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Mortgage urgently need help - will this turn to an offer? Halifax
Hi, I applied for a mortgage December last year and changed jobs, had to build up pay slips then covid hit, I didn't get furlough but was on 22 hours a week and my partner 26, were both back at 39 hours a week now. When we got reduced hours our mortgage advisor abandoned our case and said it wasn't possible. So we went…
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Salary Multiples..
Hi All, FTB here, interested to know peoples thoughts on the likelihood getting a 4.5 salary multiple mortgage offer in the current environment..? earn approx £43k, no debt (except student loan) and use my credit card monthly only to pay for groceries; with the balance paid off on full each month . Ive done one AIP with…
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Builders incentive
Hello, we are purchasing a new build home using the NHS builders incentive of 5% we have chosen to use it as our deposit. Does anyone have any knowledge in using this as our 5% deposit with help to buy involved and a mortgage lender? We only seem to be able to find Barclays who will accept a builders incentive as a…
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HSBC Conveyancing Panel
Hi Looking to apply for a mortgage with HSBC and they charge £295 for Conveyancing. Does that mean I have to use their own solicitor for my purchase? Will I automatically get Countrywide, or do they provide a panel list to choose from? I have read some horrible experiences about Countrywide, would like to avoid them as…
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Exchanging contracts without handing over the full deposit?
Should I have concerns? I spoke to my developer (Barratt) and explained my concerns working in the aviation industry which is hard hit at the moment and the long gap between my exchange (Due now) and my completion date (November) and handing over a large deposit to exchange. They emailed me yesterday to say they were happy…
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Right to buy advise
Hi, I am considering buying my council house via right to buy. Do I need to apply for the mortgage first, so I have a mortgage in principle (I think its called)? I know that I'll need to submit an RTB application to the council to get the process started with them but wasnt sure if the mortgage bit would need to be before…
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Exchange and complete when off sick
Hi, we have had our Mortgage offer months ago and we are nearly at exchange and completion on a property but I have an unfair complaint raised against me at work and fear getting fired. This would mean we lose the mortgage offer. This is causing me stress and I would like to go off sick until exchange and completion on the…
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Halifax Mortgage Bank Statements
Hi all, My partner and i are first time buyers and recently had an offer accepted on a house after agreeing a MIP. Over the lockdown period; I have been keeping physically active by taking up golf and I have played up to 3 times a week and even purchased some new clubs and shoes. Also, I have had more time on my…
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Halifax Mortgage Statements?
Hi all, My partner and I are first time buyers and have an AIP agreed with Halifax. We had an offer accepted on a house last week and our broker is doing a great job so far (currently at solicitor stage). My bank statments over the past 3 months show how I pay my car loan on time and make regular payments into my savings.…
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Paying mortgages fees
Hi All, I would like to know what fees can can be added on to the mortgage if any at all. Like solicitor fees, stamp duty, estate agent fees etc. Many Thanks
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Mortgage offer soon?
Will try and keep this short and to the point, just looking for someone to ease my mind. Full mortgage app submitted through broker (Halifax mortgage) on the 08/06/20 Lender asked for my partner's P60 a few days after the application. (Not sure if relevant to my question) Hard credit check on the same day as submitting…
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Mortgage if my company employs my fiancé?
I'd just like a second opinion on this, please - I'm no expert in these areas! My fiancé and I are trying to move house. He got a mortgage offer based on his income alone last year, as I'm self-employed and don't yet have a full two-years account. In the meantime, he's become employed by my company. It is all above board,…
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Remortgage - lower valuation than expected
My relative is currently re-mortgaging and today the property was valued lower than expected. This was not owing to some defect, rather it seems to just be a cautious valution which we understand (even though its a bit of a pain). The broker now seems keen that my relative puts up some savings, to reduce the loan required…
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Help to buy mortgage BAD CREDIT
I am looking to get a mortgage, I am a first time buyer and will be using the Help To Bug scheme but have a bad credit history. I have a few defaults (most recent being 2019) which are all settled/payed off. I have no recent missed payments and up to date on my credit cards (never missed a payment on any card). The…
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Buying husband out
I’m not if this is the correct forum but could anyone offer any advice. I want to buy husband out but he wants 50% of The equity. We have a daughter and he earns considerably more. I feel 50% is unfair. Any advice would be hugely appreciated. Thanks
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Remortgaging during lockdown
Hello i want wanting advice if anyone is going though to same nightmare as I am. My fixed mortgage rate with Halifax ended in April so with my mortgage advisor we started the process in Feb so have it switched over. However Halifax closed down their title deeds facility so there had been a massive delay. Because of this my…
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Advice on letting out my flat and purchase of new property
Hi I currently have about 50% equity in a £120k flat in Scotland. I am 46 and earn about £43k a year. I would like to upsize and purchase a house as the flat is too small for me. As the market isn't great and I bought the flat at a high value I don't fancy taking ages to sell it on the market with potentially losing a bit…
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Lost motgage
Back in 1997 I took out a mortgage for only £10,000 to help my mother (and me) buy a home. She put down £28,000. I know I was definitely paying for the first 5 years as it was around this time that my mother informed me that I was off the deeds and she put my brothers name on. I'd just had a baby (single parent) and was…
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Is my husband a fist time buyer
Hi im looking at investing in property but my husband was put on to his ex girlfriend mortgage 17 years ago, does that mean he is not a first time buyer? He didn't benefit from stamp duty reduction as the house was already owned by his ex and he was added when she remortgaged
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first time buyer mortgage in london - interest only.
Hi All This is my first post here. Me and my family are now thinking of getting our first home. Since we live in London, housing is extremely expensive. So I thought about getting an interest only mortgage. Our situation is Both people in full time and secure employment (NHS) (both of us together on 70K basic salary) I…
