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Partner previously self employed, now perm and good income, mortgage worry
Hi I'll apologise up front if I'm being ott, I'm feeling the anxities Me and my fiance have received a DIP with Kent reliance mortgages. My partner is an electrian, he earns a good wage and has been employed since December. Prior to that he was self employed so money varied, sometimes great, sometimes average, sometimes…
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Rate changes before completion
We are quite early in a house move process - offers accepted on our sale and purchase and the chain is complete, have just instructed solicitors. I'm going to go in for a mortgage application next week where I guess we decide on which exact product we want (at this stage looking at a 5yr fix) Anyway, I am guessing the…
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Mortgage with Precise declined - due to paid DMP!
Short version: Precise Mortgages have declined a joint mortgage application due to a satisfied DMP. Long version: my wife and I recently decided to investigate whether or not we could move house. We had a history of poor credit and defaults from a few years ago and had both been on DMPs, so figured the answer would be a…
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Endowment policy maturing close to BREXIT
Hi I have an endowment policy due to mature at the end of November 2019 and am worried about the impact of BREXIT happening so close (end of October) Is it worth my while considering surrendering at this late stage? Any thoughts - rough figures - surrender value is @30k and the value (guaranteed min + MEP) is @29k it…
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Bank statements
Looking for some advice if anyone has knowledge of this please I'd really appreciate it. I'm currently saving for a deposit for my first house. I'm fortunate in that my outgoings are relatively low at the moment so when I get paid i immediately transfer a chunk of money (more than my mortgage would be) to a savings account…
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Equity Release - Options
Are there any other firms than those seen on the high street offering Equity Release ? Although we have multiple pensions happily providing us a level of enjoyment/living. We are in our early 70's and own our home. We wish to make small payments to our children now and enjoy a luxury overseas holiday while we still can.…
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Mortgage with bad credit
I want to build a rental property portfolio, I am 24 years old with terrible credit. I am in the process of creating a new credit file. Does anyone know any underwriters who don't base mortgages on credit but on the value of the property (cheap) (under 100k), large deposit (20k), regular self employed salary (last 6 months…
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Waiting for Mortgage Decision- anyone else?
Hello I never realised how stressful it is waiting for an offer!!!!!A Anyone else in this position, how are you coping?! I feel like i am slowly going crazy!
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Mortgage: New Job - Potential Application
So I have been with my organsiation for nearly 5 years now and about to move into a new role within that same organisation. Old role: £19,707 + £2,000 acting up allowance for this calendar year. New role: £25,106 from Aug 28th. This will be reflected in my September pay slip. I am starting to look for houses and have £55K…
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Purchasing a property to rent out, First Time Buy
Hi, thanks for looking. So my partner lives with me in my mortgaged house, so her official rent is effectively 0. And she is not on my mortgage. Because of this she is thinking to get a small property such as a flat to rent out, primarily to a friend for a few years, and then as a normal rental property. With the goal to…
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1st UK Mortgages
Hi, i’m looking to remortgage and just wanted to know if anyone has used 1st UK Mortgages. Looking online not to many reviews, just wanted some feedback from someone who has used this company. Thanks in advance.
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Should I worry?
AIP with natwest via broker 2nd August Offer on a property accepted 8th August Full application submitted to natwest 12th August Valuation done and all ok 21st August Natwest tracker is showing everything ticked except one from 19th August asking broker to call to discuss clients application, broker has spoken to them…
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First time buyers. Some questions.
Hi. Sorry if this seems obvious. My wife and I have just got a DiP for a mortgage for a first time house. We have sale agreed on a property and will be putting the application in for the full mortgage in a few weeks. However we were asked by our mortgage advisor to get 3 months bank statements however we have noticed on…
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Struggling to get a mortgage for a second home
Hi Does anybody have any advice for getting a mortgage on a second property that we will eventually retire to. We own our main home outright. We have a 25% deposit for the 2nd home saved. The property is worth £200k. We wanted to have an interest only mortgage and we would use some of the equity in our 1st home to pay off…
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Why PRC homes defective?
Hello Ladies and Gentleman. I recently bought Cornish Unit Type 1. I had to liquidise everything i owed to purchase the house cash only, because some bureaucratic moron listed PRC homes as "defective" and no lender will give me mortgage. I just would like to ask somebody smarter than me and explain me the logic of this…
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If you want to borrow more money against your house when remortgaging.....
Should you be fixing your remortgage at a rate at say 60% LTV and then take out the additional funds at a 70% LTV rate or do all of it at 70% LTV. What is allowed? Ultimately I want to get the cheapest way to do it in theory I was thinking secure as much as you can at the best LTV before you then take out more, especially…
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Montage for director paid via dividends
Hi guys, I am currently 6 months into a two year fix. Property value 166.5k 85% ltv. Mortgage took out when Salary was paye 33k. I have now been made a director at 37500 salary with 30k paid via the dividends route (I'm sure you can work out why) with an annual dividends that will be in the region of 15k. I used a standard…
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Barclays Mortgage Holidays or temporary interest only
Hi everyone, I would really appreciate your advice. I am sadly going through an acrimonious divorce and my ex has stopped making contribution to the mortgage this month. I cannot afford to pay it on my own. The plan is to put the house on the market now and hopefully sell. In the meantime, Barclays are saying they may look…
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Consolidating debt with mortgage
We have around 30k in debt between bank loans and credit cards. We have mortgage free property to the value of around 285k, (one we live in, one is let), but struggle to meet everyday expenses every month. Is it likely we would get/sensible to take out a mortgage on our home to consolidate our existing debts and thereby…
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Help with HTB FTB after self DMP
Ok so apologies for the long post and thank you for being patient here with me. The history is end of 2015- start of 2016 I split with partner some financial issues which resulted in me taking out payday loans. I took a few out and once I started that I was then needing more and to roll over and borrow from different…
