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Cancelled Mortgage Application
I applied for a mortgage with the Yorkshire BS - after sending in all my documents for processing and having a valuation carried out - I received a call from them about 2 weeks ago to say they have cancelled my application. When I asked for a reason the bloke on the phone said it was because they had reasons to believe I…
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Remortgaging and Borrowing Extra
What are the banks like with regards to borrowing extra on a remortgage? The reasoning for borrowing extra is for investment in a foreign property. The basic scenario is as follows: * Salary: £30,000 * PPR house value £150,000 * Mortgage: £90,000 * Savings: £30,000 * Foreign investment property: £60,000 In short, another…
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Halifax decision in principle
My partner and I got a DIP with the Halifax at the beginning of November and have just had an offer on a property accepted which is well within the value they put on the DIP. The DIP says it is subject to a satisfactory assessment on the property being purchased and the details given being correct. The search on my…
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Nationwide and Santander experiences
I've just had my offer accepted on a lovely little house. Now I have to get my act together and apply for a mortgage and get a solicitor sorted. In terms of mortgages my best bet is either with Santander (through a broker) or direct with Nationwide. Does anyone have any experience with either of these lenders? My friends…
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Advice needed
Hi, I need some advice on mortgage I am now named on and where I stand moving forward. About a year and a half ago I agreed to be named on a mortgage that my (now) ex had with their ex husband. The husband was taken off and I was put on but as the terms changed I was only allowed to be put on the mortgage if the property…
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Signing a TP1
My solicitor has asked me to "sign the plan in the bottom right hand corner incorporated into the deed which identifies the property you are buying". Is this box 6?
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First time buyer advice
Hi, The facts: I recently inherited £47,000. I would like to buy my first home soon, and have an income of £47,000 before tax. I would like to buy for no more than £230,000. I have £20,000 in credit card debt (all at 0%). I have a good credit score. I would be grateful for some advice: Should I pay off all the debt and use…
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completion date?
I have a completion date for the 15/12/13 and I have signed my contract, my question is, can you get a completion date without exchanging contracts? (I haven't been informed of this by my solicitor)
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Mortgage with Nationwide, a bit of help please.
Hi. We got the keys yesterday. When can I expect the first payment to be taken from my account? Do I have to have contact anyone. Also, I have a 10% per year overpayment facility. Is this 10% of the loan or the loan plus interest...? Thanks
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Increased value when remortgaging
Hi all, I've had a quick look around but can't find an obvious answer - hope someone can advise. When we bought our flat is was a bit of a wreck and priced accordingly. We spent approximately 15k and a lot of man hours doing the place up and as a result we'd certainly see the renovations reflected in the price we'd ask…
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Help
Hi can someone please help me. I am starting a job. Where I am classed as self employed for a company. Even though I am self employed I am classed as a sub contractor for the company. If I need a mortgage how does this work and also I have not had my first wage yet, so what should I do about tax? Registering etc? Many…
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How to mortgage paid off house
I currently own outright a house and want to get a mortgage of around 50-60k to consolidate some debts and make some big home improvements. What sort of mortgage/remortgage should i be looking for?
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Re-mortgage
i am trying to buy a house which is currently in negative equity and the sellers also have mortgage arrears, my question is they are trying to re-mortgage to cover the shortfall, how long does a re-mortgage take?
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Rebuild cost too high in lender's valuation survey?
We're buying for £470k (valuation survey agrees with this price), but the surveyor for the lender has said that the rebuild cost of the house is £440k. This seems bonkers to us, for two reasons: 1. It suggests the land is only worth £30k. We're moving very near to where we currently live. Our current house is worth £250k…
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Shared equity 75/25, poor credit mortgage
Hi all, I currently have a 75/25 shared equity flat which I rent out and pays for itself. The mortgage for the 75% was for just under 70k 4 years ago and today's settlement figure is 60400. I am in the process of moving back into the area where the flat is, but because of having a tenant present and my family having grown…
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Halifax 2yr or 5yr Mortgage - Crystal Ball Question
My rich son is buying a house valued £88,700 (in Northern Ireland), deposit = £22,100 (25% deposit) Silly me never thought to put him on electoral register. He has no credit history, buys everything cash (ink £10K cars) Halifax has approved mortgage (with only 4 months new employer history) and we have had survey done. So…
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Qucik advice please
I will be trying to apply for a mortgage March/April next year so I am trying to clean up my credit file. Would appreciate some advice on two issues. 1) All credit files current show late payments on one account as below: 3 4 3 2 3 2 2 1 This isn't actually as I would of expected because I was actually on an temporary…
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Remortgage - deposit?
Hi! VERY long term lurker...hmm makes me sound a bit dodgy written down like that...! DW and I have been on a repayment mortgage since buying in 2007, just before The Crash. If the house was valued pessimistically / realistically, our LTV is probably in the 90-95% region (it was ~88% when we moved in, grrr). I know we'd be…
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Halifax Mortgage problems due to house divided into flats
Can anyone give me any guidance or has anyone had any experience of purchasing a house that was sub divided into 2 flats. Our mortgage advisor is not returning my calls or emails and Halifax will only speak to the mortgage advisor. I will try not to bore you too much but this is the scenario.... We got a full asking price…
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Re mortgage-How is a settlement figure agree?
Hello, We are just in the process of remortgaging changing from Santander to Tesco. We applied to Tesco giving an estimated settlement figure but since then we have made another payment to Santander making that settlement figure incorrect. We are completing this week so how is the settlement figure adjusted? Do we need a…
