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About to apply for mortgage but credit card debt
Hi Both FTB with combined salary of 100k. We have a DIP above the value of the property we are looking to purchase. I have around 10k of credit card debt (near limit) and 10k loan. My partner has 10k loan also. What are the chances of being asked to pay down the credit card before a mortgage approval? Given we already have…
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Mortgage offer slow ( more documents information)
New to this. looking to see if anyone has been in a similar situation and any advice. we are at our wits end. We are using a mortgage broker. We had an agreement in principle. Went full application. Got an offer which is £10,000 below what we asked for. We are putting down a very large deposit. They then asked for more…
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Timings of the remortgage
Hello. I was wondering if anyone who recently remortgaged/switched products or mortgage advisers can share their wisdom? I wouldn't want to miss on the best possible deal if I start too late, especially when rates change almost monthly. My current mortgage deal with Nationwide ends 31st October and it was 5yrs fixed at…
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Gifted Deposit
Looking for advice on a Gifted deposit please. We will be gifted around £8k of our deposit from a family member. The family member will be getting a loan for this, but is willing to gift us the money without any need for us to repay and will sign a letter confirming this. Looking to find out if this would be ok with the…
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Source of Wealth Query
My mortgage has offered! Then comes an issue with the conveyancer regarding my deposit. The conveyancer is querying the source of funds which is not the problem for me but I do not know what else to provide as an evidence and it's really getting frustrating. I was initially requested to provide last 6 months' statements.…
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Nationwide mortgage woes
Got a dip from nationwide used there advice service which went to “dip subjective accept” on there tracker. again through there advisor we did the full application and submitted all required documents which were again accepted on the tracker. valuation was then booked but the day before valuation we had a “dip decline”…
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Self-employed mortgage - FTB - better to pay more tax and have higher average income?
I'm about to apply for a FTB mortgage as a self-employed sole-trader (joint app with my employed partner). My taxable income for latest tax year means I can avoid going over the £49,999k threshold. However, averaging with the previous year (with lower earnings) takes me much lower, meaning we risk not getting the mortgage…
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Please ignore this thread
Ignore this thread
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Inheritance of jointly owned property after death of non-married joint owner
Who owns jointly owned property after death of non-married joint owner? No will.
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Mortgage switch
Hello, Hoping for a bit of advice and guidance (also a little bit of your predictions!). I currently have two mortgages on the property I live in. The larger part of the mortgage is at 1.59% fixed until 2025. The other part of the mortgage is less than £100,000 but is on a lifetime tracker at the base rate + 0.75% (so…
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Help with mortgage budget
I was wondering if anyone would be able to explain the mortgage process. Me and my partner bought our first house and are looking at selling to buy another house. I am trying to figure out our budget for the next house. We have around £210,000 left on our mortgage. Our house has been valued at £400,000. So does that mean…
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Santander Mortgages
Hi all Decided to remortgage without the use of a broker for the 1st time. Got AIP and subsequent full application on 30th March, 31st March Valuation requested (they did say it could be in person or it may not), only asked for 1 payslip (they are our current account providers) and then queried a AFC absence on a payslip…
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A couple of remortgage conveyancing questions
I am remortgaging to Santander. My offer has been approved and Enact has started the conveyancing process. Is there a rough timescale I should expect for the funds to be released (I am borrowing additional funds). My current mortgage is with Natwest and it is a freehold house. I will need to pay an ERC of around 5k to…
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Chain hoping to complete 20th April - Solicitors driving us mad!
So while we paid above market rate for solicitors that we know well and know to be good - unfortunately the same does not apply for all those in our chain. We have not yet exchanged but the aim is to do that on the 13th (one week before exchange). However, there are two bank holidays between 13th and 20th - Will most…
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Santander enact
Hi, I sent a full application for a Santander remortgage last Friday. I haven’t heard anything back until today when I received an email from Santander with a link to register with Enact. Does that mean I have been accepted for the remortgage or is that just part of the process regardless? Thanks for any advice.
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Gas and Electricity - Monthly DD versus quarterly bills
Hi all, apologies if this has been asked before but I couldn't find anything when I searched! I have always paid my gas and electricity by monthly DD but someone told me that it was cheaper to pay quarterly (obviously making sure you put money to one side each month). Does any one have any experience of this? Also, sorry…
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Advice needed please
Hello, I'm hoping someone can help me. A very long traumatic story short, my husband and I lived with my in-laws in their house & I cared for both of them for approx 10yrs. When they both passed away 3yrs ago they left the house to my brother-in-law (also lives in house) and my husband. My husband passed away last year and…
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Pay off partners debts before mortgage application?
I am hoping somebody can offer some advise. I am currently looking to buy a house with my partner. I don't own a house and have a cash deposit with no debts. She does own a house and around 10k of loans/credit cards, but enough equity in her current house to pay off this debt and have a deposit for our house. We are…
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How quickly can the solicitor receive funds ?
The last of my enquiries were answered last night and my solicitor has written to his solicitor via email to say we’d like to complete on the 11th i.e. Monday. Realistically I’m just hoping to be in before Easter. The property is vacant, the landlord lives in Switzerland there’s no hold-ups on that part, this is entirely…
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Do I have to give my boyfriend equal share in buy out
Hi guys I hope you can give me some advice. I purchased my first home with my partner of 14years, in December2020. We broke up last October 2021 and he moved to his parents. He has not contributed to mortgage or bills ect since moving out. We purchased house for £115’000 with 15% deposit house is now worth £120’000…
