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Do I Have To Let Mortgage Company Know If Changing To Self Employed?
Hi :) I've been reading on here for a while now and people give really great advice so I'm hoping someone can help me. My husband and I have had a fixed rate mortgage now for 4 years and have never missed a payment or had a change in circumstances. However my husband now wants to follow his dream of becoming self employed.…
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General advice on potential first commercial property investment
I've just finished my first investment which involved redeveloping a rundown property into holiday lets, and was looking to re-invest my profits into a further holiday let. Having search around in my local area for potential investments one that caught my eye was a mixed use property, with 2 seperate restaurant premises on…
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Valuation - Post Office Mortgage
I’m a first time buyer and currently going through a mortgage with the Post Office/Bank of Ireland. When it comes to the valuation stage does the Post Office contact the estate agents directly to arrange this?
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Mortgage Application / Equity Release Questions
Evening all - I'm a first time re-mortgager so apologies if this is basic stuff, but hopefully someone can help me out. So, we bought a house in 2011 on a 2 year fix which ended in November last year. For one reason or other I am only now getting round to sorting a new deal, which I want to be a 5 year fix because we have…
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Remortgage to pay off Debts ?
I may be in cloud cuckoo land but what are the chances of this ? House bought in Feb 2012 for £332K. Mortgage at moment left to pay is £236K. However reckon current house price is approx. £360K what with natural price rises. We have joint income of £54K, however debt (CC, Loans, OD) of nearly £48K. Debt is going down each…
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How much we can borrow?
How can we get a good indication of how much we would be able to borrow on a mortgage? Thanks
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Transferring mortgage offer to new property - what if we need to borrow more?
We had a mortgage offer from HSBC but our seller withdrew from the sale prior to exchange and we're now looking for a new property. I informed the bank who have put the mortgage offer on hold subject to us providing details of a new property. I asked if we would have to reapply and go through underwriting again and the…
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Natwest Application
Hi We applied for our mortgage 3 weeks ago and so far had very little feedback. They asked for a few bits from me (original bank statements as they wouldn't accept online and my P60 as they didnt like the look of my payslips!) Every time they have asked a question it takes "3 working days" for them to do anything with the…
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Our Buyers
Can anyone please confirm that they have heard this before. Our buyers are using Leek United BS to buy our house. They have sent the documents off to the Leek plus a few additional ones missing. We are now waiting for the survey. The mortgage offer could take up to 10 weeks!! Their broker said that once the valuation comes…
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Optima
Hi Guys I have received a text stating that Natwest have instructed them to carry out the legal work for them. Also that some documents have been sent to me to sign and to return asap. Does this mean I have had my mortgage offer accepted? Can't get hold of broker as she is away for a few days. Many thanks Kelly
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HELP! AIP without credit search? Halifax?
Hi All, Cany anyone advise whether Halifax still only do soft searches at 'Mortgage Promise' stage? Having a nightmare due to not yet being on the electoral roll as my application is 'in process' between the government and the local council, due to clear on the 1st August (if I can rely on what they say!) Want to get the…
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The day is nearly here!
Hello to all on the mortgages & endowments. Well after months of trying to improve our credit files me and my partner have our appointment with our recommended mortgage advisor so that we can get a remortgage to remove my ex husband from the property. We have cleaned up our files the best we can. My partner's bankruptcy…
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Claim back mortgage arrangement fees for delays
Hi, I am stair-casing/remortgaging on a flat - with valuation valid for 3 months (12.5 weeks) while the process itself takes 6 to 8 weeks - leaving about 4.5 to get a mortgage approved and start the process. I got a mortgage refused by a first bank (HSBC => time wasters); I had contacted Barclays already and submitted…
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Buying Additional Property With Mortgage/Current Owned Outright
I originally posted this question in the House Selling and Renting forum but on second thoughts it might be more correct to ask here. This is currently just an idea I have. I own a property outright but am considering purchasing a new property as my main home. The first property would then be put up for sale. I have heard…
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Mortgage broker confusion??!!
Hi, My partner and I are in the process of applying for a mortgage for the first time. We have a 25% deposit to put down on a 245,000 property. The property is my Nan's house who has been in care for the past four years. For the last three years my partner and I have been living here paying rent to my parents who have…
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CC or loan as debt?
When applying for a mortgage, does it make a difference if you have £10k of debt on a credit card or a loan? Are lenders more likely to lend if debt is a personal loan? Debt is debt at the end of the day!
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What paperwork do I get when I redeem my mortgage?
I have recently arranged the redemption of my mortgage over the phone with the Co-op, transferring funds from my bank account direct to the mortgage account. I was expecting to receive a closing statement, detailing how they came to the redemption figure they quoted and a copy of the deeds to the property with the charge…
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Part ownership/sub-prime Mortgage lender help please
Hi I am trying to find mortgage companies that I can at least apply to. This is my story: I currently own a 50% share of a house valued £180k. My exisiting mortgage balance is £20k, so I have approx. £60-70k equity. The other half is owned by a Housing Association. I have two defaults on my credit file. Two joint Barclay's…
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Seeking a Broker
Not quite sure what the forum rules are about recomendations but can anyone point me in the direction of a reputable whole of market broker that specialises in / has experience with adverse credit in the Buckinghamshire area. Thanks muchly :-)
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Loan to value fee refund
Could anyone give us some advice as the whether we would be able to have our LTV fee refunded. We took out an endowment mortgage in 1989, this was for 100% of the value of the house therefore attracted the LTV fee. In 1999 we remortgaged with another building society offering a lower interest rate, because we were paying…
