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Joint mortgage help!
Hi all. Hoping for some advice from anyone who may have been in a similar situation as mine before - I am planning on visiting a mortgage advisor soon, but just want to see if I can get some prep in beforehand. I have a joint mortgage with three family members in total (siblings). Through recent events we are now looking…
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Kensington Product Switch
Hi all, Our Kensington fixed rate is due to end on 1st January 2020. I have been informed that Kensington will write to customers eligible for a product transfer/switch to a new fixed rate. Does anyone know if this is applicable to help to buy mortgages? Also does anyone know when this offer is made! I called them and they…
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Buy to let mortgage likelihood self employed
I left my full time job earlier in the year after I set up my own successful companies over the past two years. Business is doing well with and earning 100k per year at present. I don’t have any completed books but will have soon. I’m looking to buy my first rental property. I have a 20k deposit and looking at around…
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Potential complaint and advice
Hi all Looking for a little advice as I’m not sure if I should be making a complaint, and if so , who to. I haven’t suffered a loss but would have had I gone with a mortgage brokers advice, and I want to avoid others doing so. Long story short, I visited a mortgage broker and explained I wanted to look at debt…
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Sole to joint change after remortgage
Hi, Current situation - Mortgage in joint name (husband and wife) and going for remortgage with same lender / product transfer for a 2 year fix. In few months time, the title will be changed to sole name. Subsequently after that is done, I wish to change the mortgage from joint to sole. At this stage - What is the process…
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Salary requirements for mortgage
Hi I’m freelance / director of my own limited company hoping to apply for a mortgage this year and I want understand how eligibility is calculated... My salary last year was a lot higher because I had a couple extra contracts but this year my salary was what it’s normally at (about £15k less than the year before)... Will…
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Mortgage payment holidays and credit rating?
Hello, We make regularly overpayments to our mortgage and have done since taking this specific one out over 2 years ago (we made them previously but with a different provider). There’s a fairly significant piece of repair work required to the house which we hadn’t foreseen. I enquired with our mortgage provider today…
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Remortgage without a job
Hey guys just wanted a bit of help. Last year I decided I didn't want to work full time or part time for any company because I can easily make enough money to cover all bills and such by just doing odd jobs and mystery shops here and there. It's been going great, I even manage to pay the extra 10% each year no problem, but…
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Different advice from MAs
Hi all. I’m a FTB looking at property around 220k, I’ve been to 3 different mortgage advisors, all of them have told me different things. One MA told me I need 15% deposit which would of been £33,000 while the another told me I could potentially be approved with a 5% deposit, which is £11,000. Now I have £22,000 deposit…
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Nationwide first payment date.
I’m wondering if anyone with a recent Nationwide mortgage could help me. I’m trying to find out when they will take the first payment after completion. Some things I’m reading say it’s one month after, others in the first of the month. We are coming up to the point when moving dates will be discussed and we need to try and…
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How much all banks lend those days?
Is it around 3.5x joint income these days? Are there mortgage options available for first time buyers for 4x income?
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Endowment, to cash in at target or let run to maturity
Hi wise ones, I have an endowment that has come to its target value before its maturity date. I was going to let it run and continue paying in my monthly payments until end of term (I can't pay the lump off my mortgage yet without incurring penalties). If I let it run into next year could the result of brexit affect the…
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Late Endowment payout by Provider
Hello, My father in law received a letter from his provider stating that they had neglected to payout on a mortgage endowment policy from Oct 2009, which my father in law had stopped paying premiums on 10 years ago. This was not due to change of address just an admin error. The letter included an apology and a cheque for…
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My chances of the mortgage application being accepted
Hi new member here. Can’t stop reading through the posts about people in similar situations. I just wanted to know the likelihood of me getting accepted having put forward a application with Santander via my broker. I’m 29, self employed dentist. Tax year ending April ‘19 had gross profit before tax of 128K. 79K Year…
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1st time buyer nerves
we have AIP with nationwide and just had offer accepted on a house ( top end of budget and does need work doing) would it be better to go for a longer term ( I.e it's £50 difference between 25 years and 30 years ) to keep payments down ? we are hoping to make over payments of at least £50 a month , sometimes more if we can…
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End of fixed rate
Our current rate with the Halifax is due to end in March. We took it out 3 years ago when I was still in full time employment, I gave up work 18 months ago to be a stay at home Mum so my husband is now the sole provider. Will this impact our new mortgage? To be honest we are happy enough to stay with the Halifax but are we…
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Re-Mortgage advice
Morning everybody, hopefully somebody can give me some advice without me looking like too much of an idiot. I'm coming to the end of my first 5 year fix so it's time to look at remortgaging. Iv got a couple of questions 1. I bought the property for 70k but it had undergone extensive renevation from top to bottom. Judging…
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A mortgage offer can still be withdrawn after exchange – how to minimise the risk?
Not everyone realises that a mortgage offer can still be withdrawn after exchange. Has this ever been a concern for any of you, and what have you done to minimise the risk? It seems to me the only realistic options are to minimise the time between exchange and completion, or to amend the sale contract (which is unlikely to…
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Advice needed about change to title deeds and remortgage (Scotland)
Hi there. I am in the process of trying to remortgage. At the moment my ex husband is still on the mortgage (I didn't meet affordability criteria upon separation). We have been separated for 5.5 years. All amicable and he is happy to sign house to me and I have solely paid mortgage for all this time. The bit(s) confusing…
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Valuation problem
Closing this as asked and answered
