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How much can I borrow calculators accuracy
Are those calculators actually accurate or should you reach out to the bank directly? They only take into account income and not credit score or any other details so it does not feel like this is accurate. Do I need to go into a branch and talk to them if I want a good estimate?
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Mortgage Arrears/ Reposession Help
Hi, i am a resident in scotland and i am currently at the end of my mortgage. I still need to pay a substantial lump sum at the end of my agreement. Due to my health and age the bank have been referring my case for 6 months at a time as i continue to make a monthly payment. I have been approached by the banks legal…
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Bluestone Mortgages
Hi All, We've recently received a DIP with Bluestone, my credit file is in a terrible state and to be quite honest, I firmly believe our broker performed nothing short of a miracle to pull this off! (Lets just say- missed payments in January, payday loan 5 months ago, a DMP and 2 defaults 7 months ago... the list goes on…
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Advantage of remortgaging to buy second home?
Hi, I'm trying to understand the difference between these two situations. Suppose I own a house outright (worth 100) and have 20 in cash. If I want to buy a second home that's also worth 100 without selling my first one, I can either: * Use a single mortgage to buy the second home, with 20 in deposit and 80 in mortgage…
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Which mortgage to go for? 2 year or 5 year
Any advice on which to pick?
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Selling the house that I bought with my ex, is she entitled to 50% equity?
Hi, I'm looking for advice on my situation, I have not yet contacted a solicitor about this and hope to find someone who has been in a similar situation who could advise me on how to approach this. I bought a house with my ex partner (not married but do have a 3 year old child with) in September 2022. Around a month after…
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Mortgages and relocation
Hello. I'm in a jam. I have a flat in London that has cladding issues and no ESW1. I have permission to rent it out as I've waited seven years for the intrusive survey. I would like to relocate and buy a house. I have a pretty decent deposit and good credit but I was rejected because they suspected I wanted to rent it out.…
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When to get a mortgage?
I want to buy a house this year and have been told that the interest rates will go down soon so I am happy to wait. However I checked the Bank of England interest rates and noticed that it is a lot higher right now than it was last year or the year before. Does this not mean that it is literally the worst time to borrow?…
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Mortgage Chances - Adverse
Hey all, I know there’s been multiple posts about adverse credit mortgages but I haven’t seen a post like this recently with similar circumstances and I’m looking for an honest opinion from on what my chances look like. My income - £60k per year. Adverse credit: CCJ from October 2018 which was settled in June 2019 and less…
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Melton Mowbray Credit Assist
Hi does anyone out there know if Melton Mowbray allow PDL’s on their credit assist products? My broker is talking of looking at them. I can see on their normal products it says any evidence of PDL’s will lead to a decline but I can’t work out if that is all products or excludes the credit assist products I know you’ll say…
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Pay off mortgage
My fixed rate mortgage expires in a few weeks. The balance before i started making recent overpayments was about £30K. i have six current accounts because I use to take advantage of deals e.g. £100 cash back to open an account or to switch accounts. I made three overpayments in one day (about £7K in total) recently. I…
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Overpay with inheritence
Sadly I have come into an inheritance and want to make it go as far as possible and help my family as much as possible. I plan to max out an isa. my current mortgage deal is 1.94% for another 2 and half years fixed. The amount is £344,000. i can overpay 10% without penalty and feel I should do this but am I better waiting…
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Borrow more than purchase price
Long story short - agreed to buy family house for 40k (it is worth 120k) but it needs a lot of work. I’m a FTB. I asked the mortgage advisor if I can get a mortgage to do this and he advised I cannot mortgage and remortgage at the same time, which is effectively what I’m trying to do. I can however take out a mortgage for…
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Earnings multiplier for mortgage
Which high st lender is the most generous with earnings multiplier for mortgage? Combined earnings around £80k with 80k deposit. HSBC seems slightly better than NatWest but any suggestions? Both jobs salaried and in role over a year no adverse credit etc
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Credit card use.
Hi. I pay off my credit card each month and it always shows a 0 balance on my credit report. Is a lender able to tell that I am using it if my balance always shows as 0 onmy credit report? Thank you.
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Mortgage application rejected.
Good morning. Can anyone offer me some information, insight or advice on the following dilemma please. I am a 61-year-old, single first-time buyer, using the Mortgage Advice Bureau (MAB). I have no equity and a small deposit of 10%. I put in an offer on a retirement property, paid the application fee and paid the first…
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Is letter of consent and postponement a standard ?
hi All Just trying to remorgage the house with first direct and they need the letter of consent and postponement from my wife. The mortgage is in my name as i wonder if this is a standard procedure for all banks to require this or not? It is rather strongly worded which got me worried if she really has to sign it. Regards
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Mortgage for over 60 in home with no building regs certificate?
My husband and I have been living in our home since the 1990s. The house was built in 1986. The house has no building regs certificate from when it was originally built and is slightly larger then the original planning permission allowed. Our mortgage lender was happy to lend to us as the previous owner had a mortgage. Our…
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What counts as PDL to lenders
Hi folks Applying for a mortgage with Skipton, who don’t take anyone with a Payday Loan in the last two years. But a lot of back and forth online as to what classes as a PDL to lenders - products like Drafty, Finio, Pave etc… Any informed thoughts/experiences welcome.
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Are companies like L&C or Habito good for adverse credit applications
As per the title. We are in a better financial state than a year ago and would like to find out if we could remortgage or move now. Do companies on the MSE Broker list like L&C work ok with adverse credit applications?