-
Bank statements
We’ve had an offer accepted on a house today so looking to put in our application with Kensington via our broker this week. With regard to bank statements, what exactly are they looking for? We essentially have a current account each and two savings account in my wife's name (one raindy day account with around £5k and a…
-
tenants in common RTB mortgage
IS tenants in common acceptable on a Right to Buy mortgage between Mother and Son Thanks for any info.
-
Single application vs joint
Hi all My wife and I are planning to buy a home next year and have a good amount of a deposit saved , we both have a less than ideal past with money hers a lot more recent than mine. Now i was planning to apply for a mortgage in my name only , i have much better credit, my poor financial past is around 11-12 years ago so…
-
Self-Employed Mortgage Applications During Lockdown
Hey! Heard today that mortgage lenders aren’t accepting applications from self employed people who are closed due to covid-19 and have accept government grants as this is acceptance that you are in financial difficulty. Anyone on here shed any light on this? Me and my fiancé have been saving to build a house for months now…
-
Mortgage 50% stake in tenants in common property
Hi all, first time poster apologies if in the wrong place. I own 50% of a property as tenant in common. Is it possible for me to get a sole mortgage on my share to pay for renovation work/consolidate debts?
-
Long DMP affect on future Mortgage
Good Afternoon, I was hoping for some advise from either those with experience or a MB on the forum. Apologies this is a bit of a “future” scenario but I would just like to know where I stand. Basically I am now 2 & 1/2 years into my DMP and looking forward to when the defaults come off my Credit File 🥳 (after 6 years).…
-
new mortgage with outstanding IVA
Hi everyone, I currently have an IVA that was taken out about 2.5 years ago, since then i have married. my wife wants to buy our council house, but due to being financially associated to me she cant get a high street lender. her mortgage advisor told her to disassociate herself from me by closing the joint bank account…
-
Mortgage help with bad credit
Hello, I’m hoping someone can give me some advice. I’m currently looking to buy for the first time with my partner, my partner has great credit but I don’t. I keep putting off the whole process of buying a house as I’m scared about being refused because of my credit, Has anyone else been in the same situation as me, please…
-
Gifts from income
Me and my wife are looking to purchase our first house. We have some savings to put towards a deposit as well as a gifted deposit. As well as my FT salary (approx £40k) my wife's (approx £8k) we also receive £1k a month from my grandparents through a "gifts from surplus income" arrangement. Has anyone had any success…
-
BTL in wife's name. Joint mortgage?
Hi, my wife has a house in her name from a previous marriage. The mortgage is currently at standard rate (above 5%). LTV is around 60%. Would like to remortgage with a buy to let deal (half the Interest rate) but she doesn't work. Can she borrow the money using my salary if I'm not on the deeds? If not, is it an expensive…
-
Use ISA towards Mortgage
Hope I have asked this in the right place. I am thinking about cashing in my ISA and putting it towards the mortgage. Currently overpaying but have worked out that with the ISA money and increasing the overpayments (can do this without breaking the bank) I could have it paid off within just over 2 years (currently 11 years…
-
Applying for mortgage with provider that has no local office
When looking for a mortgage it seems the best deals are with lenders that don’t have offices anywhere near us...we are in Derbyshire and one possible lender’’s nearest office is London (Allied Irish Bank). Do we have to go their office to complete the application as if so this will mean a day off work for each applicant…
-
Halifax mortgage
Hiya Waiting for a response from my Halifax mortgage application. Just wondering how the underwriting is done just from reading things online some people are saying its a computer that generates a yes or no but others saying its done by human underwriting? Doesn't really make a difference but I would feel less stressed if…
-
Let to buy for couples
Hi You amazing bunch! Me and my partner both own a house each. We want to rent out both of these homes and buy a house together. Would we be able to go down the let to buy route if both of our solely owned homes were mortgaged as BTL? We are happy to pay the extra stamp duty and both have 25% in our solely owned homes but…
-
Highstreet mortgage possible with adverse
Ok so me and my wife are hoping to apply for mortgage ourselves with a highstreet lender in March. We spoke to mortgage advisor and she said she charges upto 1000 pound for adverse mortgage so hoping to try by ourselves and going direct. I have read on here about people being successful with ccjs even high amounts getting…
-
Interest Rates heading up due to rising inflation so fix now while you can?
Inflation is likely to go up as the price of goods is rising due to a combination of BREXIT, COVID and shipping container costs and all the money being pumped into the system by the Bank of England. Long term gilt yields are starting to rise so this will feed into fixed rate mortgages so if you need to fix now
-
Lenders accepting furlough
Hi all, does anyone know of any lenders accepting furlough income for a mortgage application?
-
Timescales.
Just wondered how long completions etc are taking during these times? We accepted an offer mid Oct ... we found a property mid Nov, offer accepted, mortgage declined mid dec, and then received Mortgage offer early january. All searches are done for what we're buying and basically ready to go.My property leasehold so taking…
-
Do I pay off my top ups
My Wife & I, are considering paying off 2 small top up mortgages that we have to our main mortgage. 2 years ago my wife was ill, we were fortunate to have a good Mortgage life policy. This subsequently paid off our main mortgage to the tune of about £100k. We are now left with two smaller mortgages that were linked as…
-
If you have taken out credit after mortgage offer
Dear people that may have done this This thread is to summarise all points made in all forums on MSE and to hopefully offer more perspective. I’m assuming there is no CCJ/bankrupt issues/late payments as offer has been given and you won’t be silly enough to miss payment as your offer will more than likely be withdrawn.…
