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Natwest - Intention To Lend
Just done the online "Intention To Lend" . I assumed this was the "Agreement In Principle" but i am a bit unsure ? . Has any one done this before ? , it did state after how much we could borrow that the next stage would be doing full application after finding a house . Thanks
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What are my options!!
My girlfriend and me bought a house a year ago paying 20 % deposit for 166000 house but we have now split she doesn't want anything to do with the house and wants her name off the mortgage and the title deeds My mortgage lender has refused to transfer the equity as I do not meet the income criteria even though i can afford…
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Standard Variable v Fixed
Hi, my mortgage is on the standard variable rate of 3.99% at the moment. What are everyone's thoughts on whether I should stick on the SVR or switch to a fixed rate of 3.54% for 2 years or 3.74% for 3 years? Any advice much appreciated! Thanks Chris
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Electoral register
We're due to make a mortgage application in the new year although we've found out that we returned the electoral register forms too late. I spoke to the council and they said that we would not appear on the register until the 17/02/14. I'm worried this will affect our credit search, so do you think it would be worth…
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Remortgaging next year have we got a problem?
Our (joint) mortgage currently stands at £107,000 it is interest only @ 5.09% originally repayment but changed to take advantage of higher rate tax relief by paying into a SIPP and keep the child benefit for myself (stay at home dad). Anyway our circumstances have changed and it looks like we will lose the Child Benefit…
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Gazumping /fee protection insurance
A few years ago when I bought a house I was gazumped on the purchase, it was quite late on so I suffered a loss of the fees I'd already paid, survey, mortgage broker and conveyancing. It really really annoyed me. I'm looking at buying again, is there any form of protection I could take out to protect myself this time round?
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Remortgaging - credit checks/title deeds
Currently on fixed rate mortgage which is due to end shortly, so looking to remortgage However, since taking out mortgage i have become a student and am no longer working. I also have a large CC debt in my name I am now thinking that if they do a credit check, my lack of income and huge CC debt, will affect our lending…
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Will i be able to get a mortgage ?
Im a first time buyer with ok credit and no debt what so ever. My girlfriend is a homeowner with awful credit and in debt management. we need bigger house so want to move we are thinking i apply with my name alone with the 5 % + deposit she sells hers and we move in to new home. But can i use her earnings for my…
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Which Mortgage should I get
Hi friends, I need help in choosing the right mortgage plan. I wish to have a capital amount of $150000. The first one having a mortgage interest rate of 4.99% with monthly payment of $1152 and with an estimated closing fund of $4065. The second one is from safebridgefinancial.com having an interest rate of 4.24% with…
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Transfer of Equity / SDLT question for a married couple?
Apologies if this has been asked before. I have not been able to find anything definitive so far. My wife and I got married on 20/12/2005. For our previous house, we had to get a mortgage in my name only and so the title deeds were also in my name only. When we applied for a joint mortgage we were declined, I think due to…
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Borrowing help
Hello everyone I'm new here and hoping for some advice. Ok so here are the facts I've had my nationwide mortgage for 15 years with 10 remaining. I owe 15k with a property worth 135k. I need to borrow an extra 10k to buy wife soon to be ex wife out. I have 6k and my parents are gifting me 20k with no charge on the property.…
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A short term mortgage?
Just a quickie I need a short term 40% mortgage on a 2nd property. Will pay it off when the 1st property sells in the year. Off the top of peoples heads who have been looking recently, what if any recommendations does anyone have? Will be around 60k Thanks in advance.
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Crystal ball question: fix rate or keep tracker?
Hi, We all know that one cannot predict what mortgage rates will do. But we also all know that the BoE base rate almost surely can't go down, and is expected to rise in the next 18 - 24 months. So please polish up your crystal balls and help me decide what to do with my mortgage. We currently owe £220k with 21 years to…
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Mortgage declined!!
Hi guys I really hope someone can help me. I have applied for a mortgage with RBS today and was declined. They went through the affordability checker and everything else in a process which took nearly 3 hours. They said everything looked to be absolutely fine affordability wise. Then when they did the credit check it came…
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First time buyer / right to buy / mortgage options
Hi all, I hope someone can provide with me advice regarding my situation: My family home is a council flat in east London. Under the RTB scheme, my mum(registered tenant) would be eligible for the maximum discount (100K). I live in the house too, but my name isn't on the rent book. My mum was interested in purchasing the…
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Charged £628 'Abortive fee' even though house sale completes tomorrow?
My husband and I are completing/exchanging contracts and collecting our keys tomorrow. However we have our final bill from the solicitors 1. They have charged us a £628 charge for 'abortive purchase' in addition to the £360 charge for 'purchase'. My husband did say at one point 'We are thinking of pulling out' as they were…
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Refused interest only payments - Repossession looking imminent
Hi All, I appreciate this is a busy time, but any advice is more than welcome. I will try to be brief and concise; I purchased a property with my partner just over 12 months ago. We took out a joint repayment mortgage with Britannia on a 20 year term which will take me up to the age of 69. Last 6 months have been a bit…
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Joint mortgage with late payments!!!!!!!
Hi, We want to apply for a mortgage with my girlfriend. I have perfect credit history (max score on experian and equifax) with no late payments and I have very long permanent employment with an 57K income. She has 12K self-employed income and had some late payments on two credit card accounts. One of her accounts had a lot…
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Credit card debt application at underwriters! Worried
I have sold my house to cash buyers (if all goes well) I have found a house and had a offer approved. I sold my house for 170 000 and the New house cost 135 000 I have 41 000 for deposit as I am taking 10 000 out of the equity to pay off my credit card and also 5000 to cover stamp duty solicitors costs etc. I am borrowing…
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First Time Buyer allowed to let?
Hi Sorry if this has been asked before. I have had a look for the answer but I am still unsure. My Husband and I currently rent. We would like to buy a house to let out. Neither of us has owned a property before. Can I get a first time buyer mortgage or does it have to be Buy to let when letting a property even though it…
