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Mortgage Application with Defaults
I wonder if anyone could offer any advise to me. I am looking to obtain a mortgage soon and have now agreed the price with the seller, the property value is £155,000 and I have £35,000 deposit. My credit isn’t the best and I have 6 defaults on my report but all of which are now over 3 years old. Since this my finances have…
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Moving Out Of Area - Causing Issues
Our Broker has said the mortgage companies have an issue with regards to my job as we are moving away. They want 3mths wage slips from a job in the new area. Bearing in mind, I am moving 80miles away so can't stay with my current employer. Our home is a new build & won't be ready till the end of the year. Has any one else…
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Mortgage offer and car PCP due for renewal
Hey folks, So we have a mortgage offer from Halifax, received in January and was meant to expire in June (our completion date was April) This has now been pushed back to September (maybe august) and Halifax have automatically extended this to the end of September. Now our car which is on Audi PCP (£200 a month) is coming…
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Thoughts on our situation?
Hi everyone, I’ve asked a couple of questions here lately and you’ve all been so helpful. We’re starting to look more seriously about putting a house on the market. I was wondering what people’s thoughts were on us getting a mortgage? Our situation is as follows - hubby sub contracts - Halifax apparently take gross pay off…
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Taking out mortgage for elderly parents
Hi I was looking for some basic financial advice. To make the story short, my in laws both in their 80s need to buy a bungalow and I have found one close by where I live. The issue is that the cost of around £185k and after selling their old house they have £130k. Neither are in great health and my farther in law is…
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Full mortgage offer but purchase fell through
Hi all. I applied for and received a full mortgage offer from Natwest for a property, but the purchase fell through shortly afterwards. I have now found another property and made an offer. Can anyone tell me if Natwest will require a whole new application, or will they just take the new property details and do a new…
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Mortgage help
Hi there. Looking for some help. We live in an upstairs flat in a listed building. We have a mortgage in the property. Our downstairs neighbours are selling. We would love to buy downstairs and convert into one house. We’ve spoken to mortgage advisor who seems to think this might not be possible as we can’t have 1 mortgage…
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Mortgage expires 3rd August and contracts will not be exchanged by then.
Hi All. I would greatly appreciate it if I could get some advice. We put an offer on a house in January and due to a buyer falling through and coronavirus moving was delayed. On Wednesday we found out that our vendors were pulling out of the sale. We have a buyer in place and will continue with the sale of our property. We…
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Good first time mortgage rate
Hi all, Me and my partner are ready to buy our first home and have found a place we like. Problem is the lack of mortgages out there for a 90% LTV mortgage due to the market slowly reopening. Some of the only lenders are HSBC and First Direct.The best rate is a 1.89% initial rate, £999 product fees. It is a 2 year fixed…
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Mortgage dilema
Hi All,I am in dire need of some advise.We are planning to move home, we are looking at houses upto £400k with 10% deposit and 90% LTV mortgage. My husband is in FT employment and has payslips as a proof so no issues there.I am director of a limited company which has been trading for the past 4 years, the problem is, till…
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Error on credit report (Mortgage)
Hi everyone, hope you are all well :) I’m in the process of thinking about putting the house on the market etc and M and S bank wrongly listed a missed payment on my account, they have agreed to remove it but are saying it could take 90 days!! This seems so long, does anyone know if that is correct? thank you.
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Long or Short Mortgage
Hi All, thanks in advance for any advice. I am shortly going to be purchasing the house that I currently rent from my in-laws. They very kindly are allowing me to buy it for the outstanding amount of their mortgage - £135k whereas its market value would be around £250k. Obviously very kind of them. I have about £110k in…
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Interest rate
Hi We have an offset mortgage with the RBS and when set up in 2012 the rate was 3.5% above the BOE rate (0.5%) so for years this has been 4% in total. Last year when the BOE increased to 0.75% naturally our offset went to 4.25%. Since the lockdown the BOE have slashed their rate ,but our offset rate is still 4.25%!!! I…
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First Home Fund
Hello I wonder if anyone has experience in the First Home Fund in Scotland. I have applied for it and still awaiting a decision. I have had my mortgage approved so hoping to hear from them soon!
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Does our 90% LTV Virgin DIP still stand?
Hi there, Me and my partner had an offer accepted on a house and got a mortgage in principle the same day, (Virgin money 90% LTV). Our broker put in the full application the next day on the 1st June. Even though my partner was furloughed, our affordability was still great apparently. On the 10th we were told everything…
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Getting a mortgage during coronavirus
Hiya I’m wondering if anyone can help me. Me and my partner are first time buyers and have been trying to get a house for a while as I am pregnant and now due in just 3 weeks. I own a beauty salon and have been told that because the business has had to close due to coronavirus, they won’t take any of my income into…
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LISA savings & Bonus on partners house
So my partner bought his house 1st 2 years ago using a help to buy ISA and I am still saving with a LISA and have never been on the ladder. If i were to buy into his house would I still be considered a first time buyer and thus get the 25% gov bonus?
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Mortgage after Bankruptcy
Hi all, I posted for the first time the other day and was hoping someone could give me a little more advice please x We are now almost seven years post bankruptcy but I’m a little stressed about our chances of getting a mortgage. I have just completed a Masters and halfway through the course my funding was pulled. As I had…
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Releasing Funds From Property Without a Mortgage
Hi all, First post so thanks for any advice. We are in a fortunate position where we own our house outright (never mortgaged) and also a rental property but we are not cash rich. Although we have the income from the rental property and the annex to the house we need to raise some money for some home improvements, repairs…
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2nd home purchasing
Hi, I am feeling that the mortgage advisors I'm contacting are not being fully upfront honest with me. I have finished my mortgage on my existing house and have now got enough deposit to buy a 2nd home for me to live in when I wish. My question is, is it cheaper to take a new mortgage out on my existing property (which is…
