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Devaluation on new build
Hi all, Just wondered if anybody had come across this situation themselves or have heard of it? I had a valuation carried out on a what is going to be a new build property with estimated finish date Oct 2014. The property is the first of its kind to be built on the second phase of the overall development. There are…
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Santander mortgage - question for brokers.
I have a mortgage offer from santander, unfortunately the house sale fell though I've since had an offer accepted on another property - is it possible to change the property details and have a new valuation ? I'm not changing anything other than the property, product, ltv and borrowing amount will stay the same. My broker…
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Even a chance with Nationwide - Default with them!
I have a very complicated mortgage situation, though we are not applying for another year or so. I have a 5 year old default with the Nationwide for about £68. I had a joint account with my ex and didnt realise he had set up a DD on it (we had seperated and it was at his mums address) and not put any money in it. Anyway a…
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Virgin Money Mortgage
Hi all, Just had an offer accepted on a property. Got an AIP from Virgin Money, sent my Partner and I's application off yesterday, do you know when you find out if it has been accepted or not or the stages? We are first time buyers! Thanks everyone :)
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Claiming Comp for Mis-sold endowment policy
I'm helping my parents with a complaint against HSBC regarding the mis-selling of two endowment policies. We've just heard back from them and they have upheld our complaint and offered us a sum of money as redress. I've reread the letter several times to try and understand how they've come about their compensation figure,…
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Best Mortgage for my situation
Hi there, My old dear wants to move to be closer to me, she doesn't own any property. I own my own flat but there is very little equity in it right now having remortgaged last year. If I go for buy to let I face putting all my savings down on the deposit, which I'm not really comfortable with. My mother has owned property…
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Transfer of Equity
I can't get an answer from the bank at the moment and wondered if you can help. My ex husband and I own, with a mortgage, this house. I want to buy him out of the equity. I know the mortgage company won't let me remortgage the house alone because of the new rules. Although I have been covering the mortgage alone for the…
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House sold and Mortgage works took another payment, am I entitled to refund?
Hi there Would appreciate if anybody could help me out with some advice. I had an interest only mortgage on my house with the Mortgage works, I sold my house and after the sale went through the mortgage works took another mortgage payment. Can you tell me if I am entitled to a refund as the sale of my house was already…
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What credit score is needed for a mortgage?
Hi, I have a credit score of 882 (experian) and want to get onboard with this helptobuy scheme before it's too late. I can't find out what score boundaries are used by lenders. Can anyone help? Many thanks.
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Nationwide applying new 'affordability' criteria already!
I had a mortgage in principle agreement with nationwide, made an offer an a house which was accepted. Engaged solicitor and now when processing mortgage Nationwide inform me that due to new criteria being introduced on 26th April that they will now lend me £7k less than agreed. How can they introduce new lending critieria…
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Help To Buy Question
Heya, I have just received our authorisation through to say we have had it accepted. However it says we pay the 5% deposit on the amount after the 20% has been taken after the government. Or do we pay the 5% deposit on the actual purchase price? Thanks pamela
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How low can mortgage repayments go, offset vs. overpayment?
I have an offset mortgage and am currently using it to reduce the term, so I pay a fixed amount each month. The other option is of course to use the offsetting to reduce monthly payments but leave the term as it is (25 years) Can anyone tell me what happens if the mortgage is 99 or 100% offset? Just how low can the monthly…
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Pressure from Developers, help!
The developers of the property that we are in the process of buying are phoning and pressuring us to complete on the 22nd. A few weeks ago we originally thought that this was an option and agreed to that date (naively, we have never done this before) but now due to the mortgage and conveyancing process coupled with the…
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Homebuyers report/valuation problems help!
Hi guys. Finally got my homebuyers and valuation completed yesterday but now i am having more problems and need your help. The report came back as i expected with some amber points. Mainly wear and tear, the house was build in the late 50's. Most of which i had taken into account before making an offer. The problem is the…
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Halifax valuation fee taken...
Our broker submitted our app last Friday and the valuation fee was taken by Halifax on Monday. The EA said that a surveyor was at the house we're buying on Tuesday. Our broker is on holiday this week, and although he has said we can phone him, I don't want to disturb him unless absolutely necessary - and me being a worry…
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Should we sell second property to raise funds?
Hi, quick background info: 1 house mortgage 104k, interest only, valued around 160k. Rented out. Our house mortgage 170k, interest only, value around 210k. Looking to raise 35k to convert loft. Between us we have 10k CCs and overdraft debts. Good credit scores. Can afford an extra £300ish for the loft repayments in…
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Mortgages for ex-LA properties
We're currently buying an ex-local authority flat in a 5 storey block in London. We've discovered that the % of flats which are occupied by social tenants is very high (80%+) and that our mortgage lender may pull their offer as a result. Has anyone got a mortgage in these circumstances before or know of a broker/adviser…
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Is this Tracker idea sensible?
Current Santander fix (4.79%) is due to end and I'm considering their lifetime tracker (currently 2.49%) over reverting to SVR (currently 4.74%). Assuming we can transfer, if there's no fixed term; no ERC; no booking fee at 60% LTV and flexibility with overpayments (we currently pay max allowed each year) is there any good…
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Bank of Scotland Bizarre New Mortgage Rules
We looked at a small bungalow to buy, circ £170,000. Spoke to our current lender BoS today to find out if we could get a mortgage or a loan to let us buy it until we sold our current house, but were refused. We listed our current assets, own house owned outright (c£120k), 4 other properties 2 owned outright (c£100k), the…
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Will this cause me major problems in 2-3 years time?
I have 8 late payments ( only (1) markers) on my credit file. If I was to make every payment on time from now on, what impact would these have on a mortgage application in 2 years time? I know that they stay on file for 6 years but are they likely to cause me major issues in 2 years time if all of my payments since have…
