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Mortgage long shot
My partners son bought a house with his girlfriend about a year ago. They have now split and my partners son wants to keep the house if he can. They have a joins mortgage of 137k deposit was made up from his partner of 14k and around 1k from help to buy. There is a note in the solicitors letter thats states if the house is…
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5% vendor deposit
Hi, we are in the process of trying to buy our first home and there’s not a lot of options other than 15% at the moment, however, we have agreed with the seller of a house we like that we will pay 10% and the remaining 5% comes from him. Vendor gifted deposit I believe it’s called? We have spoken to one mortgage advisor…
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Overseas property - FTB
Hello all,Is anyone aware of a mortgage product that would be available to a first time buyer to buy a property abroad? While my main employment and income are in the UK, I have spent the better part of the last few years working remotely from Germany, and I am considering buying my first home there, to be owner-occupied.…
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Mortgage company for overage clause
Long story short, had a mortgage agreed with HSBC only to find out that the house has an overage clause attached (50% uplift on planning) at which point HSBC declined the mortgage. Lenders don't seem to say at the outset on their website whether they will lend or not on properties with an overage. Before engaging a…
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AIP whilst still clearing debt
Hi all quick question. We are in the process of clearing our credit cards and a loan (we have 5 year + defaults on both credit records so will need a broker). We were planning on clearing the loan and credit cards (these will all be cleared by 1/11/2020). My question is surely for us to know our chances a broker will need…
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Help! Apply for DIP now or speak to broker first?
Hi everyone, FTB here and could really do with some advice. I viewed a property over the weekend and absolutely loved it, and I know for a fact I would like to put in an offer. About a week or two ago, I spoke briefly with a mortgage broker who advised that, on my salary, I could reasonably expect to borrow £160k, which I…
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Mortgage for equity funded entrepreneurs
Hi all,My wife and I are trying to get a mortgage. Because one of us is an entrepreneur in an equity funded business that is still loss making, we're finding hard to get a mortgage even though we are able to show that we are of very little risk to the bank as the other has a steady job that is enough to cover for a while…
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Extending Mortgage Offer - Maternity Leave
Hi, We're currently in the process of purchasing a property and are under a lot of pressure as our sellers mortgage offer is expiring. Since receiving their offer letter, the lady has gone on maternity leave and we are being told the offer letter cannot be extended. We were supposed to exchange today and we have just found…
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Should I get a corona-mortgage?
Hi!I've been quite lucky through lockdown with my work being much busier than normal, and I've managed to increase my savings quite a lot to cover a good deposit. We're currently happily living in a rented property, and we would like to stay here because it's incredibly cheap for what it is. I am 100% only interested in a…
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Holiday Home
Hi Please may I have some advice? We received an offer in principle from Santander for more than we needed to borrow, but upon a full application we received an offer which was only 40% of the amount - the reason given was that the original calculation hadn't taken into our account our pension contributions, which are…
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Buying with partner who has large cash deposit
Hi - wonder if anyone can assist with this situation: Looking to potentially buy a property with my girlfriend. She has a large cash deposit and mine is relatively small. For her assurance and my comfort should we separate (not that either of us foresee that, obviously) I'd not want to have any opportunity to claim any of…
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NatWest - porting in Scotland timescale?
We are moving and porting our NatWest mortgage. Full application was submitted on Thursday, August 6th and our cash buyer wants to move on August 28th! Our sellers are able to meet that date so everything is relying on NatWest now. They said it should be ok as the HR mortgage valuation was done by a panel member and was…
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HSBC appointment this week
Hi all I have a 2 hour mortgage appointment scheduled with HSBC this week for 90% LTV and I am so very nervous (FTB). Has anyone had any experience with these? What was covered? For reference, I am an existing HSBC customer for 10 years. My salary (permanent employee but have been with the company less than 1 year) is…
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Help to buy ISA - partner buying house and I'm gifting some of deposit - can I keep my ISA open?
Hi, My partner is buying a house and I am using some of my savings, and the money in my help to buy ISA to go towards the deposit. I can't be named on the mortgage because I'm a PhD student with a stipend, and my partner can afford the property by himself, so I'm not going to be named on the mortgage or the deed (the…
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Santander Applications
Does anyone have any experience in dealing with Santander applications? We applied via Nationwide and got the survey report back today. NW are refusing to lend out because of the report. They say the land is backed onto industrial land which is due for redevelopment however, that development was completed 3 years ago and…
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As a couple, what type of mortgage can we get if only one of us is a 1st time buyer?
Me and my partner haved live together (unmarried) for around 5 years in her mortgaged house. I have never owned any property and have never paid her rent. Instead, I've saved the amount that i used to pay in rent, from when i used to live alone (its split between a LISA and an ISA). We wish to buy a house together, but…
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Am I stupid even trying?
House price £234,495 my deposit £46,899 (20%) me and my partner combined income £40,500 credit cards very low always paid in full, 1 loan which is my car which will finish next Jan. currently £205 a month other than that no other loans or major bills. i’ve checked Calculators and my mortgage advisor also did affordability…
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HTB ISA Deposit
do banks give you a mortgage quote based on the total deposit or your deposit exc. the bonus? in other words, would 18k in two HTB ISA's be the deposit banks would take into account, with the 25% bonus just part of your early repayment allowance, or would they base their offer based on 22.5k (18k plus 25% bonus)?
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Selling home my Ex Wife lives in
Hello All, My ex wife and I split last August and I left the family home in September 2019. We are now divorced and there is an ongoing battle with the house. I want to sell but my wife wants to stay. There is debt on the mortgage and out credit scores have been impacted by this. We had the house valued by 3 agents but she…
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First time buyer help
Hello! My brother is looking to buy for the first time and i'm trying to help him with the process. When I did it years ago, estate agents wouldn't take an offer seriously until I had a mortgage in principle. Is this still the case? He has a mortgage in principle from Trussle (online broker), but this really just looks…
