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remortgage and self employed
Hi there I'am 4 years into my mortgage and was thinking maybe its time to remortgage never missed a mortgage payment but got 3 defaults back in 2019 and owe £400 on a credit card, and a ccj which is settled for yorkshire water. would i get a better rate as on a subprime with vida any thoughts so scared ill get turned down…
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Query re process
We hold a mortgage but we are selling and movjng to a much larger property. we’ve instructed a financial advisor who has assisted us in an application with a new lender. After sending the usual 3m bank statements, they have asked for my ISA statement as I use my isa for storage of my bill money (it’s the easiest way for me…
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Mortgage Offer & mobile upgrade
I'm due for an upgrade on my mobile and just had a mortgage offer through. Will an upgrade have an effect on this on my credit file? Should I leave it until we are all done? Don't want to risk anything! Many Thanks 😊
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Help to buy advice
Generally with help to buy, is it better to take out the largest equity loan possible or is better to only take out the percentage you need as an equity loan and put the rest to mortgage? The advantages I see of taking out the largest equity loan possible are that it’s 0% interest for 5 years, it’s an equity loan so if the…
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Posted in wrong forum, please delete
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Senior Underwriter Coventry
Hi my mortgage got approved by Coventry building society on Monday and we got told we would have an offer by Friday. Today our broker chased it up and it turns out our case is now with a senior underwriter? We were under the understanding it had already been approved! Why would they put it back with the senior underwriter?…
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Halifax AIP - how likely to honor the amount?
Hi, just wondering if anyone has experienced anything similar. Myself and my partner put an offer on a house last week at 525k and found out today it was accepted which is great. We already have our AIP with Halifax at 494k and we have a 44k deposit (which means we wouldn't actually need to borrow the full 494k amount) I…
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Mortgage new fixed rate question
Hi I'm with HSBC and my fixed rate ends in August. I can now switch to a better rate. I did this last Friday and paid £999 for a fixed rate of 1.24% over 5 years. This rate does not start until my existing rate ends in August. The new fixed rate has just gone down to 1.19%. Do you think its possible that I can switch to…
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Barclays morgage
Hi everyone, Im in middle of a application to barclays, my broker applied on the 5th of june and hard check was done and also a desktop valuation. I got a email from my broker that barclays have emailed asking for one document, this was on the 8th of june and the document was sent back the same day. On the email when they…
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deposit vs debt
Hi, my husband and i are hoping to apply for a mortgage in around a year, i have spent the last year getting both our credit files into order and now we are paying down our credit cards. I am paying £1200 a month to them over the next 6 months to clear them and then we will save the £1200 a month towards a deposit. My…
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Has anyone had experience of additional borrowing close together?
I wanted to fix at 75% LTV with AB and then I am about to do a further application for another 5% at 80% LTV as I didn't want everything on 80% LTV Rate. The bank said there is no 6 month gap between drawdown/applications etc like some banks do. Nothing will have changed application wise....just thoughtful that it may be a…
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Over complicated mortgage with Halifax?
We've had an offer accepted on a property and need a joint mortgage of £198,000. My property being is sold is in my name only and has £80,000 left on the mortgage. There is an early repayment charge of £1605 on my mortgage before January. Our broker has suggested that we port my 80k mortgage with Halifax, add my partner…
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Re-mortgage advice
We are coming to the end of our 5 year fixed term mortgage and now looking to decide whether to go tracker or fixed term and for how long. Current rate is 2.14% and mortgage of £130k. With rates as low as they are I suspect that a tracker is probably not a good idea so another 5 year fixed term feels about right at this…
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Turned down – self employed any advice/stories?
Hi, We're FTB my partner has a really decent FT job and we only need a tiny part of my income. We've been turned down by TSB due to me not having 2 full years of business accounts. I do have 2 years SA302 and have made a good increase in income in the last year. Has anyone else had any issues or been on a similar journey…
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Adding partner to mortgage advice
Hello, I would like some advice on adding a partner to your
mortgage. I have recently bought my first house on my own after my
partner of 3 years chose not to buy with me but I wanted to get onto the
property ladder. We are not married and don’t plan to currently and he does not
live with me. He has since regretted his…
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Mortgage Offer
Hey folks, We have just received our mortgage offer in the post from Barclays and I have a question as I’m confused about something... The one page says... The amount of £165,965.00 will be sent to your solicitor for completion. Another page says... Amount and currency of loan to be granted: £166,000.00 Then... (Which is…
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Precise mortgage offer
Hi all, I know there are a few threads regarding precise but just wanted to start a new one with anyone that has applied recently. I know all applications are different. I put my full mortgage application in Monday and my mortgage advisor told me today that they came back asking if I had paid any deposit to the developer…
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help with problem mortgage
we have an interest only mortgage we paid our normal contractual monthly payment in august 20 . the same day we phoned to clear the areas balance of over 2000.00 after paying the arreas balance off they phoned me to say that they had taken the monthly mortgage payment that was due to fall due on the 31st of august but dont…
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Will mortgage lenders lend on property with missing documents and unknown restrictive covenants?
I am in the process of buying an ex-council house. The deed for the house says that there are restrictive covenants. The problem is that the document containing restrictive covenants is missing. The land registry do not have it on file and the seller does not have it. My solicitor says that I can take indemnity insurance…
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Renting between house purchases
My partner and I are thinking about moving back up north. The housing market where we live currently is much more lively than where we intend to move, and we don’t know exactly where we want to go. We were considering selling up here and renting in our desired area until we find the right house. Apart from not being able…
