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Santander internal policy post credit check
Hello One online mortgage broker had told me Santander would approve x amount of mortgage. After credit check (being said my credit score is 981 on experian), they resolved to approve 20 k less. Anoter local mortgage broker got Santander to run a credit check and he says everything is fine and he doesn't understand what…
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Self Employed - first time buyer
Hi, Me and my partner are looking to get a mortgage as first time buyers. However, my partner is self-employed and has is SA042. The lender has asked for his net profit. But I wondered could anyone tell me is it the Total income received or the Total in which tax is due, that they would use to assess what we could borrow?…
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Can I get a mortgage to buy ex out property - no mortgage
My husband and I separated in January after 32 years together (his choice not mine) - now the grief and shock have settled a bit I'm thinking about my future and the house. We have no mortgage and he is renting a room somewhere. We haven't discussed the house yet as he said I can stay in it for 1-2 years maybe more but…
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Natwest ReMortgage Application
We have recently applied for a remortgage with Natwest via a broker. We have adverse credit about 2 years ago which we have declared and explained circumstances which was due to being in Maternity leave and it took us approx 2 years to get back on track. During this time we had arranged payments but also made payments and…
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Remortgage with BTL mortgage
Hi all We are currently selling a property and in the process of buying another. We live in rented and the sale is not dependent on the purchase. Sale is at serious risk of falling through. 5 months in :mad: In order to keep the purchase, we are considering options. The sale is a property we have rented out before with an…
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Mortgage History Requests
We have been going through a mortgage endowment miss-selling complaint procedure since last November and have provided lots of information so far. The latest request is for a much more detailed mortgage history.. It asks for all details of all mortgages taken out, lender and account details, amounts of loans, terms,…
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buy to let mortgage that allows registered child care use within property
My tenants want to start using the rental property for Registered child minding. I am due to renew my buy to let mortgage. Does anybody know if any buy to let mortgage companies allow tenants to use property for childminding while their family also live in rental property. thanks
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Proof of deposit?
We will be using either Precise, Kensington or possibly Aldermore for our mortgage application come the summer. What is usually required for proof of deposit? Thanks in advance :)
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82 years old and wants a mortgage?
I'm 82 years old with a property worth about £400,000 and would like to move to a house worth about £600,000. My logic may be faulty but my thoughts are that if I die a couple of years after being given a mortgage surely all the Building Society need to do is to sell the house to get their money back or will it be…
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Mortgage application rejected, default on store card
Wonder if anyone could please help? I had a Dorothy Perkins card several years ago, which was only used as and when. Having cleared off the balance, I moved house then several years later an old neighbour brought round mail from my former home. There were letters from New Day (credit card company) and their law firm with a…
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Ltd Company Director
Does anyone have any experience getting a great deal on a mortgage when they are the Director and Employee of their own Limited company? Often, profits are kept in company accounts, reinvested or saved. Paying out minimal 'wages' to themselves for income tax purposes. But most mortgages usually ask for salary instead of…
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Consumer BTL & CGT on sale
I'm aware that if you BTL, then sell the property 5yrs later, any increase in property sale value is subject to CGT, but what's the situation with a Consumer BTL? E.g. where you move out of a property you've lived in for 20yrs (into a newly purchased property) & rent the old property for a while (lets say it's…
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Changing term on a 5 year fixed rate mortgage
We are 1 year into a 5 year fixed rate mortgage and planning on moving house due to moving jobs. We had decreased our rate to 12 years on our current mortgage as could afford to pay it off quicker however are moving to a much more expensive area and planning to move into a bigger home. We therefore want to borrow more…
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Mortgage application worried will decline
Hello, New to this site I’m just hoping for some advice. I have an agreement in principle, I have signed the mortgage agreement and it has now been sent to the underwriters to run the full application. I am asking for £115000 on a property I have a agreed a price of £148k with the seller and it is off the market. I have…
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Non standard construction- bryant low rise?
hi again can anyone advise on bryant low rise property. ftb and trying to get a mortgage but not sure which lender to deal with. i have a broker who is suggesting tsb but he is not submitting the application yet as i asked him to verify that this type of property is accepted by them. I really dont want to be declined for…
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Two year fix expiring, looking to move: renew and port?
Hello MSE'ers! Hoping for some advice here. I have a 2 year fix (Barclays) that's expiring next month. I am also starting the process to look at moving - my house is going on the market this month. I'm looking to buy somewhere around the same price, or hopefully lower, so ideally would not be extending my borrowing. The…
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Continuous Employment
Hi, We have sent our full application along with extra documents which were requested to Precise Mortgages. My partner has only been at his current job 10 months and before this had 2 months between jobs as his previous company was sold. We were not told that 1 year continuous employment was needed and now I'm positive we…
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Credit check after exchange?
We have a mortgage offer agreed with Nationwide and we exchanged today. Stupidly I took out credit between offer in Jan and now not thinking. Since when I panicked and have returned the money so that loan is no more. My credit file has not updated to say a 0 balance and I am worried that there will be another credit check…
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Dis/advantage of talking to multiple brokers?
I'm looking to buy a new property (currently a homeowner with 2yrs left on current mortgage). I potentially have some special requirements as I'm a Ltd company contractor with funds in the company (that I'm considering using as deposit) rather than savings in the bank so I'm aware not all mortgage providers work in this…
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Help to buy remortgage
I decided to go through one of the online free brokers recommended on MSE and they've came back with a offer from HSBC but on the illustration it has no mention of the help to buy equity loan and the product code is just a normal re-mortgage option. Does anyone know if hsbc accepts htb equity second charge remortgages on…
