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Incorrect Information Submitted by broker on mortgage application
Hi All, Been a while since I've been here! Hoping for some advice. We currently have a 3 bedroom house with a loft room which doesnt have building regulations/planning. We had an offer accepted on the house last month and the mortgage application was submitted by the broker for the buyer shortly after. A desktop valuation…
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Do I need to advise current mortgage lender moving to different mortgage lender?
Hi Does anyone know if I need to advise my current mortgage lender that I'm moving to a different mortgage lender when my fixed rate is up shortly? My current lender is moving me onto a (Rubbish) 4.24% Variable (From 2.04% fixed for two years) and my new application elsewhere is at 1.95% fixed for 5 years. Thanks in…
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Can these rates be better, existing customer ;poor credit
Think I know the answer already but need to run this past you lot to confirm before I commit. Santander existing customer with poor recent credit history of missed payments on unsecured borrowing inc several defaults: 1. 1.49 fixed 2 years 999 fee 2. 1.79 fixed 2 years 0 fee 3. 1.79 fixed 3 years 0 fee Fixed rate preferred…
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Broker suggesting that I stop pension contributions
I am looking to buy a house and talked to a broker about whether I could borrow x. He said I am significantly short of meeting affordability for that amount. However, my payslip has a deduction for pension payments which due to some new rules went up to 5% (as per HR) recently. This reduced my monthly net pay by a little…
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Remortgaging within 1 year of ownership
Hi all, I’ve owned 50% of a property with my mum for several years and I’m now inheriting the other 50% from her. Will I have to wait the 1 year before remortgaging the property even though I already owned 50% of it?
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Mortgagekey brokers
Hi! I’ve just been speaking to MortgageKey brokers about a possible remortgage - I have some adverse issues on my credit history, high levels of unsecured debt and some late payments but very good equity available in my property (remrotgage would be to 55% LTV, good income etc) and wanting a debt consolidation mortgage.…
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Fixed rate or variable?
I've got the option of either a 2.59% fixed rate for 3 years, or a 1.74% discount rate for 2 years. Just wanted some opinions! Brokers, out of fixed and variable, what are you finding most of your clients are opting for generally? Thanks very much!
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Redemption statement
Good evening, I'm having a bit of trouble understanding our mortgage redemption statement. When we went to our solicitor's to sign the paperwork the statement seemed wrong. We are porting our mortgage to our new home. We are with NatWest and have already been told and it's on their website they won't charge us early…
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Am I doing something wrong?
Hi folks! I am totally new here, so please bear with me as I really am not clued up on this sort of thing. I have to re do my mortgage because the fixed term ends in 4 weeks and nobody wants to go onto one of those evil SVRs When I first took out the mortgage it was horrible. Nobody would lend me a bean, and I had a devil…
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Mortgage Success?
Hi everyone, I'm one of the many thousands of nervous FTBs who fervently frequent this forum to see if anyone has posted anything that sounds similar to any of the concerns I have as a FTB. I often read stuff and scare myself silly, so I'd really like for us to create a thread for people to tell us their success stories!…
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Shared ownership woes.
Hi. Okay I will try and keep it short. We have seen a shared ownership house that we want. The 30% share is £77250. We have 10% deposit. I'm self employed and this year i made a profit of £26k. And the year before £18. It increased because this year I bought another van which was my plan....try to better myself. I pay…
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New job during Mortgage Offer
Hi All I wanted to share our experience with you, iv read a lot of threads on here & a lot of the put the fear of god into you. However, here is our story.... We initially put an offer on a house which was accepted & mortgage offer was issued. After this time i started a new job fairly early on in our process, we didnt…
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Precise Mortgage Application
Looking for some advice/reassurance/experiences....... We've been give a DIP from Precise Mortgages. Just waiting on our home going on the market then we can hopefully put an offer in on the house we have seen (if nobody has snapped it in the next few days 🤞) and get the application done. Now I'm freaking out thinking it's…
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FTB with previous payday loans/DMP
Hi All, I have been reading many peoples posts over the last few weeks and thought I should ask for some advice from the good people on here. I am currently in process of getting a mortgage after putting in a offer for a house which has been accepted. We have a £25,0000 deposit and require a £187,000 mortgage (around 89%…
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Bad Credit Mortgage Broker - worth it?
Hi! New to this so please be kind :) To summarize, I have an Experian score of 530 (I had a GREAT time a few years ago, maxed out a few credit cards etc.), I have no 'black marks' against my name and am able to afford a mortgage. My deposit is being gifted to me by my dad who lives abroad and the house i want to buy is…
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HTB Natwest Mortgage
Currently waiting on a Natwest mortgage application. Logged into the tracker and currently awaiting "Assessment & Valuation". All documents have been accepted and my mortgage advisor called me to ask about the remaining years on the leasehold, the number of bedrooms within the property and fi I still want to use the same…
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First time buyer, viewing houses at the weekend.
As the title implies, we're clueless. We got some good pointers from our broker, read a good guide on which, so wondering what important pointers you guys have for buyers viewing properties or what the most common mistakes are a first time buyer might make. Thanks
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Mortgage with EX
Hi there, New to the forum and looking for some advice. My hubby and I have had our offer to buy a house accepted. On preparing for our mortgage appointment I have discovered hubby is still named on his ex's mortgage and a loan they had jointly taken out when they were together. The terms of their divorce meant he stepped…
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Self employed Mortgage question
I'm going to spend the next few years getting a deposit together for a mortgage. I'm self employed, and I'm a self-published fiction author. Currently I rent. So my question is, are there any pitfalls or anything else I should be aware of going for a self employed mortgage, and is there anything in particular regarding…
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Salary Sacrifice and Mortgage Application
I have been told it no longer matters (generally) salary sacrificing your pension contributions when it comes to applying for a mortgage, as long as you can show the mortgage provider what you salary would be before salary sacrificing. Is this true? If so what would you need to show the mortgage provider? Thanks
