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Halifax Max Loan at 90%
Hi all Quick question on max loan from Halifax at 90%. As context we’re looking to move house, port our existing Halifax mortgage and increase the overall mortgage. Halifax product guide says the max loan at 90% is 750k, however affordability calculator keyed at 90% gives max loan of 918k - which is correct? Many thanks
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How hard is it to get a mortgage with Virgin Money
Hi everyone, I am just looking for some advice as I have recently submitted a mortgage application to Virgin Money as a first time buyer (with my girlfriend who is also a first time buyer). Both of our credit scores are excellent along with every other criteria I can see. The only thing that may be an issue is I have…
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Mortgage declined - debt to income ratio too high even with guarantor
Could someone help me understand guarantor mortgages? I am applying for a £50k mortgage. I have a large (85%) deposit and a guarantor. I am being declined due to high debt to income ratio. Presumably lenders think I might not be able to pay my mortgage because of other debt repayments? But isn't that what the guarantor is…
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Mortgage query re a possible second home
I am seeking some mortgage type advise please. Long story short, my partner has been renting a small property for 5 years. The landlord now wants to sell. It needs a lot of work done to it.It could be a good investment for me/us, if we could negotiate a good price.I have a very small, fixed rate, mortgage on my current…
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Council Home buy, No deposit but deadline!
Fellow Forumites, Good afternoon, I need your advise. Got to know just last week that the massive discount given to Council tenants will go later this month. The initial plan is to save and buy next year ending but the recent change on the part of the government came too sudden. Can someone help if there is STILL lenders…
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Mortgage rates to hit 6.25%
I seen this in tomorrow’s Telegraph. Was talk of lower rates but seems they may rise. Any thoughts on this? Seems quite high property here is taking ages to sell I wonder if this will be a mini budget rerun when the rates keep rising? I decided against taking out a larger mortgage for a new house this summer due to the…
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FTB - Mortgage application with Natwest
Hi all, My partner and I are First Time Buyers and have already had our offer accepted on a property we liked. We have 10% deposit and looking for a mortgage. Our situation- 1) Job status We both work at Universities (Graduate level research roles) and we only get Fixed Term Contracts. Our current contract started in…
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Change in Mortgage for Retired Person
I currently have joint mortgage with my son. after marriage, he has decided to live by himself and be detach from the mortgage. At the same time, I have commenced retirement by taking a package. My current low mortgage rate (until June 2026) is something I wish to retain. The current provider is hesitating to provide me…
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Single mortgage when already have a joint mortgage
I have a joint mortgage with my husband. I am considering buying a property in just my name as well. Would that count as a second home? I am also considering renting out one of the rooms. Would that affect the type of mortgage I could get? The house would be in a different part of the country and I would plan to split my…
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Any Recent Leeds Building Society applicants?
We have just put our application through and wanted to know if anyone else had any experience with them?
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95% deposit but cannot get mortgage
I think I have exhausted all possible options but if anyone has advice on securing a mortgage for just 5% of the property value, please put me out of my misery! Situation as follows Property = £400k Deposit (primarily gift from relative) = £380k Partner and I run a business which makes very minimal profit of £5k pa. Both…
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Mortgage with Default
We are looking to upsize from a 3-bedroom to a 4-bedroom home. My husband earns £75k and has a £12k personal loan and £6k PCP finance, along with one satisfied default of £8k from two years ago it is satisfied, otherwise excellent credit history. I earn £37k with no adverse credit history but have £30k in debt, which will…
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Is this a mis-sold mortgage?
This discussion was created from comments split from: Was I miss-sold when taking out mortgage?.
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Mortgage with default on PDL
Hi I had some money issues 6 years ago which results in a cycle of pay day loans a few of those with defaults. I paid all my debts off 5 years ago. I now earn £65k a year, have had no missed payments in 5 years now. Am I likely to be accepted a mortgage ? I have a mortgage in principle with Halifax and 10% deposit. Unsure…
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Mortgage term ended in 2017 - help!!
My parents got an interest only mortgage back in 2004 with Northern Rock which was then sold to Heliodor mortgages with a ridiculous interest rate. The mortgage term ended in around 2019. Due to job loss and terrible financial advice, my parents have not paid the mortgage for a number of years now and the arrears are in…
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Nationwide FTB mortgage chance of offer? With gift money from Asia
Not sure what exactly I am looking for from this but it feels daunting. Anyone who has had similar experience and can share experience would be really helpful. I'm first-time buyer and about 40k gift in my deposit comes from my parent in China. Application submitted in early October. It's been over 1 month. So far I've…
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Confused by info from bank about interest rate and repayments
This discussion was created from comments split from: Mortgage Annual Statement - Interest and Repayment of Mortgage.
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Mortgage porting or a brand new mortgage?
I have just tied in to a new deal in June 2024 for a 5 year fixed rate with Santander at 4.12% paying £574 a month. £83k left on the mortgage. £4.2k early repayment charge. House should sell for £200k. The house we want to buy would be £320k. Our house is currently up for sale and hasn’t sold yet and we haven’t seen one we…
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Mortgage Charter - Interest Only - did it affect a new mortgage offer?
I know mortgage lenders are insisting that if you use the Mortgage Charter, nothing negative is shown on your credit report - I wondered, if in practice, this is true also? Our current mortgage deal expires in about 12 months, I'm concerned that my existing lender will be reluctant to offer me a mortgage deal, or if any…
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Any Recent Leeds Building Society applicants?
Got a DIP on 17th July after a soft credit search from Leeds on the same day. Full application submitted 22nd July Hard credit check done on 24th July 27th July Our Broker contacted us to sign a declaration for the application and request one further bank statement that I must have missed out by accident. Ours is shared…
