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Nationwide mortgage
Hi I have seen recently on a number of posts that Nationwide haven't asked for supporting documents with applications. Does anyone know the reason for this and is there criteria for this? Preparing for reapplication due to current offer expiring and wondering if need to prepare supporting evidence such as payslips, bank…
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Declined by nationwide?
My partner and I have used a mortgage broker to apply for a mortgage, we had a decision in principle given to us by nationwide which covered the value of the property. We are first time buyers and have made an offer of 343,500 on a house with a 95% LTV ratio which means we are giving a £17,175 deposit. Our Experian credit…
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Mortgage Special Rates
Hi all, Just had my mortgage statement through and to be honest, im frustrated! I had a fixed deal term with Virgin thats coming to an end. Im paying around £900 a month but for the fixed period, the actual amount that is coming off my mortgage amount is only around £400, that means that £500 is going to interest costs??…
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re-mortgaging soon, never paid HTB what are the best options?
Hi, we are coming up to having our mortgage for 10 years. We were very late realising that paying the HTB straight away was the cheaper option, by which time, when we re-mortgaged at 5 years, we decided to just carry on paying the interest and it kinda got forgotten about. Now that we are going to be re-mortaging again…
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Remortgage deals - Fee or No Fee
my current fixed rate deal comes to an end in April. I want to stay with my current Lender Birmingham Midshires, I have ask a broker to compare rates, however I don't feel fully informed about the rates and fees. Choices as I see are… 2 yrs fixed @ 3.07% with 3% fee (Payments £342 pm) 5 yrs fixed @ 3.86% with 3% fee…
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Difficulties switching to interest only morgage after income reduction
We took mortgage out in 2021 as a Contractor mortgage. After the pandemic the contactor market took a hit and it was difficult to land contracts, and in particular the industry I am in has seen a significant decline. As such, over the past 4 years I have landed and lost 3 contracts through no fault of my own. Each time I…
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Mortgage application & existing debt
Hi everyone just after some advice and guidance. So I’ve been in debt since about 2021… I have a long history of loans often used to consolidate each other and other pockets of debt we managed to get during this period . (9 loans in the last 6 years) all of these were paid on time with no missed payments and my credit…
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Which mortgage broker?
Hi I have recently sold a flat and am temporarily renting whilst searching for a new property. This is taking some time - I had an offer on a ground floor leasehold flat but turned out it had no EWS1 and the broker (L&C) said I was turned down on that basis. However I am 58 and so can only borrow for max of 17 years. I…
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Mortgage offer but have since changed address - process
Applied and accepted for a mortgage with nationwide in July however the house sale fell through and we are now considering a new property. The new property is less which would reduce amount borrowed by £50000. The current mortgage is due to expire end of February so my question was can this mortgage offer be moved to the…
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Avoiding broker fee
Broker has arranged a DIP from a lender, the fee they've quoted is only payable once I'm in receipt of a firm offer. Other than annoying the broker, are there any pitfalls to approaching the lender direct? I would potentially be saving £500.
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TML mortgage advice please!
My husband has 5 defaults Mmostly 3 years ago 1 might be 2 years ago, he is using CIS slips but only shows on there the 20% tax no NI, he cannot use tax returns will The Mortgage Lender accept this? I also had 3 universal credit payments recently (1 a month) as my dad passed away my husband rented elsewhere and my mum…
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Remortgage with additional borrowing & Mat Leave
Hi all, Hoping for some advice as there is every chance I'm overthinking, or missing something obvious. Our 2 year fix is coming to an end in April, initial plan was to just take a new rate with our current provider as they were reasonably competitive and my wife will be on maternity leave from April so saves us the stress…
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Consolidating Mortgages
Hello. We currently have a BTL and a Holiday Let property, both with mortgages. I've worked out that if I were to shift the Holiday Let borrowing into the BTL I would save £300 a month. BTL mortgage is £150k. House value is £500k. Rental income is £1850 per month. We've had the mortgage for 7 years. Lender is Santander…
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Barclays mortgage renewal with arrears
Hello :) *Just to preface - I have autism and sometimes struggle with auditory processing which Barclays are aware of - I've tried to include as much relevant info as possible below* I am just looking for some advice/guidance please. I am nearing the end of a 5 year fixed mortgage with Barclays at 2.27% which is due on…
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Planning on buying a house with my girlfriend (50/50)
Hi all, My girlfriend and I are planning to buy our first house together this year; my half will be cash (from the sale of my own house); my girlfriend's half will be a mortgage. My Girlfriend has a good job with a good salary, so there shouldn't be any "affordability" issues; the main thing she's concerned about is…
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Mortgage for 19 Year Old
My daughter is looking for a mortgage on a home. The LTV is 37.5%. The mortgage is roughly 2x her income. She has 3 people who can act as guarantors. The home does not need any work doing on it and it is good repair. Please can anyone direct me towards a broker or provider who deals in these sort of mortgages. Thank you in…
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First Time Buyer - First Direct
Hi Has anyone as a first time buyer used First Direct for their mortgage and if so how smooth and timely was the process?
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Mortgage Offer Extensions
So buying our first home has been the most stressful experience... and continues to be. (I know people always say it is, but it really shouldn't be this stressful). Anyway... we're having to put in an application for a mortgage offer extension as the new build the current occupier of the home we are buying has been…
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Mortgage provider requesting damp and timber survey
I am a FTB with my partner, buying in the south east. We found a 1930s property with tons of potential, it's a probate (granted) property which the owners want to sell asap. Ended up with an accepted offer 35k less than asking price (after already being reduced by 35k). The property needs modernisation and some work…
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Mortgage application
Hello, put an offer on a house a few months back and my partner and I were approved for mortgage with 6 month offer. The house sale fell through and we currently only have 7 weeks left on the current mortgage offer. At time of first application I had been utilising my overdraft facility which would have been seen in the…
