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Remortgage advice required please
Hello, Cam anyone help with some advice on a possible remortgage, me and do have a mortgages at £171,000 and and second secured mortgage of £24,000. I am looking to see what are options are to remortgage, can I assume the remortgage would be to pay of the 2 existing mortgages, both with the same company ? We think our…
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why do Mortgage lenders care about if you rent your property?
Im considering a number of options at the moment one of which is to let out my property for a variety of factors. I've read that you need to let your mortgage company know if you do this, but I've also read that some then move you over to a more expensive loan rate? why would they do this? are some worse than others? thank…
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Santander mortgage reviews
Hi all, We are FTB's and pulling out of mortgage application after 5 weeks. Partner was self employed until beginning of this year, then started permanent job. Bank have known that all along and are now saying they want one year permanent. Broker is going to key in figures for Santander, to see if we are suitable. I am a…
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Mortgage lender for credit with defaults
We are currently in the process of remortgaging. Both our credit files have a few small defaults relating to a time of redundancy in 2010. Current mortgage with Halifax. They have declined our application. What other lenders could we try? Are there lenders out there who would consider us with old defaults? We have good…
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Mortgage Overpaying
I'm keen to make a lump sum overpayment on my mortgage but am unable to reduce the term as I would like to because my job is temporary and reducing the term is considered changing the terms of the mortgage. So I read Martin's latest blog with interest. If I was to make a lump sum overpayment without reducing the term or…
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100% Family assist mortgage
Little bit of background - I am an ex bankrupt. 6 years is up satisfied April next year. A friend is an agent and found a great 3 bed house that needs some work doing to it. The stairs need swapping around as currently against building regs and possible rewiring. Everything structural is sound and mostly cosmetic. The…
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Help! Declined mortgage with Halifax due to credit score. What lender now??p
Hi. We are New to this.... Hoping to get some help from the forum. I will explain our situation: We have had a mortgage with Halifax for 10 years now, and are planning on moving house. We have a new home in mind and offer accepted. We did not think it would have been an issue to remortgage with Halifax as we were only…
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HSBC mortgage application
Hi, I'm nearly in tears as I write this..... After 3 houses falling through due to vendors changing their minds/wanting more money, we have finally secured a house that is great for us. We have a good income, 30% deposit, minimal debt and very good credit scores. We've applied for a mortgage with HSBC, £50k less than their…
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Underwriter wants to question some spending on our bank statements - good or bad?
We have been waiting since Monday for a decision after almost 6 weeks. Today the underwriter has referred us back to the mortage advisor as there are questions about our statements. I have been convinced that they would reject us, so I am thinking at least its not a definate no!! Is it a good thing to be asking us…
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Lender wants valuation fee
Hi, I have a Natwest mortgage that's now off its fixed rate so I have looked to get a good deal with other lenders. All have refused based on affordability as you need to demonstrate you can afford it if the interest rates shoot up. I have just arranged to speak to Natwest next week to see if they can help. Hopefully as I…
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How long do I need to keep a house
I have the opportunity to purchase a property at a v good price. I don't intend to stay in the property and once I buy it I would be looking to sell the property near enough straightaway. There would be no mortgage involved as I am purchasing outright. I just wondered if anyone knew of any restrictions in doing this? And /…
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Applied for credit after mortgage approval
Okay so stupidly we have put in an application for a credit card just as we have exchanged contracts. It wasn't planned to be this way we just thought that it would be good to have a 0% card if anything was urgently needed and my partners card deal has expired so she has cancelled her other card. We often have one…
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Nationwide remortgage?
Has anyone done a Nationwide remortgage recently? If so how long did it take and what type of valuation was involved? My broker seems to think it will be a drive-by valuation. Feeling very nervous! Michelle
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Associate Partner, SA302, Mortgages.
Hi, I was wondering if anyone could give me some advice. Long story short, I am currently 'employed' as an Associate Partner for a company (have been for 3yrs). They complete my tax return and pay my taxes on my behalf. Not an ideal situation but thankfully I am going back to PAYE as of next year - I don't really want to…
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splitting title deeds before applying for a remortgage
hi all hope someone can advise me on this. i have a residential property (my home) which has a unit next to it which i now rent out on a commercial basis. the issue I have is that i am due a mortgage review and i cannot find a high street lender who will touch this due to the commercial aspect. As it is residential also, a…
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Getting home buyer survey on mine, what prep should I do?
My house is an older house and the potential purchaser is getting a home buyer report, which I understand it's the more detailed report. Can somehow tell me what exactly is checked, and what I can do to hopefully make sure everything goes ok. Little worried, as lots are suppose, in case something goes wrong, so is there…
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newbie ftb low income help
Hi guys looking at getting on the property ladder got a few questions hope you guys can help me basically I earn 11.5k a year have 2 children get tax credits roughly 8.5k a year. I have seen a property for 77.5k and have 13k saved up and will be putting a 15% deposit down. My credit score on experian is 999 and i have had…
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95% ltv question
Hi there, I am looking to buy my first house with my wife in a few months time and we are hoping to get a 95% ltv mortgage on a house worth around £300k I am a 40% shareholder in a business which is doing well with consistent turnover. I have been a director for 2 years, company is 5 years old. I take about £86k in salary…
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Has anyone done their Santander mortgage application by telephone?
How easy was it to do? What did it involve? What documents did you have to send? etc I am currently with Santander, would like to port but new mortgage will be higher so will need additional funds at new rate. I would rather do it by telephone if I can help it rather than visit the branch as the nearest one from me is…
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when is the monies released
Virgin money buy to let remortgage for 90k has been approved subject to valuation. I will be using 70k as a deposit and the remainder to clear a bank loan. Will they release the money or will it be when I am ready to exchange on the property. Currently applying for Woolwich residential and the btl is providing the deposit.
