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FTB halifax mortgage application worries
Just sitting and waiting for a decision from halifax! Does anyone know their current timescales if application is with underwriter? Don't want to bother my MB too much as I know he will be busy! Thanks :)
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Product switch after mortgage offer?
I have a mortgage offer from Halifax that was arranged through a broker. The conveyancing has just begun and are looking for exchange and completion to be towards the beginning of August. I have noticed our rate has reduced with Halifax, is our broker able to switch us this product or have we gone too far in the process?…
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Puzzled about re mortgage credit check
I'm applying for a re-mortgage and the credit check has come back with an open credit agreement. The only thing the lender will say is it is on communication. I have a mobile contract and Sky TV/broadband. Nothing else. Equifax check has come back clear too. Our credit check from when we moved from rented to bought threw…
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Second time buyer - Value query
Hi all, looking for some general comments as I am mulling over what to do next re my house. I bought two years ago as a first time buyer, it was a full strip out and renovation job on a mid terrace (all new plumbing and wiring, joists + boards, new kitchen, additional bathroom etc). I am looking at the possibility of…
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mortgages
Hi guys myself and my DH have had an amazing offer from family to help us buy a house. Its part of their IHT planning too! they have offered to help us buy a house c£50-75,000 I think as properties are £250,000 - £275,000. I hope to be debt free by Christmas and DH should be by early next year. However, he has a default…
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Advice, please - Mortgage company on go slow
hello, Is there any good way to get a Mortgage company to get a wriggle on? Someone I know is about to lose both their first flat and their hard-earned deposit because the Mortgage company has sat on their application for 3 months, given them no indication as to whether or not they'll get it (despite an agreement in…
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KFI query
Hi I've a question on the ERC charges. It says following the two year fixed rate period interest will be charged to the end of the month of redemption. The maximum chargee you are likely to incur during this period is £497. To avoid this as I see it, when the time comes to remortgage I would have to ensure to remortage at…
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Advice wanted please....
I am looking for some advice about our current situation and what we should do for the best?* Married - with children * Both employed full time - Joint Salary ~ £125K * Current House Value ~ £350K * Outstanding Mortgage - interest only ~ £250K * Secured Loan ~£90K * Unsecured debts ~ £40K We have in the past overspent, but…
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Mortgage and medical condition
Having a long term medical condition affect mortgage application? My work colleague is about to apply for a mortgage. He has a long term medical condition that he was born with, he is working full time for many years, etc. He Doesn't take any medication for it but wear compression stockings(it'd count as using an aide?) I…
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Nationwide Mortgage - Revised Offer (surprise)
I brought a new build property in April that has an expected build completion date of October. I went through a financial advisor for the mortgage, using help to buy, and was issued a mortgage offer from Nationwide towards the end of May. I have just transfered the deposit to the solicitor to exchange contracts, but have…
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Broker suggestion and the process
Hey everyone, just looking for some advice. We are currently in dundee but will moving down to edinburgh area for work soon. we've been planning on getting our own pace for a while so we've got £30K deposit, though would rather use £25k to leave us a buffer. We were planning on renting in the area first as to get a feel…
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FTB looking to take a residential mortgage and rent a room
Hi all,. I am looking to take out a FTB residential repayment mortgage, fixed for 5+ years over a 30/35 year term. The property will ideally be a 2 or 3 bedroom property of which I will be living in 1 room as the main occupant and I will rent the other room(s) out. I wondered if anyone could give me guidance on how to go…
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Residential remortgage to fund BTL - Tax relief position
Hi, Could anyone help please or point me in the way of HMRC guidance. I own my residence outright and am buying a buy to let property. I can either take out a BTL mortgage or take a mortgage on the main family home, my question is if I do the latter will I be able to deduct interest costs from the BTL property for Income…
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Joint Mortgage after separation
Apologises if this has been asked before. I have a joint mortgage with my husband which is now only a year in. He has now decided to end the marriage and has agreed to leave the house. We don't have any children. I would like to take on the mortgage myself and, as the main earner of the two, think this should be ok.…
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playing with DiP figures
I tried applying online with Nationwide for a Decision in Principle but got declined, there was an option to amend figures/details so I put in a lower amount and that was accepted. Will it do any harm messing with the deposit/loan figures a bit more to see how much more deposit needed or max they will loan?
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Short term lettings such as Airbnb.Any insurers that agree to cover this??
There seems to be a deathly silence on the inter web on short-term lettings through websites such as Airbnb. A search through Airbnb's terms and conditions does not shed any light on this issue and neither does a quick Google search on which insurance providers provide home insurance which would be ok with using short-term…
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Joint mortgage to sole (but keeping joint!)
Sorry if I am replicating old posts firstly.... I currently own 1/2 a flat (with joint mortgage). However, I am moving and would like to own my own place. Is it possible to maintain the joint mortgage, and have a secondary (sole applicant) residential mortgage on a second property? Thanks
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Going in to overdraft
This is stupid now I think about it but I have always used my £250 overdraft as if it was my own money since the first time I used it. I Get charged £6 for 'agreed overdraft usage' although I don't think this was always the case Always look at the 'available' figure on my online statement rather than the balance I've…
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Chances of Mortgage
Hi, Im looking at purchasing my first property and have had a DIP from HSBC (I bank with Nationwide). We have found a property we like expected purchase to be around 95K with a 10K deposit over 25years, the DIP covers the purchase price however I currently earn £22450 a year (before tax) and live at home so very little…
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Would I get a mortgage?
I was wondering if I could get some advice. I'm 22 and have quite a bit of savings in the bank and I am considering buying a house to let out. I only earn £14500 a year, do I have much chance of getting a mortgage? Thanks in advance :)
