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Why use a broker?
We're just considering moving house and wanted to understand what the pro's and con's are of using a broker. Last time around we used L&C and to be fair they made the process seem quite smooth - I'm not sure the deal was the best (fixed for 5 years at 5% interest rate) but I'm not sure anybody could have predicted what…
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Where are bank and intrest rates heading?
Can bank and intrest rates go any lower and where to? (Talk about negative intrest rates) or will they rise and if so a prediction on why and when.
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Flat selling to relative
My wife and I are just about to put our flat on the market for £125k. We owe £64500 on the mortgage. My mother is planning to sell her house in 2 years, downsize and put the excess into a buy to let flat (the profit would go into a pension pot for me). She should get £300k for her house. Would it be feasible for her to get…
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Formal offer to completion... How long?
Hi all, I'm a FTB purchasing a percentage of a Shared Ownership property, completely chain free, I am with parents and the property is brand new. We received notification today that our formal mortgage offer is in the post. How long from now until we can move in?!!?
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Halifax DIP application!
Hi, can anyone help me 'decode' this? This is my first EVER, any-type of mortgage application. Basically, I went through the 'mortgage promise application' yesterday, and not knowing whether I would get a yes or a no (but expecting one of those!), instead, I have received the following reply: 'Following your recent online…
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Santander mortgage in principle
we've just had an agreement in principle through santander from our mortgage broker and had our offer on the property accepted. Do santander do a full credit check at the agreement in principle stage or is it just a soft footprint on my file? How long does the process take as we are first time buyers? Thanks
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Finance for doing - up property
Is there anyone out there that can give me some suggestions on who/what to contact in order to get pre-aprovement on a property about to go on Auction? The thought is also to get further finance for improvements after the sale. Thanks.
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remortgage
i own my property (no mortgage) house worth approx £130 and would like to borrow £15k against it to pay off loan and home improvements (hopefully over 15 years). I am aged 55 and on a debt management plan. Is there any way I am going to be able to borrow please?
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Santander Online Mortgage Service??
Hi All, I am new to the forum and have a query... I have a mortgage with Santander, but I am struggling to find out how to register for their online mortgage services... I just want to be able to do what you guys do and view the repayments, balance and make overpayments!! How/where do I sign up for this? I have trailed…
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Confused over mortgages & new build incentives
Hello all, our previous house purchase fell through at the weekend, so we decided to go for a new build near us. The house is built and has been decked out with carpets/turf/better fixtures/tiled floors etc etc to get a sale. I am a bit confused over LTV of the property and also incentives and would like a quick bit of…
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Non standard Mortgage
Hi, I have a mortgage with London Scottish - who has just been taken over by Target Residential Loans Limited. They have zero web presence which I find a bit disconcerting for a company that has taken over my mortgage. Anyway, I am looking to try and get a better mortgage deal out there, but I am unable to find a lender…
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Mortgage Offered...now what?
Hello, My broker has sent across our mortgage offer from Nationwide, obviously my partner and I are happy with it and will be accepting it. Question is what do I do now? Do I contact my solicitor to let them know or do I wait for them to contact me?
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Becoming a broker
Hi Folks! Long timer lurker to these boards but first time poster! I currently work for a main High Street bank as a mortgage adviser, and I'm looking at the possibility of jumping out of the "safe zone" and flying solo! I was wondering if any of the regular brokers that post on here can provide some insight as to the…
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1 Late Payment
Hi, Will 1 late payment settled with in 30 days in December 2013 have any significant impact on a New build HTB mortgage application? Gutted about it really is it was a case of cancelling a DD in error after thinking we had paid the complete balance.
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Worst case scenario
Trying to get a mortgage on 5%, if the credit agencies screw up (again!) and still 'forget' to remove a default that was applied in error (They didn't follow their processes properly) ... if that happens, so I have one 'settled' default... who am I likely to be able to obtain a mortgage with? A higher deposit it not an…
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Deposit is profit of sale
If I sell my house and make 100k profit. Then that is the deposit for the next house. How do I pay the deposit on the next house, when the contracts are exchanged, as I won't receive the full payment for the house until we complete? I don't have 100k lying around to pay the deposit in between exchange and completion. What…
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awd finance..northern rock
Hi, i received a letter a while back concerning the advisor who sold me my mortgage just before the rates crashed. They asked me to contact them. Unfortunately i lost all their details. Who should i contact to find out if i have a case please?
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Mortgage taken out but Spouse passed away
I have a joint 7 year mortgage - capital and repayment with TSB for £220,000.00 which my husband and I took out in 2012. He died suddenly in 2013 and the house is now on the market for £850k but hasn't sold yet. I am retired and don't have an income. I have money to cover the mortgage but im wondering what the best cost…
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Transfer of equity queries
I have some questions about transfer of equity and would appreciate some advice. Will try to keep this as short as possible, but include the relevant info. House value - approx. £200k Outstanding mortgage - £110k Currently mortgage is joint with my OH but I wish to buy him out, he's fully in agreement with this. I put in…
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Mortgages for new build flat - first time buyer
Hi I am in the process of buying a new build flat and the developer told me that they do not accept the help to buy scheme. Their mortgage adviser said that I need a 20% deposit. My income : £45,000 New build flat value : £211,000 No debts, no student finance, good credit score, no children. Would be looking to get the…
