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Mortgage Advise Greatly Appreciated
Hi, We are both first time buyers looking to purchase a new build in Scotland for £250k. We had been looking to go for the house that's came up next year when the next phase of the scheme got released. But this week we received a phone call saying someone has backed out and we are 1st on the reserve list! Luckily enough…
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Impressed with Santander
Application was submitted to Santander 20 April and tthe mortgage offer arrived at solicitors 8 May. I've been really impressed with their level of service. Having a good broker has been a godsend. Been to sign the contract today, exchange will be tomorrow or Friday and we should have the keys to our new home on the 22nd,…
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Barclays Stepped Mortgage 95% non HTB?
Is this for real? Barclays seem to be offering 95% mortgage that beats HTB on a 5 year fix The higher rate of payment is 4.19% which is significantly below the 4.89% the other best 5 year fix HTB mortgage rates are set at. Am I missing something ? Seems like it should be too good to be true :j
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A mortgage underwriter's insight | What does the general process look like in 2015?
I came across this thread from 2009 by forum user @opinions4u, describing the underwriting process and the factors, criteria and inputs that underwriters evaluate in making lending decisions. I found it really insightful and helped me to see things from the underwriter's (and hence, lender's) perspective. Are there any…
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Student Loan and Help To Buy
On the Help To Buy property information form with Orbit for the Midlands you are asked to list your 'Monthly loan/HP payments:' and 'Outstanding credit card balances:'. I understand that this information is used to modify your salary to obtain the maximum 4.5x value for a mortgage. Do I need to include my student loan…
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a good but cheapish solicitor/conveyancer?
Hi, Any recommendations for a cheapish but good mortgage solicitor/conveyancer? I'm a first time buyer. Thank you
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Credit Agencies and Mortgages
Hello, How do you find out which mortgage lenders use which credit agencies? Many thanks
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Nationwide texts ??
Update. Nationwide did a valuation and it came back as satisfactory. My app has since been with underwriters who requested text overviews to go with my Sa302s and a utility bill marked "flat 504" not just "504". All sent on Monday via email and fine Broker says then we should hear in 2 days. I just get a text from…
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Remortgage advice (fixed or variable?)
Hi all, Our current mortgage deal is finally ending. We were first time buyers in 2010 and on a 5 year fixed rate deal with 5.25% with the Bank of Ireland via the Post Office. We're in a definitley better position now with an LTV of 63% - remaining mortgage 85k, propertly valued at 135k. So the question here is what type…
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Remortgating - drop in salary/affordability
I wonder if anyone else has had this problem? I have had quite a significant drop in salary since I last re-mortgaged, resulting in me not being able to pass the affordability tests. I come to the end of my fixed rate deal in a couple of weeks, and going onto the variable rate will increase my repayments by £60, which I…
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Shared Ownership - Can I Put it Only in my Partners Name?
We're considering a shared ownership option as we can't get what we need on the open market. We are a married couple with 1 child and another on the way. The problem is my credit is not good enough to get a mortgage. We have a combined income of about £75k, which is viable for some shared ownership places who say a maximum…
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Mortgage valuation.. help
hello, Date Decision In Principle received- 2/3/15 Date application received -9/3/15 Date minimum submission recived- 18/3/15 Date valuation insructed- 01/4/15 Date vauation recived- 14/4/15 Date tree damp & timber report instuicted- 17/4/15 Date tree report carroed out- 21/4/15 Date damp & timber report carried out-…
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Halifax Mortgage - Response Time on 2015
We have applied for a mortgage with Halifax on 16th April, 2015. We are first time buyers. The LTV is 95%. We went through a broker. The valuation has been done on 28th April 2015 and we received survey details after Two days. My broker called me on 5th May, 2015 and said the mortgage has been APPROVED and i need to pay…
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Mortgage application app with mortgage advisor
Hi can anyone tell me what sort of things are asked when completing our mortgage application? I have been told we will be at the appointment for 2 hours. Seems a long time:shocked:
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Mortgage Madness!
Hi everyone! Just a quick question. I've applied for a mortgage with my partner for a property priced at £175,000 with Halifax We have a 15% deposit and my partner has a good credit rating. We've made it through to the DIP but on full application it was referred to an underwriter. I have some over 12 month old payday loans…
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Please help me with the total cost of a mortgage!
Hi there, This is my first post- so sorry if it's a bit muddled! The other day my friend started getting really irate about the banks and began claiming that mortgages cost double or triple the value of a house.. having a partner with his own mortgage (who attended appointments etc with) and having look at a mortgage of my…
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Mortgage in principal agreed so can go wrong?
We have just applied for a mortgage in princ and it has been agreed (lloyds). What can go wrong now? What further things do they look at /decide on that might have them turn it down after all?? They did a "soft search" but I dont know what that means exactly as My husbands credit report does have 2 defaults which resulted…
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Question about paying off debt with equity from house sale
My family and I are relocating to a new town. We've sold our home and have agreed a 12 month tenancy, happier initially to rent whilst we find our feet in our new surroundings. My question regards the most effective way to utilise around 50k worth of equity we'll be left with once our mortgage is paid up. Specifically,…
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Nationwide mortgages have attractive rates but are impossible to get
My husband and I are in an incredibly fortunate position financially yet I cant get a further advance secured which is just nuts. Let me explain Joint income of approx. £200k per year, no loans, HP or credit card debt. We are entitled to final salary pension schemes. We have each been employed by the same firm for 31 and…
