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Nationwide... a little advice if anyone has time.
Hi, have submitted my application and the only thing they have requested is my proof of deposit, which i have sent over to them. wouldn't they need more info?? i already hold a mortgage with them, but surely i'll need to provide bank statements etc? can anyone advise?
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Re-valuation time-scale?
Ok, so how long is a piece of string...? No, really. Our new Solicitor via our Broker forwarded a written request to The Woolwich 16 days ago asking them to re-value the house we are hoping to buy from £249,000 to £235,000. The % we were looking to borrow would hopefully remain at 70% allowing us to retain £5,000 (approx)…
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Second Charge?
We want to protect the cash gift we are giving our son to buy his first flat. I understood that a second charge (after the mortgage lender) would ensure that the cash balance of any sale could not be spent on fast cars or similar! The mortgage broker says that no lender will agree to a second charge (even though it only…
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Is it safe to apply for a personal loan before completion?
Hi All, Just a quick one really; any help and advice would be really greatly appreciated! We have just (yesterday) been offered a mortgage for a new build from Nationwide (we are so pleased), we are due to exchange contracts very soon and due to complete in July :j. We currently own a Renault Clio which we purchased on a…
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Nationwide Mortgage / Valuation
Hi, I'm currently re-mortgaging and going for a 80% LTV mortgage with Nationwide. I've been accepted but its all subject to valuation. My query is simple, if they down value, can they switch my application to a 85% LTV Mortgage thus paying a higher interest rate, without me 1)Re-applying thus making another print on my…
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Mortgage Plan Check Please
Hello Mortgage experts... Just wanted to sanity check my current plan with the mortgage experts on here, just to make sure I'm heading in the right direction... I'm currently with HSBC on a tracker rate of BOE+2.49% (2.99%). and my LTV is currently 70%. I have 17 years 5 months left on the term. I've downloaded a mortgage…
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sell or surrender my endownment policy
I have a standard life emdownment policy which has been running for just over 22 years . I could do with the money to help fund my new house purchase so i have got a figure from the company to cash in but i remember at one point there were alot of companies offering to buy your polcy and give you alot more than the…
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first direct - any recent experiences?
Phoned First Direct last week and got an AIP for a joint mortgage with my husband but was a bit disappointed to learn that full approval could take between 6 and 8 weeks. Application posted on 27th April. Does anyone have any recent experiences of applying and if so how long did it take? And if they are going to decline,…
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Do lenders require you to have Conveyancing searches?
I'm currently buying a leasehold flat. I've had no problems getting a mortgage AIP as I am financially very sound and the bank are now just having a final check of all my documents. However I wanted to know if I have to any searches done as part of the conveyancing. I currently live in an adjacent flat plus I know the…
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Mortgage Advice
Hi all, I am after a bit of advice. I took a 100% mortgage out with Scottish Widows, on a house which I bought for 125,000, just over 6 years ago. I am on their standard variable rate (about 2%) and am paying about £610 per month. I am just about to sell this house for the same amount I paid for it and I have about…
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Mortgage Deed Conditions
Hi After having various fixed mortgages with Santander over the last 10 years, we are currently switching to First Direct and taking out a 5 year fixed mortgage. We have paid the Booking Fee and have signed the Mortgage Offer, my question relates to the Mortgage Deed Conditions. As it was some time ago that we completed…
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Stepping off the ladder. And getting back on
Any general advice/opinion appreciated... I have a mortgage which is about half the value of my house. I am considering selling my house, banking the equity and renting for a while. I then intend to buy again when ready, perhaps in 6-12 months time. The house I would buy would require a bigger mortage than I currently…
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Extra on mortgage.
Hi, wondered if u could help, desperate.trying to borrow £7000.00 on my mortgage. Have £17000.00 equity on our house. Self employed with income of approx £40,000 per annum. Wife is also self-employed but only in the last three months so has no books as yet. Halifax is classing her as a dependant which she isn't . Basically…
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Mineshafts and mortgages
Currently still on the house hunt, but identified a strong contender. House is located on what seems to be a potential mining hot spot. Another property on the road has a shaft underneath their property, and ours has a shaft identified at the end of the back garden. This is approx. 12m from the property. I'm googling like…
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Try Halifax? Or go broker? Bad credit
My boyfriend is looking at buying a house for us to move into. With our combined savings we are on track to be able to have a 15% deposit. However, the issue is when we checked his credit report he has a red mark from an ex student account where the overdraft was exceeded and not resolved (negligence rather than abuse but…
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FTB advice mortage on new build
hey recently reseverd a new build property, and they are lookin to exchange contracts by end of may, recently spoke to a mortage brooker L&C,and was told by them i cant get a mortage until at least 3 months before the property is finished, is this right ?? the place is to be finished mid october ish do i have to wait till…
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High deposits for new builds
Hi, I am looking at buying a new build flat but have been stopped in my tracks by the estate agent telling me that lenders demand at least 25% deposit for buying new-builds. I asked at Nationwide, and the mortgage adviser had to look it up to confirm that this is the case. Does anyone know if this is universal? It seems…
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howl ong for valuation report to come back once its been done???
its killing us...we have waited WEEKS for the valuers to come out to do the valuation... lloyds told us to call them last tues at midday had the agents still not heard from them, as that was the cutoff point at which the instructed valuers would get in trouble for taking too long (they took 20 days to even make the appt…
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Repossessions rise in England & Wales
Hi Interesting Insolvency news article - 'Repossessions rise in London & Wales' http://www.insolvencynews.com/article/15159/corporate/repossessions-rise-in-london-wales Further details on this and other trends etc from the from cabinet office site for those like me who like to look (fascinated even) at the 'crunched…
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remortgage expenses
hello guys, what are the costs to do a remortgage? I know there is a fee to get the mortgage deal which is something between free and £2000 but is there any other expenses? I read once somewhere a lender offers free Legal "something" , or cash back. what is that legal thing? and is it better to get the cash back?
