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Barclays spring board mortgage
I’ve always put money in my sons bank account, he’s only 9 and currently has £7000. At present me and my husband rent our home but we are desperate to own our own property. We currently have £3000 in our help to buy ISA’s but we are struggling with saving and paying rent. The area which we live has a small selection of…
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Choosing Mortgage Broker
Hi All, What is the best way to choose a mortgage broker and best time to look for one. I am also not too sure what is the difference between a broker, advisor etc. What kind of things to look out for when choosing one? We will be buying a new house and selling our first home, can they deal with both the transactions? Do…
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How is mortgage affordability worked out?
Hi, I am on a 25 hour contract with my current employer however I am required to work 40 hours as a minimum. I called Natwest today re-a mortgage in principle and they advise they’re only able to give me a mortgage based on my 25 hour contract as opposed to 40 hours I work. Is this correct? I can get a letter from my…
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Best options for older buyer
Hello folks. First post and hopefully not too tedious. At the moment I am 52. I have a house which I bought 30 yrs ago worth approx £185k and which has been mortgage free for a couple of decades. I am retiring at 55 with a Sipp valued at approx £1 million (if it stays reasonably stable). I have seen a house which I and my…
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FTB nationwide mortgage application
Hi, sorry if something simular has been asked before. I have applied for a ftb mortgage with nationwide, I received an AIP in March, the valuation was then delayed by covid. During lockdown, I was made redundant so I applied for payment holiday on my pcp car loan. I was told this wouldn't effect my credit. Now they have…
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Halifax employment checks
Hi. I'm in the process of buying a new build with my husband. We have reserved and will be exchanging next month. I'm currently furloughed (Halifax are aware) unfortunately there are talks of redundancy. My husbands job is very safe and as he's on a very good wage we can easily afford the mortgage on his sole wage. However…
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Am I eligible?
Hi all... first post but I thought I would ask some advice and the web is a minefield. Current situation - 38yrs old, 3 x default (all 18 months old and currently non satisfied), have a lump sum for deposit (can put in about 15-25k and this is being gifted). Work part-time (12k annual and I’m also a student). Looking at…
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Porting a Barclays mortgage onto a new property with a foreign income
Hi all - Bit of an interesting one, knowing how bank algos tend to "computer says no" and there is no human way to interact with it, I was wondering about the below, and if it was doable at all: I currently have a large mortgage with Woolwich - I am looking to sell my home in August and sub-sequentially buy a home from…
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Nationwide Text message updates
Hi all. Recently applied for a mortgage with nationwide. Received a text today that reads “ Hi, Nationwide here. A valuation has been booked for your mortgage application on: . There's no need to be present unless we've arranged this with you.” Email they sent me also doesn’t have a date that the valuation will take place.…
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First time buyer and furlough
Buying first house with partner who is currently furloughed works in hospitality. Is there any lenders considering this type of furlough? We are looking at ltv 76% our credit report not great (3 defaults all now paid over 4 years) thank you
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Mortgage deed after offer..leasehold.
Hi I'm a first time buyer and buying a flat (leasehold) on my own so all this is a bit alien to me. I had my mortgage offer last week finally after waiting paitently since march and today recieved a letter from solicitors for coming into the office to sign the deeds. Bit confused, should I be seeing the lease agreement,…
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Old I interest mortgage
How can I find out if I paid interest on a Morgtage that I took out in 1985 and sold it in 2003
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remortgaging and letting
Am a bit confused about what to do, I'll be grateful for any advice. Let me outline the situation... - My wife and I have been in our current property for about 3 years and are coming to the end of our first mortgage term - we had a 3 year fix. - Our preference would be to remortgage on another 3 year fix with our current…
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Credit rating low but multiple houses
Hello, Around five years ago I defaulted on a credit card, I had moved house and completed forgot about it. Hence my rating is quite low as I have always cash bought houses and not borrows much. Anyhow, I have recently Inherited funds for a second holiday let in the lakes. I intend to do the same as the last and rent to…
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Understanding new LTV when porting
I was wondering if someone could, in layman's (lay women's) terms explain how the LTV/interest rate is worked out on the additional amount of borrowing when porting a mortgage? We are moving house and the one we are purchasing is £318,000. Thanks to overpaying we only have just under £49,000 outstanding on our current…
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Natwest process
Has anyone been successful (or unsuccessful) with Natwest recently? How long did it take to receive a decision and did you hear if you were successful/unsuccessful before valuation? DIP (through a broker) last week, full application yesterday. Are the DIPs still a hard check? Thank you :)
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Valuation survey - esurv
Hello Esurv have contacted our estate agent to try to book a valuation survey. But as the office is over 10 miles from the property the computer said no! The house is very rural but empty which is why they need to collect the keys from the agent. I appreciate they don't want to spend all day driving around picking up and…
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Mortgage companies looking at finances
Hi, We are planning to put our house on the market next week. I am bit concerned about the financial situation evaluation of mortgage companies. We had some debt that we cleared in May (all not yet showing settled in credit report) will we be asked about this? How far back do they dig your bank statements to analyse our…
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Student mortgage with lifetime isa, large deposit?
I am due to start university as a mature student in October. I was planning to purchase my first property, a flat as a cash buyer. I have recently found out that the lifetime ISA I have can only be used with a mortgage, which I do not think I will be able to get as I will be a student without a job. Is there any way around…
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All gone so fast...
Evening folks. Everything has gone so fast, been really busy over the last 2+ weeks. We decided on an estate agent and she hasnt failed us. House put on the market last thursday valued more than i thought. Had 13 viewing over the weekend into monday. Got an offer at market value plus a few cheeky offers, and we accepted.…
