-
New job - Will this affect me getting a new mortgage?
Good morning all, I am hoping I can get a little advice here. I have been with my employer for around 16 years, but have the opportunity to get a new job elsewhere for more money. I am currently looking to move house and will need to apply for a new mortgage when I do so. How will moving to a new company effect getting a…
-
No declaration of trust/equity split with ex
Hi, I was wondering if anyone could help with this. I stupidly made a decision to buy a new build property with my now ex almost 2 years ago. We split up and have been living separately for 6 months. It was as nasty a split you could imagine. The initial plan was to sell the property as soon as possible, but with it being…
-
Overpayments
Good Afternoon I’m aware of the ERC but is there any issues with overpaying my mortgage a few pounds at a time. I tend to set a daily budget for spending and any leftover on that day, I sweep across to my mortgage. I’ve maximised my saving accounts with higher interest rates
-
Estate Agent MA/independent broker dilemma
I recently engaged an estate agent who offered mortgage advisor as part of service package. Being a first-time seller, I subsequently spoken with them, shared details and they have sent through an AIP. I communicated about the AIP and % charged to the mortgage broker I have used for a number of years as my Dad advised me…
-
Self employed 11m and want to borrow more
My partner was promoted to director and given 25% shares back in May 2023, hes has been with this company over 8 years and it is well established. We are looking to remortgage and want to borrow more but we are having no luck in finding any lenders willing to take us on, frustratingly i know its because hes only been…
-
Selling house and fixed 1.89% rate mortgage has just ended. Rate is now 7.99%
Current fixed rate of 1.89% has just ended. New rate is now 7.99% and they are urging me to lock in with a new deal. Accepted an offer on the property and waiting for sale to complete but no expected date yet. Do not plan on purchasing a new property right after so unable to port a mortgage on to another property. Any…
-
First Time Buyer - Halifax Application
Good evening, Looking for some advice as I am driving myself mad in the wait for a mortgage approval. I am a first time buyer, I have gone for a mortgage through the Halifax and can see from my online tracker that everything is green up to the Valuation part, does that mean that everything in my application is fine so far…
-
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…
-
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…
-
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…
-
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?
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
