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Remortgage with the same lender.
Hi, i currently have a 2 year tracker through nationwide, however looking at their current tracker rates it appears that by investing some savings i could shave over 1.5% off my rate by remortgaging. (i still have more than a year to go on the term). Here is my question though, when i look up mortgage rates it appears that…
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First mortgage at 70? Advice please
What are the chances of any kind of first mortgage at 70? And what are the alternatives? My retired brother has to move out of our late parents house and will have around £150,000 as his share of the sale. He's never owned a property and a small flat in this area starts at around £200-220,000 so there's a gap. What…
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My Mum would be 92 years old when the mortgage is paid?
Hiya I wonder if you could help, My Mum is 77 and was sold a Mortgage by Nationwide. She has £50,000 outstanding on a repayment mortgage. The mortgage is due to end September 2030 meaning she would have to live until 92 years old to pay it off. Surely this should never of been allowed. Can anyone advise please Thanks
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Credit Report Help
Hi folks, I'm needing some views on my situation. I'm soon to be applying for my first mortgage, however, I've had some previous blemishes on my credit file that I'm scared will show up. These blemishes happened in 2010 and since then, I've not missed a payment on any account whatsoever. I have one credit card (primarily…
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Remortgaging with a different lender
The fix on our mortgage is due to finish at the end of May. We are currently leaning towards a 2 year tracker. Our current provider can offer a 2 year tracker at 1.49% (BBBR + 0.99%) with a £999 application fee. A different lender can offer a 2 year tracker at 1.44% (BBBR +0.94%) with £1019 set up fees but £250 cashback.…
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First Direct miscalcution of payments
Went to re-mortgage with 1st Direct on a reduced interest rate (was 2.99% now 2.19%) only to find my monthly repayments have gone up. After weeks of investigation it turns out I've been paying the wrong amount (Only a few £'s over per month) for over 2 years due to their software problems. I've been offered £100…
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Mortgage salary multipliers
I want a bigger mortgage, ideally 5.5 times my salary. From what I have seen on some websites, you can no longer get any more than 5 times your salary. Is this always the case, or can some people get more than that? I have seen a site that says it's possible to get 7-8 times your salary in some cases, although this does…
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FTB Mortgage advice
Question answered
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Natwest Homebuyers Survey Advice
Hi, Am a first time buyer and my mortgage application has been made with Natwest and it is currently with the underwriters. With Natwest they usually do the valuation once the underwriters are happy. Does Natwest do Homebuyers survey? Also is it wise to get them to do it at the same time as the valuation (thats hoping I…
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Mortgage Brokers and their insurance policies
Hi, i hope someone could answer a question for me as its easter and the offices i need to speak to are closed. Basically, we have recently been accepted for a mortgage from Nationwide, we used a mortgage advisor that was recommended to us by Redrow, he was very good and gave us a good deal. This is the first time we have…
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First Time Buyer - Mortgage query
As joint application, myself and my partner are going to apply for mortgage as first time buyers in June. We will be going with HSBC mostly. This week my partner got better job with better pay offer compare to current job. But, she will not start until first week of July. My questions... Will this have any impact when…
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FTB mortgage calc help
Hi, we were hoping for a 5x joint income loan before finding banks have reduced the lending to 4.5x max, this has forced us out of purchasing a 2 bedroom property thus looking at a HTB scheme. Is anyone able to help confirm my calculations are correct on a joint income of £38k for a property valued at £225,000. 10% Deposit…
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Re-Mortgage Deed of Trust Removal Issue
Good evening We have a simple remortgage being held up by the records at our bank. They say that a historic deed of trust shows as still in place when this was in fact removed 4 years ago with the relevant forms etc. I have just paid £3 to download my documents from the Land Registry and as expected it no longer shows the…
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How do we prove source of gifted deposit?
Hi all We are in the process of applying for our first mortgage - received our AIP last week and are in the process of submitting full application via broker. Received a letter from solicitors requesting confirmation re. Deposit for money laundering purposes. My father in law is giving us the deposit in full. I have…
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need a mortgage!
Hello there can anybody help me! I would like to apply for a mortgage in the near future but recently left a debt management plan. I did not incur a default on the plan which lasted only 6 months before i realised what a detrimental effect it was having on my credit. All arrears are paid off and my credit score is…
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Compensation for data protection breach
Hello Wondered if anyone might be able to help me with my dilemma... We recently applied for a remortgage with Barclays. They advised me by text that my mortgage offer was on its way - some five days later it turned up, delivered by hand by a distant neighbour. Our mortgage offer had been sent to the neighbours address not…
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endowment after divorce
I divorced 11 years ago having signed over the house and all the endowments to my ex. he now has a policy maturing and says I have to sign it to allow him to access the funds. surely as I signed ig all away 11 years ago its nothing to do with me. I wont get any of the money but he says I am legally obliged to sign it for…
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[NATIONWIDE] Mortgage process so far - reassessed at a lower offer!
First time buyer on a new build property valued at £129,995 with H2B-EL so a mortgage of around £97K. Myself (21) and my wife (26), no dependants and only a car finance commitment of £250pcm. See at the end of the post for more detail, was very promising to begin with but to date has been very stressful so far and so early…
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New build valuation
House not yet built. What do surveyors use to come to a valuation? Mortgage will be with nationwide bs Thanks
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Mortgage application declined after surveyor OVER-valued
Hi, I'm looking for some advice. I had a mortgage application agreed, and was at the stage of the lender going to survey the property. Based on the survey they have come back to me to advise based on the survey and their valuation they will NOT offer me the mortgage as they feel the property is valued at a 'considerable'…
