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Broker, solicitor & other additional fees.
Hello, Is it ok to use gifted money for all the fees or do I need to prove of where the money came from and a gift letter as it would be for a mortgage deposit? Thank you.
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Change of Property - Full mortgage offer received earlier this week - HELP
We are in the process of buying our first home. My full offer mortgage was approved earlier this week. However it seems that the seller is not moving fast enough and they haven't even made an offer on the property they want to move to. I need to move out by end of September from the current property we are renting. So it…
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Sole applicant on a low income
Sole applicant, low income - What could possibly go wrong? I'd really appreciate some advice please, I'm fretting over how my affordability will be judged as a sole applicant. The chance is coming up to buy the rental house I live in with my girlfriend, we’re expecting this to happen within the year with or without us.…
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Chances of getting a mortgage after Trust Deed
Hi all, first time poster but I have seen lots of great advice on MSE before so thought I would check to see if you lovely people could give me some help / guidance or thoughts on my situation and whether this is realistic or not, any help would be very much appreciated - sorry in advance for the long post. Looking to…
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Anyone have experience with credit unions?
Since being rejected by Nationwide for unfair reason, I am on the panic trying to find a mortgage high street lenders don't seem to want to entertain us due to self employed grant, overdraft usage over lockdown and a saitisfied default of £90.
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Should I apply directly with HSBC as well as with broker?
Hi, after a bit of advice if possible. We (both first time buyers) had an offer accepted nearly a month ago on a property and have since appointed a solicitor including paying the search fees. Our mortgage broker has been trying to apply through HSBC for a 90 LTV every single day for over 3 weeks with absolutely no…
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Title deed 'charge' blocking equity release
Hello, We
seem to have some very knowledgeable people here, I hope someone can help us. We are a
retired couple and have applied for equity release on our house which has been
approved, but subject to the removal of a restriction on our title deed. This
restriction states that if we build on our garden we must give the…
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Remortgage when on furlough
Sorry if this is in the wrong place, I couldn’t decide whether to post this here or in the coronavirus section. Feel free to move it if it’s in the wrong place! Our fixed rate is up next month, I wanted to stay with our current bank as they’re known to be one of the best for customer service but I’ve had to just wait half…
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Redeeming help to buy loan
Good afternoon! We are currently in the middle of refixing our mortgage rate (ends on 30.09) and additionally borrowing funds to redeem our help to buy loan (we have had the survey, and target have agreed to the value, interest isn’t payable until Feb 2020). Our broker is currently on holiday but will be submitting the…
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Kensington Mortgages
Hi, Myself and my husband are looking into a mortgage at the end of this year beginning of next year. We are first time buyers. My husband has a less than perfect credit score with some defaults he is currently clearing. The broker we have sought advice from has said they will do a DIP with Kensington Mortgages when my…
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Halifax Appeal
Hi, I recently got accepted on a mortgage with Halifax and everything was going well until my car insurance put that I’d missed a payment on my credit file. Therefore Halifax declined me on a mortgage due to a change on my credit file. I have disputed this with the insurance company and Equifax today, had confirmation from…
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ISA and LISA
Hello, Wondering if my husband can use any of these and which one is better if we are planning to buy June 2021? I am not classed as a first time buyer as I own properties abroad (gifted) but my husband has never owned a property. He has ISA opened with Nationwide but has never put any money in that account. Can anyone…
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Buying Out Advice
Hello, I have a unique situation that I hope someone can assist on. My partner and his mum purchased their family home (Ex council property so got a cheap deal to purchase) and have around £50k left to pay off the mortgage. Me and my partner want to live together, and was wondering our best options financially to ensure…
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Cashing in Endowment policies
We have recently remortgaged for the last two years of our mortgage term. We have an interest only mortgage and two endowment policies which will pay the mortgage in two years time. Whilst checking our endowment policies the combination of both policies at the moment will pay out approx £101,000. To pay off the mortgage we…
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Barclays rate switch - affordability / credit
Has anyone had any experience with this? We’re existing customers coming to the end of our current term and being offered a switch to other more preferential rates. Understand there’s no further affordability assessment but do you know if a credit check is made? My partners file is good and clean but mine has some…
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Recession affects on adverse mortgage
Hi everyone ! Love the forum, see some great advice on here and read it up each week. whats the general thinking on us now we’re in a recession ? Are adverse lenders going to tighten purse strings even more ? Me and the mrs have a 20% deposit now, just got the feeling this might not be enough still. Thankyou !
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Mortgage Payment Holiday Ended
Obviously many people’s Mortgage Payment Holidays will already have come to an end. We took one as there was a lot of uncertainty over work and it was a case of take it or not, and if you didn’t and the worse happened, being in a worse position. We have just received the letter with our new payment calculations, and our…
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Silly Question: Can qualified mortgage advisors arrange their own mortgages?
Hi there, As the title suggests, my question is, as a cMAP qualified mortgage advisor, can you arrange your own mortgage accessing the products only available through an Intermediary? That may be an odd-sounding question...but always wondered if there were any rules around that.
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Mortgage offer address mistake
Hello all, I received my mortgage offer but I realised some mistake on property address. Number, street name, city name and postcode is correct but they put wrong county name. And when I’m checking on Royal Mail website address is including the town name as well. I just sent an email to my broker and solicitor but I’m not…
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Switching from interest only to repayment
Hi all Basically we were young when we purchased our home and went through a mortgage broker who put us on an interest only mortgage due to the market being so high at the time and our financial position. We are in a better position financially now(better paid jobs) and I would like to go on to a repayment mortgage but we…
