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Want to remortgage to consolidate credit card debt
We have a large amount of credit card debt but also have more than enough equity in our house to cover paying this off. However our problem is that because of our debt, our credit rating is low and as such are unable to find anywhere to help us remortgage. The interest rates are so high on the credit cards that we are…
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Can I do a guarantor mortgage if I'm on a stipend income?
Hi all, My partner and i are keen to get on the housing ladder, but the pandemic threw a spanner in the works. He's doing teacher training, which was delayed, so instead of being employed now, he's stuck as a student until at least Feb. I'm a PhD student on a stipend income, which is about £16,000 for the year (tax free).…
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Too much available credit (prior to mortgage application)
Hello! I'm currently earning >30k and I'm about to apply for a first mortgage at age 23. I've got 4 credit cards which have the combined limit of 16.2k I'm applying for a mortgage next week and I'm praying that this won't impact it. (I'm really worried about this) All cards have a balance of £0 Are the chances of me…
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Need a mortgage and a car - best way to structure debt?
We currently own a small flat and are saving to add to a deposit to be able to move to a house, we also need a (used) car. We're trying to understand the best way to structure the car purchase to maximise our the amount of mortgage we can achieve. We can afford the car out of our savings, but imagine that less deposit =…
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Advice Please! HSBC Mortgage Direct v Broker
Hi me and my partner are first time buyers with a 10% deposit. We had an offer accepted on a house nearly 5 weeks ago and have been using a broker from that point to get us a mortgage. My partner was furloughed in March but has since been brought back part time at 3 days per week with the other 2 days furloughed. Hence why…
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Mortgage on a new build house
Apologies, another dumb question. I'm looking at a new build estate where the houses will be ready next year (hopefully!). In terms of trying to buy one, I know I pay a reservation, then the deposit, I'm close to having 10%. When do I need to have the mortgage agreed? Do I need mortgage acceptance now, even though it's not…
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Do banks make mistakes on offers
Hi everyone me and my partner have been struggling to get an offer post Covid but are getting over the line. We’ve had to get letters from work confirming what we earned and when we are returning to work from furlough. Then under writers passed all this and handed back to hsbc for the offer. However the offer now is £11k…
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Change of Employment - Mortgage Offer
Hi All, Recently received a mortgage offer, happy to say the least.. however I've been offered a job at a completely different company & position but for a bigger salary than I'm currently on. I've read through a couple threads on here but wanted to voice my own situation as feel it's slightly different. I've had to…
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Advice Needed on whether deposit required.
Hi. I am after some advice on how we would need to best approach a mortgage application. We were given a hand on to the ladder by our parents who took out the initial mortgage for us and we have just been making the payments. We would've to now apply for a mortgage ourselves instead and we are technically first time…
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Taking highest amount of first home fund?
Would it be sensible to take the highest amount available of the first home fund to save in mortgage interest down the line whilst saving the amount to repay the Scottish Government in the future or take the minimum I require and pay the higher amount of monthly repayment son mortgage?
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Mortgage
I am a married mother with three children, looking to get a mortgage, also currently a student. Current situation means we are privately renting, while on benefits, including DLA for my disabled daughter and carers allowance. My parents are in a position to give me a large some of money, about 60% deposit, however I am…
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Mortgages for ex bankrupts
Is anyone having any luck with securing a mortgage with a bankruptcy on their file? My credit file is excellent but my husband was made bankrupt in June 16. We were told in January to wait until he had been discharged for 3 years this June and have since spoken to a broker last month who said due to COVID the lenders are…
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CCJ mortgage broker.
Hi all. Trying to get a £305000 mortgage with my partner, we have a £80000 deposite avaliable and earn £52000 between us a year. I have a ccj thanks to my ex which was only discovered once we done a credit check! This has now ben settled for just under a year. Can anyone recomend a ccj mortgage broker? Many thanks Ad
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LISA release time frame
So i opened my lisa in May. Ive met the annual limit so planning on depositing the further 4k day after the new tax year next year. Im estimating I can withdraw end of june/start of July. As il have to wait for the bonus. When is the earliest time i can I start house hunting?? I've spoken to a friend who's an advisor she…
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avoiding early repayment charges- is this possible?
Hello, I have a mortgage deal ending on 1 May 2021, with an early repayment charge of 3% on the balance if the mortgage is repaid before that date. The lender also allows me to transfer on to another mortgage product 4 months before the deal ending, so I think that means on 1 Feb 2021, I guess that means I can apply to go…
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HSBC nightmare- how long for money to be released?!
We don’t bank with HSBC but have our mortgage with them. Back in May we applied to add £17500 to the mortgage. This turned out to be a complete nightmare to arrange but FINALLY everything went through and on July 31st we signed and completed. However, we still haven’t received the money. I’ve called them to question it and…
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New employment but need a tiny mortgage at age 60
I am due to start a new job in a week when I will earn £16,000 a year. I have a small pension of around 4,000 a year. I have cash of 400,000 from the sale of my house a few weeks ago and have seen a house I want to buy. However the vendors will not sell for under 430,000 Has anyone any advise for an oldie with a small…
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First Trust bank / AIB - experience?
Has anyone used First Trust, now AIB? I can't find much about them on the forums. Trustpilot reviews are poor but reading them some reasons seem a bit questionable (long call times during covid, wouldn't offer a mortgage etc)
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Do I need to provide Bank Statements for BTL.
I am considering purchasing a BTL property with my partner. We are both employees and we earn over the minimum £25,000, however my employer has always paid me in cash, while his wages go in the bank and cover the bills my wages cover the shopping and other expenses. I have my payslips but if they requested my bank…
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Porting over existing mortgage
Have 5 yr fixed deal with NW until 2023. Early redemption fee is £6k. Selling property - was previously (pre pandemic) told I could port over mortgage to new property fairly easily. Bank now saying they need evidence of binding agreement from ex re monthly maintenance payments which will start when I move out of family…