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Lender wants proof of latest credit card balance, don’t have it
When my broker applied for my mortgage, my balance on my credit card was about £3k. I made an extra payment of £500, told the broker and he submitted the new figure as an update to the application. Bank has asked for a statement confirming new balance, but my statement will only be generated at the end of the month. Phoned…
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Paying off credit cards
Hi, I currently have money on credit cards which I’m looking to pay a large chunk/most of this off and apply for a mortgage. I know that mortgage companies will do a credit check and be able to see I haven’t missed any payments but will the fact that I have previously had money on credit cards affect my chances of getting…
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Small LTV mortgage on a one year temp contract.
I currently have a mortgage offer from HSBC for £40k;
however, the house fell through, and I’ve since been offered the chance of a
career move. But there is a catch. I will be moving from a permanent position onto
a one-year contract (better prospects for the future etc). I’m aware that
obtaining a large mortgage on a temp…
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Mortgage to pay loan from parents? Bridging loan?
Hello! My parents are currently selling their house and plan to significantly down size, they have offered me money to borrow to go to auction. As the turn around for auctions is often a lot quicker than mortgages can be arranged. Is it then possible for me to get a mortgage in order to pay my parents back? Thank you in…
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Shared ownership with old default payments on record
Hello I am not one to know things about My credit history and am trying to get 25% of a share ownership house ... We have a 5k deposit and the share costs 48,500 But I've just discovered I have two default payments from nearly 6 years ago on my credit record .. they are for about 100 and something each .. I don't know what…
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NatWest mortgage
Hello, I just wondered if anyone can tell me which credit files NatWest checked if you took out a mortgage with them recently? Which did they check at DIP stage and which did they check at final stages? When did they leave a mark on the file, at DIP stage or final stage? Thanks
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Mortgage ability due to credit issues
Our credit ratings are atrocious, we know that. Multiple late/missed payments and defaults/ccjs. since early last year we’ve tackled things head on, built up some savings, repaid a lot of debt, paid off a lot of the defaults and all the ccjs. we want to apply for a mortgage in late 2023 when we should have a 10% deposit if…
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Barclays mortgage help
Hi I’m looking for help/advice please 🤞 we are in the process of buying a new house. We have gone through a broker and our mortgage application was submitted to Barclays on the 26th Aug. We were informed by our broker on 3rd Sept that Barclays had done their ‘initial assessment’ and the application is still with the…
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2 mortgages residential
I am applying for 2 mortgages with lenders. first house value £150K borrowing £119k (79% LTV) second house £135k borrowing £114k LTV 85% with 999 credit score no other credit and earning £42500 will this lilkely be approved
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Another FTB question - EAs trying to make you use their mortgage broker
Hi there, another first time buyer here! I put in an offer for a flat this morning that I'd viewed over the weekend, after having discussed my circumstances with an independent mortgage broker and the broker doing a quick scan to find suitable mortgage products, which subject to a hard credit check looks to be positive and…
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Can I withdraw from retention fixed term product before start date?
I have recently arranged a new fixed term mortgage with my partner with Barclays via L&C. My current term ends this month so the new retention product should start then. My circumstances have now changed such that entering into a new fix is no longer a preferred option - relationship breakdown. Is there anything I can do…
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Can lenders see youve been turned down ?
I keep flying through the AIP,. Pass the valuation, provided documentation and then turned down. 4 times this has happened and they refuse to provide an explanation. Barclays, Bristol &Bath, Natwest and Coventry BS. Anyone have any theories on why please?
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How much Mortgage do I actually need to apply for?
Hi Guys, Just looking to cross-check some information with the community as I am a little confused. Details below. New Build Property value of £247,995. We have reserved and paid an initial Reservation Fee and have been advised we need a Mortgage Offer in place before Exchange of Contracts. A bit of confusion about how…
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Start property searches without draft contract?
I've been waiting for the vendors solicitors to produce the draft contract for several weeks, I'm not sure how long is considered normal to wait? My mortgage broker initially said "don't pay the solicitor for searches until the mortgage is approved", which gave me the impression that searches could be started at anytime.…
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Is p45 needed for mortgage?
Is a p45 needed when applying for mortgage? I haven’t worked in a fulltime job for a few years now, and I’ve definitely lost my p45. How can I solve this?
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Second home, 10% deposit
Has anyone had any luck getting a mortgage on a second home with a 10% deposit? I have seen a mortgage broker and will find out if successful in in few days as he is just checking it is available before sending the paperwork but I'm stressing whilst waiting.
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Mortgage
I am relocating for work and mortgage free at the minute. The house I have seen is £30,000 over what I have. I am currently on a military pension (£10,512 per year) and have no pay-slips obviously as I start work next month. I did an online application and the best I have found is £9000 mortgage which obviously is not even…
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Should I overpay mortgage or save in stocks and shares ISA?
I am buying my first house and about to take out a £450K mortgage over 30 years, fixed at 1.04% for five years. I expect at the end of the month to have £1500 leftover after all other expenses, my plan is to put £500/month into premium bonds to build savings for emergencies. What is the best option for the remaining…
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LISA VS Help to Buy ISA
Hi all, Apologies if the below is a silly question I am still new around here :) . Essentially we are in a situation where I have a mortgage in my name and my partner has never purchased a property before. We are due to be married next year. Currently I am the sole contributor to the mortgage and we will be looking to move…
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To fix or not to fix?
Hi All, I am currently going through the joyous process of re-fixing my mortgage rate. I am trying to work out if I should go with a 2 or 5 year fix. I am tempted to opt for a 5 year fix as it feels like interest rates cannot get any lower but I am looking to move to a larger property within the next 18-24 months. I have…
