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In-house mortgage advisor - avoid like the plague?
As part of going into estate agents for viewings I've been directed to their in-house mortgage advisors under the guise of a "help to find" service. The first had a very limited selection and raised much suspicion, however the second was easy to talk to, very open, ticked all Martin's boxes of what to ask, and was…
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Some advice, please, lovely people...
I owe around £39k on credit cards. I've been spinning plates 0% wise for years but that's now pretty much come to an end very recently. Hence I need to take action. I own a house worth around £310,000. I owe £92,000 on it over the next 9.5 years. I earn £25k (I'd earned nothing for a few years, hence the debt, and this…
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Getting a mortgage whilst on sick pay
Hello. I am looking for some advice regarding getting a mortgage. My partner has been off work since March due to a knee injury and will be off work until August as he has recently had an operation on it. He is getting around £100 a week SSP and the rest of his wage is been topped up by his employer so is getting full pay…
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Shared ownership with old default
Hi. Looking for some re assurance more than anything. Long and short is that we put a £500 reserve on a new build shared ownership. We need to mortgage for £73575 we have a 10% deposit. Houses full price is 163,500. I recently took a loan with tesco (before this house was an option) for 4000. My partner has a loan with 8k…
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Single parent mortgage
I’m considering separating from my husband we recently remortgaged for £135k, house is valued at £230k and l would really like to try and keep the house as l’ve a kiddo with autism. I’ve a salary of £13k p/t and l’ve done some calculations and would get around £1300 (which seems a huge amount) in additional benefits plus…
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95% LTV - should I be worried?
Hi, With my partner, we've recently had an offer accepted on a house. We have a 5% deposit and enough for stamp duty, fees etc. Our broker tells us that we're well within affordability. We didn't think we've have any poor credit history, however, we've both checked our credit files today and while my partner's is perfect,…
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Remortgage changes
Good afternoon I am aware that the legislation for re-mortgaging has changed to make it easier for homeowners to renew their deals without having to go through the stress test etc. Has anyone any experience of the new procedure? We do have some credit card debts on 0% but are up to date on all payments and we are actually…
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Adverse lenders... recommendations please!
Has anyone got any recommendations for a broker to try? We have defaults, which will be satisfied by the time we apply, and a DMP, which will end around 6 months before applying. Thanks!
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Mortgage Retention.
Hi, I have a mortgage offer, but it's come with a retention. Vendor isn't interested in making the required repairs, could I take out a credit union loan to pay the shortfall (2K), or will that endanger the mortgage?
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FTB - Debt / Mortgage Application
Hi All, My first post here. I'm a FTB trying to get my finances sorted before Mortgage Application. I'll be making a joint application with my partner,We are looking to have our target 15k deposit complete in Dec with a view of spending the new year in our own place. We have a joint income of 75k. She has no debt and…
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Self Employed Mortgage Advice
Hi, wondering if anyone can advise me. My husband and I run our own business. We are looking at getting a mortgage in the next few months and am just trying to get what we need in place. We're quite lucky in that as we run our own business we can decide how we get paid, i.e. one of us takes for example £40k salary and the…
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Huge mess - short marriage and mortgage
Hi all, I’m new here so sorry if I waffle on or seem a bit clueless. I’m really, really scared and I need some advice. I got married nine months ago. Sold my house the year before the wedding and used the proceeds to pay my husband's ex wife (he promised to give her £40,000 following their divorce) and to pay off debts…
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Mortgage with CCJ (HTB/SO)
Hi, I'm in the very early stages of looking to buy a flat (In London) and have started to look into the possibility of whether anyone would actually lend to me. I am very lucky that my parents have said they could help with a deposit, which with properties i can afford in the areas i want to live in London would restrict…
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Buy to let mortgages and escaping the city
I'm hoping someone here may be able to help and that others may be interested in the answers. The situation: My partner and I own a property. Property is in London and worth around 250k. We are mortgage free the property is our home. We are both on relatively low incomes (both work in the charity sector), probably less…
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removing ex name on mortgage
Hi, Need some advice please. I'm going through divorce at the moment. We have a joint mortgage and house is in joint name. Ex agreed to hand over the house ownership to me so I can continue to stay there with our 9 year old son. Consent order is being drafted but apart from a lump sum he wants a share if the house sold in…
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I'M 60 & Moving - Should I Pay Off My Mortgage?
Hi, My first post so please be reasonably gentle. My wife and I are both 60, both working full time and have a joint unfixed repayment mortgage with £25,000 outstanding. Our last monthly payment will be in February 2022. We are almost certainly going to be moving in the next twelve months and, as we're downsizing, will be…
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NatWest AIP - how reliable?
I got a NatWest AIP a few days ago and have just submitted all the requested documents through their system. It's now with underwriting... I was just wondering: How sound are NatWest AIPs? I've got 4 defaults (registered and settled) going back to 2015 to a total value of £12.5k, so I was surprised my AIP was accepted,…
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Is 5% Deposit enough with a default
So I have been looking through this forum but cannot really find an answer to my question. I currently have enough for 5% deposit, my affordability is fine, however i do have a £400 default from 18 months ago, no credit issues before or after. Is getting a mortgage even possible with only 5%. Also if i apply now at 5% and…
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NRAM together mortgage
Looking for some advice please. This is my first post. Basically my partner has a shortfall with NRAM initially from 2007 and they are still chasing him for it. i did a SAR letter and we have all the paperwork back. On reading through the original off letter I noticed something which I think is an error. In the offer on…
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Capital raise mortgage
Hi, I was hoping someone could provide any info in respect of the following query. I currently own 50% of a property that I live in and the other 50% is owned by my parents. There is no mortgage on the property and I am looking to get a mortgage to buy the other 50% from my parents. I believe this would be classed as a…
