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Living in your own BTL property
Hi All,I am looking at upsizing and potentially holding on to my current flat if I can afford it.To afford the new property I at the very least need to release significant equity in the current flat (which is almost mortgage free) or I need to sell it.I would like to keep it, not least because property is a good investment…
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Is there any way my sister can get her first mortgage with these circumstances?
Dear MoneySavers, I'd be very grateful for any advice you might be able to offer. My sister is single and 39 years old and has rented all of her life. She has saved a deposit of £35K over many years. She has always been self-employed, and a very hard worker with a net income of around £14K per annum (may not seem like much…
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Kensington Mortgage timeline
What are my chances getting a mortgage with unsettled defaults but I pay monthly towards them. I have MB who submitted application on my behalf and I am not hopeful. They have done 2 hard searches in one day and I guess that is going lower my credit score. Anyone has ever had a mortgage offer with unsettled defaults?
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Swift First
Hi all. Sadly a few day’s ago my dad passed away. I’ve started traveling through his mountainous paperwork and I came across a mortgage taken through Swift First. A final statement reads amount borrowed £90k ... total repaid £190k!! I rang them asking to send paperwork which mum will sign allowing me to speak on her behalf…
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Mortgage with CCJ
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BDM
Hi,I wonder if anyone can give me some advice, myself and my partner had an aip with Halifax, so we have a buyer for our property and have had an offer accepted on another, we have a 20% deposit, 2 weeks ago our broker informed us that Halifax whom we already have an existing mortgage with have declined is due to my…
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Mortgage and Broker Advice
Hi We are looking for a Broker and I was wondering if anyone is able to give any advice on how to find a good one? We have a good LTV of around 68% but it is a Right to Buy mortgage, with our discount as our deposit, and whilst we have good credit scores, we have gone into our overdraft on a few occasions in the past 3…
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Can I really get a mortgage with a DMP?
Hi everyone, As the title suggests, I have an active DMP with a value of £4k remaining (down from £40k in 2017 when it started). I expect to be able to pay this off before the end of this month. Once this is complete I will have no debt remaining. I am employed and self-employed with a £33k salary and £40k 18/19 tax…
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Santander mortgage & Survey
Hi all, just looking for advice and maybe reassurance! We submitted a mortgage application on 05/08/20 to Santander, and the survey has been instructed. Does that mean that the mortgage is approved, subject to the survey being fine? Thanks in advance of any replies!
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Mortgage application - Close CC?
Hello there, I am looking to do a joint mortgage application with my wife, but my credit rating on Experian is in the poor bracket. Ideally looking to boost to fair/good in the coming months. As such, In terms of a mortgage application, is it better to pay off and close my only outstanding credit card OR pay off in full…
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Reassurance needed!!
We offered in feb and obviously its dragged on, we've had to get reports on everything, electrical work etc done, mortgages pulled and reapplied for. It's been stressful! We are at the point of exchange with completion the following week....what else can go wrong??!! Nothing has changed financially, both still working and…
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Mortgage question - Work
Hi guys Ive been out of work for about 4months, I am starting a new permanent job October. My partner works(PT) how do I go about getting a mortgage, do you think they would give me one now based on the October salary. Thanks
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Anyone else applied with post office/bank of ireland
The wait is killing me! We received a AIP 3 weeks ago and our full application was submitted the same day. The surveyor came out on Wednesday and now we are just waiting with fingers crossed for an offer. I have the awful feeling something will go wrong 😩. We’ve taken it as a good omen that they sent out the surveyor?! Has…
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Exchange and complete same day
I’m curious to hear opinions on this subject. Major law firms (eg O’Neill patient) recommend to exchange and complete on same day to avoid the deal from falling through (eg COVID related delays and changes). I’ve read multiple articles about why this isn’t a good idea, but none of them seem compelling for a buyer. In fact,…
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Porting to Help to Buy
Hi everyone, I currently have a mortgage with Santander with 2 years remaining of the fixed rate. I'm looking to move to a new build house using a Help to Buy Equity Loan. Am I right in saying I would need a special Help to Buy mortgage from Santander? Do you think they would let me port to one when my current mortgage…
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Mortgage expiry / drawdown of money
Can the drawdown of the mortgage happen up to the last day of your mortgage offer? Or does it have to be approx 7 days before the expiry date?
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Self employed mortgage.
My son wants to purchase a property for around 65/70K - Has a 31k deposit which he has saved over the last 10 years. He is purchasing the property off his landlord so needs to purchase before the end of the year, otherwise the property will be sold to someone else. Is it possible to get a self employed mortgage with 2…
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Moving home drop in income
Hi can any one advise me I selling my house 510k buying new 470k balance on mortgage 150k joint income 30k. Still in fixed rate deal till 2026 . 2 kids No credit cards or loans .I want to port the mortgage but it’s like new application with Barclays ,what a the chances for Barclays to decline and keep me in current…
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Halifax Mortgage Application Timescale (Scotland)
We placed my partners apartment up for sale 24/08 we received and accepted offer on 27/08. A completion date for apartment has been agreed for 9/10. We viewed new property on 12/08 and offer issued and accepted on 13/08. All documents given to MB 14/08 and he has advised he will submit mortgage app on Monday. Anyone…
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Time from mortgage offer to completion
There is only my buyers and the people we are buying from in the chain, all we are waiting for is my mortgage offer everything else is ready. I have been told I’ll get my offer this week but am just wondering what’s the quickest time scale we could exchange and complete in from receiving the mortgage offer?
