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Self Employed Application with Underwriters
Am I missing something? My broker applied for a mortgage on my behalf, with Barclays on 22 July. As expected it went to the underwriters a couple days later and it has been stuck there ever since, with delays, requests for further info... today my broker decided - enough! And proposed that I apply to Halifax as she has…
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Kent Relince
Hi all, has anyone had a mortgage go through with Kent relince recently ? And how long dose it normally take. We submitted our full application on Tuesday and was advised by our MB that it’s a 3 days turn around for the underwriting but nothing about the house valuation yet ? Is this normal. Just a nervous first time…
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Nationwide mortgage overpayments
Hello, If I overpay on my mortgage with nationwide, the limit before any charges is just under £11k per year. Do I have to provide source of funds for the over payments eg bank statements, ISA statements? Is it something I need to get a solicitor involved in to make the payment? Thanks,
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End of Natwest fixed term.
Hi. When my Natwest 2 year fixed term ends in a few months I wish to move to the standard mortgage so I can overpay without restrictions. After I'd like to return to another fixed term. My question is . Will the new fixed term offer be the same , as the one offered before I temporarily move to the standard ? House is…
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Mortgage renewal - options?
Our mortgage deal ends at end of October. We're both self employed and getting a mortgage in the first place was :# It took some nifty accounting, which itself was costly, took ages and was a real stress. We're with Natwest and tempted to stay with them, unless someone else has a much better deal. We are obviously awaiting…
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Mortgage appliation and credit cards
Hi All, I'm planning to move house early next year, so i'll be looking for a new mortgage. My finances/credit score are in good order and i'll have a ~50+% deposit. I have the following 2 credit cards: Card A: 3 years old, £7300 limit, £0 balance.Card B: 1 year old, £5750 limit, £1550 balance that i will be paying down to…
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Mortgage application - credit records
Can anyone please tell me whether my credit history will be revealed to my spouse as part of the application? There are things on there I would like to keep private if possible (no lectures pls). We are applying through a broker. TIA.
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Mortgage declined by Barclays for a vague reason
Hi, We got a letter from barclays saying that our mortgage offer is declined by audit/risk team due to 'commercial risk'. They have done a physical valuation survey and approved the valuation. Credit score is excellent/good on all credit agency platforms (experian, equifax, transunion). Both applicants' affordability is…
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Bank Statement Requirements for Mortgage Application
Hello, I am in the middle of the process of a house purchase and I am providing proof of source of funds to my broker. My parents contribute to part of the deposit and one of the accounts involved in the trail of funds is a passbook saving account (I know it's not common in the UK but it's still used in where I come from).…
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going on mortgage with gf need advise
Type your messageHello there me and my partner are looking to go in on a mortgage together on a house she already has a mortgage on and need advise of how we can do things fairly , I met my partner 2 years ago and a few months later after the sale of her old house with her ex ,she purchased a property and asked me to move…
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First time mortgage - 'adverse credit', advice needed!
Hi, I am looking to buy a place in January, I'll have around a 10% deposit. However, I have two defaults - 1 expiring in March 2025, and the other end of June. Stupidly, they were payday loans - and I haven't cleared them as I have been in the process of unfair lending claims etc, and they contain obscene interest amounts…
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Mortgage SVR higher than personal loan rate
Maybe I'm just behind the times, but is it normal that the SVR on mortgages would be higher than the unsecured personal loan rate for the same provider? Example Nationwide - they just sent me a marketing email offering me a personal loan at 6.1%, but their current Mortgage SMR is 7.74% - seems a bit strange that you pay a…
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Mortgage offer declined
Has anyone been in a situation where the property they were buying the owners had built on land that turned out not to be their’s to build on in the first place? They’ve tried contacting owners but heard nothing back so indemnity insurance isn’t an option so have asked their lender (Natwest) if they will still lend if once…
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Mortgage declined travel
Hello I have been declined for my full mortgage offer due to “travel expenses” the past 3 months. This was with hsbc. I have been on holiday 3x so can only think maybe it was taxis to the airport? I am definitely not over the average of spending on travel. I also don’t know exactly what they mean such as petrol/insurance…
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Mortgage query? Two part mortgage - pay off one in full?
Hello, I am hoping someone can reassure me that I am making the right choice. We are very fortunate in that we are about to inherit approx 80k. We have two mortgages on one property. Part 1 is £123,209.56 at 1.59% interest until April 2025 with 20 years and 8 months remaining 5% early repayment charge and allowed to…
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Mortgages for the retired
My wife and I are looking to purchase our final and forever home. We are both recently retired with a guaranteed income from state and private pensions (index-linked)of £55,000. We have an interest only mortgage at present of £68,000 and the t equity in our current home is £200,000. Our plan was to purchase the property,…
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Expiring Mortgage Offer - Risky Re-Valuation - Please Help!
Hi there - sorry in advance for the length, it's a bit complex -- I've been buying a house with a single-skin brick extension housing the whole kitchen; the extension is the reason a lot of valuers will not recommend for lending. Some lenders such as Accord (who I had an offer in hand for another property from, received…
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Borrow from mortgage overpayment or liquidate ISA?
Hi - thanks in advance. I have a car and the finance is ending soon. I’d like to keep it and the final payment is £10,500 due 21/10/2024. Currently I repay £230 a month. Personal loans are looking at 6.1% for me. All will be £1000+ in interest. I thought of borrowing from my mortgage overpayment reserve. I have a mortgage…
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Moving into partners house
Hi, My boyfriend and I have been together for a year and a half now and are ready to move in together. I have absolutely no idea about mortgages or properties or anything like that as I've always privately rented. I need to know if the information my boyfriend is giving me is correct. My boyfriend wants us to go 50/50 on…
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Electoral roll - check my file
According to check my file. The three credit ref agencies have different dates of electoral roll registration for my current address (Rented accommodation) I didn't update electoral roll straight away. I didn't register to vote here until this year's general election.. Equifax - registered from 2023. Added to rolling…
