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Do remortgage applications really take 3 hours in branch?
Having looked around for a number of weeks regarding our remortgage application, we have decided upon a product from the Nationwide. Having contacted them to make an appointment I've been told that we need an initial affordability interview, taking approimately 1 hour to be followed at a later date by a 3 hour interview.…
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Joint second home mortgage?
Hi All, I currently have a first-time buyer mortgage for a flat which I live in, with £135k outstanding. This is not a joint mortgage, and was obtained with 15% deposit. In the next 6 months I would to take out a joint mortgage with my brother (in addition to the one I already have, and not affecting it), on a property of…
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2 Questions about Natwest mortgages
Hi, I would really appreciate some help here. 1. For a Natwest home mortgage taken out in January 2011 (referring to an Approval from November 2010): Is interest calculated daily, monthly or yearly? 2. There always appears to be a discrepancy between the outstanding balance figures on: A. The Mortgage section of regular…
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Decision in Principle - Nationwide
Hello Further to my previous post, I applied for a DIP with Nationwide and they declined my 90% LTV, however, they accepted the DIP with 85% LTV. My deposit will be gifted which the Broker is aware of and I assume has passed this information to the Lender. My question is Nationwide did a full credit search at the DIP…
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Arrangement fees on mortgages
I was called today and told I could claim back my arrangement fee plus 15 years worth of interest from my bank, Is this a real thing? I'm dubious because the company wanted my card details and £995 up front..any help out there please
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Consent to let & new mortgage with same provider
Hi everyone Myself and my partner own two properties and each have a residential mortgage. My partner is selling her property and we are buying together a new property. She is porting her existing mortgage over to the new property, and we are applying for additional lending to purchase the new larger property. The mortgage…
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Santander phone interview
We had a MIP accepted so we put in the full application but got a call a couple of days later saying they can offer us the mortgage but less than we asked for which was no good to us. She admitted we can clearly afford it so she had to speak to her boss who said no we can't have it so we decided to appeal which they were…
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Time estimate please - changing names on title deeds
Hi - I'm not really sure where this post should go... I want to know how long it might take (assuming no delays anywhere) to change the names on a property's title deeds. If I was going from sole name to adding someone on and making it joint names. How long might this process take do you think?
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Moving mortgage to another property / deeds change
Hi. I own a flat which is currently rented out. The flat is in my name only as is the Nationwide tracker mortgage secured on it with approx 80k left to pay over 25yrs. This flat is declared through my tax return (rental income etc.). I live with my husband and son in a house which is mortgage free. The deeds on this house…
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Mortgage
Lloyds made us a mortgage promise which was subject to the information we provided being correct and the property being assessed..........we have accepted an offer on our property and we found a property, we went to them to arrange the assessment and they are now saying that THEY made a mistake and can't lend us the money,…
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Nationwide mortgage confusion
Evening all, Looking at purchasing a property ASAP really. I went to Nationwide to get an agreement in principal as I thought this was the standard process. They however sifted me off to an "I am not a mortgage advisor" for a brief affordability check and was told an AiP would never be given before you'd put an offer in on…
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extending mortgage term
we have 15 yrs remaining on our current mortgage. My husband was made redundant 18 months ago and has been trying to set himself up as self employed for the last 12months. We have informed the bank that we will continue to struggle to meet our current monthly repayments due to our significantly reduced income and have…
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Endowment Maturing
Hi Everyone My endowment cheque is on its way. I have enough to cover the interest only part of my mortgage with some left over. I am going to use remaining to pay off some of my debts. I would also like my mortgage lender to reduce my monthly payment as I want to use this to pay off some debts. Will they do this? I don't…
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buy to let ,no min. income :(
I'm looking for a buy to let mortgage for first time buyer /without own property/ currently renting a house. but I don't have 25k income :( , my salary is 18k gross ,I have a 25% for deposit. can I have a chance for this type of mortgage ?
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Thinking about getting onto property ladder - IMPOSSIBLE!!
Hi everyone, me and my partner are thinking about getting onto the property ladder. We have always been pretty good with money, never been in debt, never missed payments on finance etc and always had at least some money to fall back on when required. Currently we are living with parents. Our combined income works out at…
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What happens when a mortgage guarantor dies?
Hi. I've read a few threads on this but nothing is giving me a close enough idea to my exact situation. Hoping someone here might be able to give me a little advice :) Fairly simple situation. Father is guarantor for at least 4 mortgages belonging to my brother. My father is losing his health and I am worried as to what…
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Mortgage for a new build?
Hi all Just a couple of questions on how getting a mortgage for a new build works. - If house isn't ready until June 2015, when do you apply for the mortgage? - If you have to move into rented accommodation (due to waiting for house to be built), how does this reflect on the electoral roll, and ultimately chances of a…
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First offer rejected etc
We went in with a first offer (London) in writing for a property which was 4% below asking, and was a fair price based on an identical very recent comparable that sold, and the indisputable fact that the rises that were exhibited earlier in the year are well and truly gone in Q4 (evident given there are numerous properties…
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Impact of having a second 'self build' mortgage
Hi - I am looking for some guidance. We are looking to move home at some point next year but in the meantime I am looking at a project to buy a small plot of land and build a couple of properties (to then sell on) using cash and a self build mortgage to finance the project. My concern is that we may not have finished this…
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19 mortgages needed, point me in right direction
Hi I'm 19 and weeks away from completing the renovation on my first property which will be rented out for £475 PCM with a tenancy agreement for 5 years, which I own outright and will be worth £90k+ once finished. I'm looking to buy more properties soon to rent out but need someone who can help me find good mortgage deals…
