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Advice please re advance on Mortgage seperated from mortgage
Afternoon all, I was just wondering if anyone could give me any advice. My mum took out a mortgage with Nationwide back in 1999 as a first time buyer. She wanted to borrow additional money for home improvements. Nationwide agreed this but supplied the funds as a separate loan. My mum assumed this was the norm. The property…
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Wife now Self-Employed...
My wife was made redundant and started her own business in March... so far we haven't told our mortgage provider. I am in full time employment and am managing to just about cover the payments and cover the family costs, but money is very tight. Do we need to let the bank know? Will this cause us problems/help? Advice would…
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Mortgage early repayment fees ...
Grumble grumble .... Recently discovered that with 6 month on my fixed term mortgage my early repayment fees are £2551 ! Annoyed doesn't even come close ... I was fully expecting some fees but not that much . Wouldn't mind so much if the rate we were paying was something really low and special that the bank had done for us…
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Mortgage through broker rejected?
Hi all, I was just wondering how often mortgage applications that go through brokers are rejected? Of course providing that all of the information has been given to them correctly? Do lenders still surprise you guys or do you usually know what a client's chances are? Sorry, I'm in the midst of the long wait and driving…
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Mortgage company surveyor undervaluation
The house we want was on the market for £295,000. We made an offer of £288,000 which was accepted. We went along to Santander, where our current mortgage is held. We did all the paperwork, putting down £50,000 and taking a mortgage of £238,000 - it went to the underwriters and everything was agreed but was told their…
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I need a mortgage, i think!
I have a strange little situation... A year ago i split with my husband, i kept the marital home and he got the second home and the business. The marital home had £95k mortgage outstanding. I went and set myself up as a Ltd company, got a contracting job and all was good. Next, i wanted to get husbands name off the…
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Advice Re ReMortgage
I wonder if you can provide some advice on the following please:- What would be the chances of being accepted for a remortgage on the following:- House worth £195,000 - £200,000 Current mortgage £128,000 Want to borrow £150,000 for house improvements and consolidate a loan taken out for house improvements Joint monthly…
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Can i buy a percentage of my mums property?
Hi, My mum has moved abroad and is wanting to buy over there. she owns the property in the uk 100% so there is no mortgage on it. I was wondering if i can buy a percentage of the property (whatever i can afford!) without her being on a mortgage. so that she can buy somewere abroad but still have some property here. i…
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Halifax mortgage & credit score
Hi y'all, Have a couple of questions related to a potential mortgage with Halifax. I went (a couple of months ago) for a mortgage interview (with Halifax) and was provided with an Agreement in Principle / Decision in Principle / Mortgage Promise. They use a rating calculation that (I think) goes like this: A - Halifax will…
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Getting fed up!
Three weeks on Friday since first FMA went in to NW, that failed on submission, despite DIP being in force, due to a technical error. Thursday (two weeks tomorrow) the FMA was re-submitted, the funds for survey were taken from my account over a week ago. Last Friday they requested 'better' copies of some documentation,…
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Online Bank Statements?
Hi All My broker would like my past 4 months bank statements. As I bank electronically with Halifax, I don't receive paper statements. I've only just realised that Halifax don't let you access monthly statements online either. You can do a search for a period of time and print of a statement between 2 dates. I've done 4…
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Very worried... Aldermore need to speak to me before completion on Friday.
Hi, I've just received an email from my solicitor stating that Aldermore have refecied the request for the mortgage advance in order to complete on Friday but that they wish to "speak to one of the applicants before completion". As you can imagine, this has really concerned me! Has this happened to anyone before? I took a…
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Woolwich mortgage- buildings insurance necessary??
Sorry if this question is on the wrong board, wasn't sure if I should post it here or on the house buying one. Basically can someone shed some light on the matter? Everything (literally) is in place to exchange contract, the only niggle is that the vendor hasn't been keen to get the building insurance and thus, our…
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Conveying
I'm confused as to when I need to find a convayencer as my mortgage lender says to get in touch with one when applying for mortgage and then I have read that I need one before applying for a mortgage. Please help as getting mixed messages.
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I don't understand my Mortgage payments
Hoping somebody can clarify, as I just don't understand. I'm on the help to buy scheme having provided a deposit for 8,000 on a purchase price of 136,000. When my mortgage payments of 650.00 Natwest take 540.00 away. What's this for? Where is it going and why? I had assumed 650 would just come out every month and chip away…
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Help Please RTB
Hi wonder if anybody can help with this: We have a RTB from council for our property valued at 120k our purchase price 55.2k which is great, the problem is I'm self employed (7 years ) & partner does not work, my earnings are from a sole trading company & I also receive divis from a ltd I am a 50% shareholder in, I am…
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Critically Ill Parent - Mortgage?
Hi guys, Well, about a month ago my Mother has been diagnosed with cancer. After reading up on the cancer she has and the stage it's at, unfortunately it looks like she will only have around a year to live. I'm 27 and still live with my parents (Mum and Step Dad) and I'm a little concerned about what's going to happen when…
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Mortgage dilemma
Really need some objective advice. My partner and I have found a house we love, after looking for months. We are moving area in order to be able to have improved accommodation etc. We are using the family broker to search mortgage deals. My partner has 2 children and due to health issues has been unable to work recently…
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Northern rock together mortgage
Hi there I wonder if any one can help. I have the horrid together morgage that was northern rock. I wish to remortgage my house to a new company. Trouble is I'm in a payment plan with step change after getting into some financial difficulty. This means my credit rating is appalling. Does this mean I'm stuck with the NRAM…
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Okay to make one-off purchase 3 months ahead of application?
Hiya, I recently married my partner and we're looking to put my name on the mortgage and increase it in order to build an extension. I'd like to spend £800 on a laptop, but we'll be going to the bank in approx 3 month's time to increase our mortgage from about 110k to 180k. I'd be really grateful for some advise on whether…
