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How much can you borrow for Help To Buy
Does anyone know what they multiply your income by for a Help To Buy? I have been told it is less than a normal mortgage I am applying with Halifax Thank you in advance :j
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Remortgage 'Modified Affordability' Ruling
Hi guys, As per thread title has anyone here had or heard of any cases whereby a lender has utilised the FCA's more lenient criteria for remortgages - looking at monthly affordability over the more strict long term lending amounts.? Quoted from the money advice service: What the new FCA rules mean for you New rules from…
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Second Job questions
Hi all, I've been looking to buy a property for some months now, I've been employed by my current employer for 18months and currently sitting on £50k/annum (gross ofc). This January, a charity (my church) offered me a part time job (Fridays and Weekends - ~24hrs a week) and offered to pay me ~£14k/annum for work I used to…
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Change Of Equity - Restriction Meaning?
After some advice on behalf of my partner. 2+ years ago her and her ex partner stupidly purchased a house on a joint mortgage. Anyway a month after she moved out. Wont get into relationship details etc. Anyway, She moved out and he has solely been paying the mortage since she left. His new partner is now involved and she…
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Mortgage advice
Hello I wonder if someone could help me or give me the advice on the best person to ask. Me and my partner would like to buy a house together. It will not be expensive, just a modest 2 bedroom new build house around 200k. We have worked hard to pay our debts down and also repair our credit rating from 6 ago. My question…
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2020 any high street lender accept foreign currency income?
Hi, all: I've got regular salary pay in UK, but I've also got rental income in China. Without accounting for the foreign rental income i couldn't get the mortgage loan amount I need. Anyone know which lenders accept foreign income, specifically Chinese RMB income?
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How do I get a mortgage after I've settled my DMP ???
I settled my DMP 7 months ago and want to get a mortgage. Lots of " specialist " companies say shouldn't be a problem at first then come back and say I need an astronomical deposit or will have to pay 6% interest. I feel I shouldn't even have bothered paying my debts off as I'm in no better position. I struggled to pay…
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Halifax mortgage - LTD company HELP
I have one year worth of LTD accounts and a salaried NHS permanent full time job NHS salary is £40,000 before tax LTD is £24,000 before tax and £20,000 after tax (which I have taken out as divedens) both are pharmacists, LTD is a locum pharmacist When my MB applied for my DIP he used the £24,000 Plus £40,000 which gave me…
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Help to buy advise
Hi would appreciate some advice on help to buy my husband is 64 and I am 50 we are applying for a help to buy mortgage but when we complete the application it says its fails on the sustainability calculator. We want a 10 year mortgage. Any advise or suggestions gratefully received
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Can I get a mortgage right now?
Hello everyone, I have spoken to a few brokers and am a little anxious whilst waiting to hear back so wondered if anyone would know the answer to my question? My situation is this: I want to buy a property on a 95% mortgage I have good credit I am in full time employment and have been in my current job for 3 months However…
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Help to buy repayment (20% gov equity loan)
Evening all Been a long while since I was on here! We bought our house back in 2014 using the HTB scheme, we put down a deposit of £12,500, got a government loan of £50,000 and have a mortgage for the rest. Currently we’re on a fixed rate of 2.19% ending in June this year. Now that we are past the 5 year mark, we’re paying…
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Hello all... Just wanted to asses approximate time-scales on mortgage application.
Buying a house (new build) which is my second home. I am part-exchanging my old house and have gone through one of Halifax's Participating Broker/Builder combinations (opening up 85%+ lending on new builds). Buying a house for £650,000 with a £80,000 deposit. My income is £96k and my fiancee's is £56k. AIP was fine through…
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Missed Redemption Date. Who is at fault?
Hi all It's probably not even worth my time fighting this but the lack of service has annoyed me. The last day for my current mortgage deal was January 30th and I was supposed to switch to a new provider on February 1st. The initial redemption statement the conveyancer was about £1,000 more expensive than my balance as it…
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HTB Mortgage Fixed Rate Question
Hi there, Apologies if this is the wrong place. Just a quick question about the Help to Buy mortgage process. We are buying a new build property, due for completion in the Autumn and currently going through illustrations with a broker. Apparently they are telling us that as with the new build process we get the mortgage…
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CSA claim and mortgage application
Hi - I am in the process of claiming child maintenance from my ex. My query is are there many mortgage lenders that take child maintenance that is arranged unofficially into account when looking at income and borrowing? I am in a dilemma as to whether to proceed with a maintenance payment which is between ourselves or…
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HSBC Additional Borrowing
Hi Probably worrying unnecessarily but will ask for advice anyway. Looking to take some additional borrowing from HSBC. Currently have mortgage with HSBC with £130K outstanding + £20K additional borrowing mortgage with HSBC Joint income with wife of £75K and both been in jobs for a number of years. Been in house for 8…
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Underwriting
Was hoping to hear from Barclays today or tomorrow. Broker has said case is now with the ‘audit team’. He’s painted it as a random thing where they check the underwriter hasn’t missed anything. Does anything have experience of this? Is the broker right or is he putting a positive spin?
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Lower interest rate with fee vs. Higher interest rate with cashback
Dear all, In need of advice from mortgage advisors on here, regards mortgage interest rates. So our conundrum is: Should we opt for a lower interest rate with a fee (£999) or a higher interest rate with cashback (£500)? Asked for some quotes from mortgage advisors, and they are recommending higher interest rate with…
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Halifax 2.33% 10 year fixed - product fee error
Hi, I wish to make you aware that the above mortgage deal, which comes out at the top of the best buys list does have a £995 product fee when you proceed with an online application even though it says no product fee on their website here: https://mortgages.halifax.co.uk/hub I checked this with one of the Halifax mortgage…
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Age and mortgage term
Morning! Does anyone know if the banks take into consideration the oldest or the youngest applicant's age to calculate the max mortgage term? We're considering a property in the upper range of our budget so we'd like to take up the longest mortgage term possible to minimize the monthly payments (with the plan to overpay…
