and they are obviously charging us to change the details on the mortgage. Does anyone know if it would be possible for him to swap privider on the day that the house legally transfers to him, to avoid these fees?
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Evidence of rental income
I own a property with my ex husband (both names on mortgage). The property is rented out but it is not a buy to let mortgage. I have remarried and am applying for a new mortgage. Natwest have requested evidence that the rental property is self funding and wish to see bank statements showing mortgage payments and rental…
