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Is this possible?
Basically, I am currently not in a position to get a new mortgage as I am still waiting for my passport from UKBA. I seen a house that I am very interested in and I have checked with my solicitor that I could buy a house without passport (cash-buy). My mum and siblings are happy to come up with the money up front so that…
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Remortgaging - who does the valuation?
We are due to remortgage next year. We have a 15% deposit (bought last year). We got a good purchase price and have done a lot of cosmetic updating to the house. Estate agents locally value it at 10- 15% more than we bought it for. However market increase according to various websites is 1.8% increase. If the mortgage…
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Mortgage wanted for 40 ish divorcee contractor
Hi, my partner and I are splitting up. He is buying me out of the house & my name is coming off mortgage. I have credit card debts of about 18k, but all up to date/no defaults. They are in my name, not joint or his name, although we had joint mortgage and bank account., he v.good with money, i rubbish. he got sole mortgage…
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Quick question please!
Hi, sorry to ask a rather simple question but I use this website as my first source of guidance when it comes to money matters but can't seem to find the answer to what will be a simple question I'm sure! I took a 25 year mortgage out in 2008 on a 5yr fixed rate. This is coming to an end at the end of July and of course, I…
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Using extra facility on offset mortgage to finance a buy-to-let purchase
I have extra borrowing available on the offset mortgage for our family home that I'd like to use to help finance a buy-to-let property. The money is available to me now with a phone call but I will need to provide the bank with the reason for needing the extra funds (usually home improvements etc.). Simple question: Is…
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Mortgage Retention
Hello, I am looking for some advice as a first time buyer. We have a mortgage agreed for 90% LTV on a property as first time buyers. The survey suggested a £7000 retention which the mortgage company (Abbey) have enforced. Offer on property was £220,000, mortgage company has valued the property at £213,000 without the work…
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Guarantor Mortgage from parents over 70 (but have a large residual business income)
Hi, First post, I've searched many forums and websites but can't seem to find any solid information on this subject. I'm posting this thread in the hope someone may be able to help me directly. I'm self employed with a business income of around £2000 per month. I've never been a home owner before but my partner has, so we…
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Mortgage application - employer checks
Any ideas at what stage the lender may check with employers, or indeed whether checks are still undertaken?
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which survey is best for 40 year old property
I'm a FTB, liked a house, it's built in early 70s. To me it looked all good. Can someone tell me which survey is proper one to do on this kind of property. What is the approximate fee for that? Mortgage vendor says 355 for valuation fee, can I request them to do a HomeBuyers report, will that be sufficient? Thanks.
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First time mortgage for contractors
I've been thinking of getting mortgage, it would be my first. I'm contractor and my partner is in full time job. With my past experience I can tell that Banks don't like contractors. Do I stand a chance with mortgage?
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Cancelled direct debit
Hi I have a direct debit with a gym which I cancelled as I stopped going. Will this show up on my credit score as missed payments, even though I cancelled it?
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Remortgaging with a top up?
Hi We brought our first house in July 2010 with a fixed rate 3 year mortgage 85% LTV. We recently (Dec 2012) moved into a bigger house and took some of the equity out of our last purchase to do some renovations. As we had a hefty early repayment fee on the other mortgage, we just topped it up to make up the higher value.…
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Mortgages, credit files, banks and arrgh help meee !!
Hi, First thanks for reading. I recently am looking to remortage with my wife. We have over £35k equity and need to add 15-20k to the deal to consolidate some things. Now the doozer. My wife has a 996 credit score and i have a 580 die to a lot of borrowing (hence the consoidation) the reason my file i was told is low is…
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Purchase & refurb - 2 residential mortgages?
Dear Forum members Is it possible to obtain a residential mortgage to purchase a 2nd property whilst keeping the current property (also mortgaged on a residential rate). We have seen a house that we'd like to purchase but it needs refurbishment. Our plan was to obtain a mortgage for it whilst living in our current home…
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Nationwide?
we spent 2 hours in the nationwide today applying for a new mortgage, got told in principle how much we could borrow. we picked the fixed rate etc to be told we have to go back next week to go over it all again & apply fully next week. i don't understand why he couldn't have done it today? we asked for upto £120k & got…
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Sale on repossesion
I have a mortgage with major arrears. It's got a pending eviction notice (approved at county court but i've managed to stave them off by paying over and above my payments whilst trying to sell the house) someone told me that there is a method by which if I have a buyer ready, with a mortgage in place, solicitors instructed…
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Loan or mortgage? Abbey
Hey there! I've read loads on this site but never really posted! i'm looking some advice from you very talented lot :T I am a first time buyer and am buying a house for £42,000. I have a deposit of £27,000 which means I only need to borrow £15,000. Would it be worth taking out a personal loan instead of a mortgage? I've…
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Fixed rate expiring End Oct, want to make plans now
So I fixed my mortgage nearly 5 years ago now, in hindsight I should have gone variable but I believed I was oding the right thing at the time. (new baby) So now my youngest is starting school in September, hopefully the wife can get some regular work, my income has increased over that period and we are ready (And…
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Change of credit circumstances between exchange and completion
Hi all, I was wondering whether anyone would be able to offer any insight as to where I stand on the following: Mortgage offer accepted in February on a new build property due to complete at the end of June. Mortgage offer is valid until October. At the time of applying for the mortgage, my partner and I between us owed…
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FATO: Brokers/Mortgage Advisors who use Natwest.
Howdy folks. Myself has applied for a lovely new build propery through the new government help to buy scheme. I have chipped in with a 5% deposit and the government has agreed to lend me the 25%. Making it a £38,000 deposit. My question is, has any brokers/mortgage advisors used them recently? I have a few questions: Is…
