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Has anyone remortgaged whisky pregnant?

42 replies

Expecting2017 · 16/05/2017 11:11

If you remortgage when pregnant will they go on your full time wage or on your smp wage?

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Bearbehind · 16/05/2017 13:10

A big question will be how your current partners salary compares with your previous partners salary.

If your ex earned significantly more that current DP that will pose a problem too.

have you tried putting all your details into Santanders online mortgage calculator both with and without a dependent?

Expecting2017 · 16/05/2017 13:19

Yes I have and with a dependant they'll lend more it makes no sense. And no ex partner earned the same and earned less at the time. He only lived in the property a few months before cheating and leaving so I've been a managing alone since and then met oh and he moved in a dn we've then put money together of course. I have sought advice from a. Solicitor and she says it's really dependant on want santander would like to do!

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Expecting2017 · 16/05/2017 13:21

Transfer of equity because my ex signed a contract stating he wanted nothing to do with the property and its all mine and that I was to pay him 5k(more than what he put into the house!) I have been paying him monthly up until now. So solicitor said maybe a transfer of equity where as I pay him the remaining 2.5k out of my equity (there's currently 72k equity) and he signs over the remaining to me as per our contract. And then removes his name and we then add my oh name.

OP posts:
Bearbehind · 16/05/2017 13:23

Given a solicitor has advised you need to see what Santander would like to do I think that would be a better course of action than asking randoms on the internet Grin

Expecting2017 · 16/05/2017 13:24

Bear I understand that but I'm in a better position now even with a. Children than before. We only had a combined wage of 30k when me and my ex bought the house. The bank know I've been managing the mortgage alone for more than a year and that ex had moved out but it was agreed he'd stay on mortgage till I can afford in my own or I add someone to the mortgage. As per mine and my ex contact. Thanks but online it says we can make than afford it (borrow 190k) when I only need 138k. Well just under. And usually online is less than what the bank will actually lend you especially via a broker. When I was a ftb online said they'd lend us 120k when we actually got 150k so.. With a 5% deposit of 7400 not 72k.

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Expecting2017 · 16/05/2017 13:25

Bear I am going to see but that was without the fact of being pregnant. I think you're just coming across rude now tbh. I was asking about anyone who's remortgaged when pregnant so if you haven't and have no advice then there's really no need to comment. I wanted to know which salary they would b ase it on. Thanks though

OP posts:
Bearbehind · 16/05/2017 13:34

I didn't mean to be rude but you are coming across as if you know it all anyway so I'm not sure why you asked for advice.

Different lenders treat maternity and many other factors in different ways so what happened to others is irrelevant unless they were with Santander and all their other circumstances were the same.

Heaven only knows where you got this from And usually online is less than what the bank will actually lend you especially via a broker. Hmm

Afterthestorm · 16/05/2017 13:35

This reply has been deleted

Message withdrawn at poster's request.

Expecting2017 · 16/05/2017 14:34

I got that from looking at online and then using a broken when I was a first time buyer. He got us a lot more than what was shown online as it is a GUIDE. I'm not saying I know it all and two above have told me their experiences with santander whilst being pregnant(I'm pregnant not on maternity yet), so thank you to them. I don't know that's why I am asking but I'm not asking based on mine and my exes situation I'm basing solely on a remortgage. Thank you though

OP posts:
Expecting2017 · 16/05/2017 14:34

Broker *

OP posts:
Bearbehind · 16/05/2017 14:55

Op, I'm not trying to be obtuse here but you can't separate out your pending maternity leave and yours and your exes situation.

They are your 'circumstances'- It is all of this combined that determine the outcome.

I don't see how it can be anything other than a new mortgage application with the change of names and release of equity to your ex so it's not just a simple existing customer product switch which you can do with virtually no disclosure about your circumstances.

In the space of this thread the equity has gone from £65k to £72.5k which ignores any money you need to pay to your ex and the fact that figure is presumably based on an estate agents valuation rather than a mortgage lenders valuation.

Just another thing to consider, have you checked yours and your partners credit files?

You wouldn't be the first person to get their file trashed by an ex or minor missed payments from either you or your OH

What I'm trying to say is it's about the whole scenario.

In your shoes I'd be honest about the pregnancy as this won't be a 5 minute product switch and I'd ask Santander what the options are and if that's no good then speak to a broker.

Bearbehind · 16/05/2017 15:10

Apologies I've realised why the figure went from £65 to £72.5k (the original deposit) Blush but the point about the valuation being from someone who's presumably trying to get you to sell your house through them and one who is looking to lend against that valuation is still relevant.

Expecting2017 · 16/05/2017 15:14

Thanks. Nope I said the house had made 65k but the total in the house is 72k as I put 7k down as a deposit... Sorry that confused you.

Santander knows about ex situation as does solicitors. They have said either a remortgage with santander (which is basically a new mortgage as my OH name would be on not my exes) but they still class as remortgage as it's still for the same amount (or minus 2.5k which is what I have left to pay my ex) and my name will still be on the mortgage. OR We can do a transfer of equity(includes name swap exes to my oh) and paying ex our his 2.5k thus ending up with 70k equity left in property. Then remortgage as in update my current mortgage.. (which will have my oh name on)

I dont know how else to word that to you I'm afraid this is what the solicitor and santander have said.

Nope my credit rating is just fine thank you, my ex moved back home with his parents and now has only his phone bill to pay (not even rent!) whilst I pay him £200 a month out of the house or more when I can afford more on those guess months. My partners credit file is fine. He's never owned a house but has a car on finance and has never missed payments.

Santander said all of this can be done over the phone. I don't feel comfortable doing it over the phone personally. But they do have a long waiting list just to even discuss anything with them in branch. End of June in fact.. And I'm in a hard place as solicitor says to ask santander what's best and then santander over the telephone say they can't give legal advice. Soooooooo yes.

I wanted to know about the remortgage alone and being pregnant to know only what they'll base my wage on. Or whether it's just easier to keep my ex on there until I am back to work after I have had the baby. Because mine and my exes contact which was drawn up by a solicitor states he just stay on the mortgage until 1. I can afford alone. 2. I add someone else to mortgage so I can afford. Or 3. Until he buys another house. Whichever comes first. He is in no way in any position to buy a house for probably the next 5 years at least before you bring that into the equation of the next year. (I know this as I am very close with his family still) he spends all his money on drinking football and designer clothes..

Anyway thanks for everyone advice and I won't be commenting further. I now realise why i should never post on mumsnet when I want some advice on anyone that's been in any situation except the exact one I am in Hmm

I literally just wanted to know hat they base the salary on when pregnant, that is it. Probably a little hand hold an reassurance to a panicking pregnant first time mum who hasn't had to remortgage before, because I worry if they say we can't afford it. Even though online it says we can.. And that they'll lend more than enough to us. If they say we can't or we get declined. What happens then? Do they take the house away or what? Even though I've clearly been paying it for years alone and with my OH. Not ex.

OP posts:
Expecting2017 · 16/05/2017 15:16

Agents based that on a lower figure BTW. Houses in my area are going for a lot more. Bristol prices are rising at an awfully rapid rate. I just wanted to sell the house fast and move to pay out ex and have a flatter garden and front garden before we decide to have kids. Little did I know I was actually pregnant ton the pill so we stopped the sale. I don't know what santander will value it on. The amount of stress I feel right now I can't even be bothered to think about it tbh. I just wanted to hear someone's experiences on the salary side of things so one less thing to worry about. Sad

OP posts:
Bearbehind · 16/05/2017 15:24

Pregnant or not- I'm sure everyone panics whilst applying for a mortgage! It's a horrible process.

It sounds like you've got the answers you need already, the rest is up to Santander.

The sooner you start the ball rolling the better.

good luck.

NotAUserNumberSoNotATroll · 17/05/2017 13:47

Sorry I'm late in replying....I was 3mths into mat leave when we remortgaged with the same building society but I'm not sure which one it is

NotAUserNumberSoNotATroll · 17/05/2017 13:48

We did speak to a broker who advised we couldn't be refused on the grounds of mat leave as that'd be discriminatory

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