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Monthly Mortgage Payments too much?
Hi everyone! First time buyer here and slightly concerned as to how much is TOO much to pay each month for our mortgage? We’ve been told that ours will be £1500 ish- which means split with my partner, And including all bills each month it will take about half my monthly pay. Is this the norm? Any advice would be greatly…
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Exchange/completion
Evening, my brother is buying a property currently 6 months and counting. He is nearing his completion now. And his new lender is asking for proof of exchange of contracts from our solicitor (we owned a house together which we sold back in October.) we have emailed our Solicitor who we used but just wondering will they…
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How many credit checks
We are in the process of application I noticed a credit and ID check at the start a week ago. No new still waiting and today I have been notified of another ID and credit check for us both. Is this normal I was under the impression one was done at the start and the end ?
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Mortgage broker recommendations
Hi all, As the title suggests, can anyone recommend any free mortgage brokers (if the rules allow!). Thanks,
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Loan to value
I’m separating part of my garden from the the mortgaged property to build on.I’m being asked for a payment by the lender to safeguard the security of the existing property.So that it still has the same exposure of 75%ltv but the original contract was 85% ltv are they allowed to change the ltv from the original one.Thanks…
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Owner's Consent Form in basic terms?
Can someone please just help me in basic terms. I've been asked to sign an Owner's Consent Form/Certificate as my mother is applying for a loan. Can someone please just explain what it is in basic terms for me before I sign it? Does anyone know if it affects future inheritance or will I be liable to pay anything if…
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Help to buy
Hi, I have a residential mortgage on my home which is with a help to buy equity loan. Can I purchase a second property on a buy to let basis whilst I have the equity loan? Thanks
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CeMAP
Hi. Has anyone had experience of completing online courses to qualify for the CeMAP Mortgage Advisors certificate and getting employment after?
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Furlough before Completion
Hi I was hoping I might be able to get a little advice please :) We are currently in the process of purchasing our first home - We have a mortgage offer and yesterday we received the Mortgage Deed through for signature yesterday. However, since we applied for the mortgage my husband has been placed on furlough - Am I right…
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TSB 2021 Timelines
Hi All, Does anyone have recent experience of mortgage approval from TSB? We submitted full application via a broker on 12Jan21, some additional requests on 13Jan21 and radio silence since. I known it’s only been a week (total control freak over here, I don’t want to hassle our broker too much!) but I’ve seen other posts…
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Taking SEISS Grant AFTER mortgage offer received
Mortgage offer received from Santander but not expecting to complete until mid to late Feb. My husband has tested positive for COVID and is isolating for ten days, i have now developed symptoms and waiting on a test result which could result in his isolation period being extended. I work from home anyway so no problem for…
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Later Life Mortgages & Equity Release Schemes
Trying to raise £10-£15K for debt consolidation, repairs needed to both properties that I own, holiday etc. Been turned down by Equity Release schemes, one Later Life Mortgage and loans. Various reasons given such as age restriction on properties, service charge & ground rent too high, location near to commercial…
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Mortgage for bankruptcy
Good morning. Any help please? I was declared bankrupt 02/15. Discharged 02/16. I am wanting to buy the house I am currently living in. I have my 15% cash deposit. I have been in touch with a broker who has stated he cannot help me as I must be 6 years from date of discharge to qualify. I do not really want to put my trust…
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Does anyone have experience of porting and additional borrowing with Virgin?
Hoping we get some news tomorrow; Virgin Money Mortgage - £205K Porting existing mortgage and applying for additional £75k DIP - 26th November Application submitted - 23rd December Application reviewed and need Januarys payslip to show reduction in childcare costs - 31 December Payslip submitted - 13th January Valuation…
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Interest rate change
Im a bit confused. Im coming to the end of a fixed term and being moved to the SMR. However even thought the SMR is higher than my current interest rate, my monthly payment has reduced. Why? Also the term was for 5yrs, but the mortgage doesnt clear until 5yrs 3m. I havent taken any mortgage holidays or missed any payments,…
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Mortgage application should be straightforward right?
I have £230k cash in the bank from the sale of my last house and am looking up to £300k for my new place so will be looking for a small mortgage up to £70k (most likely much less). I'm a company director with erratic income and not always easy to prove but despite this, with such a large 'deposit' I would expect a mortgage…
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Halifax Mortgage application (awaiting decision)
Just wondering if anyone else is waiting for a decision from Halifax and wants to join me in being impatient and apprehensive 😬😬😬😬
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Predictions for when no Stamp Duty ends
What do we think will happen when the £0 Stamp Duty ends?Me and my partner are looking to buy for the first time, looks like out max will be £310k inc deposit but everywhere decent in and around our area is sitting at £325k.Kind of hoping prices come down just a little bit after as looking at our choices at the moment…
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Employed by a new company
Hi, if I’m employed with a new company, does anyone know roughly how many payslips mortgages lenders may want because of the fact it’s a brand new company and it’s during these coronavirus times?
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The Coventry building society
Hi, I am applying for buy to let mortgages with Coventry building society (godiva) on their website its says they need latest p60 and 1 month bank statement. But I don't have the 19/20 p60 because I wasn't employed until June 2020. Does anybody know are there any alternative or can I give three months bank statement…
