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Paying for holiday before mortgage application
We will be applying for our mortgage over the next 3-6 months and I understand that bank statements and proof of deposit will be required. As we will be applying through an adverse lender (precise or kensington), I know that they will look at our bank statements quite a bit more than usual. We have a family holiday booked…
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Joint Mortgage
My Daughter has recently split from her long term partner. Unfortunately they took out a joint mortgage two years ago. Currently my Daughter is paying the mortgage and her ex wants nothing to do with the house or mortgage. We are currently looking at how she can keep the property and the possibility of us helping out. But…
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What is considered late on a mortgage payment?
Hi, looking for some guidance please. Just searched my file and found 2 late payments to Together Finance with whom I have a commercial mortgage. Payments were made 2 days late in May 2017 and 8 days late in February 2019. I've searched and can't find a 'standard' definition of what being late is. Obviously there's the…
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Mortgage Cashback
Has anyone else received cashback from taking out their mortgage? We're due to exchange/complete by Friday this week and part of our mortgage deal was £300 cashback upon completion.. wondering if anyone knows how this will be paid out, has anyone else has any experiences of it?
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Mortgage from Overseas Savings
Hi All, Currently applying for a mortgage. It's a singular application through me, however my gf will be living with me also. For the mortgage, we chose 10% deposit (£10500) and it comes with around 8.1k from overseas (Passbook with the german bank "sparkasse") and the rest from savings in my current account. The passbook…
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Mortgage help please - my family is gonna get made homeless
I don’t even know where to start because I’m torn, angry and confused right now. It seems Brexit has things happen faster; our landlord wants to sell the house we (parents and siblings) have been living in for over 20 years. My parents have been advised by an uncle to buy it so in a last minute attempt they’re trying to…
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Employment status for mortgage
Hi everyone I’m hoping i can get some help and advice. My wife and I are planning to purchase a house in the near future and I wanted to ask how my employment status may affect our mortgage application. I currently am a company director and own 50% of it. I’m currently paid via salary and dividends for tax purposes. We’ve…
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Skeptical about online MIPs/AIPs
Ive done a few MIP/AIPs forms online in the past, most recently with my own bank via a link on my online banking. For the most part, they've literally just sent me an email saying they'd give me the amount i've put down (£109,250). Once I got a downloadable PDF... is this really a formal MIP? Is that a daft question? Or am…
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Remortgage with debt
Hi I want to remortgage and release equity in the house for a loft conversion and/or extension but have approx 13k debt good payment history latterly and credit rating good. LTV 60% Which mortgage lender is most likely to offer a mortgage in this circumstance please Kind regards
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What sort of account to put deposit money in?
Hi, Apologies if this is wrong board... My boyfriend and I are close to buying a house, and are at the point where we are getting the deposit together. His part of the deposit is coming from equity in a house that he has sold, mine is gifted from my Mother. We want to open some sort of joint savings account to 'hold' it in…
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buy to let mortgage on shared ownership
Hi, I purchased my studio flat in 2006 with the help of a keyworker loan, but as I am now married with a child it is too small and and also needed to move area for work. It was put on the market august of 2018, and as it has a keyworker loan attached to it I need to return the same percentage to loan company as I took to…
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New mortgage without partner's income
Hello, I currently own a property & am now looking to move. I have a joint mortgage with my wife who is currently on maternity leave. She is due to return to work officially in January 2020 but is not intending on going back. My question is - if we were to buy a property before then (in the next 6 months), would the…
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Remortgage - payments
Morning, I am hoping someone can help. I am moving my mortgage from Natwest to HSBC. I pay my mortgage on the 28th of the month. Will the payments seamlessly switch over e.g. 28th July I pay Natwest, 28th August I pay HSBC or is there an overlap period where I will be making 2 payments? The remortgage date is the 29th July…
