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Chances of mortgage being accepted?
I’ve got a agreement in principle but was wondering what my chances likely are? A local free mortgage broker applied with accord on Wednesday last week. Property price £83,500 Deposit £21,000 Loan to value between 74-75% Wage gross £29,000 Applying for myself only, no debts.
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Insurance on leasehold
Hi, I'm at the start of the process of buying a leasehold flat and wanted some advice on insurance. The flat has 900 years left on the lease and the ground rent is peppercorn rates. The problem is that the freeholder is absent an no one seems to have any idea about how to contact them, I'm looking at taking out absent…
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FTB - Natwest
Hi all, Been lurking for some time and if I’m honest I’m probably just after the same reassurances most people are. We’ve just applied through a broker for our first home with NatWest. First time buyers, 26 and 23, purchase price of £324,950, 5% deposit of £16,250 and 20% help to buy equity loan of £65,000, there’s also a…
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Was director, now employee of company
I wandered if any mortgage advisers would like to comment on if I should expect an issue when applying for a mortgage, given my circumstance. Myself and my soon to be ex husband, bought a lease on a small hotel. It is a ltd company and I was director. We split up about 1.5 years ago, but due to the business commitment ,…
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Which broker for NI market (with defaults)?
I am looking to get back on hosing market after 3 years renting. I dont have a great credit history. I entered into a DMP about 3 years ago, total debts of £29k. This is now down to £9k and is due to be finished by end of next year. No CCJ's but about 4 defaults, all 2-3 years old. I earn a decent salary, £85k plus bonus,…
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Bluestone Mortgages
Afternoon All, I've had a AIP from Bluestone Mortgages (I've used them due to various credit issues in the past, and I'm going through a broker). I've been upfront about the fact that I've had a couple of payday loans in the last 12 months - they're on my credit file, and I've told Bluestone about them, and was happy to…
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I think we won't be able to buy at all. Please help.
So when we received our MIP documents it stated to a "maximum" 15% deposit and the max they'd led would be £175k. We have found a house (that we're in the middle of buying) which is worth £195k. We have £20k in deposit, so we can make it to the £195k, however (and this is completely my fault) I thought that as long as it…
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mortgage redemption statement
Hi, Need some info/advice please. I recently divorced and in the process on remortgage and change the name on the house deed. I've no knowledge/experience regarding the process. My solicitor has sent me a redemption statement. What is this? My understanding is, I need to confirm it shows the correct amount of my remaining…
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What kind of debt is best to have before remortgage application?
Hi, my wife and I intend to remortgage our home and release some of the equity so we can build an extension to the house. Before we do so, we're looking at our current debt which will obviously be taken into account during the application. I personally have around 7k in credit card debt and about £1500 overdraft. I've…
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Minimum income for a mortgage, and using an investment property
Hi all, Looking for some comments, and thoughts I can explore further. I am currently mortgage free in a house worth around £160k. I could rent out the house for £700 per month. I earn £15k a year from a part time role. In a few years I will send to move into a step free property due to a health condition (it won't affect…
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Default - likely rates?
Hi, Just to set out the situation - looking to put an offer on a house for 225,000 with a 22,500 deposit (90% LTV). Partner earns 27,000 a year, I earn 24,000 a year. My credit score is excellent on experian. I think 979. Although not a great deal of history as only 23 - only insurance for car monthly since 18, mobile…
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Fund an extension through saving or overpay mortgage and then get a loan
We have just completed on our first house. We're in the really fortunate position that after making our mortgage payment and covering all our other expenses we have a decent amount of money left over. We would like to build an extension to the house in around a year, which will cost c. £50K My question is, would we be…
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Lender Releasing Charge
We were lucky to pay off our mortgage just under a month ago. The Lender even refunded us £300 for overpaying, all was good. I received a email from Land registry monitoring stating someone had made changes to the Deeds - it was the lender. So again all good. On Friday letters arrived from Land Registry (perfect) So again…
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Affordability with debts
Can anyone give any advise as to likelyhood of acceptance and to what amount please? Just starting on the journey to get a mortgage and have no idea what amount may or may not be offered!! Salary 45k Girllfriend 32k Debts: 11k loan 3 years to go 10k on credit cards 550.per month maintenance Girlfriend: 4k on cards I know…
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How low can you go?
Hi all, I'm hoping someone can help me. Nearly 7 years ago my partner's mother passed away and in the will she left the house to her sister (his aunt). He has lived in the house since he was a kid so it really should be his but I digress. He has spoken to his aunt many times about getting the house changed into his name…
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BTL or Personal Mortgage
Hi hope this is the right forum not the minimise tax one. It is a fairly simple question I just can't seem to be sure. I bought a flat some years ago and by being frugal have paid it off! yay. Now I want a house, I do not need the flat, it is near the house I wish to buy and I am fine landlord responsibilities / hassle. My…
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How likely to get a mortgage offer?
We have put an offer in on our dream house and I'm so nervous about our chances of being accepted. We went through an online broker (trussle) and got an AIP for Digital Mortgages with them. We got to the stage where we were ready to submit the application then the broker said Digital wouldn't accept us because my partner…
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Do we need a broker? - 4 year old default
Morning folks. My partner and i are looking at buying. The big concern is my credit history. I have a 4 year old settled default from a credit card. Since then my credit history has been spotless. I have car finance under 5k with 2 years remaining, two credit cards (one opened in 2016 and one recently)totalling £300…
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Buy out husband (but keep joint mortgage temporarily)
I’m looking for some advice as to whether this is a total non-starter or whether it might be considered legally. My husband and I want to separate (one child under 5) but, unfortunately, have just remortgaged with a five year fixed deal (our heads were in the sand about splitting up but it’s now becoming untenable). I’ve…
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new mortgage before divorce?
I am looking to buy a house in the new year, just in my name. I am separated (permanent and amicable) from my ex, but we have not actually divorced yet If I can avoid the expense until after i've bought a house, that would be fab, but wandered if this would create any issues with the mortgage when we get the divorce? As…
