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Adverse Credit Mortgage - Waiting 6 years
Thanks for everyone’s help so far. Without reliving my story that I’ve posted before, I lost my wife to cancer in early 2019. During the period leading up to this, I got myself into significant debt. I used almost every penny earned for about 1 year to pay for private medical care, rather than paying my bills and…
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Physical or Desktop?
I’ve noticed some people having physical valuations and some desktop. Is there any hard and fast rule to this decision or does it depend on the lender? Thanks
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New house and debt.
I’m looking for some advice if anyone can help, we bought our first house in 2016 and have kept up with the mortgage payments. However I had issues in 2017 with gambling and ended up with 11k debt. I was unable to make the repayments to the lender and have since set up payment plans for each creditor using a third party…
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RBS Mortgage Offer Extension/Hard Search
My current mortgage offer expires on 20th September and I'm not sure if I can get it extended because of covid and if I do that will there be another hard search on me ? How many hard searches are done in the process of house buying? so far I've had 2 done and haven't completed yet. Starting to feel stressed as my credit…
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Self employed
Hi all! Im hoping someone can offer some help or peel me off the ceiling! 🙈 We have found our perfect home for sale but we had no plans to move so finances weren't great, we regularly use overdrafts, both have cc and loan etc. We have had a nationwide mortgage for 15 years and the last 4 yrs have been over paying. We…
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Any recent Halifax applicants?
Hi All, Anyone who has applied for a Halifax mortgage recently? The waiting is really anxiety inducing. My timeline is as follows: * 13/08 - DIP received * 17/08 - full application submitted * 17/08 - hard searches on credit files * 18/08 - valuation instructed We are currently waiting for the actual valuation to be booked…
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Halifax Timelines
Can anyone help? We got our offer accepted and went to Santander and got turned down. My partner has adverse credit - 2 defaults, went through to application stage and turned us down, wasting three weeks. We went to a broker who deals with adverse credit and they are putting us through to Halifax, seems unusual as it's a…
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Looking for an adverse credit broker.
I apologise as there are probably loads of these threads, i have read a few but its a bit overwhelming and hard to remember everything said. I'm looking for a broker for a remortgage, to clear our debts (which we have been trying to clear but taking longer than hoped) and release some equity to build an extension. Our…
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HSBC Mortgage Extension
Does anyone know the process for a HSBC mortgage extension? Would we have to reapply?
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Amending application for new mortgage offer
Does anyone know how it works with offers and the amending and transferring of an existing application and mortgage offer to a different property? Our previous sale for a different property fell through 7 days ago but we've now found a new property and our broker has amended the property details for a new valuation to be…
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Regular Mortgage Overpayments - Should I request a payment recalculation after each payment?
Hi All I'm looking to start overpaying on my mortgage payment. My mortgage is with Accord and they usually recalculate the payment amount annually. They have mentioned that if I want to recalculate my payment more frequently I just need to tell them when I make my additional payment. I'm intending to make a regular…
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Mortgage eligibility after payday loans
Hi all, in late 2018/early 2019, I used a couple of payday loans. Please don't judge me. I had terrible post natal depression after finally having our child - following 10 long painful years of trying! I didn't realise they appeared on your credit file, how stupid am I? Still, I fortunately recovered well and quickly. My…
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New car PCP and mortgage affordability
Hi All, We have our house on the market, awaiting a sale and then looking for a house for ourselves. As its a chain, the market is slow in our area, it may take a few months before we move to our new home. We need to get a car on a new PCP agreement, my question is, how much will it affect our mortgage application? At the…
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Which is the most reliable Halifax mortgage affordability calculator?
Hello everyone, I have used this forum in the past but seem to have somehow locked myself out of that account and have re-registered. My husband and I are planning to buy a new home soon, looking at the halifax website and the halifax intermediaries site, the affordability calculators give different amounts based on the…
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HSBC change of Property
Hi, After our lower valuation we have now had an offer on another property which is £10,000 less than what we was buying. Anyone know what the process is to change property and borrow less? Is it a new application and credit search? New documents needed etc? Thank
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What happens if a bank goes bust?
Hi if I have a mortgage and say the bank goes bust from what I can see is the mortgage is effectively sold on to someone's else as an asset....what I want to know is would they have to stick to the same terms originally set out such as interest rates etc or could your mortgage terms be changed?
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2 Yr, 5 Yr or 10 Yr fixed.
Hello all, I'm just wondering how long you fixed your mortgage deal for and why? 2 years has the lowest interest but I'm worried a bout interest rates in the future, I'm really considering 10 years... What have you guys done?
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Help to buy/credit worries
Hello, I want to buy a house with a joint mortgage. The house will be 261,000 and the deposit will be 10% at least but we could offer a bit more. my partners credit score if great, mine is just below fair due to a series of arrears which was finally paid off in mid-late 2019. This of course had a great effect on my credit…
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Broker or Bank
Hi I am just wanting some advice, as we seem to be at a bit of cross roads. We have sold our house the house is in my partners name and we have put an offer in for for another property which has been accepted. I have had bad credit 11 years ago in the pass due to divorce I unfortunately had to go bankrupt and lost the…
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Interest Only Repayment Vehicle - Lump Sum from DB Pension?
We're exploring whether or not an interest only mortgage would work for us and I'm starting to work on a (hopefully) credible repayment plan in advance of speaking to a broker. From the published criteria that I've been able to find for a couple of lenders, most will consider either 25% of pension value or 25% of a pension…
