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FYI: If you are self employed and asked to prove your SEISS grant by lender
You need to enter your UTR and NI here: https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference This took a long time to figure out and something NatWest were insisting on before mortgage application was progressed. It will provide a breakdown of the amount and when you applied for it.
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Mortgage on property with planning permission
I have seen a property for sale with a large garden. The property has recently been granted planning permission to have a house built in the garden. No work has been started and it is for sale as it is. The existing house is fully habitable and in good condition. Would this be a problem to get a normal residential mortgage…
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End of fixed term deal - decision time, help!
I'm probably going to come across as really stupid, but there's so much going on at the moment that my brain is struggling to make sense of things, so I apologise for some of my questions. My fixed term deal on my current HSBC mortgage ends at the end of January, so I need to either remortgage or switch deals. My mortgage…
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Employed/Self-Employed Mortgage Troubles
The situation I and my partner had an offer accepted on a house. We both earn about the same amount and work in the same profession, for different employers. While she is on PAYE I have been contracted full-time by a foreign employer that does not have a base in the UK since May 2019. I had to register as self-employed for…
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Aldermore declined us
So yesterday Aldermore declined us because the underwriter saw “credit churning” on my credit report. They also didn’t like the fact that I was living at home and my deposit was gifted and I hadn’t contributed towards it. I was not happy with this based on this decision but can’t do nothing about it, though they knew this…
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Valuation Instructed
Hi all New to this so apologies if this topic has been covered. 3 weeks ago We submitted a full application. A hard credit check was carried out the day after. A couple of days later we had a few queries regarding proof of deposit and 3 months payments in the bank. We have since satisfied all the queries. Our broker has…
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Current mortgage timescales
Hello, I am just about to apply for a mortgage and I wondered if anyone has any experience of the current timescales please? Thinking of going with Santander. I was going to pay for a separate survey report as they only do a valuation. Thanks in advance.
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Comparing mortgages, saving early repayment fee
Hi. I am a little bit dense when it comes to mortgages, so, as every day is a learning day…. I sold my property in Aug 2020 in order to build up some capital and move to a bigger place. Anyway, then my car broke so I'm about £4k behind where I would have liked to be in an ideal world, but then, it’s not an ideal world!…
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Mortgage calculators saying not able lend at this time?!
We got AIPs last week from Lloyds and Halifax. I’ve just gone into the calculators on their websites to pay around with sole different figures (so not the AIP bit but the generic calculator where you don’t put in any personal details, just income and deposit amounts etc) anyway they are coming back saying unable to to lend…
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Change of property sale price
Hi all, Just a quick one. When there is a negotiation in the purchase/sale process that results in the reduction of the sale price of the property (under £2,000), what do the lenders do - is it a complicated, long drawn out process to amend this and get approved again for the buyer?
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Mortgage Condition, repayment of debt
Hello, I've received a mortgage offer from Nationwide and for some reason there is a condition I repay the balances on my credit cards. I've already explained to my broker that I don't hold a balance on my credit cards, I pay the full amount every month via DD. I tend to put all my purchases through a credit card rather…
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What happens to mortgage offer if purchase falls through?
Hi all, Need a bit of advice here... We are in the process of selling and purchasing and in both cases, we and our buyer have already secured a mortgage offer. However, things are getting shaky on our purchase side of things because of a chained situation. We would like to understand what it means to our current mortgage…
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Past history
Dear Mr Lewis i had bad credit in the past I lost my house in crash of 2008/9 I was too embarrassed to ask my family for help. I met a broker who told me I should be able to get a mortgage based upon my salary £108K per year and a very good pension. I applied and was told I needed £15k deposit which I had, then we had…
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I changed jobs before completion. Is my solicitor Job to check this?
I'm very close to exchange and completion, but I recently changed jobs. salary is a bit higher and there is not probation period so is pretty much the same story as before. I understand some lenders may get nasty with this and they may ask at the very last minute for payslips. But my question is: Is my solicitor Job double…
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Lender raising enquiries after offer??
Hi all, we were due to exchange on our sale earlier this week. I've been sent an extract of an e mail from the buyer's solicitor that says "We had been promised the lender's reply today when we reported on 14th but they have since queried/requested more information from the broker and clients which we understand has been…
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Getting the FCA involved - how?
Hi Forum, Does anyone know how to get the FCA involved and scrutinising a bank's practices when you feel they are guilty of impropriety, given that unlike the Ombudsman they don't take direct complaints from the public? Would personnel at the FCA just ignore you if you wrote to them directly cataloguing the bank's wrong…
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Offset mortgage - use a broker?
Hello we are in the process of selling our house and buying another. We currently have an offset mortgage with First Direct which is fully offset. We will need a new mortgage for our purchase and were thinking about another offset. We will be borrowing around 20%-25% of the value of the new house. The reasons we would…
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Pay off mortgage
If I pay our mortgage off early, £44000 left according to my statements, asked the bank for a redemption figure they came back with £44000, so that means we don’t save any money on interest.
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Being a first time buyer in 2020
When people say house buying is stressful, I would disagree - its proved to be cruel, unfair and soul destroying. In 2019 I earned £74,000 and I have a excellent credit rating, yet I’m being constantly messed about by lenders and I can’t get a first time buyer mortgage for £209,000 with a £40k deposit. I put got an offer…
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Remortgage Halifax 75% 1.42% 3 Year Fix Too Early?
Hi, If my remortgage isn't due until 1st June 2021, can I secure this rate now or is it too early to submit an application (with payslips and valuations etc). I was thinking it could take 4-6 weeks and that would give me an offer that would be valid for 6 months, or can the product be withdrawn etc? I am seeing rates…
