-
Nationwide Newbuy DIP
Had a DIP Application in with Nationwide since Wednesday. Going through a builders "mortgage advisor" as it's easier, and I can't go direct. History of Bankruptcy/Reposession. Just chased it up , apparently it's with a senior underwriter. Is that normal? I have no trust in these mortgage advisers. I remembered she didn't…
-
First time buyer, Mortgage broker vs straight to Bank
Hello, I am a first time buyer, trying to weigh up whether it is worth going through a broker or go straight through my bank (Lloyds). The Mortgages Lloyds are offering seem to be fairly comparable to others on the market, is there an advantage of going through a broker who may have a wider range of products available? To…
-
RTB Council Property (santander)
In the process of purchasing the council property. On the application we put down my parents and my brother as tenants wishing to purchase the property. Now that we got the offer letter, we went to see a broker and found a deal. However out the 3 tenants only 2 are working. The broker has checked with the local Santander…
-
£230,000 VS £240,000?What is theDifference a month in mortgage payments,approximately
£230,000 VS £240,000 ? Can somebody please tell me approximately how much extra the mortgage payments will be a month on the £240k one VS the £230 k a month? eg, if £230 K will give about £1000 a month, then a mortgage of a property of £10k More is an extra £xx a month. (That is if you are a mortgage broker/ or deal with…
-
Nationwide, it was all going so well.......
Hi FTB with my girlfriend. offer accepted on house 7/03/13 DIP and full application to nationwide 8/03/13 Valuation carried out 11/03/13 Satisfactory valuation received 12/03/13 Now today I've had a phone call from my IFA to state that an underwriter has referred our application on affordability criteria. My salary £26780…
-
Student guarantor mortgages
Do Student guarantor mortgages still exist? I am loooking to get on the property ladder, but are currently at university so have no income. My parents have a large house with plenty of equity, so are happy to give me the deposit and guarantee the full mortgage. Where can I find out more details about rates and the…
-
Halifax First Payment - Advice Please
Hi I am looking for some advice please I have just purchased my first flat completiontook place on the 28th Feb. I received a letter from Halifax saying my firstpayment would go out today and then the 1st of every month afterthat. I checked my bank account and no money has been taken out I can see thatmy direct debit is in…
-
Relocating, difficulty getting a mortgage due to change in Nationwide Criteria
We are in the process of relocating, our house sale is going through & we've seen a house to buy HOWEVER we can't get a mortgage. We are currently with nationwide & have never gone in to arrears & have good credit history etc We have used 2 mortgage brokers & contacted the banks directly. My partner is recently self…
-
halifax mortgage change?
hi all, i have just had a letter from halifax, saying they have chnged their systems and as a result my FIXED monthly amount is going down by £9.40 per month? anyone know why? i make regular overpayments but why would this alter the repayment amount? thanks
-
Halifax Mortgage Offer and Credit Checks
..........
-
Consent to Let - Santander
Hello, I've read the forums and many threads are slightly dated on this subject. I currently live in a 3 bed semi detached house (another room could become a 4th bedroom for rental purposes). The rental value is probably c£800 - £900 per month. The house cost £179k and the outstanding balance of the mortgage is c£125k (I…
-
Porting a mortgage help!
I have a mortgage for roughly £72k on my flat. I hope to sell it for £87k and have savings for fees and stamp duty etc. Am looking at properties for £150k and ideally would like to port the £72k over as its an excellent rate, and get a new mortgage for the remainder. I'm so confused how it all works though, if I get a new…
-
Wife leaving me with house
Hi All, My wife and I are sadly separating and she would like her share of the house. I understand that I need to apply for a new mortgage but does mean I can also pay off more of the house value to reduce my mortgage. The mortgage was 96k we have paid around 11k of this. Do I then need to apply for a mortgage of 85k? I…
-
First Mortgage Payments
Before anyone says 'best talk to you mortgage lender', this is more just to get it off my mind and some excellent MSE advice ;) Let me put it into bullet point, Monthly mortgage payment: £700 Next Mortgage Payment Date: 7th April We are looking to exchange contract on the 27th March but...how much will our mortgage lender…
-
Repaying a credit commitment
Hello, Since a previous post a number of weeks ago, we have submitted a mortgage application to Accord via a broker. The application was submitted last Tuesday and today we had a valuation of the property we hope to buy. As per my previous post, we have a couple of ongoing credit commitments. One of these is a Tesco bank…
-
FTB/BTL when living in tied accommodation
Hi, I'm new to the forum, though am an avid user of the website. I am a financial dunce (though don't fare too badly to be fair!), but particularly where mortgages are concerned as we are fortunate enough to live in tied accommodation (well, fortunate providing you aren't made redundant, twice...) and it is a contractual…
-
Thanks
Just thought I'd say thanks to everyone who contributes on here and especially those who have taken the time to reply to my blindingly obvious (to some but not me unfortunately) questions that I've asked over the last few months. We have acheived something which I never thought we'd get and the bricks and mortar are now…
-
Port a mortgage when retired?
Hi my mother is currently the sole name on a mortgage were the initial rate has expired and it has reverted to the SVR but still has many years to run. She is considering changing property to something smaller but around the same price (bungalow), is it possible for her to port the mortgage given she is retired and no…
-
woolwich application , how long?
just wondering if anyone else here is currently waiting on a woolwich mortgage applicaton. Im hoping to move and applied to port my mortgage a week ago.im wondering how long they are currently taking to process applications. looking at my paper work when i bought my current house 6 years ago, there was 6 days between…
-
Passed soft search app
Today I spoke to a mortgage advisor, gave my details and he carried out a soft search with halifax. Got back to me later to say I had been successful and could potentially borrow much more than I originally stated. I was cautious, based on previous credit I had from 3 years onwards. 1. How successful are these agreements?…
