-
At what point do you apply for a mortgage in principle?
Hi all, We are currently living with my partners parents after moving back in with them to save for a deposit to buy a house and ideally want to be out as soon as we can. We should have the 5% deposit by end of June next year and the following month we would have enough to cover all of the first months bills so be able to…
-
Which lenders will reserve mortgage deal 6 months in advance?
Hello. Could somebody please advise which mortgage lenders will reserve a mortgage deal 6 months in advance? Our 5 year fix is coming to an end in May 2014 and I would like to edge my bets by reserving a deal now so that I have a worst case scenario obviously I will look around again closer to the time but wanted something…
-
FTB - is there anything else we can do?
I posted this on the House Buying forum but I am hoping I might get more help on here... I'll try not to make this too long-winded, but could really do with some advice. Bit of background info. My OH and I are FTB. Completely, completely clueless with all things related to house buying :o My OH is in full time employment,…
-
Mis Sold/ Advised Mortgage
Some advise would be great please I have no idea where to start. I have used the same'reliable' independent mortgage broker a few times now. Early this year I sold my house and had an offer accepted on another. I was only 2 years into a 3 year Halifax mortgage so decided to port my existing deal as to not incur a repayment…
-
Think my buyer is dragging her feet
Hi everyone Slightly unusual position - we live abroad and have house in the UK. Our buyer owns the property next to ours which she rents out and when we put ours on the market she made a offer under asking price and we accepted on the basis it would all go through quickly. The house was a new build 15 years ago and she…
-
What's the odds......
Over the years we got our selves as many do into debt, then a couple of years ago I decided to get my head out of my rear end and sort it out. Thankfully, with a lot of hard work, we did. That was last year, this year we have saved £10k towards buying our House off of the Council, it's valued at approx £130k, with discount…
-
Timing of a remortgage
Hi, Fairly basic question. Brought our first house on 23 March 12, with a 2 year mortgage deal. First payment however was the first full month so went out c. 5 May 12. Looking at paperwork it feels rate changes on 24 March 14. Question is, what point should we be starting to chat to brokers/lenders if we want to move to a…
-
Gift/Loan Pickle
Hi there, Any advice appreciated please. Had a mortgage agreed in principal a couple of weeks ago, I need to borrow £40k from bank - with the other £112k of house value being a deposit, which I did mention my dad was lending me. The mortgage advisor asked no further questions about this, but did say that I'd need to get a…
-
Getting a second AIP
I was bullied into getting an AIP by a mortgage broker I went to see, he was a whole of market broker and the deal we were looking at (with Coventry building society) was marginally better than the one I was planning on getting with Nationwide. However looking at the small print it turns out I need 12 months of wage slips…
-
Re-mortgaging - is it easy to do yourself?
Hi all, I've always used an independent Mortgage advisor for mortgages etc., but wondered how easy it is to do on your own? My 2 year deal ends next month, and I want to change lenders, as the one I'm with doesn't have any good deals. Is it as simple as searching on Moneysupermarket (or similar) and choosing the cheapest…
-
taking out my overpayments
I am thinking of overpaying on my mortgage, and was wondering whether it is possible to take the overpayment back if I need it. For example, I have 5000 GBP in the bank. If I leave it in a saving account, after 3 years, I may have made another 200 GBP in interest. If I overpay my mortgage, I could say 50GBP per month.…
-
Is there a better deal
Hi All, After hours of researching the best 5 year fix I could find is N&P's 2.84% 65% LTV £345 fee. I have roughly 40% equity - does anybody know of any better deals out there? I need to borrow £167k. Thanks
-
Which lender for fastest mortgage application processing?
Hi.. 1. Based on your experience or knowledge, can you please suggest which lender is known to process mortgage applications the most efficiently, quickly and promptly? 2. Is Agreement in principal AIP subject to credit search? OR it is just online certificate generated as is the case with HSBC mortgages. Thanks
-
Potential mortgage fraud! Help!
I hope this is the correct place to ask these questions so I'll fire ahead and hope for the best hehe :-) My partner entered into a joint mortgage on a house with a family member in 2010. Whereby the mortgage was assessed on my partners salary etc and then the family member I think just being a guarantor. Things went…
-
Changing mortgage deposit amount after offer
Since I got my mortgage offer I discovered more work on the building will need doing than I anticipated. That means I think I will need to hold on to more cash than I had planned in case it needs doing quickly. My deposit was above the 25% level by about 10k. I want to take it down to the 25% level, which is about 50k. Is…
-
Decisions decisions - Stay put / remortgage & stay put / move house
Mr Willy-Wilson and I are trying to make a decision on what to do re the above and am looking for advice. My head says one thing, the heart (of course!) says another..... Current situ: We have a £230k mortgage on a London flat that is worth c. £340k. We have £29k debt between us, including a £13k loan, a credit card each…
-
Rent or Buy
Hi all, I'm in a situation where I would like to move out mid next year. This will be at a time where I'll have enough to get myself a property up to £110,000 on the current wage / deposit I'll have. The confusion I have is that 12 to 18 months down the line my partner will be in a position where they will also have a job…
-
Help to Buy
I've been looking at a £127k property and approached a broker for advice. They submitted my details to Halifax who came back with a letter of principle for ~£115k and so have now began my application for the Help to Buy equity loan. I have ~£7k on credit cards and old student overdrafts but I was told the letter of…
-
Mortgage valuation results first direct
Hi all I am a FTB and have applied for a mortgage with first direct - the mortgage is approved subject to valuation, which is booked for Tuesday. Anyone have an experience of how long it takes to get the results/ ok from the valuation? Will I get a text, or will the first I hear (if all ok) is the mortgage offer? I've read…
-
Re-Mortgage Chances
Just wondered if anyone had any experiences of this scenairo; Me and my parents each own 1/3rd of the family home and are all on the mortgage deeds. For one reason or another I (son) have racked up an unsecured debt (cred cards + 1 loan) of approx £23k. We have the house worth £210k and a mortgage of £153k. Looking to…
