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Mortgage Application. Bank Statements and Multiple Accounts
Hi there, I was wondering if someone could help me with my query. I am going to look to apply for a mortgage hopefully in around 4 months time. I currently have about a 30% deposit. My only issue at the moment is that I am on fairly low income and most mortgage calculators predict that the amount I want to borrow is at the…
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Mortgage
I’ve put my self as a vulnerable customer with my bank, few months as I use to take depression tablets and made , a complaint about hold times first every compliment with them. Now I’m thinking why did I ever tell them I thinks it’s pointless and may even have a detrimental effect to me, Should I ask to remove me as a…
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Preparing for end of help to buy
Hi we are 6 months into our help to buy mortgage. We have a 5 year fixed rate mortgage and are hoping to pay off the help to buy loan at the end of the 5 years by adding it onto our mortgage. To prepare for this we want to save up a bit of money. Just wondering if it would be better to pay extra payments each month off our…
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Waiting for a decision Mortgage application
Hi all, I am absolutely loosing my mind waiting for a decision on my mortgage application. It was submitted on Monday then on Thursday the broker advised that the underwriter had concerns about affordability. Lender also queried a few transactions which I answered straight away one was a debt not declared found on my…
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New Homes Mortgage Helpline Lending Criteris
Wondering if anyone has any insight about NHMH. I am wanting to buy a new build with Bellway, but I have less than ideal credit. I have been offered a mortgage from Precise but have been advised I need to get approval from NHMH before I can reserve. I want to limit the amount of credit hits in my file, and understand the…
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Getting a joint mortgage but one of us has high outgoings
Hi there, Me and my girlfriend got a decision in principle from Nationwide a few days ago. We are first time buyers and both just a bit worried about if we will actually be able to get a mortgage. We are looking at a new build so will get 20 percent help to buy, we have saved 5 percent as well so our mortgage amount is…
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RE-Mortage Question
Looking for some advice for some relatives. They are old, both 70+. They own one property worth £500,000 no mortage, currently being rented. Another property which is around £800,000, mortage of £270,000 left. They want to take out a loan of £50,000 against one of the properties. One of their files is not great, a CCJ and…
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Mortgage holiday extension (Santander)
Hi, I've received the 'your mortgage holiday is coming to an end ' email but when trying to complete the form the unique reference doesn't seem to work. I have tried to contact them. Has anyone else had an issue with the online form? Thanks
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Developer Contributions
I am looking to buy a house on help to buy - and the developer is offering a 5% deposit, does Halifax accept this as this is who i am getting my mortgage through and they aren't open now until after the weekend?
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First time buyer... HELP!
Please bear with me as this could be a long post. We started looking for a property in Scotland as a couple and found our perfect house, however my job is transferable the wife's isn't so we have been advised by a broker to look at single application. This is where to confusion starts, besides my income we have 2…
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Mortgage after furlough
I’ve just spilt up with the wife and am leaving the family home. I am still on the mortgage here until 31st Aug but am looking to buy as soon as possible and already have my eyes on a property that is suitable and I’ve had a decision in principle based on my standard salary that would enable me to buy it. But like many…
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extnding Interest only-worried about awkward questions
Hi we took out a IO deal with Santander in 2006 at .49 ABR tracker fixed for lifetime. Best decision I ever made. We would like to spend some money on the house, around £10-15K and putting this on the mortgage sounds sensible. We have a £160k mortgage and about £100k equity. We have no plan to pay any of the loan off, just…
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Help to buy deposit help
Hi, Hoping someone can help me make sense of this. So we have bad credit...last year we tried getting a DIP with bluestone for a new build using help to buy assuming we would have to pay 5% deposit then 20% from help to buy. They come back with a dip but they wanted 10% deposit and 20% help to buy. Now at the time we…
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Max lending & interest only advice pls
Hi, I’m seeking a little general advice before I approach a broker to manage my own expectations - please be gentle! Never had an interest only mortgage before, however a part & part might be my only option to keep my house post-divorce. The big question is - how likely am I to find a lender who will lend almost 5 x salary…
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Lone mortgage - how much REALLY are we looking at?
Looking to start looking to buy a house in November with the aim of moving sometime in 2021. My partner and I not married. 3 v young children who I look after, youngest is a baby. Partner earns 31,500. Deposit of £115k in partners bank account. No credit cards or monthly payments, no childcare costs. Based on the mortgage…
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20% pay cut.. will I get a mortgage on my full salary?
Hi I am new to MSE forum and I hope you all can help me! I have had an offer accepted on a house and I am planning on making my mortgage application but I am concered because for the month of May and June I have worked a 4 day week with a 20% pay cut due to corona pandemic. I will be back to full pay in July. The broker I…
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Remortgaging Solicitor Wants to do Searches
Hello I bought my house less than 2 years ago. Of course all searches were done back then and came back with no problems. Recently I am looking to remortgage and have chosen Leek United Building Society. My chosen solicitor for the conveyancing quoted £300 for all of their fees and I signed the documents to go ahead.…
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Help to buy isa
So I'm hoping to complete at the start of July so started looking at closing my help to buy isa. When doing so I've read that the governments 25% can only go towards completion. Now my question here is since I've got a 95% mortgage would that mean I don't get the government top up on my isa? Sorry just really really…
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What credit agencies does Virgin Money (mortgages) use?
As title, can anyone indicate who they use please?
