Mortgage broker - ask me anything

kellycable06

My husbands dmp isn’t on his credit file as started 9 years ago but old dd would be seen in bank statements provided.
would they however questions who’s income pays for other dd 

Lauren27

Hi, my OH and I have Lifetime ISAs which don't mature until March. Can we get a DIP based on how much deposit we will have in March or does all the deposit need to be accessible when we do the DIP? If we can get a DIP how early could we start looking at houses/put an offer down? 
Very keen to get out of our current housing situation

BekahLeaDee

Just looking to get a picture of how things are atm. 
Lost our buyer due to her Mortgage being pulled and them wanting 15% instead of 10% just over a month ago. 
Is there anything on the market now? She wasnt a first time buyer if this makes a difference and she was buying our flat. 
Thank you in advance. 

tre20yes

Hi, thank you for this thread, it's already given me loads of information I needed.
I'm looking to buy a flat in a retirement complex. Is it possible to get a mortgage for these types of flats, or is there any other way to borrow to purchase? If there are companies who would offer mortgages, do you know what the usual loan to value would be - is it different to buying just a normal flat?

haras_n0sirrah

Lauren27 said:

Hi, my OH and I have Lifetime ISAs which don't mature until March. Can we get a DIP based on how much deposit we will have in March or does all the deposit need to be accessible when we do the DIP? If we can get a DIP how early could we start looking at houses/put an offer down? 
Very keen to get out of our current housing situation

You would need the full deposit for full mortgage application but not at dip stage

haras_n0sirrah

BekahLeaDee said:

Just looking to get a picture of how things are atm. 
Lost our buyer due to her Mortgage being pulled and them wanting 15% instead of 10% just over a month ago. 
Is there anything on the market now? She wasnt a first time buyer if this makes a difference and she was buying our flat. 
Thank you in advance. 

There is one lender doing 90% on flats.

penino

What are Natwest like with regards to use of PDL’s? Last use was just over 2 years ago so hoping all will be fine now?

johndoe67812

Hi All

I'm doing some research into getting a mortgage as a first time buyer. Just want to get some thoughts on whether I could potentially get a 210-215K mortgage ~90% LTV. Here's my background:

1. In permanent employment with income of 43K
2. have two dependents (2 and 4 year old)
3. Will have deposit of around 25-28K
4. Am debt free

It seems that there is a rule of thumb of not more than 4.5x salary, if this applies could only get around 190K. Does this mean there will be no way for this to be stretched by another 20-25K?

Thanks

Nile_E_Coyote

On natwest online tracker. Does a tick on payslips and bank statements mean they're checked and okay?

We had an update asking for proof of deposit and saying they've instructed the valuation. Ticks beside the rest.

Rach7379

Not sure if this  has already been covered, but we are currently selling a property and are being told that the buyers are waiting on the underwriters and being told it is delayed to 12 - 16 weeks due to covid 19 is this true do you think or do you think we are being given the run around?