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90% LTV with defaults older than 2 years?
Hi all, I am looking to buy in about 6 months when a handful of defaults I have go over 2 years old. All settled but came about during a messy personal life crisis with divorce etc I'll have enough for 15% deposit on typical properties in my area, and doing a search for lending criteria I should be fine with 85% LTV with…
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Endowment questions
Hi All, Couple of questions that hopefully somebody will be kind enough to answer We took out a mortgage endowment plan with Zurich 21 years ago to cover our mortgage of 31k, we have paid the mortgage off but kept the endowment going. 1, The last yearly statement shows a cash in value of just short of 23k June 2020 and 27k…
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Chances of getting a mortgage with missed payments
Hi, I’m after some advice! I currently own a house which is sold and going through solicitor etc at the moment. I am wanting to buy a new build property with my partner and we have found the house we want. The trouble is my partner has missed payments and payday loans on credit report. I am really concerned that we won’t…
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Chances of getting a mortgage with payday loans.
No missed payments most paid of early. Buffa loans x 2 - took out feb 20 paid in feb 20 One for 200 Other for 400 Oakbrrok finance feb 2020 2000 paid off by spetmber 2020 3 x apfin all 100 each all paid off June 2020 Mr lender 400 took out jan 2020 Paid back jan 2020 Lending stream x 3 - took out feb 2020 paid in feb 2020…
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Should I be worried by revaluation for mortgage advance purposes? Half way through renovation?
Hi. Took out an 85% LTV mortgage with Halifax last August for a doer upper (everything working, just very dated). We’ve fully rewired and replumbed the house as well as replastering all the rooms but one. We’ve also had a supporting wall taken down (building regs compliant) to make a bigger kitchen and added a downstairs…
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Complete change in circumstances
I have had a change in circumstances. If i switch my current deal to a buy to let £150k value owe £118k with 999 credit score would i then be able to get a mortgage with a 10% deposit on a flat for £110k as well? what are the likely chances and payments?
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First time buyer - money for building work
My partner and I earn £70k p/a between us, we are buying our first home from a family member for £120k, the house has been valued at £220k. We would like to build an extension on the property, which will cost approx £80k. Is there a way we could get this money with our mortgage so we could start work straight away? Rather…
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Consent to Let refused & EWS B2 rating
Hi all, I am looking for advice. My flat in South London has received a B2 rating so currently unmortgageable and I cannot sell (other than to try and find a cash buyer at huge knock down). I lost my job in first lockdown and have a new job that is a 3 hour drive away, has been ok whilst working remotely but now need to…
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Impact of late income
Hi everyone, long time lurker, first time poster! We are viewing a house for a second time this afternoon. We love the place and will most likely put in an offer tomorrow morning. However we have a potential issue in our paperwork which is keeping me awake at night worrying about it. After reading all the useful threads on…
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Halifax & CCJ
Hi My current mortgage is with Halifax, held jointly with my husband since November 2017. We applied for an agreement in principle, again with Halifax, in July 2020, which was approved but we ultimately didn’t proceed. Last month we found a house we loved and planned to make an offer but were rejected for an AIP because of…
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Additional borrowing on mortgage purpose
Nationwide's policy How is this enforced? Do you have to prove how the money is being spent?
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Stamp duty question
Hi I am moving house that is my residential home. Purchase price is £380k before end of June deadline. I currently own a buy to let property with my ex partner. I know... dont ask. I have been on the government SDLT calculator and put in my details and there is no excess stamp duty to pay. I am living alone. Is this…
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Not sure what to do, please help
I own a property outright that's worth 170k (3 bed semi) (the mortgage company have a legal charge on the property which I kept open after I paid off my mortgage in case I wanted to borrow on it again as it would make it easier). Anyway - Ive seen a property I want to buy (offers over 325k) and I have approx 160k cash to…
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Annual bills credit card vs mortgage applications.
So I'm basically debt free, the only debt I have is because I pay all my annual bills on a 0% card (road tax, car insurance & contents insurance), divide by 12 and treat it as a monthly bill, works out at around £75 a month and avoids hideous APRs. Like many people I'm currently in the market for a house in the next six…
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Santander Mortgage Fees
Quick question, hopefully someone can quickly answer. On the MSE comparison website, all Santander mortgages come with a £225 fee, which is an account fee, however there is another fee called an 'Early Redemption Fee', marked as a 'Clawback Fee'. Can anyone explain what this 'Clawback Fee' is? Is it in a few in addition to…
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Any Positive Outcomes with Natwest
I am so anxious...does anyone have any positive recent outcomes with Natwest! My broker has submitted my application this evening and seems really positive...I am worried as I have two late payments and a few payday loans all of which are over 2 years old. I am buying my dads house and he is gifting me the equity for the…
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Do all lenders do a second credit check?
Hi, do all lenders do a second check before completion? Mainly TSB? Also, question regarding my application.... Each month i pay a small amount back to my employer which is on my wage slip (comes out with tax etc) because they overpaid me some annual leave a few years ago and I didn't realise. I owe approx 1k. I completely…
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Please help, need advice about getting a mortgage After a DMP
I'll try and keep it short. I had a DMP with Stepchange which started in 2014. Last payment made to it in February this year. All defaults over 6 years old and no longer on my credit file, have checked all three main agencies. None of them ever said I was in a plan just showed as default hence all not showing now. By the…
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Need help please!!
Hi everyone recently i had a morgage application with newcastle society and it got declined. I was assured from my broker that it should be accepted so we applied and they asked 2 questions regarding cash deposits, which i answered then day later my broker said that i have been declined without a reason. I think my broker…
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mis-match on mortgage expiry dates
I had hoped to be exchanging today on the purchase of a new build. However, we've hit a problem which should have been anticipated earlier. My new build is expected to be ready early September but there is a backstop of end November which matches my mortgage expiry. However, my buyers have a mortgage offer which expires…
