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Extending Nationwide Mortgage
I've heard it's quite hard to extend the term of your mortgage rather than shorten it, but I wondered if anyone knew how hard it is to do with a Nationwide mortgage? My term at the moment is 26years and I wish to extend by 5years (and at the same time do additional borrowing). It would just make it more affordable for the…
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156 housing act 1985
Can anyone explain this have looked and it but I need it in laymans terms I think I know what it is but not sure.. C: Charges Register This register contains any charges and other matters that affect the land. 1. A Transfer of the land in this title dated ?? ?? ???? made between (1) The Metropolitan borough of ""here"" and…
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Looking for advice on brokers/lenders re debt consolidation remortgage
Hi My partner and I are currently trying to remortgage but have been unimpressed with our broker so thinking of trying elsewhere. Our situation is as follows: property valued at 160k, current mortgage of 102k We have completed an extension on the property which has added to our existing debt giving a debt total of 20k,…
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Natwest Application - Am I being given the correct information?
Apologies to post yet another thread, but I am really looking for a simple, straight answer on a couple of things.. Using a mortgage broker my husband and I submitted out full application last Wednesday (8th April). I received an email from our broker telling us that Natwest have said yes, and it would be submitted to an…
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Remortgage with a Glitch
Morning, need some help Trying to remortgage, my credit score is excellent but my wife's is poor as she is in a debt management scheme. Is there a way to remortgage without having to pay stupid interest rates. Have contacted a broker and went for the initial consultation but at that time I couldn't gain access to my wife's…
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Accepted subject to valuation - should I instruct my solicitor to start searches.
Just a quick question -Advice would be greatly appreciated. I have just been accepted subject to valuation on a new build property which is great, but because everything took so long I need to move ASAP. I was wondering if I should instruct my solicitor to start the searches now so that I can get the ball rolling? or do I…
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First Time Buyers Advice
Morning all, I am just after a bit of advice, me and my boyfriend are looking to buy out first home this year. We are very excited and have seen a property we LOVE! The only snag is that my boyfriend is in the Army and currently serving 3 months in Kenya so will be due back in July. We won't have the money for the deposit…
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buying a house under-value
Hi, I was just wondering, as i'm in a position where i have been offered a £80,000 house for £65,000. Could i use this as a benifit when getting a mortgage? What i mean is, would I be able to get a mortgage for £65,000 on an £80,000 house, and if so would the extra 15,000 count towards any deposit? Regards
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Shared ownership purchase - head lease
We're in the process of buying a SO flat and the housing association is piling on the pressure to make exchange under the threat of withdrawing the sale. There are ongoing issues with conveyancing, one of which is that apparently the housing association's head lease for the new build isn't even finalised yet. Anyone know…
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Mortgage for contractor who took a career break
Hi, I'm an IT contractor who started contracting in 2012 and just over a year later I went travelling for about a year. I started contracting again in October 2014 so I have been doing it for about 6 months now. My contract was just renewed for 1 more year (Until April 2016). But since I took a break I have a gap of over a…
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Will car finance destroy mortgage chances
Just a small question please that has come up tonight. We are planning to buy a house after Summer holidays (so, August basically) At that point we will have £32k in savings to put down on house. We are currently renting Target price is £275k, put down £27.6k, pay stamp duty and fees and moving costs means we will have…
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Need some good advice!
Hi can anyone advise me if you can have two separate mortgages on one property? I have been going through a messy divorce for over 3 years, and I'd like to keep a property that's in 2 flats, to provide me with an income and investment for the future, I'm looking at ways to reduce the 123,000 mortgage to £70,000 for myself…
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Application passed to underwriter - advice urgently required
I know it's difficult to ascertain and no one can predetermine the outcome but very stressed currently! AIP/DIP/valuation all done and passed as fine. Was expecting the mortgage offer this week. Found out via broker that the underwriter is querying something to do with an old address which is 12 years ago. Credit file…
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First time buyer advice please
We are close to exchanging on a property which we have been dealing with since last year October. It's been a long and drawn out process and really I'm at wits end. I'm told thats normal though 😃. Anyway to cut a huge long story short we were given a full and formal mortgage offer from Nationwide which is great. However…
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RTB advice please
Hi We are thinking about buying our house but not sure how is best to go about it? I know that living in London we would get £100,000 discount on the property (we have been here 10 years). I have not yet approached the council for a valuation but expect the house to be valued around £380,000. Would we need a deposit? Or…
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Mortgage refused - Structurally unsound HELP!
Hi, My wife and I are buying (or trying to) a property which is circa 130 years old. We have had an independent homebuyers survey done by someone who comes highly recommended. The results are that the house is basically sound, with some bits here and there. There has been some movement on a bay at the font, but the…
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what is the worst credit score you've had and still got a mortgage?
Hi all, Just looking for some experiences of people that thought they had a terrible credit report but still successfully applied for a mortgage? How bad can you get and still get a mortgage?
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Affordability reduced - boyfriend classes as dependant?
Further the difficult start I've been having with my broker... I've just heard that the lender (Leeds) has reduced affordability from £140,000 as per my AIP to £80,000 because I said that my boyfriend would also be living in the property. They have classed him as a dependant because he is not party to the mortgage. I am…
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Additional borrowing shortly after taking fixed mortgage
Hi I bought a new home last July (2014) and am looking to have some building work done this summer to extend the kitchen and add a bedroom. Are there any rules around additional borrowing and how long you have to have the initial mortgage for before asking for further borrowing? My LTV is around 60% any help much…
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Mortgage after paying off defaults & CCJ
Hi, I'm in the process of selling my house which has a good amount of equity in. My plan is to use some of the equity to repay a CCJ and a few defaults (total of c.£10k) then rent for a little bit while I look for somewhere else to buy. My question is how long would it take before I'm likely to be accepted for another…
