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Shopping around killing your mortgage credit score :-(
I have a BTL mortgage offer from a company but they have drastically reduced the amount from my decision in principle offer. From £416k to £370k as they insit im a higher rate tax payer - despite my accountant proving im not, and they knocked £30k off the house value. This means I can't do the deal I wanted. So I have…
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Can’t get s p60
hi I have had my current mortgage for ten years and have been over paying to reduce the term unfortunately due to a marital break down I need to remortgage but my current mortgage supplier refuses without a p60 which I can’t my base is uk but due to my work I’m classed as an expat and do not pay tax but am fully paid up in…
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New build - 11.5% builder's incentive - struggling to get a mortgage
I own a couple of rental properties - both houses, freehold, non new-build, owned through a ltd co.. I'm now hoping to buy a 200k btl new build flat in Manchester for which I'm looking for a 75% LTV mortgage (ideally, but could go all the way down to 60% if required) . The broker I usually use is struggling (and almost…
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Remortgage sums help please
Hi all Our mortgage fix is now coming to an end so just looking at our options. Would ideally like to stay with NatWest for now. We will be looking to move in about 2 years time so a 2 year fix will be fine. We have 93804 remaining with 55%LTV was at 1.91% our options are... 2 year fix 1.53% with fee 995 to include or pay…
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Self employed needing mortgage advice
Hi im going to apply for a mortgage very soon. Just a couple of sticking points. My creditkarma score is 601/701. Couple of yellow highlights there are HIGH IMPACT Credit limit £3,000 This is the credit limit on your Virgin Money account. A credit limit over £4,000 and low utilisation will help your score. HIGH IMPACT…
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Bluestones?
Hi Question not for me but on behalf of my neighbour who is selling his old family home (has already moved to a bungalow). A couple who are first time buyers made an acceptable offer 3 weeks ago. As I understand it and I may be incorrect, they are getting their mortgage through the EA broker, who got an agreement in…
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Will lender frown upon me putting our holiday on a credit card?
Hi all. Last year we booked a large holiday with our kids and other friends. We are still paying down the balance by 300 a month and have 1200 left to pay. We also have about six months until our new build house is released for sale so we have to make sure we reach our deposit target by the time we reserve the plot (est…
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What mortgage cover do you have?
Hi all, Any advice and opinions would be great thanks...Our mortgage broker has sent over a list of different mortgage protection. Critical illness, mortgage paid on death, serious illness cover and income protection. To add all on takes mortgage from £800 to £1000. Obviously we would like cover but just wondered if most…
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Remortgage - Help to Buy
We are looking to remortgage and, in doing so, borrow more to repay Help to Buy in full. Mortgage advisor is saying that we are severely limited in lenders due to us having Help to Buy. Appreciate limits if we were keeping the HTB, but surely we have more options if getting rid of HTB. NB, we would be looking at a loan to…
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Brokers - is this placeable?
I've just had a call from a young mortgage broker relative of mine who asked my advice with regard to placing the following case - The client (a portfolio landlord) is a 100% shareholder of company A. Company A is the 100% shareholder of company B. Company B is an SPV (with the right SIC code) under which the client holds…
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Barclays - Sheer Incompetence
Hi all, Let me share my experience and please tell me if this is normal because I'm genuinely at a loss for words and I cannot comprehend how an organisation that decides on mortgages can be so incompetent and disorganised. I'm a first time buyer for a new build (28 exchange deadline) so my solicitor has been dealing with…
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Mortgage application documents
Hi I have checked three times with nationwide and I find it odd that they only want one of my payslips and my pip award. They don’t want bank statements and they said the verify it electronically if they can but I don’t get my income there. I use Halifax. I am finding the application process not to be as stressful as I…
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Post Office Money - Online Bond Statement
I'm in the procees of sorting and confirming a morgage, and I need to prove the existence of a deposit via a bank statement. The money in question sits in a Post Office Online Bond account, and my lender wont accept a screenshot of my online login / banking as proof. Is it possible to get either a downloadable pdf…
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PCH effect on mortgage
Hi, I am looking to clear my loans and get a PCH "contract hire" does this show up on your credit report? If so can will this have a negative effect on a mortgage application?
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First time buyer - section 106 shared ownership
Hi guys I am new here but looking for some assistance if possible Our offer was accepted on a property subject to a 106 and shared ownership. Section 106 states we need to have a local connection to the north Devon area so is not too limiting. Our offer was accepted in December and since then I have been awaiting our…
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Help with mortgage application
I’d be really grateful for some advice, I have an application in with Aldermore (we are currently on DMP) and they have asked for an explanation around our credit card usage. Usually these are used throughout the year for day to day living and paid off in full once a year when my bonus payment is received. This year we…
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Future Mortgage Seeker - Questions from a future First Time Buyer
Afternoon All Fully appreciate this is a projection of where I want to be in 3 years' time but I am hoping someone can advise. I would like to be in a position to purchase my first home in 3 years. My credit history is adverse due to PDL use which will be 3.5 years old when I am hoping to apply for my first mortgage. No…
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Impact of partner with little credit history
Hi again, Quick question. Mortgage application about to be submitted for 90% LTV on circa 400k of borrowing. Joint income just north of 100k. Partner is very credit averse, and as such, has only ever had 1 credit card in her adult life which she only took out about a year ago because she was told she should build some…
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Renewing a fixed rate soon
Hi Im new here.My fixed term comes up for renewal end of March. Have discussed with lender their new contract if we stay with them for a new 5 yr fixed term.Also mentioned I would be paying off a lump sum of £10000 .I can do this without incurring penalties which is great.My question is why can't the lender tell me how…
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I have been told that the big house builders, surveying institutes and high street lenders
often meet, particularly when deciding on pricing for large developments. Is this to discuss what houses will be priced at & check that everyone is on the same page? It feels a little corrupt, to me... But perhaps it is just a way of greasing the wheels and prevents multiple houses falling through due to over-valuation in…
