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Mortgage application with fair credit, 6yr old default about to come off and 10 pay day loans
Hi I have been going through the forums to try and find a similar position as someone else but have struggled to do so as most have been joint mortgage cases and not single applicants. I am at the beginning stages of potentially moving to a new home. I have been asked to use the developments broker who have provided me…
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Mortgage (House valuation)
Just went to renew my mortgage deal. I believe my house valuation should have gone up significantly due to recent sales of the same house on my street. The valuation did come back high and at what I expected but the building society have said this has come back with a confidence D - meaning they cannot rely on this…
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Do some lenders charge a product fee when switching to a new deal?
My mortgage is up in January and I went through a comparison website and got an offer from NatWest and my current mortgage is with TSB. TSB offered me a new deal which is slightly more expensive than the NatWest offer but as I don't have to pay an arrangement fee, the difference is like £200 over 5 years in regards to…
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Mortgage Offer & Job Change
So... bit of a sticky situation. We have an application in for a mortgage at the moment. My partner is currently in a job which pays under 15k and has an opportunity coming up which means he might be able to earn 18.5k on an apprenticeship with a full time job afterwards. Affordability wise, on my wage we can easily afford…
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Remortgage: To fix now or wait until Friday when our bank is revising intrest rates
Hello, Our current mortgage deal ends at the end of January and we met with our mortgage advisor a few weeks ago and she showed us our options and we decided to stick with the bank our mortgage is currently with Nationwide. We want to fix for 3 years as we will be looking to move to a bigger house in a few years time. They…
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Reassurance on mortgage application with large online gambling transactions
Hi everyone, I’m going to try and keep this short and sweet and just I’m looking for people’s opinions/past experiences. Thanks in advance. So pretty much I’m already a home owner (shared with my girlfriend) but a house came on the market that we really liked and decided to go for it even though we weren’t planning on…
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Director loan as deposit
Does anyone know of any mainstream mortgage lenders that accept a directors loan as deposit? I'm looking to use a directors loan to fund the deposit while I wait to sell my existing house.
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Employed and Self Employed Mortgage
Hi there, Wonder if someone could shed some light. I have been self employed since 2016 and my last accounts show me drawing £20k per annum from the business. My business is now self sufficient and I no longer have to be involved in the day to day running of the company and I still draw from the company. I have therefore…
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Overseas property and Stamp Duty
Hello, My partner and I would like to buy our first property here in UK. He is from Italy and quite some time ago he bought a small house in the countryside. It is of quite low value. Would anyone be able to advise me if being of a low value(legal value around €10000, commercial a bit higher), will it still count as a…
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Natwest valuation discrepancy
Hi everyone, I’ve posted on here a few times about my remortgage process. Anyway, we were accepted for a help to buy mortgage with natwest subject to valuation. The valuation took place yesterday, and the outcome is that it has been valued at substantially less that we believe it is worth. We purchased the new build 2…
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Help to buy/shared ownership/defaults etc
Hello I have three old defaults, last one settled August 2019. Would i still be eligible to use the help to buy/shared ownership scheme with a £5000 deposit at some point next year?
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Process of paying off a mortgage
Hello all! Personal family financial circumstances (read: future estate planning) mean that I am in a position to receive monies which can pay-off my existing mortgage. I have approached my lender and have received a redemption statement, but have not agreed on a redemption date as of yet. I have a few questions I was…
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Prudential Endowment Payment
As my endowment got closer to maturity, I was always interested to read about actual payouts. So, in case anyone is interested, ours is as follows : Prudential 25 Year Mortgage Monthly payment : £120.90 Maturity Value Total : £63581,82 Fund Total : £37,382.01 Final Bonus : £26,199.81 Started out as a Scottish Amicable…
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when is too old for first time mortgage?
I'm 44 and live in council accomodation. I have enough for a deposit for a place of my own, and am considering the first time buyer's ISA. However, as I'm single and have no kids, is there any point getting a mortgage? And at what age do you run out of time?
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Need some reassurance on my new house
Hi I’m looking for some expert advice and reassurance that I’ve done the right thing buying a new house. I’m a natural worrier and suffer from anxiety. My wife and I have sold our house which we bought 6 years ago for 180 for 240. I have put 120k deposit on a 4 bed ex show home near the Cotswolds which cost £425000, if…
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Trusted Mortgage Claims incorrect interest paid
Hi, I followed a Facebook link to Trusted Mortgage Claims who say they will investigate incorrect payments on interest only mortgages. As I have a few interest only buy to let mortgages I was interested. Having looked at there trusted pilot reviews the majority refer to contact with one person (Farhan Safdar). Having now…
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Mortgages and commuting
Hi guys. Just offered on a property and looking to process mortgage application through Nationwide directly as we are porting existing mortgage. They ran through DIP today and we have a full application appointment on Thursday. Just wondered if anyone had any experience on how they are with long(ish) commutes? My husband…
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Re-mortgaging
Hi, New to the site and trying to sort out some of my finances. I have an NRAM mortgage which is transferring to heliodor/topaz. I have £54k remaining on my mortgage and was thinking I would try to re-mortgage and clear off some debt. My net pay is around £2250 and my current mortgage is £450 pcm. I know there are better…
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What disposable income do lenders want?
So sorry for all of the questions! I have been driving myself crazy (like most people, I know!) about the mortgage we've applied for with Bluestone. What sort of disposable income do they want to see after mortgage payments and all bills, including food costs etc. 2 adults, 4 kids. Any help would be massively appreciated,…
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Remortgage + Discharged Bankrupt
We want to remortgage as our current mortgage due to revert to their base rate early Jan 2020. I did a search and was called back by Fluent Money who have promised to get us the best deal and not charge us anything for the pleasure. Hmmmm? Anyways, the first info i gave them was that my wife had a discharged bankruptcy…
