-
Do I stand a chance of getting a mortgage?
Hi I’m just wondering if I’m dreaming and need a dose of reality. I am seriously considering making the move to owning my own home after renting. I have a good job and my finances are now on track but that hasn’t always been the case. I’ve checked my credit files and all loans and credit card payments show as OK going back…
-
First Time Buyer - Mortgage Credit Checks
Hi all, First time buyers here! A couple of weeks ago, our broker submitted application for a mortgage, the DIP came back positive, and on Monday of last week, the offer was put to us and we approved it. I spoke to my lender today (my broker's not very approachable...) to find what stage everything was at, and they advised…
-
Bellway Homes - New Homes reference problem
In the process of trying to reserve a Bellway Homes house from plan. Bellway, fairly or unfairly require you to be "approved" by their broker, new homes mortgage helpline. NHMH cannot place me and my partner with a lender due to our circumstances, the problems being my partners credit combined with the fact she has just…
-
Mortgage application referred-what next?
Hi, I have just applied for a mortgage in principle. I was shocked to be told that the lender was not in a position to give a decision, and the application will be referred. Really shocked. I am going through a divorce and the matrimonial home is in the process of being sold. The house I want to make an offer on is for…
-
2nd mortgage
I currently have a mortgage with £62,000 left to repay, house value is roughly £300,000 I am only working part time due to an operation and have moved in with my parents and rented my house out, I would say my annul net income is £20,000 I was wondering how much I would be able to borrow to purchase a second house? Could I…
-
Paid off my previous mortgage but now need a new one ?
I paid off my previous mortgage a few years and now fully own my current home valued at a modest £90,000 approximately. I now wish to move into a larger property in the range of £150,000 to £200,000 so need a new mortgage to cover. I have at least £25,000 in cash to put down for a deposit. Where do I start ? Am I classed…
-
Fixed Term vs Variable Rate
Hi everyone, Me and my partner have found our dream home, everthingbwas going amazing however we have been rejected by two lenders in two days for a mortgage :eek:! We have been using a mortgage broker and the situation was very clear.. affordability wise we are fine, we have a 10% deposit and credit ratings are all fine..…
-
"Reassessed application" - please advise
My friends are due to complete on Monday. Yesterday their mortgage lender Barclays said they have to reassess the application due to an admin error on the CML form (completed by vendor's sols). One form said ground rent zero, the later one £200. Obviously, it won't be a nice weekend now, but anyone been in a similar boat…
-
Shared ownership Mortgage as self employed
So my other half and I are looking to buy a house. We are looking into shared ownership a 2 bedroom house, hoping to be able to staircase to 100% when I finish uni. I'm still in uni studying pharmacy and he's just finished his teaching degree (currently still on "trainee teacher" salary until all paperwork is processed.…
-
Endowment matures
Because my wife & I are of a certain age, we find ourselves in the very fortunate position whereby our endowment policy is about to mature (next month) and this will finally pay off our mortgage... hooray!!! The Prudential intend to send us a cheque “soon after the maturity date”. Now this may seem trivial, but that will…
-
Remortgaging a ported mortgage and which one to over pay?
Hello, Wondering if anyone could please shed some light on this for me...getting myself a bit confused with it all! Partner currently has two mortgage products on his home with Nationwide, 97k for initial mortgage and additional 7k he had to take out when he and his ex broke up. Both are fixed at 1.69% until Dec 2019. We…
-
Hire purchases and nursery fees
Hi everyone. Just got a question regarding the "Outgoings" section on some mortgage applications (or agreement in principle ones). There are usually two questions on the Outgoings section, on the lines of: Monthly payments for personal loans or hire purchases? What are your monthly childcare costs? For the first question…
-
Mortgage Review - What to do!!
Hi people! First post so be kind!:) We're planning on getting professional advice but just thought I'd post to see if anyone has any thoughts or advice they could offer. We currently have £142k left to pay on our mortgage for our house. We have 9 years 3 months remaining. This is comprised of £56k - 3.24% Lifetime Tracker…
-
Natwest Offer
Had Valuation done this morning, Showed on tracker at 5.01pm that they have the report, I am so impatient lol do they work on a Sat or are we likely to be waiting till Monday now :(
-
Estranged husband not paying mortgage
Hi all, just after some advice. My husband and I split two years ago. I left him and took our kids as he refused to leave the marital home. I’m renting and paying all costs associated with the kids as he isn’t paying towards them. Long story short, he’s missed two months mortgage payments and a second charge mortgage (I…
-
Mortgage advice please!
Hi there, looking for advice please. I am applying for a mortgage on my own. I have 2 dependent children. I earned just over £33,000 per year & £5300 per year between child benefit & maintenance payments. I am a 1st time buyer & was looking to do help to buy with persimmon. I have a deposit. Spoke with the mortgage broker…
-
Mortgage Increase After Rate Rise
When will I find out what my payment will be next month? Nationwide sent me a text saying I would be affected and contacted, but I've not had a letter yet (although I have had the letter reducing my payment as I overpaid by £500 this month).
-
Electoral roll & Mortgage
Hi all, basically I have had a decision in principle, we have seen a house put an offer in which is accepted, checked my credit score free using this service and it's "EXCELLENT" .. my worry is I've moved out my old rented apartment 3 month ago, moved in with parents to save. Yesterday updated the electoral roll with my…
-
Halifax apr rates????
Hi. Can anyone please point me in the direction to view Halifax bank APR rates for a home mover?? Their site is so hard to use. Due to my circumstances i have to stay with Halifax.. I need to know APR so i know where i stand with monthly payments due to being a single mother.. Why is it so hard?? Why can't Halifax tell me…
-
Mortgage Overpayments
Hi I have the option to overpay my mortgage by a good amount each month - as I am doing a temporary contract for the next few years that pays well. So the question is, should I send the overpayments each month, or at the end of each year as a larger lump sum? I have the option to overpay 10% of the balance each year…
