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Bonus Income Issue
Hi, I get a tricky issue regarding my bonus income when applying for mortgage. It would be nice if you can help take a look. I've been in my job for 1.5 years. On last year's bonus day, I was still in the probation period. I received very limited bonus. Later on, I passed probation and got a salary raise. On this year's…
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Process to complain about mortgage adviser?
Good evening, I am looking for some advice on what I consider a terrible level of service (I'm talking damaging my credit file, not just giving me bad news) from a mortgage adviser with all the accreditation you'd expect up on the wall. I am currently moving house so used the mortgage adviser attached to my estate agency…
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Remortgage application refused - 2 titles
Hi, hoping someone can point me in the right direction. I purchased my property 4 years ago, as freehold. Over the last few weeks I've been going through an application to remortgage to a new lender, as my current fixed rate (Halifax) has ended and I found a better rate elsewhere (TSB). Today I chased up the application…
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Bluestone mortgages valuation
Hi all We've out in our application with Bluestone on 5th, and they're already looking at it! :j They requested one document which our broker asked us for and it was with them 1.5 hours later. Approximately an hour after that, I had an email from Barratt homes to say the mortgage company had instructed the valuation! This…
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Interest only expires in 8 years, no method to pay it off
Hi I have an interest only mortgage with Santander for £145,000, which expires in 8 years. Some time ago I cashed in the the endowment policy I had, which is a long story but down to illness and not being able to work for a while. I've been putting this on the back-burner, as I also built up a large amount of debt, which…
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Nationwide mortgage port timescales
We're just starting the process of porting our mortgage deal to a new property. We've sent everything over to the broker this morning but he's out of the office until Monday so nothing will happen until then with our application. He does have colleagues but we are using this particular guy as my husband knows him so we're…
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Bridging Loan or short term mortgage? Help!
Hi, Can anyone help please as I haven't had anything to do with mortgages or loans for several years? I need my parents to move closer to me. The perfect house has come up in my road which will sell in days, I know others in our road who will also want it. My parents' house isn't even on the market yet. We have no…
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Something is better than nothing
Not really sure which thread this ultimately belongs as is a mismatch of a couple of qus but since I really would love to be mortgage free sooner than the term I have placed it here. I have a mortgage, new, with Atom and I am debating between monthly overpayment vs 1 off start of term lump sum. My op amount isn't vast but…
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Desperate help, please! Mortgage for annex property with council tax issue
Hi all, We're really hoping you can help as we are about to lose our dream 1st family home. We have had an offer accepted and have had surveys done and our now going for our mortgage but our advisor is saying no lenders will touch the property as it has a separate annex/chalet and there is a risk of subletting. The chalet…
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Mortgage Criteria help
Hi, can someone clarify what this means for Barclays mortgages? The following will be declined: “Satisfied defaults* totalling more than £200 and the latest is registered within the past 3 years” Does This mean that any satisfied default of over £200 will be declined, even if they were 4 years ago? Or does it mean that you…
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Platform mortgage AIP soft or hard search
Hi all, currently scouring the market due to our credit file. Anyone know if platform mortgages do a soft or hard search at AIP? Thanks in advance
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Cost efficient merging or two mortgages on the same property
Hello, We have moved to the bigger house and ported our mortgage with Nationwide. This has resulted in having two mortgages: 1) 260K (1.44%) 2y fixed ending Feb 2020 2) 210K (1.89%) 2y fixed ending July 2020 Is it worth trying to speak to the mortgage provider and ask if they can propose some 'deal' and provide solution to…
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Underwritters - Confused with what is going on....
Sorry to post this, but I'm very confused and looking for some advice if possible. Our application is currently with the underwritters but is being held because the property is worth £40k more than we are paying (we are buying it for £155k and it was valued by Santander at £195k). Santander are telling our broker that they…
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Ex-Partner not playing ball
Hi I have an issue that I was hoping someone could help with. My ex-partner and I split up a few months ago with him moving out after being found guilty of ABH against me. He has since stopped paying the mortgage leaving me to pay on my own. It's a bit tight but I can manage for now. We are both Joint Tenants. My mortgage…
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Buy to let help
Hi my partner and I ended up with a buy to let mortgage (couldn't sell the property) which we have maintained interest only for 15 years waiting for the housing market to recover. the latest tenant has moved out and we want to sell this property but not sure what the best way to do this. Do we sell for less than what is…
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Development/Uplift Clause
We’ve had an offer accept on a property but are now panicking about our mortgage eligibility due to a development clause attached. The clause itself reads; ‘ Reservation of Future Development Rights: The property is sold subject to a reservation of future development rights whereby the vendor reserves the right to 50% of…
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What do I need as proof of cash payment for mortgage
Hello all I'm currently going through the process of applying for a mortgage. I'm self employed and get paid under the construction Industry scheme. I have done one private job that I got paid in cash for, what would I need to show the bank in terms of proof for that payment? Would it just be the invoice from me to the…
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Mortgage DIP soft search. Worth a try? Please Help and Advise
Hi all and thanks for looking over my post. Me and my partner are looking to obtain a mortgage as first timer buyers with help to buy. We both have some missed payments in the past. I have an account payday loan that was running for nearly 2 years with arrangement to pay and they marked late payments against everyone. This…
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Mortgage for more than 90% but less than 95% LTV
I am considering getting a Yorkshire Building Society 95% mortgage. However, for the deposit, I am going to use funds from my LISA account, which amount to a bit more than 5% of the purchase (more like 7.5%). I do want to use all the LISA funds and not leave some in there. Is it possible to have a deposit that's not the…
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Central Trust second mortgage consent to let?
Hi, I have a secured loan with central trust. I need to ask for consent to let. Main lender has already agreed. But central trust operator I initially spoke with said its again a their terms and very unlikely but taken on a case by case basis. I have a job offer abroad, no job here, various money problems and this would…
