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My mortgage
During this awful pandemic ..we have paid every penny of our mortgage....but have had to let them know it will be late by few days due to lockdown etc as hubby works in france ..and virus has had a huge affect on our life due to people being sick and offices working on lower staff etc ...now our mortgage has charged us £50…
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Coventry (godiva)
Hello, I really have 2 buy to let with the Coventry Godiva going for a third one now. Cannot seem to get the right answer from Coventry so does anyone know can help please? My question, I have few debts but do they look at debt? because they tick the box I don't have it debt automatically? Also do they look at income? Or…
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Mortgage Over Payments.
Good Morning, I have an Offset mortgage with the interest charged daily that I pay over payments on when I can. The mortgage is recalculated on the 31st December every year. My question is, I am now going to just pay a one off single lump sum to the maximum I can for that year so when is the best time to make my maximum…
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Obtaining a mortgage on a property which has holiday cottages on site
We are looking for advice on the best way to get a mortgage on a property which has cottages which are currently let out as holiday lettings. We have a fairly good Loan to value of 40% but many lenders do not want to lend on this type of property. The vendor has said that they would be happy to split the titles, this would…
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EWS1 - preventing sale of my flat
Hi everyone, I am in the process of selling my flat. It is less than 18m high and so has no EWS form, and The leaseholder has Written a letter stating this and stating that it no plans to get one. It also has no cladding. The buyer’s mortgage company are insisting on one anyway and so we’re in stalemate. I’m guessing…
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Mortgage Lender EWS1 Criteria
Hi all We recently had a sale fall through on our leasehold flat. Our buyers mortgage lender was requesting fire safety certificates we do not yet have. Our management company have had the relevant surveys carried out but final reports have yet to be received so our buyer has given up waiting. What is frustrating is that…
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Free Legals Remortgage
HI Guys Trying to Remortgage with West Brom , I opted for Free Legals , The solicitor is taking long and needs a DOV. In meantime I got another offer from Natwest due to the delay, My query is If I take offer from Natwest , Do I have to pay legal fees to West Brom Solicitor?
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Credit Card Balances on Mortgage Application
A question I have never been able to find a straight answer to... I use credit cards for most of my everyday spending, which results in a statement balance of c.£2k on average each month. I clear the balance in full each month without fail. When it comes to completing a mortgage application, what should I be putting…
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Likelihood of getting an extension - Accord
Hi. We sold our house and exchanged for a new built home. Building works are potentially delayed which means I'll have to ask Accord for an extension. It is the first time I will have to ask for one. How likely is it they will grant it and what are the odds of them looking again at my application and potentially…
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Declined -what now?
Hi, My partner and myself have been declined by 3 companies- 2 high street and 1 adverse. Can anyone advise a good adverse MA? We are in Scotland, looking for £180,000 and have about 15% deposit. My credit file is perfect but his isn’t - credit card missed payments but clear for at least 24 months. We had a previous…
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DIP accepted after referred to underwriter - good sign?
Hi Just wondering if anyone can offer any advice on our application. Our DIP was put in last week and was referred to underwriters- they came back and asked for a reason why my partner had taken a string of pay day loans between 2017 and 2019. We provided this explanation letter and the next day the DIP came back approved.…
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Help - Precise - Payday Loan Issue
Hi Guys! My partner took out some payday loans in the past (2016) however had £26 outstanding on one of them however had no idea about this (if he did, he would have paid especially with this being such a low amount) we only found out as in October 2020 we applied for a mortgage and it was declined and we were told this…
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Mortgage [Relating To Self Employment Grant] - HELP
** I'm looking for help & advice ** In December 2020 myself and partner called our bank (NatWest) to ask what money they'd lend us if we decided to sell our property and buy a new one. They advised us they'd lend us £365,000 and should we decide to sell our property we'd be able to 1) keep our current mortgage rates due to…
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Self build house on parents land
Hi I currently live in a log cabin with my partner on my parents farm we would like to knock our current cabin down and build a bigger one. To be able to finance this we would need a mortgage but we obviously don’t own the land so would we still be able to get a mortgage? Thanks for any help Hollie
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Mortgage advice for a winning poker player
Okay so first of all I'll say hear me out before you make judgements. Me and my partner are looking to apply for a mortgage soon. My partner works full time and earns 25k. I played online poker professionally for 8 years and it was my sole income. I have recently however aqquired a part time role as a civil servant earning…
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How does a broker make money
I am going to need to approach a mortgage broker as my circumstances aren’t quite straight forward - do you normally pay a broker a one off fee or do they get commission on referrals from banks etc I am trying to keep costs down , I could prob go out to various lenders myself but a broker will be better placed I think to…
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Any recent West Brom Mortgage Timelines
We had AIP and full application go in yesterday, just wanted to check what timelines/scales to expect going forward? They have mentioned application review in 48 hrs from full application (underwritten in 48hrs). Is this true?? Any self employed? What documents were requested in addition? Full app to offer services times…
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Deed of trust - still a first time buyer?
My sister’s name is on my mortgage with a deed of trust 100:0. As agreed, she hasn’t contributed to the property in any way financially, or lived there. She was a name on the mortgage to pass the affordability checks. I have now been able to change the mortgage in solely my name. Will my sister qualify as a first time…
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Changing name on mortgage
Hi All, So myself and partner are going through the process of buying a house but due to my partner being on furlough the bank has advised we need to wait until she returns to work. Which is dependent on the government lifting restrictions. The vendors are in a rush to sell. My brother has offered to do a joint application…
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Simply Adverse ?
Has anyone got any experiences of using these for a mortgage ? Thanks
