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5% Mortgage
Hello, I've got a question about 5% mortgages. We have our mortgage in principle and have found a house for much less than the maximum we were offered. My only concern is that I dip into my overdraft by the end of the month every so often. The last two months I've been in it by pay day and I was wondering if this would…
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Dual representation?
Hi All Very excited as I just heard that our case has been agreed (subject to valuation) with Abbey/Santander. My solicitor isn't on their panel. I'd love to stick with my solicitor and would even be willing to pay the £275 fee to do this, but I wondered whether dual representation would mean that the process would be much…
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Is this normal?
Hi All, Accord have been giving us the run around now for over a month. Our broker submitted the application, very confident (we're already customers). Then they requested more information, fair enough, new changes etc. We provide absolutely everything requested. They come back and don't offer us the full amount, due to…
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Remortgaging woes with Santander
My wife and I really feel quite deflated right now. We are/were trying to remortgage our home with Santander (currently with another lender) because we have renovated our house. We put in our application with our broker around 9th April. Apparently somewhere in between our account got 'deleted'. Got it reinstated about 2.5…
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Retention from mortgage
Evening everyone, I am still awaiting an offer of a mortgage - few months into the process. Have finally heard today that due to work that needs doing I may get a offer but it will be for £5200 less than value of the house once work is done. Valuation company are currently in the process of reducing their valuation (which…
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Mortgage payment horror
Following a spell with my leg in plaster and reduced hours at work, I called my mortgage provider (with whom I have arrears on the account but am paying off an agreed monthly amount on top of my regular payments) to see if a temporary measure could be put in place for a couple of months, while I got myself back into my…
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Do any high street lenders loan on single brick width properties?
Hi just received our Lender's valuation report and they are saying that the back wall of the property I wish to buy is only a single brick wall with a render on top. I want to extend the property removing the dodgy wall anyway but I need to be able to get a Mortgage to buy in the first place. Would a Restoration Mortgage…
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Process Length of Transfer of Equity
Hello everyone! I wonder if anyone can offer some advice please and/or share your own experiences, please? My situation is this: I own and share a property with my brother and have done for about 3 years. We have a joint mortgage with The Woolwich. The time has now come for me to move out and buy a place with my partner as…
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Can I cut the mortgage broker out (estate agent insisted I see him)...
I viewed a property and the estate agent was very keen that I see their in house mortgage broker to check that I had the best mortgage deal. The mortgage broker found me a better deal and higher mortgage and printed me out a mortgage promise. He didn't mention payment and i signed nothing. I decided not to purchase the…
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Can you extend a mortgage offer?
Can a mortgage offer be extended by say 2 weeks if you have went through all checks, survey everything but there is a delay in a chain and the offer needs another week to complete?
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Skipton Building Society
Just wondering if anyone has any experience with them. I have not been living in the UK for the last 3 years consecutively and have been advised by my mortgage broker they are the only ones who will give us a mortgage, apart from Halifax (only 2 years though). Would really like to hear peoples thoughts on SBS. Thank you.
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Valuation Report
Had my valuation carried out yesterday and spoke to the lender today who confirmed that valuation matches sale price but they are just waiting for the valuation report. Was just wondering in people's experience how long does this/ should this take? Thanks in advance:)
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HTB for FTB or not?
Given my situation here >clicky<, I'm looking at what to do. My original plan was to escape from my parental home in a real rough area and buy my own house albeit a smaller one in a nicer area. I would be looking at £250k homes (that's lower end of the market) with 10% deposit. The plan was to then move to a larger house…
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Buy-to-Let interest relief.
Just received the excellent Buy-to-Let Mortgage guide. We have owned a rental property since 1992 and don't ever appear to have received or claimed mortgage interest! The taxman works out our liability. We did do a tax return every year, but as it was the same every year, they said no need to keep doing one. Spoke to the…
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HTB Equity Loan and mortgage providers
Hi All, Just after some advice as we're starting to look at new homes and hoping to take advantage of the government htb equity loan. My biggest question is regarding mortgages and how much we could borrow and realistic costs. Now I know since MMR the amount we can borrow varies wildly between lenders but what I can't seem…
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Credit check on completion
Hi All, Buying a new property, had the valuer out yesterday, so hoping to have an offer today or tomorrow - looking to complete next week, all going well. My question, really, is as the title: Will they carry out a credit check on completion, or can we be pretty confident we're in once they offer the mortgage? Need to…
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gifted deposit inheritance
We're in the middle of our mortgage application at the moment and using a gifted deposit from my partner's late grandfather as part of our deposit. The inheritance was given as a cheque so only the cheque number shows on the statements. His auntie as the executor has written a letter explaining the money as a gift. The…
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Life Cover
Hi, Just got an offer for a mortgage, but i was asked if i would be taking the life cover with the mortgage and whether i would take the basic cover or the cover with critical illness. I have said that i would take the basic one with them as it wasn't too bad (it is a reducing term one). But can i just get another after…
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Tricky situation
I just found out my fiancee and her brother have got a mortgage for their family home. I knew they were looking to buy a place but figured it would be in his name. It was probably for convenience to obtain the mortgage. Is my fiancee now locked into it? Could she remove her name from the mortgage later on? Will it affect…
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Retention products based on new affordability rules
I've suddenly become a bit concerned about our chances of getting a good retention product. Can someone give me their opinions: Facts: Mortgage with Santander Mortgage: Should be about £65k next year when we remortgage House value: £150k Duration: 10 years, again next year Things in my favour: Been overpaying the mortgage…
