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Does car insurance/fuel affect mortgage max borrowing on final application
Hi looking at applying for a mortgage soon but worried about declaring expenditure relating to my car. Was initially getting £160,000 on HSBC when excluding car insurance/fuel/tax in the 'Optional' travel expense box. When filling in with inclusive of these outgoings, it dropped to £70000... Car is owned outright but…
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Joint Purchasing a Second Property when I have existing Solo Property with HTB Loan?
Hi there, I bought a flat myself as a sole applicant last year under Help to Buy Equity Loan - I have not paid the loan back yet but my repayments are very affordable. My partner and I are looking potentially in the next 2-3 years to move outside of London and purchase a home together. I understand I cannot rent out my HTB…
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Overpaying a Lloyds mortgage
Hi all, I’m sure this is a stupid question but have to ask anyway. so, I’ve been talking with a mortgage adviser from Lloyds today. They have informed me that if I make any overpayments to my new mortgage that the term will not reduce and you can’t select it to reduce it (like you can with Nationwide). The question is, if…
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Lenders not wanting to lend
I am going for a mortgage app in a few weeks however I have been told that a lot of lenders are being very picky or looking for reasons not to lend. Is this the case or should I pay no heed?
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Barclays lending criteria warning
This is a tip to potentially save wasting time with application with lenders, Barclays in particular, by checking their lending criteria upfront. According to feedback received from Barclays mortgage advisor, they use an independent surveyor to indicate suitability of property to lend on. Having wasted several weeks of…
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Mortgage after exchange (weird one)
Hi all, after mortgage approval and now at exchange it appears a new credit entry from PayPal credit has appeared with historical data showing missed payments I'm 2019, 2020,2021 are showing. This was not there when mortgage was applied for in May this year. Could this cause issues days away from completion if a check is…
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Help understanding how much is left to pay on my mortgage please - Nationwide
I recently re-mortgaged with Nationwide and am struggling to understand the online account screens, and therefore how much total capital remains to be paid off. I have made a couple of overpayments in excess of £500 and received a letter each time confirming by how much these had reduced the mortgage term. However, I also…
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Overpaying sub accounts
Hi, I have 3 sub accounts and allowed to over pay by 20% per year. 1) 43,300 left allowance overpayment until Dec £6,500 2) 10,300 left allowance overpayment until Dec £1,700 3) 1,882 left allowance overpayment until Dec £184.00 they all have the same interest rate 5.41% fixed ends March 2026. I am overpaying £500+ extra…
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Mortgages and CCJs - Advice needed please
Good morning, We are remortgaging our property and as we have started this with a broker we were rejected by two banks. We always thought we had good credit scores so this came as quite a shock, and then when we used Experian to see our credit history there is a County Court Judgement against my husband. It appears that…
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First time buyer questions-underwriting
Hi, So i am in the process of buying my first home and we are currently waiting on underwriting (halifax) what is the usual time scale and order that things are done? So far we are nearing 2 weeks since full submission the bank had a valuer at the property yesterday and today they have performed a second full credit check…
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Remortgage for 2 yrs or an 18 month loan
One 1 of 2 of my mortgages expires in Aug24 with 18 months on it. Nationwide will offer me a 2 year fixed rate, or I could let it fall onto the 7.99% standard rate. Come August, there will be £10.5 left on it.I'm considering moving the remainder onto a loan which have rates of 5.9-6.2%.Does anyone have any advice and once…
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Remortgaging shared ownership
Hi all, My mortgage is coming up for renewal in July, up to now I have kept with the same lender by product transfer, so no credit checks. My house value has gone from £169000 to about £240000 maybe more (zoopla estimate) since moving here and i have 40% shared, my finances have changed since the initial mortgage, I…
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Semi retirement and my mortgage
Hello - first post here so I hope you bear with me. i am able to take my pension aged 55 in June, and return to work contributing to another pension scheme on reduced hours. The new pay combined with my monthly pension will be roughly the same as my current income. I have a Help to Buy loan which I intend to pay off in…
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Residential into BTL and viceversa
Hiya lovelies! Trying to do the above (converting our current residence into BTL and move ourselves into what is now a BTL) and thought that it would be a somewhat straightforward process but it’s proving otherwise…😓. Current broker is L&C and we had just the residential application rejected. Excellent credit scores, loan…
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Repossesion
I had a home repossessed in the recesssion of 2009 . I have now £190000 to put down on a home . I have no defaults or ccjs standard credit history will I still struggle to find a mortgage? Looking at borrowing £110000
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taking ex off the mortgage , i have an issue with the solicitor, help needed
hi everyone, bit of background on my situation , bought a house with my ex 2 years ago , we split and she moved out 9 months later, we agreed on how much i was to give her and everything going fine, had my mortgage offer from the bank to put in my soul name around June 2023. i then got a local solicitor to do the paper…
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ERC refund - minimum time between transactions
Hoping someone can help my tired brain. I can see online that Halifax will refund an ERC if you take out a new mortgage with them within 3 months of paying off your previous mortgage. What is the minimum timeframe to complete on the new place for them to deem it non-simultaneous and therefore allow the refund? Thanks!
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Mortgage shortfall
Help just received letter from hessonite mortgage saying I owe £14000on house repossed 11.5 years ago is there anything I can do
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Mortgage on a static caravan?
A friend lives in a rental property and wants to buy and live in a static caravan on a proper residential site. Do lenders do mortgages for this?
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Stamp duty when buying in to partner's property
I'm struggling to find good resources online to self-educate ahead of speaking to a solicitor. Does anyone have insight on the below, or anything related that is worth knowing? Thanks! As far as I understand when buying into a partner's property you must pay stamp duty (or Land and Buildings Transaction Tax (LBTT) as in…
