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Mortgage
Hello everyone I've recently made a mortgage application and I went in for a agreement in principle I was told at the meeting I can borrow up to 86k so I proceeded to looking for properties that I can afford I found a property and made a full mortgage application and was rejected which I think can happen what absolutely…
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Buying from family
Hi all, me and my other half are planning on buying our late grandfather’s house. It currently belongs to mother in law who thinks it’s a great idea so we have confirmation that we can have it. We are first time buyers so will need a mortgage of some sort and advise on how things work. What is the minimum extra cost of…
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trickery of estate agents and mortgage brokers: cash only property due to "cement cancer"
I am urgently seeking help and I apologise if I am contacting the wrong thread, in which case I would kindly ask that you point me in the right direction, please, as I am struggling to understand whom to address myself to. I was about to buy a high-rise flat ex-council (ex right to buy) in Islington until someone in this…
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How common is it for mortages to be declined when you have an agreement in principle?
We are with a broker and have an AIP. Submitted an offer on a house and it was accepted. Now we're worrying our socks off that the the mortgage will be declined. How common is this when you have an AIP? The mortgage product is with Leeds Building Society.
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Part PAYE, part self employed mortgage - is it even possible?!
Hi all, I work in TV and have always been in contract based employment. Until October last year, I was PAYE employed by a variety of companies, normally for between 3 and 6 months per contract. In October last year, I was promoted to a better job title and changed to self employed (what used to be called Schedule D) I’m…
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Affordability calculators
Hi, Do the online mortgage affordability calculators reflect the lending criteria of the bank/building society in terms of debt to income etc. We are considering completing a DIP for Halifax. We want to borrow 175k over 25 years to purchase a property in the region of 300K. We have 50k of unsecured debt consting £1250 per…
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Moving Home as a Couple
Hi All, I'm looking for some advice on what to do with regards to moving home with my partner - apologies if this isn't the right place to be posting! My partner and I both have our own properties. We live in her house, which she is technically mortgage-free on, but has an informal arrangement to pay her parents back on a…
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Adverse Broker fees
Hi There. Are there any brokers for adverse mortgages on a fee free basis, (work on fee's from lenders) No missed payments in over two years, no overdraft usage, 5 defaults 4 years ago due to divorce and financial blip... from what I've looked at my best bet would be Kensington or Precise. Looking to get started ASAP.…
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Default found!
Hi, I hope someone can help! We are looking to but our first home and have found the perfect house, but we have just found out that my husband has a default from a store card that the thought was sorted years ago. We can fix it, but it will take 3 months! We have talked to family, and my mum has said that she is happy to…
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Mortgage with 2 defaults which are 2 years old
Hi there, I am looking for some advice/guidance here, I have 2 defaults on my credit file and both are 2 years and 1 month old, these defaults are with TescoBank and Barclays. We are now looking for a mortgage and am really confused if we will get accepted for a mortgage at 95% LTV. My wife has a clean credit file, I am in…
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Mortgage with one late payment on an impeccible history
Hi all, My girlfriend and I are looking at buying our first house. I went to see a mortgage advisor on Friday and she ran everything and commented that because i have been a long standing HSBC customer, with an HSBC advance account, they would be a good place to start. After running the comparison, a company called Direct…
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Right to buy with adverse credit
Hi everyone:) We are lucky enough to have our landlord take part in a right to buy pilot for the next 12 months. We are both hard working but with 4 dependants. We desperately want to try and grab this opportunity to finally get on the ladder ( we are both almost 40) we would only have to pay around £75k for the house and…
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Mild panic
Hi Do you think I could still get a mortgage under these circumstances ? Essentially, the decision in principle from the broker was 325k, based on our income, deposit, and a target house value of 415k. I now want to use a deposit of 150k and mortgage of 325k to buy a house with a value of 475k. Will that work pleeeeeease?…
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Is this a glimpse of hope
So after the long drawn out saga which I have posted on here a few times(sorry!!) there may be some hope at the end of the tunnel. We have been through quite a bit with our case and in HTB, selling a house, bad solicitor, not so good credit history, high debt and utilisation of it, application declines due to names…
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First mortgage payment
Hi Can anyone advise... We will be completing on the 17th August when will our first payment go out? Can we select a date or will it go out when we move in? Mortgage is with Natwest.
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Helping daughter buy a house
I've searched this part of the forum and can't find anything although I'm sure this issue has come up before. Daughter currently renting a flat. She is single, with newborn, currently on maternity leave and earns just under £20k. I've paid off my mortgage on a property worth around £250k. I don't have a huge amount of…
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Recommendations for Broker Services
Hi . looking for a good broker to manage a help to buy application into Precise Mortgages. Any recommendations? Thanks All
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New customer only - name and shame : Santander
So on the Santander website is a 5yr fix at 1.89% for remortgages. However as an existing customer looking to re mortgage the best rate is 1.99% - total cost difference £1500. Fees are the same even though obviously costs for Santander are higher for a new customer with valuation, legal etc. How is this justified?
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Available credit
Hi, I will be applying to remortgage by end of the year. I'm considering NatWest it First Direct. I bank with First Direct. Between me and other half we have a few credit card with good credit limits. We also have a few current accounts. Will that have an effect on my application? I have no debt on credit cards. Thanks
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Employer checks
Hello I have submitted my mortgage application with RBS. I am looking to borrow 45,000 with a 20,000 deposit. I have the agreement in principle. Yesterday they requested i upload online 3 months payslips and 3 months bank statements. I sent statements showing the deposit amount, and additional savings totallying around…