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Borrowing lending limits
Hi all, Received a call today from Natwest (our bank) stating the maximum amount they would be willing to lend. Its little less than what we need. I am pretty sure their lending criteria is 4 x income. Are there any lenders who do more than 4 that we may be able to approach. Many thanks
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Equity Release Mortgage interest payments?
I have a query regarding a Halifax Retirement Home Plan Scheme. A relative of mine has one and his son pays the interest on the loan to Halifax by direct debit. My relative is the sole named borrower and receives annual statements with the account details of the payments made by the third party. There is no mention of…
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new mortgage deal question
hi i am nearing the end of my 5 year deal and i was just wondering what happens next in relation to being offered a new deal, will my existing provider offer me a new deal? if they do do they undertake a new valuation as my LTV may have improved if the value has increased?
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Halifax Mortgage timescale?
I am a FTB, buying a local authority flat with a RTB. The lender is Halifax. I am self-employed and have had a Mortgage in Principle. I had a surveyor from the bank coming around last week, and no contact from the bank for a couple of weeks. Apparently my full application went in on the 11th of February. I called the…
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Nationwide Mortgage - Time frame
Hi, Just a quick thread to see if anyone is aware if Nationwide are currently behind with mortgage applications? I have been waiting since 09.02 to get an answer whether my husband and i will be accepted. They have done the credit checks and approved some of the requested documents that they have already requested, however…
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FTB Refused AIP due to electoral roll
Hi, new here Myself and partner have been refused AIP by my bank Natwest due to credit. The said they were unable to offer us the 5% help to buy 2 guarantee scheme as didnt qualify due to credit. My credit score with experia is 974, my girlfriends is 924. ?Neither of us have any outstanding debt, i have a £3000 credit card…
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Additional Borrowing to buy someone out
I know this may be a "How long is a bit of string" question, but wondered if anyone knew. Once I apply for the additional borrowing, how long does it normally take for it all to go through and me have the additional money to give to the other person?
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Help AIP calculated incorrectly by MA
AIP agreed over phone 18/02, Full app accepted for processing 23/02... Just had a phonecall from lender saying the AIP was incorrectly calculated. Due to having 1 child already and being pregnant with another, the Mortgage Advisor only put down 1 dependent but apparently should have put 2. Based on this they are only…
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Not been in the uk 3 years
Hi myself and my girlfriend have reserved a new build we are hoping to purchase with the help to buy scheme , the only issue is that I have only been in the UK a little over 2 years but I am an Irish citizen, is being here less then 3 years likely to be an issue for lenders? If it helps my girlfriend is a UK citizen and…
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Getting a mortgage on a flat above a shop?
I've seen a flat above a shop in the area where I already live. I was just wondering how easy it is to get a mortgage on this type of property? A few have came up over the last couple of years and they are much cheaper than similar size flats that aren't above shops? The flat is on for 80K and I'd have a deposit of around…
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Sell or Buy out? Help needed
I am in need of some desperate help, I have no family to turn to advice from, only my ex’s parents (who of course have her best interests at heart) and I feel lost and confused (mainly because for the last 10 years my ex has sorted everything out) It started that at Christmas my now ex cheated on me, decided that was that…
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Remortgaging, Is this possible
I have an offset mortgage, at 3.79% its fixed until Dec 2018 and has a £7.5k redemption fee atm. My house is worth c£400k mortgage is £146k so 36% LTV Would it make sense to take out a new mortgage to get the LTV to 60% and offset the new mortgage against the old one? I am with Chelsea, so figures I am working with are:…
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Re-Mortgage - Offset or Repayment ? Advice would be appreciated
Hi All, I'm finding it difficult to decide which direction to go in with my re-mortgage which is due any time now. We're currently with First Direct. We have been on an Offset for the last 3 years, and we've done quite well with it (IMHO). We have no debts at all, except the mortgage. We have been paying the Offset as…
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Should we pay off our Mortgage?
Hi, we need some advice as to whether we should pay off our Mortgage in full? We are due to inherit around £170k from my late father in laws estate within the next couple of weeks. We currently have just under £120k outstanding on our mortgage (we are out of a fixed term so won't incur any early repayment fees). We have no…
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Continue with offset or switch to repayment?
We have had offset mortgage for many years with First Direct, current fix at 2.88% ending next month. Mortgage amount £292,000, house value £525,000 (2007 pre-crash figure!) 17.5 years left to pay. We have £100k + in savings offsetting our mortgage. We are considering switching to repayment 10 yr fix at 2.89%, or continue…
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URGENT!! Miss on application not Mrs
I need some advice urgently! we used a broker to gain our mortgage offer through Santander. Everything has been accepted and its with the solicitors now. Valuation came back fine. Ive just noticed on my mortgage offer that I received through the post that it says Miss and not Mrs. Ive spoken to my mortgage advisor and he…
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Forced to use a solicitor?
Will try to be brief. Ex buying me out of flat. He and his wife have a remortgage agreed which will pay off existing mortgage and also buy me out. All good so far. Their remortgage is with the Halifax. THey use Enact to do all their remortgage and conveyancing work. They have told my ex I must have a solicitor. Four…
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feeling in limbo..
found a property we love, approached MA End of January he ran relevant checks and came back with a dip from NatWest the next day and told us to go ahead and make an offer fast forward 3 weeks after instructing valuation they declined their offer :mad: after the MA Was almost certain we'd get an offer with them, MA could…
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Remortgaging and offsetting
Hi, has anyone ever remortgaged to raise funds for school fees and then held them in an offset account against the mortgage, only drawing down on them as and when required? Is this possible? Thanks
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Husband is registered on the CIS advice needed
Hi all, We are looking at moving home. I am in permanent employment 30 hours a week and my husband is a sub-contractor but is CIS registered since he became a sub-contractor in December 2012. He has been sub-contacting to the same company for 5 months now. We have spoken to a mortgage advisor who is saying we have to class…
