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Sepcialist lenders - anyone succeeded in borrowing a little bit extra more ...?
Hi There We're in a bit of a pickle... we've had an offer accepted on our home. We've also found a home that we love and the vendor has accepted our offer. Our current mortgage broker says due to my credit rating and past 3 months of spending habits, lenders are most likely to refuse my application in these current times.…
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Buying out vs new mortgage
I have recently separated
amicably from my husband, and we are in the process of having a consent order
drafted, which includes details of what happens to the family home. It states
that I will stay in the house with our three children, and that it will be sold
when our youngest turns 18 (he is currently 3) or upon my…
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Income from employee shares
Hi all, I'd be really grateful for some clarification regarding income from shares please. My husband got to a point within his company where he was offered to buy shares, with the understanding that every 5 years after refinancing there would be a pay out. I'm curious if this can be included as a source of income during…
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Passed Credit Check
So, I am always a bit paranoid but I hate uncertainty. Here is where I am with my mortgage application. I have just paid down a load on credit cards after being gifted some money from my Dad. I was pretty sure that my past utilisation would have an impact but the advisor at the NatWest said not to worry if they were paid…
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Mortgages for shared ownership
Does anyone know anywhere that's doing 95% mortgages at the moment. Everywhere ive looked has a warning up saying they are not doing 95% because of coronavirus. Im not looking to borrow more than 50k really struggling to find something.
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Accord secured loan - need a broker
Im with accord, happy with them, so much so we ditched the broker and chose our own mortgage product each year - our finances are simple, its simple. They have now offered a 2.9% secure loan upto 50k 80LTV We are 65 % ltv and want £19k to pay off a 12%APR personal loan which is all home improvements (new bathroom, garden…
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Mortgage Protection
Hi All, in relation to mortgage protection, a quick google says it’s an insurance incase of death etc. Just wanted some more understanding of what it is, is it necessary if you have life insurance etc. Any advice would be great :)
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Getting Mortgage for Ex-Council Property
Hi everyone, So I spoke to an EA the other day and he told me that banks don't want to lend on high-rise ex-council properties and I wouldn't be able to get a mortgage for that. With all the cladding scandal / EWS1 issues I kind of get it. However, I'm wondering if there are any issues getting a mortgage for a low-rise,…
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Is Let to Buy our best/only option in this situation?
Hi, we’re looking to buy a new build home in Scotland and the builder requires conclusion of missives (exchange of contracts) a few weeks after release for sale and around 6 months before the expected completion. They aren’t able to confirm exactly when the house will be released for sale, or the price at this stage, but…
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Getting A Mortgage on Furlough
Basically the title. Is anyone aware of any lenders offering mortgages to those on furlough with a 10% deposit. Although on furlough, my company is paying my full wage with no help from the government scheme. It would be a joint mortgage and my partner has been furloughed previously but is now back to work full time. Any…
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Countrywide valuation - Nationwide mortgage
I have my valuation today - this is for borrowing more as opposed to a new mortgage. I am self employed but when I log on to nationwide all the submitted documents say they have been looked at and satisfactory and i have a DIP accept so i think valuation is all I am waiting on. Does anyone know how long it generally takes…
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Mortgage with credit card debt - possible?
Hi, first time buyer here. My situation is I currently have around £20k to pay back on various credit cards. Credit utilisation is around 66% as I have roughly £30k credit available. I have already closed unused credit card accounts that I had previously. I have signed up to the MSE Credit Club and it shows score of…
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Talking to multiple mortgage brokers?
Hi there I've been speaking to a broker and they have set up a mortgage from a lender. The rate is slightly high I feel. Is it ok to talk to another broker? I understand the lender will have done a hard search so it may affect my chances of getting another one. Would it be ok to shop around now I have an offer?
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First time buyer, Save for deposit or pay off credit card due
Hi, I am planning to buy a house in 8-9 months. We have not started saving much as we had some credit card dues, which were on 0% APR for 2-3 years. We have paid of most of them and only two things which are remaining is 1) £5,500 with Barclays credit card (0% ending in May 2021) and £5,500 personal loan with Nationwide…
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Expat Remortgage to BTL
Hi guys I seem stuck with a situation which seems trickier to resolve than it should. I'm a UK national relocated to the EU with my company and got a consent to let to let our family home in the UK while we were gone. Due to COVID my project here will now go on for maybe another 2 years and my company asked me to stay…
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Proof of family
Hello, I recently purchased 1 bed flat. The flat have 1 extra room and my friend was interested in moving in with me for £200 rent (something that can help me repair part of my flat ). The friend is just like my family member who has helped me a lot. However my lease says i cannot let my house nor a room out. The house…
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Application with Kensington
Just had application submitted with Kensington for myself and my husband and our baby. We are first time buyers and my husband has some adverse credit history. It has taken a while for us to receive an agreement in principle and we finally did and proceeded with a formal application after finding a home and getting an…
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Advice on type of mortgage for second home (live in and rent out)
Hello Looking to buy a property close to work - stay there during
the week and back to current property for the weekend. I am looking to buy a two bedroom property so I can rent out
the other room to a lodger (work colleague). I would be able to afford the mortgage on the second property
without a lodger, but would prefer…
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Paying off loan before mortgage application
Hello, My partner and I are hoping to start the process of buying our first home this year. Our credit files are healthy, however, I have an outstanding loan of £7.3k that I used to buy a car in 2019. I pay off £350 per month and have never been late on payments. We have no other debts. Just wondering if its worth paying…
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Early Repayment Charge - Can I get it waived?
Hi, advice needed on this case please... I have recently split form my partner therefore we are having to sell the house, we have a joint mortgage with Santander 50% each. I have found a property and based on my AIP with Santander I was told I was able to borrow what I needed which was £180K (porting £125K from existing…
