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Bluestone Mortgages not reporting on Credit File
So having jumped through the many hoops to get a mortgage with Bluestone, we completed back in March so nearly 6 months in. So far they have not reported the mortgage on any of my credit files. I had thought with Covid there may be a delay but 6 months in I thought they would have started. Has anyone checked to see if…
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Mortgage interest
Hi there, a bit of help please. Bear with me as I havnt got a clue. Im a first time buyer but need a bit of help understanding how mortgages work. Hypothetically, if the house I’m looking to buy is £190,000. I get a mortgage roughly paying £750 a month for 30 years, so the total paying back including interest is £270,000.…
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Income for mortgage
Hi everyone, We are hoping to do some home improvements in the near future and will be remortgaging our house. We receive monthly income from renting out a portion of our home under Rent a Room Relief. Would the banks use this as income in additional to our salaries? The reason I'm asking in because when we file Self…
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Change mortgage product after exchange
Quick question - is it possible to change mortgage product (same lender) after exchange but before completion? I applied via a broker so have asked them and waiting to hear back. But grateful to hear forum thoughts, even if just to manage my expectations!
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Mortgage with employment gaps
Hi I am wanting to apply for a mortgage in the next few years. I am 33 years old. I don’t know if there’s an age limit on mortgage applications?! I currently have been unemployed for the last 18 months. I hope to get a job very soon. It’s a tough market out there now. Before the last 18 months my employment record was…
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Help to Buy ISA and Inherited Property
A few years ago, just before they got rid of them, I opened a Help to Buy ISA on the back of Martin’s advice. I didn’t necessarily look for the best deal, just opened it with the bank I have my Current Account with (for ease, plus any HtB is better than none I guess). anyway, my grandmother has recently passed and I have…
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Effect of hard search on credit file.
I am hoping someone can help me. We are looking at obtaining a mortgage and have a M.I.P from my bank, we approached a mortgage advisor who has taken us so far however has advised we hold for six months due to the following Credit Card Default - applied Jan 17 due to drop off credit report Jan 23. Loan Default - applied…
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Mortgage situation with wife
My wife currently has a mortgage which she had prior to us marrying, we currently live in this house. We’d like to move soon and I’ve suggested we try and keep the existing property to rent out as a longer term investment. For the new property I’m suggesting we buy something that is run down, live in the current property…
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Natwest Valuation - Questioned the Outcome.
Hello. We had a valuation done on a property we are trying to get a mortgage for. It’s a bungalow. The valuer has come back and said they value it at £0 until a roof contractor comes and inspects the flat roof and repairs or replacements are completed then they will value it at the asking price of £310,000. The flat roof…
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High deposit, low income on paper, but can pay double as much. Can guarantor mortgages plug the gap?
Hi all, I'm only starting my mortgage journey, so I am still in the "research" phase. I work for the police, and earn £27030 basic, and about another £5k extra (in overtime + mileage + unsocial hours allowance). My average take home pay (after all deductions) for the last 12 months is ~£2160. My pay always increases in…
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Barclays Downvaluation
hello Applied for Barclays Mortgage on 4th Aug with Broker. Valuation took place on 17th and then 8 days later Countrywide sent bank report with zero as the value and asked for CML which we gave but however for some reason they valued it 50k lower then asking price and it does not match similar properties sold in the last…
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Consolidating Mortgage and 2nd charge (loan)
Hi Looking for Help. I have a mortgage with TSB (Amount left £33000 approx) and a 2nd charge with Equifinance (£60000 left) and a property valued at £140,000. I went to L&C for advice and they cannot find me a company that will consolidate the 2 into 1 more affordable mortgage due to the 2nd charge. Quote( After speaking…
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Barclays Mortgage App - requirement to open a Barclays current account or savings account?
I've recently agreed a fixed rate mortgage with Barclays and would prefer to monitor the mortgage via an or to discuss the mortgage with them via the chat function in the website than having to call them each time. However, I've been told that in order to view my mortgage via the app I need to have a current or savings…
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Nationwide desktop valuation vs in person
I submitted my application on the 27th, checked the progress this morning and it said valuation instructed and valuation report requested. I got a text this afternoon saying the valuation has been booked for tomorrow. I know this is a good thing in general that it's so quick but now I'm concerned. Does it being arranged so…
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Buying a house with my girlfriend
I am buying a house with my girlfriend. She will put a massive deposit down and will be paying nothing towards the mortgage. I will be putting no deposit down and paying toward the mortgage every month. In the end she will have still paid 75% of the value. How do we make this fair in the event of a break up? I want to make…
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Gift deposit evidence and GDPR rules
We are applying for a mortgage, FTB with Nationwide. We are submitting with a gifted deposit and they have asked for proof of funds from the donors via bank statements - all good. Except - the donor is a psychotherapist and has client details on the bank statement. He's blurred these out as GDPR dictates that he cannot…
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Mortgage life insurance?
Hello, we have paid off our mortgage, but we still have life insurance that we took out at the beginning of the mortgage, this is ongoing until 2026, when we should have finished paying, but have paid it off early. Do we still need to keep paying this life insurance, or can we claim any back? It was for critical illness…
