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Married but want a single applicant mortgage
Hello. My husband and I need to move to a house (I’m pregnant) but my credit isn’t great, although it is improving. My husband has excellent credit so I think we need a single applicant mortgage. Is this possible?
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Mortgage as a company director - apply as employed or as a director?
Hello folks. First time buyer here. I set up my own ltd company in April and have been listed director since then. My question is: when applying for a mortgage, do I apply as employed and present my payslips etc or do I attempt to get a directors mortgage? I am hoping find a place within the next 12 months so would the…
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Will auto-enrolment pension contributions affect my mortgage affordability?
Will my auto-enrolment pension contributions affect my mortgage affordability? I have read some lenders take these into account and others don’t. Obviously, I can opt out the pension but I don’t want to as it is growing nicely at the moment! i have completed an AIP and it didn’t ask for pension contributions, so I assume…
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When to give notice on rented house?
Hi, We are FTB but in a rented property at the moment. We have had our mortgage application approved and offer issued in the post, due to arrive shortly. At what point would it be safe to give notice to our landlord. We aren’t tied in to a fixed tenancy agreement and are on a rolling basis month by month. I am due to pay…
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Anyone getting a mortgage through Barclays?
I'm currently selling my property and my buyers are getting their mortgage through Barclays, its taken weeks (and weeks and weeks) and they have finally got a valuation survey booked in for early Sept. For anyone getting their mortgage through Barclays, how long has it taken to get from valuation survey through to mortgage…
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Home-survey and valuation: Either, neither or all?
We've got to the point where we need to consider a home-survey. It's for a house forming one of sixteen properties on a small mid-90s development, all the properties were built by a local well respected builder to a decent standard. Walking up and down the street, there appear - to a lay person - no obvious problems. I'm…
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Panic - rate change during application
Hi all I was approved subject to valuation by HSBC with the valuation taking place yesterday. Today I went on to the portal and it’s said unfortunately one of the rates selected is no longer available to continue my application I need to select another. I have tried to reach the MA at HSBC (I had to go direct as my broker…
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Halifax mortgage AIP whats chances of being approved (self employed)? 🤞🤞🤞
Hi, we've had a nationwide mortgage declined so MA applied to halifax. Spoke to them first, explained that husband is self employed and we have some debts etc. He was adviced to proceed. AIP was accepted but they said as he is self employed it was automatically go to be reviewed by under writer. Has anyone been in similar…
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New Build- Incentives that are acceptable by Lender
We are in the process of buying a new build using help to buy and have been offered 5% deposit contribution by builder. We would prefer to use the 5% for extras to furnish the house from Upgraded kitchen , carpets , spot lights, tiling , heated radiators , extra sockets etc. Is this permitted on the reservation that will…
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Nationwide Overpayment Allowance
Nationwide's site mentions that all their mortgages (after 29th May 2013) have an overpayment allowance of "10% per annum of the original loan amount". "Original loan amount" for me refers to the full amount you initially borrowed. My broker stated that this isn't always the case and it may be 10% of the amount left at the…
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student halls guarantor affecting mortgage application
My daughter is starting uni in Sept and has got halls sorted. We have been asked to be guarantors (deposit has already been paid in advance). We are trying to get a mortgage and we have been told that the fact we are guarantors for our daughter, will affect our capacity to get a mortgage. Is this correct?
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Buyer pulled out whilst application pack sent out
So had my mortgage appointment, paid for the survey and received an update from Santander to say application pack has been sent out. Last night my buyer pulled out. Is it okay to wait to see if the application is approved whilst awaiting to see if I can get another buyer to offer the same price. Or am I obliged to just put…
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Our mortgage adviser wants a letter from us to confirm we don't want protection
Hi, My partner and I are first time buyers. We've been working with a mortgage adviser who we feel has done a great job for us in sorting out our mortgage but who has also been quite heavily pushing various insurance on us- life insurance, mortgage protection etc. We did our own research and decided we prefer to sort this…
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Returned to previous job - do we need to inform the lender?
My partner was in a job for a few years and started a new job just before applying for a mortgage which we received an offer for. He was there for over a month before being made redundant (it was new business which started just before Covid-19 and the company ran out of money) but his previous job took him back on the same…
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Two titles with one mortgage on both
My home has two titles - one for the main house and one with the garage with a studio above it. My mortgage covers both titles, but I’m wondering if it’s possible to transfer the mortgage to just one of the titles. Any ideas would be appreciated.
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Mortgage Switch Problem
My mortgage rate was due to end at the end of June, after some discussions with Barclays I reduced the term a month before the rate end (all gone through fine), and a new rate was agreed and went through the underwriters and was all approved and I received written confirmation. It looks like the first months payment went…
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Does anybody know why are lenders refusing to allow you porting your mortgage?
Why a Building society refuse to port our mortgage. When I call them they say it is potable mortgage with a small print? Can the lender refuse us to port your mortgage making us a prisoner?
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2021 Step Change Financial Solutions
Called them today, seem fairly knowledgable discussing potential post dmp Mortgage availability options. Whilst I consider sell/purchase next year, are they considered whole of the market. Though maybe deposits could drop from 25~%-15~% during 2021. Thanks Dmp until mid 2021 when final default drops Feb 21.
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Dealing with Broker and went directly to Bank
Hi I was dealing with broker for the past two weeks to port our mortgage but some how broker either busy or not interested as it says our affordability may be a issue it takes for him to replay 3/4 days and today decided go direct with the bank ,bank calculated income and told all looks fine. Do I advice broker of the move…
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Advice appreciated - mortgage application - no house agreed yet!
Hi there, Hoping for some info/advice. Short version of scenario is that my house is agreed (due to complete end Sept/Early Oct - we have alternative accommodation to go to), we had hoped to agree on a property a fortnight ago but missed out. Still currently looking for a new house. I have an AIP with HSBC (90 LTV) and a…
