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natwest mortgage help
Hi I recieved my mortgage agreed letter in post on 7th Feb from natwest and had a move in date of 2nd march.on 1st march my sols rang me up to say natwest required more info regarding my self employment earnings.the day before move in date natwest put a delay on my mortgage,they had a whole month to ask me for anything…
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How quick can a mortgage application go through in?
I know that there is no definitive answer to this question but I am just wondering from the people with experience how quick a mortgage can go through in? We are currently close ( I hope!) to getting an offer accepted on a repossessed property and then obviously want to get to the point of exchange as quickly as possible.…
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The stars have alligned?
Hi All I just wanted to post to hopefully give hope to some of those who are looking for a 90% mortgage with HSBC/First Direct... I started the process with First Direct 5 weeks ago to apply for their 4.89% 2 year fix and after filling out the online form, 45 mins on the phone with one of their operators, sending extensive…
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Independant mortgage advisor? Mortgage uniforms
Hi, Can somebody have a look at the following link and tell me if they are independent.Im confused as it mentions independent but they don’t charge a fee. Anyclarification please? http://www.uniformmortgages.co.uk/About Us.html
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Help on how to release equity
Hi can any body advise me on how to release equity on property.I have a bad credit history but unfortionatly i lost my parents who kindly left me with a house and a plot of land which has no morgage.I want to loan 5000 pound but i cant because of my credit rating i cant get a morgage because theres no morgage already on…
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Help - Can't get a mortgage
Hi, I have just spoken to Lifetime Planning who I was recommended to speak to by Miller homes who I am looking to buy a property with. I am looking to use their Miway shared equity scheme to help get me on the ladder. Unfortunately, they have advised me that they wouldnt be able to offer myself or my partner a mortgage due…
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Are there Mortgages for Garages?
Hello, It's been a while since I was here, but I thought if anyone would know this - it would be someone here! I currently pay £80 a month to rent a garage for my camper van. I've seen one advertised near to me for £10k. Basically, is it possible to get some sort of Mortgage to buy a garage? My credit rating isn't…
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Remortgage advice urgently needed
Hi there Our debt is getting out of control and we have a house worth approximately £275, we need a mortgage for £165 to consolidate our debt to make our outgoings manageable. Our debt has slowly increased over the last 5 years, we have been renovating a house with lots of unexpected costs and this is mainly the reason. We…
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Stressed out!!!
Hi I am wondering if anyone has any experience/advice on outcomes for people who have their electronic application referred. My partner and I have applied for a mortgage through out mortgage broker with Nottingham Building Society. When we were credit checked the result was that we had been 'referred'. Upon further…
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Company Drector and mortgage application
A hypothetical question for the mortgage brokers. If one is a company director of a limited company, receiving a salary, dividend, profit share arrangement as income. What effect does this have on a mortgage application vs being a normal salary receiving employee without the "director" title/responsibilities? I suspect it…
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Nationwide Mortgages - How long??
Official MSE Insert: If you've arrived from Google, our fully researched Mortgage guides may help. Back to the original post... Has anyone applied for a Nationwide mortgage recently? How long did it take to process from when you submitted the application? Mine has been in a queue for 2 weeks and hasn't even been alocated…
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Daily vs annual interest
Hi all Long time lurker, 1st time poster! Can I start by saying thanks to all who commit their time and expertise to these forums, it is an excellent resource I'm currently in the process of remortgaging and I've come across two fixed rate deals that are almost the same. One is a 4.1% rate, The other a 3.99% rate. Both are…
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What Deposit % is required from BANKS + LENDERS for a Mortgage in 2012/now ?
Banks used to want 5% of the value of the house as a down payment deposit before they give you the mortgage, and some lenders could do a 100% mortgage (no deposit required). 1) In this recession, where banks are not lending, what is the minimum/average % of deposit required to purchase a home? and what is the maximum? 2)…
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Strictest lenders
Does anybody know who the strictest lenders are? I have an application submitted with Nationwide & although I'm fairly confident I will get an offer, there's still that fear of being declined! I just wondered if I should have a plan incase that happens... Thanks in advance
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Offset vs Savings vs Paying Off
Hi all, We're trying to get our heads around what to do with our mortgage. It's an flexible offset mortgage with Santander, currently at base rate + 0.5%, with about £80,000 left to pay over 19 years. We pay about £390 a month. We also have (just a tad under) £80,000 that is currently offset against that mortgage. Should…
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Mortgage Help - Halifax
Could any please tell me if a Mortgage Lender is legally obliged to inform you if you monthly payment changes? And is it worth complaining, about anyway.
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SA302 Problems
Hello all, I was wondering if anyone had any advice on a mortgage issue that I am having. I recently applied for a mortgage with Clydsdale bank and was rejected. They said this was due to my SA302 forms and now, before I go around all the banks I thought I would come here for some advice. I'll explain.... I submit my self…
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Can't raise further borrowing on mortage because not "live" anymore
I have had a CAT tracker mortgage since 1999 and raised a small home improvement loan on it in 2004 with no problems. The interest rate is one per cent above base so I am very happy with that! There is tons of equity in the house and I would like a further home improvement loan (small amount). But I have been told that…
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How does Newbuy scheme work
Please can someone explain exactly how the Newbuy scheme works in terms of paying back the percentage the home builder and government lend?
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FTB - found a flat, now for the mortgage!
So I've found a flat that I really like the look of, but I have a few questions! Basic facts - Salary £30k, deposit of £50k plus £12.5k extra for fees/emergency savings. Hoping to purchase for under £185k so 27% deposit. AIP for £135k, no previous credit problems/loans/debts etc. - I have an AIP from HSBC for a mortgage,…
