-
Please help! Shared Ownership / Remortgage
Hi, Here is my situation: We bought 75% (initial 25% and then a further 50%) of our shared ownership property, now we would like to buy the final 25% but I can't seem to understand the whole thing and 2 brokers have told me opposite info which I just don't understand. I wanted to do the whole thing without putting any…
-
Deposits on my statements
We are looking to apply for a mortgage in the next six months and I’m trying to keep some good conduct on my account in the lead up to applying. Years ago I leant my cousin a bit of money (around 2k) as he was going through a tough situation, now that we are squirrelling money away for the house he has agreed to pay me…
-
First time buyer with a monster headache...
Hey everyone! I would really love some input and somewhere to voice my thoughts/concerns. My partner and I are looking into purchasing our first home. I'm self-employed with healthy accounts but old defaults and she's employed with a clear credit score and a decent, regular income. We've been to a mortgage broker who's…
-
Halifax underwriting help/advice
Can someone please help im going out of my mind 😣😣 So long story short app has been submitted via a broker. 85%ltv new build, porting existing and topping up. So we had DIP all approved and application submitted was told its had to go via underwriter as notice of correction is on credit file. Was told 48 hrs for response.…
-
Mortgage with 3 old defaults
Hello just after a little bit of advice before we meet with a mortgage broker In a couple of weeks. Me and husband looking for approx 75% LTV mortgage. He has a perfect score mine is 860 on Experian but I have 3 old defaults. 1. £400 for Ee feb 2016 2. £390 for Three sep 2016 3. £24 for cashplus prepaid MasterCard may 2015…
-
Should I change Mortgage Broker?
Hi all, Hoping to gain some advice as I am currently in a bit of a pickle! I am a newly qualified nurse with a salary of 23k P.A (Started in October 2019) I am due a payrise in April to go to 28k P.A - This is following my probation period ending, my line manager and HR have written a supporting statement to confirm this.…
-
Endowment Policy Matures in May But Value Plummeting Should I Cash In Early?
Our Prudential Home Purchaser endowment (ex Scottish Amicable) is due to mature very shortly on 5 May. I've been checking the estimated values regularly and towards the end of Feb it lost £1300 in a matter of a few days as the coranavirus took its toll on the markets. It's estimated value continues to fall, albeit at a…
-
Permission to live in BTL property
I currently own a btl house with a Natwest btl mortgage on a fixed rate deal. Due to personal reasons I would like to move in to the property myself, does anyone know if Natwest will allow this or allow me to convert the mortgage to a normal owner/occupier mortgage? Thanks
-
Tsb mortgage - ask for another payslip
Hi after abit of advice. We applied for a tsb mortgage last Thursday (27th) they then instructed a valuation of the property on thr Monday but didnt do it, they theb requested another one of my payslips and they did the valuation today. Im loosing sleep over how this is going to go really. We have a combined income of 50k…
-
What is a “Risk appetite”?
Hello I was recently turned down for a mortgage due to “Risk Appetite” the mortgage company will not give any information as to why besides referring to this term. I’d never heard of it before and just need to get to the bottom of what went wrong. I have good Credit and permanent full time Job. can anyone help me…
-
Electoral roll importance
Was living at home with the parents and was on the electoral roll the whole time (12 years) When I joined the army I was taken off it. That's going on 2 years now. Would this be flagged up as an issue with a mortage company? Or would the 12 years be more than enough?
-
Home report value versus mortgage valuation
Good morning all, Me again! Things are moving forward (I hope) and there will soon be a mortgage valuation done on the property I am looking to buy. The home report (dated late february) states a value of 105k. My 107k offer was accepted (it was marketed offers over 105k). Will the mortgage valuation likely go off the home…
-
Found house, wife on maternity
Hi All, I hope you are well on this Friday! My wife and I have been house hunting for almost a year, in that time, our current property has had a very patient buyer!! My wife had 1 year maternity leave which is due to finish in April where she will return to work. We found a house yesterday and put an offer in which was…
-
3 people owning a house
Hi everyone, Got a quandary and wondering which is the best route to go down to protect all parties. My wife and I are purchasing a house with a very close friend. Due to my level of debt it was agreed that my wife and friend will be on the mortgage to get the better rates. All 3 of us will be living in the house and…
-
Rtb
I am currently going through rtb i am the tenant with discount my son lived here all his life but is on application so i am finding difficult get mortgage but hsbc has said my son can get mortgage on his own but we will both be on deeds is it possible
-
Junior doctor mortgage affordability
I’ve been working as a doctor for 18 months now. The problems with mortgages as a doctor as I understand are that - we rotate jobs every four months so our contracts are seen as temporary even though we have job security. -Our pay changes with each job. -Our bay is broken down into basic pay plus banding. At the moment I…
-
Bluestone Mortgages
Hi all, Just wondering if those with experiences with Bluestone can help. I have an application in with them and the developer has called to inform me that the valuation will take place on Monday. Does that mean they have completed the underwriting?
-
Maternity Pay - SA302
My wife is self employed, she received maternity pay in 2017 - 2018. Our MB has put our application into HSBC. HSBC have asked for something to prove that the state benefit received in 2017 - 2018 is for maternity pay. The SA302 only shows as state benefit. Is there another way we can prove it was for maternity pay?
-
Should I clear my mortgage
I have an inheritance coming and I would like to know if we should pay off part or all of our mortgage.
-
property affordability idea
HiSo looking to buy my first house with my wife. Joint income is approx £36k (£25k me and £11k wife) and receive £1080 child allowance - 1 babyDeposit of £18k of my savings + £5k from wife totals £23k and my dad is willing to gift deposit £20k = total £43k2x CC with £3k total remaining - paying £50 monthly on each card…
