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Financing an extension
Hi, I'm looking into raising 50k for an extension. Current situation is mortgage of 170k on a house worth 360k. I earn 50k per annum, wife 40k plus 13k bonus. Current halifax mortgage at 1.99 per cent fixed for two years. My questions are twofold, if i approach halifax for the additional funds then would they revalue the…
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Nationwide -Mortgage Porting
I posted earlier in the week about porting our NW mortgage. We have now spoken to NW and they can't give us an answer as to whether we can port until we have had an offer accepted on a property. Has anyone had any dealings of a similar nature? Key facts are: Bought a house in 2008 for £121k and our mortgage was 85% LTV.…
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What happens when mortgage is paid off?
Hi We're in the fortunate position of only having a couple of payments left on the mortgage. Just wondering if we have to do anything regarding the deeds of the house once the final payment is made? We live in Scotland and the mortgage (repayment) is with First Direct. Thanks in advance
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Fixed Length Advice with big Mortgage
Our 2 year fixed deal is coming to an end in Dec this year. We bought our dream house last year for £313,000 taking a mortgage out for £280,000 (we put down 10% deposit). We got a very good deal on the house as bought from a friend who moved abroad. At time of remortgage the house should have gone up in value a fair bit.…
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Offset mortgage virgin
Hello, can you help please. ,we have a 2 year fixed rate mortgage coming to an end in July and I'm thinking about what to do next. We have 68% ltv A little over £3000 in savings And a joint income of £5000 net a month Current mortgage payments are £1700 a month Any point in an offset, as we have little savings?! We can…
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Natwest Mortgage Application Help!
Dear All, My husband and I had our offer accepted on a house 3 weeks ago now. We are using a fabulous mortgage broker to apply for our mortgage and sort out the relevant insurances etc, we are first time buyers. I am self employed so I have to supply the bank with SA302s. As the tax year has just ended, I submitted my…
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Tell mortgage lender truth about rented address (which has bad credit history)?
Hi all, Question about applying for a mortgage, problem is rented flat has bad credit history. Because of this my bank account is registered at my brother's house (where I was previously staying) and my husband has his bank account registered at his former home address (where his parents still live). The only bills we have…
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Mortgage split
My ex partner wants to remove his name from our joint mortgage now we have split. I can pay him out but will the lender allow me to take over the whole mortgage ? I can afford the payments just and my parents will be guarantors but I am not sure that I will be allowed to take the mortgage . Does any one know what may…
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new mortgage, with payday loan history?
Good morning all, more of a fact finding question as a newbie (to what is a brilliant forum). Very simply, have any of you been able to get a mortgage recently despite having history of payday loans on your credit files? If so what was your experience with mortgage lenders. Many thanks in advance, iflavour.
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mortgages and payslips
hello, i have a mortgage in principle but i have noticed one of my three payslips doesnt match bank statement? it is about 19P different. will this cause any issues and would they write to my employer to confirm earnings? kind regards.
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How buy to let mortgage is different
Can someon advice me little on buy to let mortgage how it is different in terms of lending compared to normal mortgage. For example: I have 50k in hand and want to buy 2 different properties putting 20k deposit respectively and the both property is worth 50k. What lending criteria will bank usually set to let these types…
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HBS too slow. Can we complain?
Is there a chance to complain and claim some money back for a ridiculously slow homebuyers survey? Natwest instructed Tyser Greenwood and it was carried out on the 24th. Still no sign of a report and apparently it's not even written yet. That's 11 working days already. We want to see the report but the seller is already…
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Developer implying we use alternative bank for mortgage
Not really asking for advice, more of a mini rant! Have bought a new build house off-plan with major developer on HTB-EL. Got a DIP from Nationwide. Told by our broker that we have 6 months from formal offer to complete. When we initially reserved, it was scheduled to be ready in October, so we were to exchange contracts…
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What would the repayment be?
Hi Is this how it works when you move onto lender's SVR from a lower fixed rate: Original deal: £100k loan @3.5% for 3 years on 25-yr term = £501 monthly repayment ..pay off £20k over 3 years... deal moves onto SVR @ 5%. 80k loan remaining and 22 years of term left = £500 monthly repayment So essentially the payments don't…
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Halifax mortgage application - advice?
Hi there Valuation completed and back to Halifax. They have approved it so can anyone tell me how long it generally takes now to get the offer? Also so far on my credit file there are only soft searches from them, is that all they will do or do they tend to do more checks further down the line? Thanks.
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Buy to Let for renovation
Quick potentially silly question If I have 25% deposit and know the rent will cover the mortgage by 125% could I get a buy to let mortgage to buy a property and sell it once renovated. My assumption is that its easier to get a BTL than an occupier mortgage if you met the requirements. I already have another mortgage on my…
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Mortgage underwriters Help!?
Hi everyone. We need a bit of help in January we got a mortgage promise from Lloyds bank, we found a house put an offer in long story short the bank have had to send the application to the underwriters we got a call from the advisor yesterday asking to explain 2 defaults on my partners credit file and 1 on mine which we…
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HSBC mortgage / homeowner loan
Hi all I have applied for mortgage/homeowner loan with hsbc. Ltv borrowing around 45% to build s new garage conservatory/extension etc Applied approx 1 week ago online, survey done and mortgage offer recieved online today. I accepted the offer today. Just wanted to know approximately how long does it take post this for…
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MMR - Remortgage
Hi Brokers I managed to secure my 2 year fixed rate mortgage at 90% LTV just before the MMR came into play. I'm unsure how I will be viewed when it comes up for renewal and would like to get myself as prepared as I can be. We bought a house that needed to be done up so we are hoping we have increased the LTV %. My details…
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Deal ending, staying with Nationwide
Quick question for someone on here. My mortgage deal ends in a couple of months, and I plan to stay with Nationwide - so just taking up one of their deals for existing customers. None of my personal circumstances have changed since I got my mortgage two years ago (in fact I have overpaid). Do I still need to go through the…
