-
Nationwide's free standard legal fees
Does anyone have any experience of Nationwides free standard legal fees. I'm deciding between 2 products with 2 different lenders. One product has a rate of 3.19 over 5 years with £500 cash back but doesn't include free legals. The Nationwide product is 3.04 over 5 years with "free standard legal fees". The £500 cashback…
-
Buy two properties
Hi, I have recently sold my flat and bought a house with the profit I have made. Having made a large profit, I have the fund to buy another place for investment. How long do I need to wait before applying for another mortgage? Many Thanks, Vijay Thakrar
-
Mortgage redemption fees
Does anyone have a rough idea how much a redemption fee is please. Current mortgage is being paid off, new one getting (same provider if makes a difference?), current mortgage is on a SVR now at Halifax. I can check my balance of current mortgage, but says not including redemption fee. Any idea how much these fees roughly…
-
Incorrect redemption statement?
I have recently remortgaged and believe that the redemption statement given to the solicitors by my old lender was incorrect. The figure doesn't match the amount on my mortgage statement. The new mortgage has completed but I plan on contacting my old lenders to double check the amount on the statement. I just wanted to…
-
Halifax underwriting - should it take this long?
Hello everyone, this is my FTB story: Had DIP from Sandtander back in September/October; Offer accepted on 22 October; Had hellish hour and a half interview with Santander on 30 Oct - and they changed their mind and decided not to offer us a mortgage :( ; Soo, we rang a broker and he got us a AIP from Halifax on the same…
-
Buying from In-laws
hi, Advised to move to this thread.. Ok i live in Scotland.. My husband and i have been living in my inlaws (husbands parents) house for 4 years, they have now decided to let us buy the house buy gifting us equity to help. My husband has very bed credit so it not able to go on the mortgage application. he does not want to…
-
MMR - Nationwide Switch
Hi, Does anyone know/have any experience of whether switching mortgages with Nationwide, requires going through the full (post-MMR) application process. My fixed rate deal is coming to an end end of February and I know exactly which of their products I want to switch to. I'm financially literate and don't want\need to be…
-
Precise mortgages valuation to completion times?
Hi im a first time buyer and had an aip last week with precise. The full application was submitted 4/11 and today agreed the valuation of the property. Has anyone dealt with them Recently looking for avg turn around times from Valuation to Completion :) Thanks for your help
-
2 year fix ends May, moving abroad for 3 years
My flat is currently worth about 150K, and I owe 121K. I have only owned it for just under 2 years, and my FTB mortgage 2 year fix is up in May. I am with Britannia I am considering a move to Australia for a 3 year fixed term contract, which pays enough that I could keep paying the mortgage on my flat without needing to…
-
Lease extension at sale time
Hi, I am buying a flat which has quite a short lease term remaining (<60 years). There is a management company in which all the flats in the building have equal share, which owns the freehold and my understanding is that renewing the lease is a formality. When I made the offer, the EA have agreed to, and confirmed for me…
-
Santander Mortgage Stuck on Standard Rate
Can anyone help us please ? We have had a Santander (formerly Abbey National ) mortgage for over 12 years. We have NEVER missed a payment despite my husband being made redundant. For the last five years we have been on a debt management plan with Stepchange and have kept up with the agreed repayments to other creditors.…
-
Do I instruct searches yet?
Received letter from solicitor today regarding house purchase. She is requesting payment for the searches in respect of the property but I am still awaiting the valuation from Nationwide (apparently this was instructed last week but has not yet taken place and I have not had notification) My solicitor says these searches…
-
old building and a mortgage?
Hey guys I've seen a derelict old persons home which will go on auction soon. But it's in a bad condition from the inside. It's been vacant for many years. It will need a lot of working doing including electrics walls, flooring etc. I plan to buy it for dwelling. Fix it up and move into it. So it will be vacant when I buy…
-
Short term answer to short term problem???
Mortgage deal with Santander ends December...it was quite a juicy rate.Interest only....House value £125,000.....Mortgage £61,000. £20,000 of short term expensive debt to clear up.Mums house going on market as now needs sheltered housing....my share £100,000...very desirable property....will sell quickly.. Can I use that…
-
Temporary Contract problem!
I am currently in full time employment and my partner is in a fixed term (maternity cover) contract. We have a deposit of £20,000 and are looking at properties for around £200,000. We did an online mortgage in principle with Nationwide (who we save with) and got rejected. When I investigated further they simply said it…
-
Surrender Endowment Policy
Hello, I have a 25 year endowment policy and have made payments for 18 years and 10 months. I want to surrender it to pay off some debts. There is no mortgage against it but I'm worried that I'll have to pay tax. I have been told that as I've had policy for more than 10 years that I won't have to pay any. Is there anyway…
-
Getting Ready for a Mortgage
Just a quick question, may partner and I are looking to possibly get a mortgage next year, as we have the option of a gifted deposit. In relation to our credit files, I put all of the household spend through my credit card which results in a highish balance month to month. This is paid off in full every month. In…
-
Self employed for a year and wanting to buy?
Hi everyone, I am hoping you can perhaps steer me in the right direction as I honestly have no idea where to even begin looking for more information! My mother and I are both self employed and would love to be able to invest in a property, either as a buy to let or perhaps for us to move into however we are aware of the…
-
Mortgage - DLA, Income Support, Incapacity Benefit
Posting on behalf of a family member that is on Disability Allowance, Income Support and Incapacity Benefit. They own their own property mortgage free, value around £225,000, and wanting to do some home improvements and looking to take out around £15,000-£25,000 to complete these. I realise there is a £10,000 difference…
-
Mortgages, where to begin
My partner and I are beginning to talk about mortgages and I was hoping to get some advice here from those with experience before speaking to someone official like a banker etc. At the moment we have combined savings of about 30K, with a combined annual salary currently at 50k. My girlfriend has a base salary of 25k, but…
