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Running the MSE morg comparison price isn’t the same as my lender
Currently on SVR and I ran the MSE comparison for my lender. Found the same fixed deal, same percentage, no fees etc but the MSE is about £40 more than running it direct online through my lender. Other deals not my lender, again are much cheaper, eg first direct. The comparison only allows whole numbers, whereas my morg is…
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Best credit for mortgage applications
The good news: I have 50k The bad news: I have two debts, 9k on a 0% credit card. (Minimum payment around £100/ month) 6k on a loan with 2 years left (£160 a month) if I were to apply for a mortgage, would I be better to: 1) have a bigger deposit and these debts 2) have a smaller deposit and pay them off 3) some…
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Money for home improvements
Hi, need some advice please. My husband and I are in our early 50's, both work full time and have one, nearly 'independent' child. We are lucky to be mortgage free on a house worth around £350000. We have been planning to do some major work to update the house ( full refurb, extensions front & back etc) for some time and…
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Where to go to get a mortgage in principle ?
Im looking to buy my first home and want to get a mortgage in principle but I don't know anyone who can recommend a specific company or advisor to go with. Does it really matter too much, are most advisors going to be able to have access similar lenders and therefore be pretty much the same ? I also looked at online…
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HTB poor credit mortgages
Does anyone know if there are any lenders that are currently doing HTB for poor credit? I have 2 defaults both settled, one from 4 years ago with Vodafone for £120ish and the other from Feb 2018 with vanquis for £420. No bad credit history since then.
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Variable income (overtime and bonus) no longer acceptable?
Some lenders (possibly all) such as HSBC and Nationwide no longer seem to be accepting bonus or overtime as income on mortgage applications. Does anyone know if this policy is likely to end anytime soon? HSBC say "Variable Income will not be acceptable during the CV19 pandemic" so does that mean until there is a vaccine?…
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First time buyer, evaluating mortgages
Hi all, For context: I'm a potential first time buyer thats currently in what I'd call an exploratory phase of my search. That is, I almost have the deposit together and will be seeking a gift to help with fees as part of the buying process. That said, I won't be actively searching until about 3 months from now so my…
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Mortgage & Corona Questions
Hello, Just before corona virus hit the UK like it did, we put in an offer for our first house, had a DIP form our lender, everythings now after months moving forward. But we were told not to open a joint account yet until we have moved, or open any credit cards (no plan for credit cards, but we wanted a joint account for…
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2 applicants, 1 British citizen, 1 without indefinite leave to remain
Hi New to the forum - I've done a quick search and could only find some very old threads about this topic. My fiancé is from Australia, and we're looking to buy our first home over the next few months. I am a British citizen. We have seen a lovely property for £200k, and each have £10k deposit sitting in our LISAs ready to…
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Am I being silly?
Afternoon, let’s just take Coronavirus out of the equation for a second, when I started looking at selling my house and buying another in Jan. I was thinking my max price was 200K, now I’ve seen two properties that are priced at £220K and I’ve been cleared by two financial advisors that it’s fine. As I have a 20% deposit…
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Mortgage application & credit file
My partner & I are applying for a mortgage to move home. I have a question regarding credit checks Basically I ran up debts of 15k a few years back, paid a good chunk off via ppi payout but since then the debts have gone back up a bit. (currently at 8k) No excuses just living beyond means. Anyway a broker has got us an…
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Yorkshire building Society & Ipswich building society ?Anyone have experience good or bad
I am getting ready to apply for 90% mortgage with YBS or IPS next month. I need to use them because of my credit history (1 default which is satisfied). I got AIP with YBS before the lockdown. Anyone have experience with YBS or IPS?
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Release equity from BTL to buy home
I would really appreciate thoughts from the brokers on the forum. We own a BTL property worth 500k with an o/s mortgage of 160k, monthly rent of 1800. We currently rent and would like to release about 150-170k from the BTL to buy a house outright to live in. Unfortunately, my wife has started her business recently so we…
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Some Mortgage Questions
I'm looking at the 5% help to buy scheme and I have a few questions about the costs associated with the whole mortgage process. 1) When applying for the 75% mortgage, how is the 20% equity loan taken into account when paying it back? For example, if I get a £150k mortgage on a £200k house and a mortgage calculator says my…
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Help deciding which route to take
Hi, I wonder if anyone had some advice on best way to go about getting a new home? I currently own a house outright (no mortgage) worth between 240/260k pre Covid 19. I want to buy a new home but given the uncertainty of the current market and not wanting anyone round my house I want to see the best way of financing a new…
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Advice needed... Using potential rent when applying for new mortgage?
Hoping you lovely lot can advise!? We are unable to sell our flat due to delays in getting the EWS1 safety certificate. We own the property outright (No mortgage). Our dream house has come on the market but we would have to buy without selling our current one. Would the potential rental income on our current home have any…
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Will car pcp affect mortgage application
Hi FTB here. I currently have 3 months left on a car pcp, Im debating on whether to get a small personal loan to pay the balloon payment or send the car back and car share with my partner. all payments made have been on time, account says in good standing on Experian, my question is will this still be considered on…
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Does universal credit affect mortgage application?
I can’t find anything concrete on this. I am self-employed and contemplating applying for universal credit, however will be applying for a mortgage over the next three months. My wife’s salary covers our mortgage requirements and repayments, so it will be a joint application based purely on her salary, but I wonder if…
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Remortgaging - fair credit score
Hi there, newbie here looking for some advice. I’m currently 10 years into a 25 year Halifax mortgage and I’m looking to borrow another £100k on my mortgage. We currently have about £400k equity in our property. All good so far but my credit rating is only fair as I’ve high CC debt and missed a couple of payments a few…
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Overpaying or saving
Good evening. I realise first thing when reading the title is the golden rule of comparing interest rates. However, I am currently saving for an investment property, most likely a holiday home abroad. My mortgage is fixed until November 2022 at 2.14%. I am currently saving into all accounts I am familiar with where the…
