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Santander Mortgage application with 5 year old late credit card payments
Hi, First time poster here. My wife and I have recently applied for a HTB mortgage with santander through a good broker. My wife has been in the UK 4 years and currently on a spouse visa which I have been told is ok. I am also self employed which makes it more complicated but my biggest worry at the moment is my credit…
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Chip away at mortgage or buy to let
Hello Money Savers! I am looking for advice.... should I keep working away at paying my mortgage off or get a buy to let property. A bit about me, Im 29 in 2 months time & just had my first child so wish to consider her in all this too. I currently have a mortgage balance of 69K for my house which is valued (8 years ago)…
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Bank Authorised Overdraft - Mortgage
Hi, Does having an overdraft affect securing a mortgage negatively. Have a £160 overdraft with hsbc but i never go over it. The credit file shows this amount. This is the only unsettled balance i have in my credit file. Any negative impact towards securing a mortgage because of this OD amount? Thanks
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Turnaround Time - Aldermore
Hi, I know I should have patience etc. Full application made to Aldermore on 2nd July. Valuation instructed on 5th July and conducted today and I've received the report today. All ok with no issues. I assume my application has been "accepted" on 5th July. Website says 25 days from application acceptance to offer. What's…
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Differences in AIP offers and using a broker
Hi, First time buyer here so please be gentle! I bank with both the Halifax (my primary account which my pay goes into) and HSBC (an advance account that I transfer the minimum per month into). I have lots of credit history with the Halifax (all good!), and very little with the HSBC (I have a credit card with them that I…
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Changing mortgage after exchange of contracts?
Hi, I exchanged contracts on a new build back in March and have a mortgage in principle agreed at a good rate of 2.04%. I am due to complete once the new build has been complete in about 7 weeks time. I have just read an article on martins site about Santander offering a mortgage at 1.35% - would be a saving of about £40 a…
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Mortgage whilst relocating AND bank work income
Hi everyone!! This is complicated but I will keep it brief - wondering if anyone has been in a similar situation. I am a first time buyer - and most likely I will need a broker given my situation but curious to hear other people's experiences. Firstly I am looking to move to the IOW. I have an 'ok' deposit (15-20%) and…
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buying house with partner, unequal deposits
hi there guys, I am asking this for a friend of mine. she is thinking of buying a home with her boyfriend. They have been together for 2 years and he lives with parents, she lives with her son from her former marriage. She has £30,000 and he has £7,000 for the deposit. I have said she should look at getting something drawn…
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Can I be forced to sell?
Husband has announced he doesn't love me (after 13 months of marriage) and "we'll have to sell the house" Would I have to sell? I live there with our 5 year old son I earn enough to have the mortgage put into my name, its just the buying him out bit I would need to save for I would need to give him around £18,000 to buy…
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Northern Rock interest query.
Hi, I have had a mortgage with Northern Rock and now NRAM since 2007 just before it all went belly up. I was advised to go fixed for 5 years (poor advice but that is what it is) and variable since. What i want to know is recently there seems to be a couple of adverts from companies saying that there i history of Northern…
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Income question - do some benefits count?
Hi Looking at taking a mortgage for a 10 year fix with tsb. My wife doesn’t work but the child benefit is in her name. It’s worth £2,500/year as we have 3 kids. Once the youngest is old enough for school she will be going back into work (so in 5 years). On the affordability questions it says income. To me, I’d class child…
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Self Build Mortgage - income multiple?
Hi, Anyone recently taken out a self build mortgage? Im curious to know if the same income multiple is applied when working out borrowing limits, is it generally inline with a standard residential mortgage? So 4.5 for instance? It will be my wife and myself applying. Thanks :-)
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Apply for mortgage myself or use a broker
Hi I’ve been pondering using a broker or applying for the mortgage myself. I’m clued up when it comes to mortgages so don’t need advice. So I’m looking for other benefits of using a broker. They may have more deals on, but for the ones I’m looking for, you can apply direct. So again, no real benefit. I’m swaying towards…
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Natwest Declined full mortgage application
Hi, we are first time buyers. We have a joint income of £61,000. Our broker put an application in with Natwest the underwriters declined us based on my partners bank statements. 2 recent missed payments in the last three months which showed up on the statement. He has a CCJ from August 2016 of £313 which was settled in…
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Self employed Amazon Driver
On behalf of a friend Is it possible for a self employed Amazon driver to get a mortgage? Thanks
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Northern Rock non compliance period
I have had confirmation from NRAM that on my together mortgage, I was refunded interest in 2013. This was for the period of non compliance that was from 1/10/09 - 30/4/13. Can anyone tell me if this date is the actual non compliance period for for everyone's paperwork, or if it's just coincidence that this is the date I…
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Help to buy interest free?
Coming to the end of 2 year fixed term on new build. Still got 3 years before paying back HTB loan. About to have a 2nd child. Is it an option to switch my mortgage to an interest free mortgage for 2 years whilst wife on maternity etc with the equity loan?
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Mortgage DIP refused - how long to re-apply after paying off cards
Hi - I've found a unique property that I really want to the extent that I wasn't looking before it was shown to me and I will probably wait another 12 - 18 months before looking again if unable to obtain a mortgage for this one. As this wasn't planned, I hadn't got my finances in order ahead of an application. My savings…
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Surrender / Sell endowment
I've had a scottish provident endowment running for 20 years with 5 yrs left to go and thinking about surrendering / selling it. Surrender value is 21,000 not sure how to go about selling or which companies to approach. I've seen a few sites on the internet that do offer to buy endowments but want so much information to…
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Releasing Equity to buy abroad
Not to sure if this is the right place but hoping someone can help. I’m looking to release about £50k from our house to buy a property in Spain We do not have a mortgage and our house is worth about £400k There seems to be a few pitfalls with releasing equity but any help much appreciated Thank you
