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First time buyer mortgage help!!
Hi all, Sorry to bother you but wondering if I could have some advice/expertise. My situation ; - 24 yo, first time buyer. - Earning 40k - Offered accepted and buying a property 206k - Deposit of 51,500k - 75% LTV My problem ; I am stupid, decided to get a phone contract ( ee ) and was Initially going to go with…
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Looking into 0% deposit mortgage with credit card debt...!
Hi, A little background: my wife and I have around £12k of credit card debt (down from £16k in January :beer:) but it is all 0% interest. Our minimum payments total around £250 at the moment but we overpay and clear around £500/month. We are using about 30% of our total available credit. We have no overdrafts, loans or…
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Solar Panel lease and remortgage.
Just spent six months applying for a remortgage through Kensington for a buy to let everything going well until it come to completion. The buy to let has solar panels through A Shade Greener and a air space lease. Kensington wouldn't agree to the conditions of the lease. A Shade greener wouldn't agree to Kensingtons charge…
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Nationwide customer of 19 years - How good are they for mortgages? Switch accounts or not?
Hi I'm new to the forum and after some advice please. I'm a self employed contractor working in the City. I've been a customer of Nationwide for the past 19 years (account opened when I was a child) and continue to use it as my main Current account for bills etc. I have a large lump in savings with Nationwide, ready to buy…
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Broker heads up?
Hi. My husband and I are hoping to move house. We are going to use a broker but I just wondered if there were any brokers on here that could give us a heads up on our situation/how much we could borrow etc and if we will have a problem obtaining the mortgage. Combined salaries - £46k Monthly commitments - Car - £208, bank…
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Staircasing on HTB
Hi guys, Just in the midst of completing my first house purchase, and have been crunching numbers. Just wondered whether the below scenario have ever happened or if anything knows about anything of it? (lots of assumptions here, bear with me pls) So i've now taken a HTB equity loan of 20% for a new build, i've heard or…
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When do I send my supporting paperwork?
Dear all, I'm about to send off my mortgage application but the lender (Bank of Ireland) hasn't asked for any paperwork? (bank statements etc.) When I had the phone interview the banks adviser said I would need 3 months bank statements and payslips, should I send them with the mortgage application or do they go to the…
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Staircasing & Early Repayment Fee
Hi Forum Folk Some assistance please, I own 40% of a shared ownership property and have been told I can re-mortgage to anything between 80% - 100%. Unfortunately I am locked into a fixed rate mortgage (ends April 2020), a new mortgage will see me paying an extra £197 a month. The rent if I stay with existing mortgage will…
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Credit check anytime up until completion??
Hi I’m about to exchange contracts with persimmon. I have a formal mortgage offer with Nationwide. I was going to look at sofas on 0% interest free credit but I don’t think I am going to do this now as I didn’t realise Nationwide would credit check us again anytime up until completion. We don’t complete until December as…
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Precise mortgages - valuation stage
Hi there I'm wondering if anyone has any previous experience with precise mortgages? I'm more looking for help putting my mind at rest! I got an AIP with precise on 29/07 and have done a full app with them via mortgage broker on 03/08 with all information I could possibly think of - e.g. bank statements, payslips, p60, ID…
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First time buyer - looking for advice
Hey everyone, In the next few months i will be looking to hopefully buy my first house, i'm in a rather fortunate position that i have a pretty large deposit, which is handy as im looking to buy in London. I dont really have a clue what im doing though, im not sure of the best way to go about getting a mortgage. Does…
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mortgage declined
My mortgage broker has informed me that my mortgage was declined today, she has looked through my credit report and says it's due to a missed payment around 4 years ago. It's shown up as 1 1 1 2 2 so looks as though it's not been paid for 5 months, I now remember at the time I was struggling due to an unexpected bill…
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Bluestone Mortgages Valuation
Does anyone know how long it takes once valuation has been instructed to hear any more? Also does the mortgage offer them get made after valuation or are there any other steps?
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Remortgaging between Halifax and Lloyds
Hi there, I'm in the process of remortgaging. Because I moved house during the the fixed period, I happen to have a mortgage with two sub accounts, whose end dates are 6 months apart. We all know that most lenders will allow someone to remortgage with them with no ERC within 3 months of their fixed term expiring.…
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First time buyer - payday loan/DMP
I am looking to purchase a house however my financial past hasn't been the cleanest. Around 4/5 years ago I was on a DMP for about 6 months but then came off and cleared the debt. I have also had a fair few payday loans however nothing over the past year. My credit score has picked up and depending which report i use it…
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House Valuations
Looking to remortgage, and have spoke with current lender about current house value and they have given a figure....but not sure how they arrive at this figure.....is it worthwhile challenging the figure and getting house revalued? (Lender says its based on last survey price and date only) Looking on the web, i see several…
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Could a late/missed utility bill payment be an issue with a mortgage application?
I am looking to get a mortgage for a Shared Ownership property in the next 6 months and now I'm a little panicked as I remembered that I mistakenly a missed payment for a water bill in Feb this year. Basically Thames Water sends a bill twice a year and I paid my first bill on the phone last summer and then in Jan this year…
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Mortgage rate decisions
Hi, What's the opinion here for a fee free mortgage, in the current economic climate? Poll above. 2.10% 2 year fixed or the 2.39% 5 year fixed? Or neither, as I could do much better? All suggestions welcome. Dan
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Trussle - online mortgage broker
This is a feedback thread for online-only mortgage broker: Trussle Please share your experience with other MoneySavers. Click reply to take part: - Was completing the online form easy (and quick)? - Were you happy with the results returned? - Was the process from start to finish smooth, or did you experience problems? The…
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Broker changed information - Mortgage now declined
Hello, My husband and I recently had an offer of mortgage from Natwest but queried both the deposit amount and interest rate on it with our broker as we wondered why it was different to what we had initially thought was being applied for. He stated he would be able to get us closer to what we wanted and we were happy to…
