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Sounds promising?
"Your application has been agreed with Abbey ready for a valuation to be instructed" Does this mean if the value is acceptable we have a mortgage? :)
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Legal Fees for Shared Ownership New Build Property
Hi All I'm currently looking at purchasing a 50% share of a new build property, I was wondering if anybody knew what sort of cost the legal fee's would be for this type of purchase? The share we are buying is £82500. Many Thanks
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Mortgage Switching help please?
Hello - I bought a home six years ago with a deposit of £50,000. It's current value is approximately £140,000. My mortgage is with Halifax and has been since the beginning. I am currently paying £230 interest out of my £500 monthly re-payment. I feel like I might be able to get a better deal elsewhere, but have absolutely…
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mortgage valuation question
I was recently turned down for a mortgage by nationwide because I am a contractor,they already had done a valuation on the property so I have lost my £225 fee. My wife is now gonna try get the mortgage on her name as she is now selling her flat in London ,my question is is there anyway which she can use the valuation that…
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Removing special condition (mortgage)?
Hi - I've posted this over on buying and selling but now realise here might be more appropriate. We are buying and selling. The seller is in a hurry and the buyer (FTB) is working at their own pace. Lender (Nationwide) has attached a Special Condition to the mortgage offer stating that we have to be released from the…
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Can anyone recommend 80% LTV lender for best rate?
I figured Halifax overall would be best bet but came across West Bromwich building society but wanted to know of any more? I have 20% deposit and ideally looking at 5yr fixed but interested in hearing whether I should go with 2yr? Though rates are very good at mo.
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Mortgages and credit checks
Hi, I am looking a FTB looking at mortgages. I initially started looking at borrowing £150k and got an AIP from both Halifax and Nationwide. However, now I want to look at borrowing £165k. However I have been advised that getting AIP's with a credit check would harm my credit score. Ho Hum. Just wondered what the best way…
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William H Brown - £1000 Money Off Scam
Hi All Myself and my partner are looking to buy our first home. And being a pair of idiots were persuaded to use the William H Brown conveyancing service promising £1000 off the price of the house if we used their services. They persuaded us they were only trying to help us and then everything seemed to progress without a…
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Mortgage Offer with conditon
Hi All, I have been accepted for a mortgage with Nationwide with a condition that states all existing debt needs to be paid off on or before I complete. Am I right in think that the solicitors will keep the balance that is owed and pay this on my behalf? If so how do they get the correct figure to pay as my credit report…
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Is shared ownership a good idea?
Hi, I am thinking of buying a SO house at 50% of the value. I can buy it as a cash buyer as I have money from the sale of my old house due to divorce. As my job is not very secure I am scared to take out a mortgage to buy normally. So it is really this house or continue to rent. I am looking for an other job but well paid…
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Change in job..impact on application?
Hi, We intend to apply for a mortgage at some point in the spring, so I'm getting our affairs in line early. Professionally I'm coming to a "natural break" in my role where the time feels right to seek a change. I'm under no threat of redundancy, this is purely a personal choice career-wise. My question to you guys is were…
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Can I purchase parents house with mortgage at below market price
My mum and dad have a property that is mortgaged, there is around £65,000 remaining on the mortgage. The house is probably worth around £135,000 based on the price that identical houses in the street have sold for. They also have around £40,000 in loans that are secured against the house. They have struggled to pay the…
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First mortgage and a change of jobs
Hello all, Me and my partner are in the process of moving into our first house. We've found one we like and although we haven't applied yet, all signs point to a yes on a Mortgage In Principle, followed by the agreement. However, I am changing jobs in slightly less than a month, with a 3 month probationary period to…
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Applying for a mortgage with old default
Hi All, I'm looking to get a mortgage with my wife but I have 2 old defaults both are satisfied and both are over 3 years old. I've recently signed up to Experian and got a credit report which has my score listed as excellent, it shows the two defaults and that they are both satisfied. Should I be OK with my application or…
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Nationwide backtrack on paying our conveyancing fees
My husband and I remortgaged our house with Nationwide earlier in the year and as part of the mortgage incentives they paid the solicitor conveyencing fees. Now we are in the process of moving house and on applying for the new mortgage I was told that Nationwide would pay the conveyancing fees for the purchase of the new…
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Help understanding mortgage interest
Hi there, I've joined this forum to see if anyone can help me solve a problem I'm having, with regards to working out mortgage interest. Basically I'm trying to construct a spreadsheet that can show my mortgage repayments/interest/balance much like the statements I get once a year. The 'APR' in my case is 4.95% which I…
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Advice on whether this is possible!
Hi, I'm looking at various options for buying a house. A relative has said that they would buy a house with me, where I would own 50% and they would own 50%. They would have the money outright for their 50% but I would need a mortgage for mine. Is it possible to get a mortgage in this situation? Would a bank lend in this…
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Mortgages and tenants in common
I’m buying a property with my partner as tenants in common (50/50). My share doesn’t have a mortgage on it, but hers does which she’ll pay for. The LTV of her mortgage is less than 40% of her share alone. Her lenders want to put my name on the mortgage (I imagine this is standard), which I’m aware makes me responsible for…
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Low Mortgage or Bank Loan
Hi, My partner and I will be starting a self build at the start of next year. We've looked at various mortgages and have a few questions for the experts here: We've been told we'd get accepted for a £200,000/£250,000 mortgage but we only really want to borrow between £50,000 and £75,000, would a mortgage lender allow us to…
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re-mortgage to raise capital from overseas- advice please
Hi, I have emigrated overseas but own a house in uk which is rented out. I would like to know if I could raise some capital for a deposit in order to purchase another dwelling to live in here in oz. I guess I would need to go down a buy to let route. my figures are: house value, 350000. currently owe about 150000 on it…
