-
Payday loan 8 months ago - mortgage chances
Hi, this is my first post. My husband and I have just sold our house and we have reserved a new build. To reserve we needed to get assessed for affordability which we passed comfortably (we need a mortgage of £218k and on affordability we could apply for a mortgage of up to £450k) and get a decision in principle which we…
-
Funding an Extension
Hi all. We have a property and have 50% equity in it. Only 1 year into a 25 year mortgage paying the other 50%. We want to extend and need about £50k to fund it. Would the best option be to remortgage and borrow the 50k against the house? Given we have 50% of equity in it, this makes the most sense to me and I can’t see…
-
House Valuation for Remortgage
Looking for some advice if possible. Our 5 year fixed term mortgage runs out later this year and I've been reading up on remortgaging. The applications ask for a valuation of the property but the problem is we've had quite a lot of work done since we bought the house 5 years ago - new extension, new patio, new kitchen, new…
-
Helping my parents
My parents want to release some money from their house. We don’t want an equity release scheme due to cost I can’t remortgage my house due to annual salary not allowing a further increase on my mortgage of £250,000 Can we transfer ownership of their house to us and remortgage against their house for the money and then give…
-
Advice needed - will loan impact mortgage application
Reposted from Loans forum - Have a tendency to over explain so going to try and keep this simple. I’m looking into commuting costs (£800 a month or £8k for a year, yes it’s extortionate). Previous employers have paid this but new one is increasing salary to accommodate. I don’t really want to move to a new area with lower…
-
Where do i stand?
Hi, In 2004 I applied for a mortgage, which was accepted but because my credit rating was dire, my Dad offered to purchase the house and therefore take on the mortgage. My part in this is that I was to pay the total mortgage repayments which I have done. It was supposed to be a stop gap until my credit rating improved but…
-
Decision in principle and Credit Card De
Hi everyone, Very new to this so hope I've done this right! I was wondering if it's necessary to pay off credit card debt when applying for a Decision in Principle? Or whether to just wait until applying for the actual mortgage in a couple of months? I know that my credit card debt will affect my mortgage affordability and…
-
Mortgage Best Buys feedback
I have been using the Mortgage Best Buys tool and would find it useful if the following were added: * Total amount repayable in the Fixed period, essentially an extension of the MSE total cost * Sort by the Total amount repayable(above) in the Fixed period * Sort by total amount payable * Sort by the overall cost for…
-
Help, willing to pay for it...
Evening Everyone, I've finally decided to get my life in order! I'm looking to get a remortgage on an unencumbered property, looking to raise finance for a wedding and to get a buy to let. The property was my parent's but they've separated. My father doesn't want anything to do with it and me and my brother are looking to…
-
Leeds - Direct or LandC?
Hi all, I'm buying a buy-to-let property and I know exactly which mortgage product I want; the 2-year BTL mortgage from Leeds Building Society. Should I go direct or via London & Country? Is the acceptance rate any different? What do you recommend? Thanks!
-
Precise Mortgages and Underwriter checks
Hello We have been given a DIP by precise we have completed a DMP less than 2 years which they asked for a letter from Stepchange to confirm its been paid in full which I have sent in. Do the underwriters check this directly with stepchange or is the letter enough? Do they check your employment too or again is the P60 and…
-
Overdrafts and mortgages
Hi everyone just a question and hoping someone out there can help I’m just about to start the process of looking for a house to buy with a good friend. Yes we are aware it posses risks and are going to have a contract drawn up. Currently my friend has money to put towards a deposit which I do not but I will be there to…
-
Addresses
How many years to mortgage advisors look back on your address history. I have moved around quite a lot in the past and i'm worried it might look confusing. However, I have been at the same address since 2015. i have proof of address of my previous 3 addresses from 2012-2015 but my life was quite chaotic then and I moved…
-
What happens if landlord stops paying buy to let mortgage?
A work colleague was telling me about his let flat where the tenant hasn't been paying the rent properly and not letting him know or answering the phone or texts. I said he should evict them but apparently it's a long process so I just wondered what would happen if he stopped paying the mortgage? What affect would this…
-
Property valuation then offer
Does anyone know how long after the valuation of the property we are likely to recieve an offer?
-
Mortgage for over 85 year old
Hi Can anyone recommend a lender for a remortgage for an 86 year old with a 27K annual pension income. He needs 103062.00 loan
-
Interest-Only Mortgages
Hi all, A company has got in touch with me regarding an interest-only mortgage I once had. Is there any template letters I can use for this type of case (as per bank charges etc) as I really don’t want to pay this company roughly 50% of the potential pay out? I arranged through a broker so is this still mis-selling? What…
-
Electronic Identity
How can I check if I can be electronically identified? I have beed offered this method to prove our identity in setting up a mortgage deed. Be a lot easier than sending of certified copies of passports, etc, but would have to do this if the conveyancers fail to confirm electronically.
-
When can we buy?
Hi, I have a LISA that I opened on 3rd march 2018 and my husband has savings that can be accessed at ant time. How soon will i receive my bonus and do i have to wait for the bonus money to be in my account before we can start the purchase of a house? LISA is with Skipton, both first time buyers. Thanks in advance
-
Mortgage gone to underwriters - late payment account
Hello - My partner and I have an AIP from NatWest - I had the 2 hour meeting with the mortgage advisor on Thursday and she said she had our credit report , pay slips etc in front of her and she is pretty certain we will get approved. A hard search was done the day I spoke to her. The one thing that is worrying me is I have…
