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Bank statements
Sorry if this is a daft question, I want to get prepared for when I apply for a mortgage. Do the bank statements need to be paper ones that the bank sends me in the post, or can I print the pdf statements, or will I just have to upload them somewhere? I have 9 current accounts, will they want statements for all of them or…
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Some adverse credit - exploring options
Hi All, My financial situation was always poor, but has improved over the last year. I have saved nough up for a decent deposit. But still have some adverse on file. CCJ: May 2018 - £900 - Drops off in a few months. Default Mar 2018 - £2000 - Drops off in a few months. Default Aug 2020 - £2000 satisfied Jan 23. No missed…
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MSE News: Nationwide and Santander reduce product transfer early lock-in windows
If you're a Nationwide or Santander mortgage borrower you can now only lock in a new rate up to four months ahead of your current deal ending – down from six months. It means you've less time to insure yourself against rates rising before your existing mortgage comes to an end. Read the full story: 'Nationwide or Santander…
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Paying Lump Sum off new Mortgage
Hello all - My partner and I are in the process of buying our first house together. We both currently own our own homes and are planning on selling both to fund the new purchase together. Instead of attempting to sell 2 houses at the same time (which sounds terrifying) - we were considering selling one of the houses,…
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Help to buy
Can anyone tell me when the help to buy scheme was about was it “ affordable housing?”
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Mortgage, 2 titles, potential AirBnB/let
Hello, I would be grateful for some advice. We have seen a house we like and it has an attached annex (separate kitchen and bathroom). The house is being marketed as a single property but it has two title numbers. The agent has said that the value of the annex is about 21% of the value of the main house (in case that is…
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How to renew fixed rate mortgage ?
Hi guys My friends fixed rate mortgage with natwest is coming to an end this month... Current rate is 3.58% What's the best move now ? What rates should we settle with? Do we have to get the remortage with natwest before the current deal ends ? Or is there any cost if we go over or not? If we change providers, would it…
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Help to Buy not answering phone
https://www.gov.uk/government/collections/manage-your-help-to-buy-equity-loan The Help to Buy phone line is not being answered and cuts out after 1 hr. I and others have been trying for hours, days. This is causing many people emotional and financial distress with valuations expiring etc. I’m going to email now, but it’s…
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Would me being a guarantor effect remortgage approval?
Hello, I have hit a dilemma as currently have low cash flow at the moment as I am transitioning my financial situation. I am in the process of remortgaging a BTL property, all was going great, I passed the underwriting stage and all that was left was the property valuation. The same tenant has been living there for the…
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Moving to property owned outright and changing mortgage to that property
I have to move for work purposes and am moving to a property I own outright. However, the property I currently live in has a mortgage on it - how easy is it to move the mortgage onto the property I own outright?
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Nationwide Mortgage - Switch to interest only
Hi,Looking for some financial guidance please! I am currently on a tracker mortgage with Nationwide (No ERC). I am weighing it all up and could do with 6 months breathing space at the moment, So do you think I would be able to switch to a 2 year fixed and then request 6 months interest only? According to my calcs, the…
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Mortgage affordability
Hi there, We are looking to upsize our house as our circumstances have changed, we have two disabled children who can't attend school so now home educated and we need more space! We are currently in a 2 year fix at 4.99% with our local credit union, we owe £76k on our mortgage but would like to borrow an extra £150k. Our…
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Accepting A Mortgage Offer
I'm just looking to put my mind at rest over the weekend. We applied for a mortage via a major online broker and subsequently received an offer last month from Virgin Money, which is valid until 03/12/2024, this got sent over to our solicitor the same day. Fast forward to now and we've actually exchange on a home yesterday…
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Use of credit card after mortgage application?
Me and my husband have submitted a mortgage application. We have ended up having to make a payment of £1300 on his credit card since the application was submitted. The credit card has a limit of £6000 with £3000 having now been used. We queried this with our mortgage advisor who said that as we are using equity from the…
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Natwest - deals eligibility?
We are coming to the end of our 5 year fix with Natwest. I've had a look at the deals we can switch to through their online "Manage your Mortgage" portal and then put the same numbers into the MSE mortgage comparison tool. As you've probably already guessed, there are lower Natwest rates available in the MSE comparison…
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Declined twice with no reasons given!!
Hi all I'm looking for some advice and maybe an understanding of what I can do next so i will try and give you as much information as possible I am a first time owner looking to purchase my first house. I have now applied for 2 different mortgages through 2 different mortgage advisors. I have recently changed jobs in…
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Remortgaging with credit card debt
Hi all, newbie here! We are in the end stages of remortgaging and releasing some funds. We have about 8k worth or credit card debt, which the lender has said needs paying off (however not before completion). So in theory, we get the funds before we have to clear any debt. We asked solicitors what proof we need to provide…
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Nationwide Mortgages
Hello I’m a newbie here. Please don’t shout at me if this topic has been covered a billion times. Myself and my wife have applied for a mortgage via a broker on the 21st May. We had a text message to confirm receipt of the application and a hard search was done via Equifax and Transunion. We received a text the same day to…
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Mortgage with defaults
A well trodden topic I know - but here goes! Wondering on our chances of approval of a mortgage with a High Street lender and therefore a decent rate. Joint application with my wife who has very good credit history/score. I however have 3 defaults, over 5 years old (so dropping off my credit file in around 10 months) all…
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Poor credit and first mortgage advice
Hi I’m after some and advice and I’m hopeful you can share some of your wisdom. i haven’t got the best credit score current Experian is showing me as 650, this is due to having 6 defaults logged against me in 2020 along with two CCJs. As my financial situation is much better now thanks to a household income of around 90k…
