-
General overpayments question.
Hi people I'm coming to the end of a 5 year fixed deal with the Halifax at the end of the month. During this time I've been allowed to overpay a maximum of 10% a calender year and I have already done that for this calender year. Next month when it automatically changes to what I believe will be the standard variable rate…
-
5% deposit with default?
Does anyone know of any lenders that will entertain the following adverse credit: I have a CCJ - Registered in Jan 2014, satisfied same year. My partner has a default - Registered June 2015, satisfied the following year. The problem we are facing is that to do 5% we have been told by most lenders that my partner's default…
-
Evidence of paying off a credit card to support mortgage application
As part of our mortgage application we have been asked to provide evidence as to how we plan to clear our £5000 credit card debt before they will approve the mortgage. Let me make it clear that we have not been asked to actually clear them to zero, just how we plan to do it. Has anyone else been in this position?
-
Remortgaging Questions
Hi, My current fixed rate mortgage ends on the 30th September, so I'm looking to lock in a decent rate now by applying to remortgage with a different lender, starting on the 1st October. I don't know exactly how much I will owe on that date and my current lender claims they can't tell me until 2 months before my deal ends…
-
Porting mortgage declined
I have just had my request to port my mortgage with Nationwide declined although they have referred it to the underwriters to appeal the decision . They have declined based on my credit rating which is because I'm up to my limit on 3 credit cards. We are moving to a cheaper house that will free up a lump sum of £75000. All…
-
Santander Mortgage Advise
Hi, We have applied for a mortgage with Santander. We have a dip with them and have started the formal process. My husband and I have good credit score (his perfect 999) mine a 996 on money saving credit club. I have been asked to submit either my child tax credit letter or 3 months bank statements. Unfortunately I can't…
-
Mortgage Rate Ending - Refix or Offset?
Hi, My mortgage product is about to end and in a bit of a pickle of what to do due to a few circumstances. We currently owe £202k over another 22 years which is about to revert back to a SVR of 4.99% We are about to receive a substantial inheritance (more than the mortgage) and are also looking to move in the next 6-9…
-
Working through a LTD company - mortgage application?
Hello, My Spouse and I both work through our LTD company. We take a salary from the company of £8000. Then the rest in dividends after the LTD company has paid expenses and corporation tax. If we were to apply for a mortgage, how would our income be calculated? Would they just look at the salary and the dividends? Or would…
-
Mortgage Guarantor
Hi there, I am looking to purchase a property after splitting up with my ex. Regrettably my credit score is poor and I am concerned this will reduce my chances of getting a mortgage or at least getting a mortgage at a good rate. My grandparents have said they would be guarantors, however being in their 80's i'd imagine…
-
Mortgage for a freehold flat .
Hi, I am renting for the past years a freehold flat and I decided that is time to go forward on the property ladder. Can i get a mortgage for a freehold flat as a first time buyer because I’m intending to make an offer to my landlord ? If no, why ? Regards,
-
Simultaneous mortgage applications
Hi, We've applied to Nationwide for a mortgage, however the application keeps having to be sent back to the underwriters due to numerous mistakes, and each time this incurs a 2-3 day delay. We're concerned that we may end up being rejected at the end of all this, but will have waited over a month to find this out. Is there…
-
Mortgage while on maternity
Hi guys Quick one. Anyone know any lenders that give mortgages based on your salary when you'll return to work when you're one maternity leave. Wife goes back full time in October but is now on statutory (which we are just managing on) With the new addition I'm very keen on moving sooner rather than later to be closer to…
-
Is it worth cycling a two year fix at 80% LTV
Hi, I am wondering whether to continue to keep doing two year fixes with my mortgage given rate rises or take out a 5yr plan. I will no doubt dropt LTV every two years at 5% (currently 80%) thus get a better rate then fix maybe for long term. I don't want to fix for five years at 80% LTV then miss out on say 65-70% LTV…
-
Costs of Buying and Selling
I know this may be a silly question, and has probably already been answered at some point, so sorry for that. My partner owns the house we live in, but we want to move to a bigger place. We’ve been told conflicting things about how much everything costs, but so far as I can gather, it’ll cost us about £5000 to move. My…
-
Signed to have work carried out after completion
Hi, I’m not sure if this is the correct part of the forum to be posting but here goes! We’ve recently completed on our first home !!!128522; Prior to completion we had to sign a letter which stated that we would have damp proofing carried out within 3 months of completion. During the lenders valuation “rising damp was…
-
Halifax remortgage.
Few weeks i asked advice regards remortgage and waiting until defaults come off credit file...obviously its worth waiting until they come off sep/oct time. Popped into Halifax other day and lady at counter did ask regards mortgage and i explained i was looking at doing it in september...mortgage advisor come over and said…
-
Higher rate SDLT if separated but BOTH buying new?
As above, We are separated pending divorce. We have sold the FMH and both renting. If we both now buy, presumably although we both have an "interest" in each others properties due to still being legally married, we are not listed on the deeds and therefore the one who buys 2nd is not liable to higher rate SDLT?
-
Inc payments to loan or credit card
Hey, I will be looking to remortage next year. I have a loan which I am paying off and some 0% credit cards which I am also clearing. I won't however be able to clear both by the time I remortage. In terms of being accepted for a mortgage and getting accepted for a larger amount would I be best to pay an extra 500 a month…
-
Mortgage over payment.
Hi, My mortgage is with the Halifax. If I made a regular over payment from a different bank account that my mortgage is paid from, would it be a standing order or a direct debit? Thank
-
Is there any way we can move?
Hello, I am currently a supply teacher (have been since Jan) and my partner works full-time (perm). I am hoping to start a PhD (no stipend) in September, and teach 20 hours per week on the side. We are currently two years into our 5 year fixed rate mortgage and are wondering if there’s any way we would be able to move so…
