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Lenders constantly changing
We’ve had 3 DIP since August, all been invalid due to the lender changing the criteria, never been able to go for a full application as we haven’t sold and found a house yet. But now with the lenders changing constantly we have no products to look at! So frustrating!
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Equity release
I own one house in Portugal. No mortgage. Because of Covid, times are now very hard and i am looking for a uk company that would consider equity release on my property here in Portugal. I don't know whether this is possible? I have looked at products over here, but they do not do an equity release mortgage whereby the loan…
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Mortgage offer on hold - furlough
So our mortgage was approved last week but then my husband got furloughed. Even though it did not affect our financial circumstances in any way our mortgage advisor insisted on letting NatWest know about that. Today she received an email from NatWest saying that they cannot count furlough pay towards affordability and they…
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Revised mortgage offer?
We had our mortgage offer approved in August, got the below text today, broker has no idea what's going on, rang NW who said it was something to do with land registry, can't get my solicitor to answer the phone.. But can someone just confirm to me im reading this right please.. The purchase price - the mortgage offer is…
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Can I go onto my partners mortgage with no declarable income?
This sounds like an obvious question but I'm putting in a third of the value of my partners house to help pay off the mortgage but my income is 100% bursaries and grants which they don't take into account. When I rang up his existing lender (halifax) they said no. But I'm so confused. My solicitor said in order to do a…
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First Time Buyer, I may have messed up.
Hey all, I hope everyone Is keeping well in this hard time. I have a question relating to proof of deposit. Me and my partner have some savings and a family member has matched it so we can use it for our deposit, let's say our total deposit is £10k. Our mortgage was successful and we are now in the home stretch, at the…
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Mortgage options on furlough
hi all. We had a mortgage approved pre Covid, but unfortunately the house we were buying fell through 3 times. Wasn’t meant to be! I have been on furlough since May and work in travel (not great!) husband is self employed and been unaffected through Covid. I was due back to work on 2nd Nov however the announcement that…
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Hard checks
Hi everyone, I have recently submitted a mortgage application to Halifax and they have book a valuation, am I right in thinking they would have already done the hard checks? So if credit history was a problem they would have already declined and not taken the time to arrange a valuation? Any help is appreciated! Thank you
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Mortgage Declined. Help
Hello all. My mortgage with Santander got declined today. After a month of back and forth questions, and sending documents, the application got declined at the under-writing stage. The reason was that they had no proof that I've been in employment for the past 2 years. The reason behind this, is that I was on an…
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Redundancy as Morgage is going throigh- Halifax!
Hello- I am hoping for some advice. I have seperated from my husband and we have sold our family home and both purchased new houses. My Morgage has been accepted and offered with Halifax. I am hoping to complete in December and move. I have lost my job in November and I’m petrified I’m going to loose my Morgage and house.…
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Barclays Underwriters
Just trying to be proactive here. Have passed all the checks with Barclays and full application has been submitted for a 25% LTV mortgage part of which I am porting. I have a salary of circa £50k and looking to get a £210k mortgage on an £820k house. My Achilles heel is that I have around £100k of available credit card on…
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Santander self employed
Hey Just after a little bit of advice from someone who is going through or is going through same process as us. Application put in with santander a few days ago im employed on maternity leave and my other half limited company for 3 years but latest year earnings doubled due to work and less expenses. We have provided an…
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Redundancy - Do we tell our mortgage lender?
Hello, Me and my partner are just about to exchange contracts on our first house. However, my partner has two jobs and he has just been made redundant from one of them (the one which pays the most and the one used to secure our mortgage offer). I have no concerns on my wage and the fact he also still has money coming in…
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Car PCP or loan - best for mortgage?
I currently have a car on PCP. If I took a loan out to settle the agreement it would be a lower rate of interest and therefore cost me less in the long term but I don't want to do anything that will affect the chance of remortgaging. The last time I remortgaged I had PCP on a different car with higher monthly payments so I…
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Is the mortgage lender being fair and legal?! – mortgage overpayment issue
Hi I have a 25-year mortgage which is to be paid off in year
2040, and there are early payment restrictions for no more than 10% of the
mortgage remaining balance. I had some spare money, so I paid 10%. I was advised by the
bank that I can keep the monthly payment as it is now but shorten the mortgage
term by 2 years to…
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TSB Mortgage - Shared ownership trap!
Hi, so I’ve been devastated to learn that my remortgage to a 100% share has been declined at the final hurdle due to ‘ID checks’. We had a mortgage in principle approved up to £170k. we wanted to borrow £140k to buy out the remaining share. I currently have a mortgage with tsb @ £68k for the 60% share. HOW CAN THEY DECLINE…
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Mortgage advice- commit or wait?
Hi guys, I’m currently in the process of buying a new build with my girlfriend. We are using HTB as the build was due to be complete in January. However the builder has now come back saying they won’t be complete until March, which will mean we are no longer eligible for the HTB scheme. Now my girlfriend has a default that…
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Combining two adjoining cottages - mortgage implications and amalgamation of titles?
Hi there First-time posting but as you're such a knowledgeable lot i thought you may be able to advise. We have acquired the neighbouring property and are intending to combine the two to make one family home. It is a decision made on personal, not financial grounds, as we wouldn't be able to find a similar house so close…
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NatWest application timescale
I am a FTB (hoping to be anyway!), and am interested in recent NatWest application time scales as they are not providing me with much information or updates on progress. 30/10 offer on house accepted. 02/11 mortgage application put in. 03/11 documents requested, sent by digi-docs and confirmed as received within hours. As…
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Remortgage and cash deposits
Please don’t be cross with me about this situation, as I’m already anxious and unsure what to do. We were planning a house extension so applied for planning etc earlier this year and it was approved. We then became pregnant (a little sooner than anticipated] and found out around August. We waited until 12 weeks and decided…
