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Equity and options
Hi, after some general options, advice, etc I have equity available on a couple of properties, maybe looking a buy to let or doing a refurb, investments also maybe. Property 1. Mortgage free, value £185000 (rented £705 PCM) Property 2. Mortgage £130000, value £375000. (Sole residence) Basically if you were in this…
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Mortgage Application.
Hi all again, Just wondering if i could get advice see if things are correct in my mortgage application. I met a broker on 14th april who advised i can get a mortgage with the halifax with 15% deposit so i agreed to go with it. I have supplied him all my details e.g wage slips and statements and proof of deposit. I then…
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Reservation Deposit on New Build
Does anyone know why a new build property has a reservation fee? You don't pay a reservation fee on other properties.....and this fee is completely non refundable. I have been stalling in paying this, but the time has come where I think I am just going to have to pay it! But, I am nervous about not being able to secure the…
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Bought Freehold, now remortgage? Is the value added?
Hey all, We recently purchased our share of the freehold (or more accurately, a share in the management company set-up to own all the freehold) and thought this might be a good time to take advantage of the added value and remortgage before the interest rates go up. My question is this: does this purchase of the freehold…
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Have new MMR 'affordability' checks destroyed by chances?
Hello, I'm a first-time buyer getting seriously worried and in need of your advise. I currently have a full mortgage offer from Nationwide, for £175,000. Together with a deposit of £75,000 I'm waiting to exchange (by myself, no partner) on a £250,000 house and all was looking good. Owing to some issues, it looks like I…
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additional borrowing process
hi there, have an appointment at the end of the month, with Halifax regarding some additional borrowing on our mortgage for some house repairs etc we want to borrow an extra 15k they have done some basic checks already when i seen them last month about it, but as it had not yet been 6 months that we had had held the…
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Exchanged But Nervous
Hi, We recently exchanged and are completing next week! However I am getting really scared that the mortgage company may pull out before we complete. Does this happen a lot? or am I worrying needlessly? Thanks C
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Re-mortgage Advice Please
I am looking for a mortgage of £73,000 on a property valued at £150,000. My outstanding mortgage balance is £48,565. I would like the additional c. £20,000 to clear outstanding debts* and the remainder do some work on the house. My credit rating with Equifax is excellent but that with Experian is only just fair. I think…
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Barclays Rate Switcher Problem
Hi Could anybody please give me an idea whether this would be unfair treatment and cause for official complaint. I have 2 mortgage accounts with Barclays, as rates may rise soon I want to switch the higher part to a 5 year fix at around the same rate as my current tracker. I cannot move company as the other account is an…
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Help to buy - New Build, negotiation on prices?
Hello All, I am new to this forum to the whole house buying experience and I would appreciate some advice on my current situation: I am in a position to buy a new build home using the help to buy equity loan scheme and found the perfect house, in the perfect location for our family. I had originally reserved a finished…
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Advice: overpay mortgage from cash ISA reserves?
Hi all Hopefully this is the right forum, I usually only participate in the Matched Betting one, so I might be posting this in the wrong one. Apologies if so. I'd like some advice from you regarding overpaying my mortgage. I currently have around 60k left to pay on my Capital Repayment Mortgage with Nationwide. It's…
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Reapplying after a decline with Santander
Has anyone had experience of this please? We were declined because of a problem with the credit search. We looked into it and discovered we were not showing as on the electoral roll. This has all been corrected so now our credit files are correct. So now we will go back to Santander and try again. If it is still a decline…
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Awaiting shared ownership mortgage
Is anyone awaiting a shared ownership mortgage outcome? Just interested to hear about everyone else's experience
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Appealing against lenders decision
Hi Myself and my husband have sold our house and have found a house we love and have put in for a mortgage and so far had it refused on our credit score. We have appealed the decision and put across 2 budget plans, 1 current and 1 projected. Both show our bills etc are manageable but with the new house we are much more…
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Divorcing, splitting mortgage, secured loan and fees.
Hi everyone, I have so much to juggle! I've been divorced nearly two years and my exH has finally stopped dragging his feet and has agreed a financial settlement with me. There's around £40k equity in the house, which I live in, he has a secured loan of around £16k, which I stupidly co-signed for in happier times. After an…
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Does a credit check affect your credit rating?
Good Morning Folks I am thinking of buying a new property for which I will need a mortgage. For this, I am thinking of going to a mortgage broker to get me the best deal. However, I am thinking of going to more than one broker in order to do this, so that I can compare their services. So you think this is a good idea?…
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Home mover mortgage repayment and completion question
Hi, I'm hoping someone might be able to help. We are moving home due to complete 25th of this month. We have an existing mortgage with RBS and repayment date for that mortgage is also 25th of each month. We are not porting our existing mortgage deal but are staying with RBS on a new mortgage account. On application we…
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need urgent help
Hello everyone need your advice. 7 years ago my x partner wanted to buy a property to which i replied yes too as well... fast fwd a few years and we broke up.. 5years on he hasnt helped me pay for half the mortgage etc.. he lumped me with it and moved away.. i am now happily married living in my husbands house. This other…
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Remortgaging help!
Hi, Background My partner and I were first time buyers in Oct 2012, and we got a 2 year fixed mortgage at 4.2% with Woolwich (Barclays). This was with an LTV of 80%, as we borrowed £191k (includes 1k fees) on £237,500. This will switch to their standard rate in Oct/Nov time (I need to check exact date). I don't want to…
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Let to buy ?
Would like some advice on the following. My wife and I currently have a home worth around 150K with 30k left on the mortgage.(9 years left on mortgage) We would like to move to a larger home costing around 200K to 250K. We have currently 30K in savings. Ideally we would like to keep our current home (future pension) and…
