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Another company director trying to get a mortgage!
Apologies for the cut and paste from an earlier post but it's kids dinner time! - 2 x Company directors of small company founded ~10 years ago, 100% shareholders - £20k in company reserves - Pay ourselves £10k salary each - Have always paid myself about the same - Company is debt free - Not First time buyer, excellent…
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Contract letter and Mortgage ?
I started a job on 1 year contact at the rate of £250 a day working 5 days a week at least. Wondering if i can get a mortgage on the basis of contract offer letter. I want to go for traditional way of mortgage or help to buy to get onto the property ladder. Please advice.
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Adding to a mortgage
Ok here goes Currently my husband has our flat on a mortgage in his name. We want to move to a house. This means he wants me on the mortgage. Debt wise I’m in a mess. I have 4 outstanding credit cards, 4 outstanding and overdue payday loans. 1 loan I’m paying reduced payments on as agreed with the lender. Our ltv will be…
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Adding someone to the mortgage
Hi guys, first time poster here! I’m looking to add my partner to my mortgage and was wondering if anyone knows if I will be required to go through a credit check or if it would just be the new joint party? Thanks in advance!
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Buying Family member out of Inherited house
Hi all, I jointly own (50/50) a house which me and my sister inherited. My sister does not want to be involed with the house and would like me to buy her out of it. The property is rented out with a decent monthly income. To complicate issues, I do not have a 'regular' income as I recently (1-2 years ago) started a…
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Is it possible to get a 1 year fixed mortgage?
I'm in a bit of a pickle at the moment. We took out a 3 year fixed mortgage with Halifax which has come to it's end. We didn't bother remortgaging with another lender because we were trying to sell... which Brexit has made very hard. So we're now stuck in the position of wanting to move in about a year (because my long…
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Success stories of mortgage application with bad credit!
Has anyone here been accepted for a single mortgage even though someone they're financially linked to has bad credit? We've applied for a mortgage with NatWest in my husband's name as I have outstanding debt (about 2000) and we are waiting for a letter and I'm just in a constant state of anxiety about It! We are first time…
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HTB with adverse credit
Hiya, So, my partner & I have reserved a new build property. We are going to use the Help to Buy equity loan to assist us, however we both have poor credit histories. I had a CCJ back in 2015, which is paid off in full, and a few historic defaults which are also paid off. I have a few credit account which I am currently…
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Struggling to find mortgage as company director
My status: - Company director of company I founded ~7 years ago, 40% shareholder - £600k in company reserves - Pay myself £100k salary - Have always paid myself about the same - Company is debt free - First time buyer, excellent credit rating - Buying with partner, combined income ~£135k - Have ~£90k cash to put 10%…
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Shared Ownership - Stamp Duty - FTB
Hi all, We are purchasing a shared ownership property, the value of the property is £320,000 and we are purchasing a 25% share. In the future we will be staircasing with a goal to be 100% owners. We are first time buyers. My question is, how does stamp duty work, when is it payable when staircasing and what does our first…
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General Advice + Looking for experiences Porting with Nationwide
Hi all, Myself and My family are in a 2 bed property with around 15% equity and our mortgage deal is up for renewal. We want to move house in 2 years. With rates still very low the mortgage advisor at Nationwide recommended 5 yr fix with the Porting feature to use when moving. Has anyone used this and then added loan on…
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Changing existing home to buy to let
Hi all, im new here and this is my first post. Im not that knowledgeable on mortgagaes but id just like to know if my plan is a feasable option. I currently have a 4 bed semi in greater london. I have a lot of money tied up up it . Im currently on a normal residential mortgage. I woukd like to re mortgage my house and…
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Mortgage application with outstanding loan
morning all I was under the assumption that getting a mortgage you will need no outstanding debt. i currently have a personal loan with 2 years remaining, paying £360 a month. I am saving around £200 a month for a mortgage through a LISA. after loan is cleared, i will be able to put away the £550 a month in total. my…
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No FactFind/ Suitability Report
How bad is it to not receive a copy of a factfind or suitability report when applying for a mortgage? (When queried after completion copies where sent with the ”right” date on and was told it was an admin error- they were on file but hadn’t been emailed over).
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Mortgage for loft conversion
Hi there, Would really appreciate some advice with this.. I'm having a loft conversion done this year on a paid off house, which will cost £45,000.. Planning to get a mortgage to pay for it. Is this the best option given the amount?.. ...and is a solicitor required for a (relatively) small mortgage for the transfer? Huge…
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Unsecured loan effect on mortgage application
I'm currently saving up for a deposit so that I can apply for a mortgage but I hadn't taken into account an unsecured loan that still has two years left. The amount to repay is around £6000. I'm not sure if it would be better to pay off the unsecured loan early and then saving for a deposit so that I have a better chance…
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Submitting DS1 form to Land Registry
Not sure if I've posted in the correct ssction. When I purchased my property around 10 years ago I took out a equity loan secured on the property as a second charge. I no longer have a mortgage on the property and have just paid the second charge to the equity loan provider. Their legal team told me I wouldn't really need…
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New build purchase/potential redubdancy
Hi, just looking for a bit of advice. Someone I know put down a deposit for a new build property to be completed in July on Sunday. Today the company said person works for has gone into administration throwing up the prospect of redundancy. No way he is going to be be able to cover the mortgage if he loses his job with no…
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Aldermore application gone in.
So after a week of trying our MA has put in an application with Aldermore. I had a bad time after a divorce and left with defaults of which some have cleared but one is still causing an issue as although it was registered October 2014 it wasn’t settled until May 2016. Anyway Aldermore have requested more documents. P60’s,…
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Solicitor Searches
Hi, I’m a first time buyer using HTB and have had my mortgage offer through today which I have now informed my solicitors that I will be accepting. We have not yet received the ATP for the HTB as my broker made an error on the form, I paid the fees for the solicitor searches last week on their request but they have advised…
