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Martgage Application - Full Address History?
I've been moving around a lot recently and subsequently I've rented at 6 addresses in the last 5 years, and for some of those I was not on the electoral register. Do I need to include all of these addresses on a mortgage application, even the ones for which I was not on the register? The reason I'm asking is that I…
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Getting additional money through remortgaging
Ok, house extension on the cards, need to borrow £X, where £X is about 50% of our current mortgage. Our current mortgage provider, TSB, is pushing us to take on an additional borrowing mortgage which to me has 3 drawbacks a) it's a higher interest rate than their normal mortgages b) due to the 2yr fixed terms it's always…
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Early Repayment Charges
When do these start? Had a remortgage deal all sorted well in advance of my current deal ending on 1st August, however my rate for my product has now came down. Phoned up to question if I could secure the lower rate and was told can only do so if I pay early repayment charge. Is this the case, even though my deal starts in…
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Tax overview / Tax calcuations not matching
Hi all, I'm attempting to remortgage my property using a broker and they're trying to get me a mortgage through Natwest. As I'm self employed, they have accepted two years of income via self assessment/accounts, but, they came back today to query why the tax overview and tax calcuations for 2018 don't match. Sure enough,…
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Really confused over leasehold and freehold query
I have a mortgage on my flat, its a house that was converted into top and bottom flats, the people upstairs own half the freehold and I do too, I think. We are all shown as having a share in the freehold (the top two owners and me) Upstairs are selling. They mentioned a leasehold on theirs, so I've got the land registry…
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Funding an Extension to Property
Hi Hope this is the right place for the question.... I am looking to fund an extension to my house and wondering what the most cost efficient way of doing it? It will cost between £60k - £100k depending on what I end up doing. I have no mortgage left anymore to pay. So can I get another mortgage? Or remortgage? Or is…
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Career as a mortgage broker
Hi, For the past few years I have been a BDM at a high street bank in the mortgage intermediary department so I have an excellent knowledge of the mortgage market. I am currently completing my CEMAP and I love the idea of going self employed whether as a DA or an AR through a network. The majority of brokers I speak too…
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Two mortgages - some advice much appreciated
Hi all. Some advice or direction would be appreciated from someone who is a financial adviser if at all possible. Here are the facts: We left the housing ladder three and a half years ago as we relocated and, not knowing the new area, moved to a rental property. With the proceeds of our house sale we purchased a…
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Adding someone to your mortgage
I am currently with HSBC and it is a sole mortgage. This has always been the case as my wife never really earned enough to warrant adding her to the applications plus she had previous credit strikes to her name. Things have changed and we would like to add her to the mortgage/deeds etc. Can this be done whilst tied into a…
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Waiting on tax overview for mortgage
Hi all, I am a first time buyer who has secured an AIP with Clydesdale for our first mortgage. I am self employed so the mortgage is subject to me providing a SA302 and tax year overview for the previous year (I only have one year accounts which Clydesdale are aware of). I submitted my tax return last Sunday, the SA302 was…
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Remortgage - Great Escape or Not?
Hi, The fixed period of my 5 year mortgage with Natwest is due to end on 31st July and I've set my sights on switching to Barclays. I'm just contemplating whether to go with their 'Great Escape' (no fees) or with the standard fixed tariffs, so am hoping for some advice. I have £86,000 remaining on my 2.99% deal, LTV is…
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Are there downsides to Help to Buy?
Hi, am after some advice/reassurance.... My partner and I were wanting to use help to buy to purchase a property at the max of £600k. We have a £105k deposit, was going to take the max 20% equity loan with payments of around £1650 (for the 5 years, after which they’d increase as the discounted mortgage and the interest…
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Best option - pay debt or put towards mortgage?
Hello Looking for some thoughts on our situation if possible. We were in a DMP with Stepchange and have recently decided to go self managed - we have 4 creditors which are about 10 years old totalling approx £27k and these have now fallen off our credit files (as they are over 6 years old) so our credits scores and reports…
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Help with mortage calculations
Hi guys, I'm doing a final review of all the mortgage documentation and something doesn't sit right with me. As it now stands, we aim to borrow £166,500 from Barclays. The projection shows that we would be repaying this amount for 20 years, of which 5 years (61 payments) with a fixed rate of 2.44% and further 15 years (179…
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Non-standard construction - wates
Hello I’m in the process of a right to buy. The property is a wates type construction. Does anyone have any experience here with this house type and what to expect from lenders? I have a broker visiting me to discuss on Monday. The broker initially has said it is common and there are mortgages out there. Will i need to…
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Ex threatening to not pay Mortgage
Hi everyone I'm a newbie and I have a interesting life at the moment to say the least. I am in the middle of a divorce from my abusive ex and he's threatening to stop paying the mortgage on a house. This will be when the mortgage rates go up in November. I cannot work as I'm caring for our daughter who is not very well. it…
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Mortgage offer addressed to only one borrower
Hi! I’m wondering if anyone applying for a joint mortgage is having the same issue with their mortgage offer being addressed to only 1 of the 2 borrowers? The one we have received has a covering letter which addresses only the first named applicant, meaning I had to open my husband’s mail to have sight of a loan for which…
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HTB equity mortgage/loan
Hi all I have a hell to buy equity loan in a new build. Had anyone got one of these and also a car on HP? I’ve read that you cannot increase your mortgage or take out another loan without permission from Homes England’s mortgage administrator. Does this mean you have to ask them if you want to get a car on HP? Really…
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Indemnity policy??
Hi, we are in the process of remortgaging from Skipton building society to TSB. We only moved into the property August 2017, we have almost 50% ltv. We are currently tied in with Skipton until 31st August & have found a good 10 year fix. TSB have issued the mortgage offer, but their solicitors are now asking for an…
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Leeds dip refereed ?
We had a decision in principle with Leeds refereed yesterday then accepted today. Our MA is out of office until next week when she will put the full mortgage application in with them. Anyone have any experience with Leeds and the dip being referred then accepted? Did your full mortgage go on to be accepted?
