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Mortgages & endowments

Archives for February 2020

Guarantor mortgage & Help To Buy
Does anyone know if you can get a guarantor mortgage on the help to buy scheme? Thanks.
Future first time buyer, looking for advice.
Hi! We have been saving for a house deposit and have managed to get £12,000 together so far. We are currently renting and paying £820 a month and need to try get on the property ladder as soon as possible, so my questions are... 1. How likely would it be for us to get a 5% deposit mortgage? 2. Would it be better to try…
Mortgage and Probation Period
Hello folks, My partner and I are buying a new build home for 370k. We have a 200k deposit. We both earn 40k each with our employers of 5+ years and have clean credit records. If I change my job anytime before we complete (such as before mortgage application or before completion), will this affect our purchase, do you…
help!
My Ex husband and I bought our house together fourteen years ago. Seven years ago we broke up, he moved out and stopped paying his share of mortgage payments. We got a ‘quickie divorce’ which he pushed for as he wanted to remarry. I didn’t ask him for any money at the time. I have been covering the mortgage for the last…
How much can I afford for a house?
Hi, Hoping to get a mortgage in the near future. Basically when I use one of those online how much can I borrow calculators, let's say it comes up with 150,000 maximum. So does that mean I would need to look for a house within a 150,000 budget or would that mean I'm borrowing 150,000, but would also have the deposit amount…
Am I a first time buyer?
I am 34, I previously held a joint mortgage with my ex wife and when that marriage broke down the house was sold and the remaining mortgage paid off. I never actually "owned" the property but did have a mortgage on it. Since then I have been saving money and the time is approaching where I need to apply for a mortgage. The…
When can we get a mortgage?
We're FTB hoping to get onto the property ladder very soon. I work full-time with a permanent contract, husband is a trainee teacher and has just secured his first job for September. We have a very sizeable deposit (looking for LTV of max 70%) My question is how soon could we realistically get a mortgage? I know most banks…
Precise
We have had a AIP with precise vision a broker. Submitted application on Feb 28th so it’s now a waiting game. My credit is shocking with defaults and DMP’s but none within the last 2 years. My wife’s is brilliant and the advisor has an assistant underwriter who checked all documents and criteria before the application was…
Providing wageslips
How do you provide wageslips if they are passcoded PDF’s if the answer is your bank statement then they only show wages after tax... can you provide PDF photo copies of the wageslips ? Thanks in advance
Agreement in principle
Hello I have had an agreement in principle approved for the amount I wanted online with Barclays. I chose Barclays because they had an easy online application form and they only perform a soft search. I have since spoke to an estate agent and mentioned I got a decision in principle with Barclays online and she said this…
Paying off Mortgage before moving house with another mortgage.
Hi I am in the position that I am able to pay my mortgage off before moving to more expensive property in the next 6 months. I will be getting another mortgage, on a better deal as part of the move. Will it reduce the admin headache or cause me any issues by doing this? Thanks
Options ??
Me and my partner , private renting (Scotland) for nearly 4 years , both of us with a poor credit files, however her father who is financially sound offered to take on a mortgage for her . He was going to pay the deposit and we would make the payments and live there, but we are not sure this is possible ??? Her father owns…
First time mortgage - advice please
Hi everyone I am looking for some advice on a first time mortgage. I am currently in a bit of debt but that will be cleared off in the next 4 months or so. The debt was due to a large decrease in my finances meaning I had to take out a few credit cards a few years ago, they defaulted but in the last few months I have had a…
Letter of Consent and Postponement by Deed
This topic has been discussed in the forum earlier but my case is a bit different and I was hoping someone could give some light. I have been offered a mortgage by HSBC. At the application appointment I was asked if anyone above 17 would be living with me at the property at completion. The answer was no because I will be…
How do Halifax advise of offer??
We recently had a mortgage application with nationwide however the valuation came back lower than anticipated for a new build property. We therefore have been advised to submit an application with another lender to get a second opinion for evaluation. We have submitted an application to Halifax via a mortgage broker and…
Competition watchdog to take action after finding evidence of serious issues in leasehold selling
The competition watchdog says it has found evidence of potential mis-selling and unfair contract terms in the leasehold housing sector, and is set to launch enforcement action... Read the full story: Competition watchdog to take action after finding evidence of serious issues in leasehold selling Click reply below to…
Home insurance
Hi our mortgage advisor advised us to get home insurance in place for the property we are buying. We haven’t had a mortgage offer yet and worried that there will be more footprint on our credit files. He did so a quote from the insurance they provide. Would looking for more quotes affect it bearing in mind we opened a…
Mortgage offer retracted during house sale due to Santander error
On 18th Jan I went to Santander to apply for mortgage in principle. Was honest about negative credit score after a divorce left me saddled with all debts. Application was approved and we made offer on a house. On 8th Feb we made full mortgage application and again this was approved - our solicitor and I received full…
Tell me if I was being silly......fixed rate...should I change from 10yr to 5 yr before completion?
Hello everyone, I am a first time buyer who has been agonising over how Brexit is going to impact interest rates. It is quite and unsettling time to be a first time buyer! I have just received a mortgage offer from Nationwide. Before my appointment with their advisor, I had looked up their mortgage rates online and spotted…
Will my poor credit affect house purchase?
A few years ago I went through a pretty bad relationship and ended up in a mess with defaults and payday loans. I've worked really hard to get everything paid off and haven't had anything negative on credit file for 2 years. My credit score has not really recovered. I have a credit card which I use every month and pay in…

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MSE News

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