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Remortgaging & porting questions
We remortgaged in December 2019, choosing a 2y fixed rate deal. We are now looking to move (probably spring/summer) and will port our current rate and balance (1.59% on 340k). We need to borrow a further 290k and have an AIP for that. We would like to fix the futher 290k for 5y on a current deal with the same bank (1.79%).…
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Mortgage gone to appeal
Hello so we applied for a mortgage with Santander a week ago. It’s now gone to appeal as the underwriter found a phone bill on my husband report that was paid late in 2016 for £22! Our adviser said it’s worth going to appeal as it so small and long ago. Anyone had this and came out successfully? Absolutely gutted if it’s…
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Protecting my money
Hello, My boyfriend and I are looking at buying our first house together. I will be putting down the deposit and have around £60,000 saved. I understand (roughly) that when putting down the deposit we can draw up a deed which will set out what percentage of the house will be mine and what will be my boyfriends ( we will be…
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Do banks reward account holders with. better mortgages?
Hello I have two current accounts. The first with a bank I've had for over 20 years and the second I've had for 6 years. The second younger account no longer serves its purpose and I am considering closing it. However, it is a bank which does offer mortgages and I wondered if, as a customer, it might be worth keeping the…
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Self employed income calculation for mortgage
Hi. I'd like to find out how banks calculate self employed income. I know they want to see 3 year tax returns and they look at profit after expenses. But lets take this example and lets say last three year I've earned 10k, 30k, 50k. So they take 90k and divide it by 3 which comes to 30k annual income? Or they use different…
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Remortgaging in my name only (without my wife)
Hi all, I currently have a mortgage on what was a new build property. I got a five year fix, and that ends in 18 months time. My plan is to remortgage the property to include the 20% Help to Buy aspect, this should total less than £90k which I should be able to service with my salary of around £25k. However, I've realised…
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95% Vs 90% first time buyers
My partner and I live and work in the Southeast. We are saving for a deposit. We are reaching the point where we could get a 95% LTV. We recently visited friends who live in a more affordable city and we were impressed by what they could afford. I see three options: 1) 95% LTV in the southeast 2) save longer for a 90% 3)…
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Not sure what to do - mortgage application in 2-3 months
I have 4 credit cards which I am paying off at £750 monthly - current balance just over £6000. One of the cards (balance £3000) runs out of its 0% deal on 20th April - I recently was accepted for a Virgin BT card in December but the deals have run out on that and my other cards. The MBNA card will be at 29.9% when it runs…
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Waiting for offer
Hello all. The full app for our mortgage went in last week and the valuation was completed and reported on on Tuesday this week. The surveyor said that there was some historical movement but nothing recent and that it should have no impact on the mortgage offer. My broker told me on Wednesday that he hoped to get an offer…
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Mortgage offer
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Mortgage for half a house - advice please!
Hi, I am new to the forum and I was hoping to get some advice! A close relative recently passed away, leaving their house to my mum and her sister, who plan to sell it in the coming months. I was wondering whether it would be possible for me and partner (both first-time buyers) to secure a mortgage to buy out my aunt,…
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Mortgage offer - retention?
Our survey valuation came back from nationwide recommending a 5k retention for works to be completed. We now have the mortgage offer and I cannot see any mention of the retention in the offer. Does anyone know if this means the offer may have been made without the retention? Will email my broker to ask as well. Thank you
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Santander AIP - Overdraft
Hi all, I’m at the beginning of my FTB journey and my
mortgage broker has managed to get me an AIP with Santander for the amount I
want, however I am a bit worried as I regularly use most of my arranged
student overdraft (£1k limit). I’ve made my broker aware of this and he’s had
copies of 3 months bank statements. Has…
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Borrowing after a cash buy
Please bear with me on this one, it's a bit complicated but I'd like some advice on the best course of action to take as I've read conflicting views online. In a nutshell, myself and my fiance have seen a house we'd like to buy for £260,000. It would be a full renovation, costing an estimated £100k+ for full re-wiring,…
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Mortgage Broker
Hi, How do we find a good, local, free, independent Mortgage Broker? Thanks
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I've got a little debt and about to buy a house! Very nervous and worried need some advice!
Hello, Me and Partner are first time buyers, we are due to go for our mortgage appointment next week but I'm massivley nervous! I've got a small amount of debt including catalogues and credit cards (Although my credit cards are my only concern) I pay my payments every month without fail and have learnt my lesson so the…
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Did full mortgage application but lender reduced AIP amount by almost half!!
Hello all, hoping I can get some guidance here on what to do next. We applied for a mortgage (first house) with Santander but only at the last minute they decided that my 2nd job income can't be used for affordability, and almost halved what they originally offered in our agreement in principle! what are our options now?…
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Re-Mortgage or New Mortgage
Here goes.... please be gentle, I am after some advice if possible..... So I have finally made the, right, decision to sort my credit card debts out, they are pushing £20k, I am disgusted in myself but my head is now well out of the sand and I have decided to try and get out of this mess ASAP! Myself and my husband thought…
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Feel trapped, enslaved, cannot release equity from home
Remortgaged my flat for a maximum £187000 around 2004 while still in a marriage, to invest this money in land being bought by husband at the time (now ex) and his brother. The ex arranged all papers telling me this will be for our retirement. I have 3 children with him and wanted the best for our future. Forward a few…
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Release money from oart buy
Hi guys my question is is is it possible it remortgage my part buy part rent house and release money at the same time? I have no idea how these things work so any help would be great Thanks in advance
