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Relocating during mortgage application
Hi everyone, I need some advice on mortgage application. I am thinking of seeing a broker soon but wanted to see if I could get some advice here first. Here is my situation; I am a nurse currently working in an NHS hospital in London. My wife works in another NHS trust in London too as a Medical Secretary. I have been with…
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Unarranged overdraft on mortgage application
Hi all, Currently panicking like mad. I have my mortgage offer from Skipton and had it for a few weeks now whilst waiting to exchange. I made a payment tonight which has been charged 3 times rather than once meaning I have gone negative and I don’t have an overdraft. I instantly transferred money into the account so I am…
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Use a mortgage broker or not?
My mate needs to remortgage, and thinks a broker can get a much better deal than just by using various price comparison websites. He just needs a 3 or 5 year fixed re-mortgage, nothing complicated. What is the panels opion on this?
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Buying second house while selling 1st
We are currently selling our home (for £300000) and there is approx 1110,000 equity in it. Current mortgage £190,000. We have seen a house we love in the exact street we want. It needs doing ups nd houses sold in that street were last on market 26 years ago so rare. It’s on market for £175000 but needs doing up. Wondered…
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buying new property
Thanks for any help. My partner owns 2 properties home - £230k - Around 60k equity BTL - £175k Around 40k equity So we have approx 100k deposit. She has just started a new position in family business on a yearly salary of 84k We are looking for properties in the 450-500k range. Can anybody offer advice on the best way…
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Right to Buy - £80K property, 50% discount
Hi there, I got an offer to buy the council flat I live in. It's worth £80K and I get 50% discount, so I have to pay £40K. I tried to get a mortgage, and I had a decision in principle, but the flat I live in, didn't meet the banks criteria for a mortgage, so they refused it in the end. So my brothers are trying to help me…
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Buying a property with my dad, FTB
I'm a first time buyer, I've spent about 4 years saving and I have a £40,000 deposit. I earn about £20,000 as a dividend payment. I went to Santander for an informal mortgage appraisal and surprise, they said that I could only borrow £80k-£90k. My dad, well parents, are mortgage free. I live with them. My question is, can…
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can we move with cc debt
My husband & I have a mortgage on a house worth approx 170,000 with 115,000 left to pay on our mortgage He earns £35000 overtime & I earn £11000. We have one child together Between us we have £10k unsecured cc debt & have saved £2000 as we'd really like to move to a bigger house Do we have a chance of moving & getting a…
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Mortgage
Not sure if this belongs in this forum - I am looking to change jobs and my new employer wants to offer me a 10 Year contract to run alongsige a project. However I am looking to get a Mortgage in the next year. With being on a 10 year contract could that effect my eligibility or place me in too higher risk?
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Gifting a deposit
HELLO my daughter is near completion of her first house and my husband and myself are gifting her £11,000, she has saved the other £17,000. we wrote the standard letter saying we do not have any future interest in the property and we don't want the money back. Everything was going OK until Halifax has asked for a…
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Mortgage as an investment?
Say I am able to get a mortgage of £1million which I use to purchase my first property. I live in it for a few years and the value of the property increase by say £100k. Would I be able to sell it for £1.1million, use the £1million to pay back the bank plus any interest that is owed and pocket the rest and simply continue…
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Advice Please - Previous IVA but now applying for mortgage
Hi all, Forum newbie here and hoping people can advise. We are based in Scotland. My partner has previously had an IVA which was discharged well over 6 years ago. It no longer appears on their credit file. We have made the initial Agreement in Principle and been successful. However, we now have the mortgage interview (by…
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How is daily interest calculated?
I am in the process of switching my mortgage from Bank of Ireland to First Direct. Bank of Ireland has sent me a redemption statement today. It states a daily interest rate of: £8.42. My outstanding mortgage is £60,896.89 and the Standard Variable Rate is: 4.74%. I have done the following calculation:…
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How is accrued interest and other debits" calculated?
I am in the process of switching my mortgage from Bank of Ireland to First Direct. Bank of Ireland has sent me a redemption statement today. It makes sense except for the "accrued interest and other debits", which equates to £210.40. My mortgage is 60,896.99 and my current interest rate (SVR) is 4.74%. The SVR rate started…
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How many properties did you view
How many properties did you view before choosing the place you bought? Are you a FTB or was it your subsequent house? We viewed 9 properties last weekend and really liked one (the first one!). This was unexpected - we thought it would take us a few weeks to find what we wanted and we haven't even been to the second town…
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NatWest morgage sent to different department because of a internal marker
Have applied for a morgage with NatWest all was going well Had a aip Submitted full application Survey fine affordability fine Credit file brilliant But has been referred to a different department cause of a internal marker and will get Back to me within 48 hours Only thing I can think of is I had a account and business…
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Girlfriend moving in - Help/advice needed!
Hi all, I am 26 and my girlfriend and I have been discussing moving in together. I inherited a £420,000 house 10 years ago which I currently live in which is in my name with no outstanding mortgage. The house is 25 years old and so needs modernising (new bathrooms, kitchen etc). My initial plan was for myself and my…
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Using a LISA for first-time mortgage
Hi, Looking for a bit of advice regarding using a Skipton Lifetime ISA as the bulk of a deposit sum. Essentially it's looking as though I will exchange on the purchase of my first home before the £1k government bonus for this tax year has gone into my LISA. This is not ideal, as I would like this bonus to be in the account…
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Mortgages and balance transfers credit cards
Hi all We'll be looking to re-mortgage towards the end of the year, details are: Joint mortgage - I work full time, my partner is medically retired, mortgage therefore based purely on my income LTV ratio - 66% Mortgage is 4.1 times my income I exited a DMP in April 2017 - no defaults or missed payments over the past 6…
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Occupiers consent and postponement deed.
We got our first house 8 years ago, as I wasn’t going on the mortgage I had to sign this form. My husband told me he would add me in a couple of years, once I had more accounts, I had just gone self employed. He’s never added me on to the mortgage. Things are not good between us, and we are due to split up. We have 3 young…
