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Solicitor changing
I'm in the process of buying a flat, and was hoping to exchange contracts shortly. We've signed contracts and sent the deposit to the solicitor. Now I've received notification that the solicitor is merging with another firm, and the current firm will cease to exist after this month as they will trade under the other firm's…
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Mortgage with £17000 debt
Hi everyone. I'm new to the forum so please forgive me if this topic has previously been covered. I am a first time buyer and keen to get on the property ladder. I have an income of £30000 and around a 10% deposit. My biggest issue is that I have roughly £17000 of unsecured debt (HSBC loan) which won't be paid off until…
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Available credit
Hi I'm going to apply for shared ownership mortgage in a months time and was wondering if available credit would stop you getting a mortgage? I have available £8500 Using 30% of balance and available is £8500 Would that flag up on a mortgage application
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Final credit checks before completion ?
Just had to swap my energy suppliers for new house we complete on Wednesday , but they needed to credit check first arghhhh! Obviously unavoidable need gas/electric but now wondering if this search will effect anything ? Would it even go onto my report in next 4 days? And do halifax even do a final credit check? If they…
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will MMR effect existing offers?
As above really, I know the bank can pull out anytime, but in reality will mmr effect offers already offered (sorry bad english). Do they have to apply the new rules to new applications or can they run with the offers that are already in the system? Hope that makes sense? Bee
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Barclays to HSBC lost CHAPS transfer
Please can anyone let me know how long it should take for Barclays bank to trace a CHAPS transfer to my HSBC account? I have recently re-mortgaged my house and Barclays have said they have transferred the money by CHAPS to the correct sort code and account number but have used an incorrect surname. My bank have said they…
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Secured loan when remotgaging...
Can anyone help out on this? I tried to remortgage to another lender just before Christmas. Reason being that I'm paying 4.54% with NRAM and was after a better rate. In addition to this I also have a secured loan taken out with NRAM when I bought out my ex-partner which is currently 4.44%. I knew I didn't have much equity…
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New mortgage rules (affordability) existing offer
Hi I have a mortgage offer from halifax, infact we have exchanged contracts on houses and due to complete on Wednesday. Been having nose around forums on here and realised there's a new critirea as of this weekend, is that right ?. I'm just wondering if all this will effect current offers with solicitors ( not the aip…
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The Mortgage Market Review - what to expect
We are now less than 24 hours from the Mortgage Market Review coming into effect. We have seen a number of threads here recently discussing various issues for borrowers as a result of the review. Anyone considering obtaining a mortgage this year or in the future would probably benefit from understanding a little more about…
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FTB - Should we ditch Nationwide?
Hi all We have had a lot of bad luck regarding buying our first flat: Flat #1 - Sale fell through after valued £20k less than asking price. Flat #2 - Sale fell through after seller demanded £30k more before exchange. Flat #3 - Sale fell through after vendor suffered personal illness We have just found flat #4. My question…
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To redeem or not to redeem
I've lurked on here for a long time but I'm now looking for some advice. Myself and my brother shared a mortgage on a house, Which I bought him out of it in 2006. Prior to doing this I read the money saving experts mortgage guide and realised that we had been overpaying (standard variable) for years not realising the…
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New mortgages and the extra checks
I hear in the news that getting a mortgage is going to become harder from next week. My situation is that I have exchanged contracts earlier this year after I was accepted for a Nationwide Mortgage on a new build property. The mortgage fees have been paid and the offer has been issued and I am awaiting confirmation of when…
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Mortgage/Repossesion Advice
Hey All , Right, 3 Years ago My father was the only person working in our previous owned home. Things began to get harder as all times do and he had both a mortgage(plc mortgages) and a loan (Blemain Finance) against the house. After a few court orders etc he was given the choice to pay up his entire loan which sky…
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Implications of a friend buying a house for me
Hi All. This is complicated...I think. I have asked my ex (the father of my daughter with whom I now have a great relationship with) to 'buy' us a house as I can't afford to. Before you jump up and down with "WHAT?" - the mortgage repayments on the property would be made by me using part of the maintenance payments that he…
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Valuation on New build
Has anyone had a valuation done on a new build that was not finished being built? I would have thought they needed to have the finished article for a valuation? But then you hear of sales that exchange long before completion on new builds..... Any thoughts....
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How much can I borrow?
Hi Can anyone help advise me on whether what I'm looking for is possible or completely out of the question: - Would like to remortgage my house valuation £470K - £500K Outstanding mortgage on the property is about £190K I would like to remortgage for £235K allowing us to pay off some debts (to family and credit cards). I…
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usual wait for mortgage appointment?
Ive just had an offer accepted on a property two days ago and im keen to get the ball rolling with my mortgage application as the vendor isnt in any chain and is looking for a quick sale. Anyway, I had been planing on using Natwest for the mortgage (part as I already bank with them and they gave us an agreement in…
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Halifax Valuation
Hi all, Halifax valued the property i am trying to buy yesterday so i was just wondering if anyone knew whats the normal timescale on letting my broker/me know if it was all ok etc ? Many thanks:)
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Mortgage for a second property - Need info and advice
I bought my first (and only) property 2 yrs 1 mth ago, and am considering buying a second property either myself or with someone else who also has a mortgage on their home. How would mortgage companies view this, how does it work, and most important would I/We get a second mortgage? Can someone explain the in's and out's…
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FTB can someone explain MMR checks
I have a mortgage decision in principle which has just expired. I will have to go and get another, I am not too worried about affordability as the mortgage would be less than 20% of our net income. What does worry me is the new MMR affordability calculations, with regards to regular outgoings. I would like to know what…
