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Changing bank account between exchange and completion
Hi, Wife and I are about to exchange on a new build property with a estimated completion date of June 2019. We are looking to simplify our finances by turning my Santander 123 current account into a joint where our wages will be paid into and a mortgage payments and bills will come out of. (Currently, rent and bills come…
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Right To Buy Help
Last year (Feb 2018), my Mum and I completed our right to buy from Aspire Housing. We have a joint mortgage with Halifax and pay 50% each. The mortgage is fixed for 5 years at which point, the mortgage will be fully paid off. I know that if we looked at selling the house within 10 years of buying the property, we would…
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FTB with HTB in Scotland - DIP
Hi I posted not that long ago about not being able to get a mortgage with Halifax as when they stress tested it, it wouldn’t pass affordability. I contacted a different mortgage broker who said they were able to get one with Leeds and forwarded me the illustration (at the time I didn’t realise that it wasn’t the DIP)…
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Lloyd’s unveils 100% mortgages for FTBs
Thoughts on Lloyd’s unveiling 100% mortgages for FTBs? I’m a newbie so unfortunately can’t post the link
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Ltd Company Loss and PAYE employment
Hi, Just wondering if anyone on here could offer some advice. Am waiting to see a mortgage broker but just trying to get a head start... Husband and I looking for a mortgage. I am self employed but straightforward and have 8 years of good wages of accounts certified by accountant. My husband is also self employed and has 7…
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How are mortgage offers decided?
This is a question for the mortgage brokers. How are mortgage decision reached? Are all information inserted into a computer and then decided or does an actual personal review all your information and make a decision.
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The world's best Mortgage Calculator by Habito?
This is one for the mortgage brokers on the forum please. All the mortgage calculators I have come across are pretty basic, but Habito claims to be unique and says that they don't just multiply income but do a real time search of all lenders and products and come up with a real product. This is what they say on their page…
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Help... am I being realistic?
Hi everyone... I am a FTB and still live with parents, and I have put an offer in for a house, which has a closing date this coming Friday (Glasgow West End). After I viewed the house I absolutely fell in love with it, but now it is approaching the closing date my head is playing mind games with me. The figures are: Salary…
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Mortgage declined - appeal
Hi, Halifax have just contacted our broker and said they have declined our application because the information provided about our credit card on our application doesnt match my credit file. When I submitted the application I stated my credit card balance was £2k as I had reduced it from £4k about a week before. Ive checked…
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Mortgage brokers - faster?
Our broker has told us our new DIP was approved with Nationwide this morning and is submitting the full application tonight. I was just wondering, do brokers submit more docs at DIP stage and have ways to help things move faster? I have read in other posts they present the mortgage in the best possible way and have more…
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Shared Ownership Staircasing Options
Hello, Apologies if I could have gleaned the answer from some other post but was hoping for some advice on how to staircase on my current property. In August 2015 I bought a 50% share in a one bedroom flat and my mortgage product renewal is October this year which is when I hope to staircase. As long as my contract is…
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Regulated buy to let?
Hi, I would like to let my house to a family member whilst I’m away working in the UAE for two years. Does anybody know the names of any lenders that offer 80% LTV regulated buy to let mortgages? Also, will I have a problem getting one if I am not paid in sterling? Failing that I’ll look at regular buy to let or letter of…
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Mortgage application
To start, and to be clear: I know that a lender can change their mind at any point up to when you complete, meaning there are never guarantees. I had a question relating to the process. We are FTB and our application for mortgage is with Natwest. It's been a fairly smooth process so far, evidence has been provided, credit…
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Changing from Repayment to Interest Only
Hi all, So the situation in a nutshell, me and Mrs. Accidental Landlord bought our first property 10 years ago, on a repayment mortgage, and lived there for the first 5 years. Work took us both out of the area and so decided to let it out. Other than having to apply for consent to lease every year, there are no other…
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Equity Release on Right to Buy House
Good Afternoon ! First Post On the Forum - so thanks in advance ! My 75 year old mum lives in a council house and has lived in the same house for over 50 years so should be entiled to the full Discount of £80K on her house. The house is worth about 110K. She should be able to buy the house for about 30K. She has recently…
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Stamp Duty Calculation help
Hi I was hoping someone could help me calculate stamp duty on a transfer of equity. My solicitor will do so, but alarmingly his legal assistant emailed me with an estimate on the fee, which is alarmingly higher than what I'd calculated (£14k)! A transfer of equity is taking place, where my ex partner (not married) is being…
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With or without fee - term ends
Hello My 2nd two year fixed repayment mortgage with nationwide ends. 2017 to 2019 was 1. 89‰ paying 339pcm, £250 cashback, no fee. They are now offering 1.99% 2yr fixed, no fee, £100 cashback, paying £343 even though ltv is now 65% (71,500 borrowing) Bit annoying, but rates are rates. A quick look on a comparison site…
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Change of Job after Mortgage Offer
My husband and I are first time buyers and have recently applied for a mortgage and have been made an offer by Coventry Building Society which came through about a week ago. We have not yet signed this offer. My husband has out of the blue been offered a new job and wants to take it but we are contemplating how this would…
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Buy to let mortgage advice
Hi, We are looking into another buy to let, but the property is at the moment not in a habitable condition, it needs a lot of refurbishment, this would take give or take a few days three months, we have a tenant lined up for June. We are having a bit of trouble finding a buy to let mortgage that does not have the "must be…
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Proof of deposit- Stamp Duty
Can anyone help, we have the deposit but are a few thousand short for the stamp duty, does the proof of deposit need to include stamp duty. Without doubt we’ll have come exchange time. I don’t want to reduce my LTV as I know the deal I want. Thanks
