Mortgage broker - ask me anything

mowgliisaG

haras_n0sirrah said:

mowgliisaG said:

Or any of the other brokers on here...

I haven't got any self employed going through with santander at the moment but have done 3 post covid with them and all went through eventually

Eventually!! What hurdles did you have to overcome?

haras_n0sirrah

mowgliisaG said:

haras_n0sirrah said:

mowgliisaG said:

Or any of the other brokers on here...

I haven't got any self employed going through with santander at the moment but have done 3 post covid with them and all went through eventually

Eventually!! What hurdles did you have to overcome?

One declined but I got it overturned with evidence of booked in work (this was just after lock down 1 and client had taken seiss)

MissNinja

Hi,

I have looked at the help to buy scheme, I was wondering how difficult it would be to get a 30 years mortgage on a new property with the equity loan? We'd need a 3 bed house, and these don't come cheap around where we are in the east of England, we'd overpay after a couple of years anyway and we'd look at reducing the repayment length, it's just the getting started that's a bit difficult! We'd be FTB, so we'd have until 2023 for this

Thanks in advance!

haras_n0sirrah

MissNinja said:

Hi,

I have looked at the help to buy scheme, I was wondering how difficult it would be to get a 30 years mortgage on a new property with the equity loan? We'd need a 3 bed house, and these don't come cheap around where we are in the east of England, we'd overpay after a couple of years anyway and we'd look at reducing the repayment length, it's just the getting started that's a bit difficult! We'd be FTB, so we'd have until 2023 for this

Thanks in advance!

You can do 30 years with no issues at all provided you are under 40 at the time of application

MissNinja

@haras_n0sirrah thanks so much!

mowgliisaG

haras_n0sirrah said:

mowgliisaG said:

haras_n0sirrah said:

mowgliisaG said:

Or any of the other brokers on here...

I haven't got any self employed going through with santander at the moment but have done 3 post covid with them and all went through eventually

Eventually!! What hurdles did you have to overcome?

One declined but I got it overturned with evidence of booked in work (this was just after lock down 1 and client had taken seiss)

Very nice, I had a bbl loan but not used...was with santander and applied to santander, you think that would cause an issue??

DaisyT1990

Hi, I’m just after some guidance if possible. My name was changed in around 2003 I believe as I was legally adopted by my step dad. Will Halifax (mortgage currently in underwriting) need documentation confirming this? I do not have any documents, I think I was about 13 at the time! Any advice would be appreciated. 

Thank you

GrahamsHill

Out of interest, can we get a relatively accurate representation of what size of mortgage we could get based on deposit, salary, outgoings, credit report and whatever other factors are considered without actually applying for a mortgage? Reason I ask is that we're looking at 3 types of new build - one at £259k, one at £268k and one and £272k. We want to go for the £268k if possible but if we can stretch to the £272k house which we love then we can go for that and put an early bird deposit on the most expensive one. 

K_S

DaisyT1990 said:

Hi, I’m just after some guidance if possible. My name was changed in around 2003 I believe as I was legally adopted by my step dad. Will Halifax (mortgage currently in underwriting) need documentation confirming this? I do not have any documents, I think I was about 13 at the time! Any advice would be appreciated. 

Thank you

Not at all likely to happen. If I am not wrong, Halifax only asks a yes/no question about whether your name has changed in the last 3 tears.

K_S

GrahamsHill said:

Out of interest, can we get a relatively accurate representation of what size of mortgage we could get based on deposit, salary, outgoings, credit report and whatever other factors are considered without actually applying for a mortgage? Reason I ask is that we're looking at 3 types of new build - one at £259k, one at £268k and one and £272k. We want to go for the £268k if possible but if we can stretch to the £272k house which we love then we can go for that and put an early bird deposit on the most expensive one. 

You could definitely get a good estimate of your max borrowing figure without applying for a mortgage. However, it is unlikely to be fine enough to discriminate between the borrowing required for a 268k property vs a 272k property if you see what I mean.

Assuming you are talking about steady PAYE income, new build house and clean credit history, you could try a few mainstream lender detailed affordability calculators to see how much you could possibly borrow.

Or else get in touch with a mortgage broker to ask the 'how much can I borrow' question. A half decent one would take your details and give you a reliable figure.