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Can I get a mortage with no health insurance?
Looking to get a mortgage but my partner has a very rare illness which prevents her from getting any health or life insurance, which I can only imagine means it would be the same for taking out insurance when applying for a mortgage? Though I would hate the thought of having a mortgage with no insurance, could we still get…
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Mortgage Fixed Term coming to an end: only want mortgage for a few more months
So my fixed 3 year mortgage rate is coming to an end in November and the plan is to only keep on living in the house until March/April/May next year before moving into my partners property. He's already got a mortgage. I've tried looking around for where to move my mortgage to, and everywhere only seems to be doing 2 year…
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end of fixed rate/execution only?
Hi, forgive me if this ends up being long winded. We bought out house five years ago, value £130,000 mortgage £110,000, we have just over £100k outstanding, houses similar to ours are now selling for £170k on this street. At the time we were in well paid jobs, since then my husband has switched to a new job that he loves…
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Dwindling Halifax mortgage
Hi, Ok so I will shortly have 10k left to pay over 5 years. I want to get this all paid off as soon as. If when I get to the end of my fixed rate and drop onto a variable rate would there be any early repayment charges if I paid it off after 2 years for instance? Plus I understand with Halifax on a VR there isn't any…
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Loan value reported to CRA
Hoping for a bit of quick advice on what to enter in a DIP online form please. I have 2 loans. HSBC reports the total remaining balance plus the total interest to pay throughout the remaining term. My Experian report states £15k, however my settlement figure is £12k. Ratesetter reports the current settlement figure to…
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Proof of end of DMP
Hello my husband paid off his DMP in February this year and we are currently in application with Aldermore and require proof the DMP has ended. My husband contacted stepchange and asked for a certificate of satisfaction although they said they don’t do this and would send out a letter to state this. This was over a week…
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Brokers
Hi all I'm a FTB gradually understanding more about this world One thing that I'm trying to understand is why there are brokers that charge a fee, and one that dont (eg charge a fee to the customer) Is it that the paid ones can get you a better rate/deal, is it that they can offer you a package service to hold your hand…
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Mortgage for Moving Area
How easy is it to get a mortgage to buy a house in another area? My current income will support the mortgage I need, which will be around 30% of the value of the new home. However, where I want to buy/move to is not within commuting distance of my current job. I assume lenders would take this into account? Am I trapped in…
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Remortgage advice - have broker visit or not bother?
Hi, We’re currently about to remortgage as our fixed term ends in a couple of months. We’re currently with Nationwide on 2.09% fixed for 2 years, on a 40 year mortgage (depressing). I don’t feel it’s the best mortgage deal we could have got, it was set up by a broker but we needed him as we wouldn’t have got the house…
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Whats your opinion of us getting a mortgage?
Hello and good morning, We are looking at a new build and have had a quick telephone call with a financial adviser and everything seems to be fine at first glance. The only thing that we forgot to mention is that we are looking to buy as one of us is moving jobs. We didn't think it was a huge issue as the job is a bit of a…
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MIP with NatWest but need different terms.
My MB has sent me the MIP. I know it's with NatWest because ClerScore have me a heads up they'll perform a hard search. The terms are £175k at a maximum of 15% LTV. When I spoke to the MB we thought that we wanted a higher deposit Vs purchase price (we were on holiday and EA was being a pain about wanting to see the MIP,…
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Dudley Building Society Mortgage Application Taking Too Long
Good Evening Lovely People. Just wondering has anyone dealt with Dudley Building Society lately? Did a DIP and submitted a full application. It's been 3 weeks now and they still haven't instructed Valuation, the keep asking for the same documents over and over again. Their turn around times are very slow!!!! They got…
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Mortgage options help
Il try to keep this as simple as possible. Me and my partner are trying to buy a property for £400k. My half is covered with sale of my property leaving me with a mortgage of £80k. My partner is self employed and a low earner on paper £11k a year. She has trust benefits available to her at roughly the value of what her…
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Underwriters
Hello What do underwriters actually look for after Decision in Principal? Thanks Clare
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Forgot to declare 1 credit card on mortgage application
Evening everyone, so today we applied to borrow more money on our mortgage. We gave our incomes, outgoings, loans etc however my partner totally forgot to tell her about his £1000 credit card! He has a good income, little outgoings and a great credit score. What are we best to do? Will it impact us getting accepted for the…
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Can you still get a mortgage after a bad year in business?
I am 52 any pretty late to the house buying game. I run my own business and had been granted a mortgage in principle based on my last two years accounts (up until April 2018). Both revealed profits of around £54,000 and I can borrow a multiple of 4.5 (times) on this. If I fail to secure a property by this October (I think)…
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Fixed rate coming to an end and may want to move soon
Hi, My 2 year fixed rate mortgage is coming to end at the end of the year so to avoid having to pay much higher rate I need to remortgage, however I don't want to go for another fixed rate because I want to move in the not so distant future (although not on the market yet) and will probably wait to see what happens post…
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Re-mortgage with DMP
Hello. I need some advice please on a re-mortgage with a DMP and I’m not sure how to proceed. We have an interest only mortgage and have had since 2007 – we moved house just as all the banks crashed. The fixed term is long gone and we are paying just the current interest rate, which has been good over the past few years.…
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How closely do banks look at your history for a mortgage?
Edit for clarity: The boiler broke in my current property which I am hoping to buy shortly. It is currently owned by a family member - but I pay maintenance costs as I live there. I have been saving for a deposit for the last 8 months, and putting in a savings account enough money to cover the monthly mortgage cost. This…
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Extra borrowing HSBC - feasible?
Hi we currently have a mortgage with HSBC for £215,000 and are looking to borrow another £50,000 to finish house refurb (loft conversion, garage and drive). House value (currently) £550,000 OH income £42,000 My pension £11,000 New job income £27,000. My issue is that I don't start the new job till next month and have only…
