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Nationwide mortgage nightmare
Hi all, I applied for a Nationwide Mortgage a few months ago and have had such a bad experience. My original house sale fell through because they dragged their heels and the EA got fed up of waiting. I'm on house number two and history is repeating itself... the issues are: * Although the application was supposedly done…
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Lenders for affordable homes
I have bought an affordable home in Wales, and contacted my broker to look for a new mortgage (fixed term coming to an end). He says that Halifax are the only lenders willing to lend to affordable homes. Is this true? Thanks!
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FTB with an AP marker!?
Hi, Me and my fianc!, are looking to buy our first home: Joint income: £40k Deposit: £28k (25% deposit) Property value we are looking for: £115,000 No loans I have a great credit rating, no missed payments or problems. Just a CC I pay every month in full. However my partner has got a blip on his credit report, he has 1 AP…
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Tesco developed properties above a store
I saw a news article that tesco are building properties above their new stores that are springing up, surely these will prove difficult for a mortgage as you are technically living above a commercial premises?
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Obtaining a Mortgage with a Default on Credit File
Hi I am new to the MSE forums, so please be gentle with me if I have posted in the wrong section. Anyway, here goes .... I had what I thought was a squeaky clean credit file, so on the off chance I checked it a month ago as we are looking at applying for a new mortgage next year when we move house in the Spring. To cut a…
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Should I pay off my mortgage?
I have an interest-only mortgage with the Halifax for £50,000 which comes to an end in March 2020. The current monthly replayments are £309. I have just inherited a lump sum of around £160,000. My immediate instinct is to pay off the mortgage completely. Is there any good reason why I shouldn't do so? Many thanks.
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What are the chances? (wife with bad debt)
I wondered if anyone could tell me what my chances are of getting a mortgage when my wife has terrible bad debt in her past? Here's what I earn and what I'd like to borrow Earnings £33,000 Like to borrow £80,000 - £90,000 (maybe less if we saw something to fix up) Deposit £20,000 (possibly £23,000 at a stretch) Current…
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Beyond retirement age..? Help!
I have a particular situation to put to the brains out there. I have an interest only mortgage with my current lender who insists on having the capital back, quite reasonably, at the end of the 'term' in three years time... which is linked to my retirement age. My 'vehicle' for repayment was always going to be the sale of…
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Abbey / Santander mortgage timelines
Just wondered what people's timelines have been with Abbey and Santander recently. We have just applied.
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How thorough are automated credit checks?
I have been honest with my lender and declared that I have 2 small defaults from 4 years ago. I seen my broker tick the box for defaults on the online application form. The application only asked for 3 years address which I gave. (I have been in my current address this long so only the 1 address) Now here's the tricky part…
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Trying to understand Help To Buy equity and mortgage
Hi, I'm hoping someone here has some knowledge of the government's HTB equity loan scheme and can help? I'm trying to do some calculations but am not sure whether I should be including the 20% loan by the government as part of my deposit. I recently spoke to a mortgage adviser in the bank who admitted they'd not done a HTB…
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Halifax valuer delay
FTB using the halifax for a mortgage. Application went in almost 2 months ago. They first request a structural survey before they can value. 2 weeks pass they then request a damp report before they can value. That was about 12 working days ago and we have still heard nothing from them. Do we have any recourse here? The…
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My Mortgage Findings
So I have finally completed the sale of my 1st home - A newish ground floor flat. It was a reposession. I have had to jump through my hoops and discovered alot during the process, I thought I would share my findings as they may of help for others. I will state right from the get go however this is my first and only…
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Which way to go now
Hi All, As a FTB, I have been offered the following mortgage deals on 90% LTV. Abbey: 4.49% fixed for two years, then variable currently on 4.74. No mortgage booking fee, no product fee, free valuation, £250 Cash back at the end of the fixed rate term. Coventry Building society: 4.19% fixed for three years, then variable…
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Repossession order - help!
To cut a long story short, my sister split with her ex-husband 5 years ago. He remained in the family home, she left with the children and rented privately. The house is in quite alot of negative equity and is an interest only mortgage (with no savings to pay it back at the end). He lost his job, didn't pay the mortgage…
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Mortgage Advisor-An Age Old question
Just got off the phone to a mortgage advisor, who I will probably use, liked her manner, and knowledge. She was once a Nationwide underwriter, so I can see where we are heading! Advised me to close all unused/zero balance credit cards and have a maximum of 2, although I would be carrying a balance on one of these? I have…
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FTB - Mortgage re-offer - HELP?
Morning, I had my offer from Woolwich 3 weeks ago for the HTB scheme. I am married and the house and mortgage is going to be in my sole name. My solicitor has come back and said they will have to re-offer due to my wife being an adult occupier. Fine, but does this mean they will have to go through the whole process again?…
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General Advice
Me and my girlfriend are first time buyers, we were consiering renting but after doing a quick mortgage search with google it seems that a mortgage may be a cheaper option monthly than renting. We opened a savings account around 3 months ago and have roughly £3100 a relative will give us £5000 and I have around 5k in my…
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What is the longest years banks offer mortgages for ?
What are the longest years that the banks offer a mortgage for? minimum to maximum years ?
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additional borrowing from halifax
have had my application for additional borrowing on my mortgage excepted nearly 2 weeks ago, bank rang yesterday and said the money has not been released as our application has been randomly picked for further checks, although the advisor said there is nothing to worry about I am wondering if they can withdraw their offer…
