-
surveying a property?
Hey guys What's the process during the end of the mortgage? In terms of surveyors and valuers? Does the buyer book both of them? Or does the lender have to do it? Or the seller??
-
Preparation prior to first mortgage application?
So I'm looking for any advice that I can do in preparation to apply for a mortgage, which will probably be in just over a years time. My present circumstances are as follows: Renting with my partner, both in FT work. Our combined income is £34k. I am hoping to be promoted which will see our combined income rise to £45k.…
-
NatWest mortgage in principal rejected excellent credit
Good afternoon We are currently in the process of selling our house and moving on. As part of this process I have tried to get a mortgage in principal and visited our IFA. He stated should be no issue getting a 95% mortgage with NatWest on a value of 165000. He has come back today to say it has been rejected and asked us…
-
EL HTB deposit loan from parents
sorry posted twice
-
Mortgage/remortgage
Hi guys we tried to get a remortgage on our property to borrow a further £30,000 to do a extention, nat west. Three agents valued us at £160,000 to £170,000 however reportage valuation said £135,000 which is only £5,ooo more than we paid and barring in mind we have just put £15,000 kitchen in and £5,000 on new gas boiler…
-
Question: Can I reduce the term when applying for first mortgage?
Hi all, Just a question that I would like some expert opinion on please. Will be applying for a mortgage this summer and between us are annual salary is 41k and we are looking at around the 100k mark so affordability won't be an issue. (No debt or anything) I've just been looking at the monthly payments and we could pay a…
-
anyone with any experience of FD know what they take off for childcare?
looking to move and we are currently with Britannia who do take childcare into account but will allow tax credits and child benefit. I am interested in the FD 10 year fix and we are looking at a 110k mortgage on a possible house value of 220k but have called them and they have advised that they do take childcare into…
-
Deposit Loan from Parents EL HTB
Hello, We have decided we are going to look at new build properties under the EL HTB scheme but we needed to wait for 6 months or so to save for a 5% deposit, stamp duty, legal fees etc on a property at around 300k. However we have fallen in love with a house that the sales person in the office has said is due to be…
-
Changing Application Criteria
Hi All, I am in the middle of a mortgage application with Nationwide. On my application I put an estimated bonus but I can't prove that estimation. Even without the bonus, I still should be able to afford the mortgage (based on their basic online calculator etc) so I (My Mortgage Advisor) have asked if the application can…
-
5 or 10 year fix?
Hi Everyone I know no one can predict when interest rates will rise but im looking at renewing a mortgage in the next couple of months and have the choices narrowed down to a 5 year fix at 2.4% with a £195 fee or a 10 year fix at 2.89% with a £950 fee. I've tried doing the maths and I know its all a gamble based on when…
-
Landlords - IO or Repayment?
Hi What's the best option for landlords to take and the advantages / disadvantages of each approach? My thinking was it was best to do a Repayment so that once its paid off you can use the whole amount of rent as additional income? However, if you are not entirely sure if you intend on keeping the property or selling it in…
-
Mortgage liability following death of ex partner
Up to 2010, I had a joint mortgage with my then partner. We then split up and I moved out and declared myself bankrupt and started a new life. The house was on my bankruptcy declaration. She also declared herself bankrupt in 2011, but she was able to keep up the mortgage payments and continue to live in the property. I…
-
Stopping mortgage payment for 1 month until sale
I am in the process of selling a property that I rent out. The property generates a loss as the rental income doesn't fully cover the mortgage payment. At the start of the sale I was of the understanding that we could complete immediately after the current tenants move out. My plan was to exchange in advance of this and…
-
Car insurance due, just applied for mortgage - credit checks?
Hopefully this is a simple question - our mortgage application went in yesterday, so obviously I cannot apply for any credit whilst we're waiting for the decision - but my car insurance is due for renewal soon. I can see from a comparison site search I did a few weeks ago that some companies have done a soft search on me.…
-
Will I be able to get a BTL/holiday let mortgage?
After some initial thoughts please. I am looking at buying with a friend a property to rent out as a holiday home. The house is £82K. It needs some cosmetic work doing to it, but it should not take much, paint, new bathroom/kitchen etc. All of which we will be able to do ourselves. We dont have the finances for a huge…
-
Best choice/option for pay down BTL
Hello , new on here but been reading boards for a while. I have a buy to let property with 113K mortgage and its worth about £165000. LTV is around 70%. Mortgage deal on BTL finish's in November but am in the fortunate position of having paid off my main residence, value £400K. I earn about £65K per year, 47 years old. I…
-
Should I be paying an estate agent an upfront fee for this?
I am looking at getting a mortgage on a new build flat. I have been to a viewing which has been organized by the estate agent, and I will also be getting some 'advice' from a mortgage adviser from the estate agency. The estate agency has compared mortgage offers available to me and got me a mortgage in principle on one of…
-
Help to Buy / Rent to Buy after Bankrupcy
Hi After a bit of advice please. I want to buy a property but I was declared bankrupt in Nov 2011. I have an annual salary of £21000. I appreciate its not a lot but wondered if I would be able to get onto the property ladder via help to buy, or the rebt to buy schemes? I have saved up £2000 so far. I know there is this…
-
Advise please - Should i ditch current deal?
Hi All - Hoping someone could help as I'm very unsure what to do. Current mortgage balance is £118,000 and have 11 years 9 months to go. Im approx half way through a 5 year fix with First Direct at 3.69% and the redemption charge is £2,780. I have stocks n shares ISA savings of c£32,000 which i pay about £50 into per…
-
Broker vs Direct - Lift Scheme Help!
Hi! This might be long winded will try keep it basic. We applied for LIFT scheme (Scotland) went to First Mortgage (Free impartial advisors) to get DIP for the application, we got a DIP for £146,000 ish a nice amount since were restricted on purchase price anyway. Everything went well from there, we got accepted for LIFT…
