-
Waiting for a mortgage decision from Natwest. Anyone else?
Our broker advised that our application was submitted yesterday. We have received an e-mail this afternoon saying Natwest have requested a signed direct debit mandate to enable them to proceed to valuation. The waiting begins. I feel so nervous. Is anyone else awaiting a decision from Natwest?
-
Remortgage query...
Hi I have contacted a independent mortgage advisor for a virgin mortgage product and he has made a credit check and Id check and started my application process. Later one he advised me there will a timescale of 2 months at least for the process to complete and when I enquired with another broker advisor from different…
-
Remortgaging during maternity leave
Hi, My wife and I have a 2 year fixed rate ending in September. My wife is due to return to work in October but hasn't decided if she will or not, she has until end of July. We can apply for a new fixed rate now to come into effect from September. We've told the lender that we've had a baby and my wife has said she is…
-
ERC at end of fixed deal
I'm on a fixed rate mortgage which expires at the end of September. For various reasons I've had to sell my house and I will be moving into rented accommodation. I still have 3 more payments to make before the fixed period ends, 1st July, August and September. July and August will definitely be paid before the house sale…
-
Switching to a different fixed-rate mortgage
Hi, I am 7 months and five days away from my current 2 year fix ending. With a debt left of roughly £104k and a 1% ERC, so ~£1k. By switching to a five-year fix now (currently just checked current provider, I may be able to get better elsewhere) the rate would actually increase from what it is now on the fixed by the…
-
Bad credit and multiple people
Hello, my mum is selling our home which has been valued at £140,000.00. We are looking to buy somewhere for £300,000.00 with my partner as well. He has a terrible credit rating which includes a default. We have been making an effort to improve this and show he can pay bills ect. I have two missed credit card payments which…
-
Mortgage Redemption Letter
Hi, I had an email from my solicitor I am using who is helping sell my house. They had a mortgage redemption letter from my mortgage provider, Santander, saying i owe £149,488.75 (including Early repayment charges). This statement was on June 16th. But in May (12th) i enquired with Santander about repaying my mortgage +…
-
Any let-to-buy experiences?
Hi all, Having had our house on the market for 3 weeks, we've had ten viewings, a few second viewings, but no offers and feedback of literally nothing more than 'Wow, beautiful house but we don't like the neighbours house/don't like the rear access/don't like that there is nothing we can do to it' I'm starting to worry it…
-
5000 More mortgage doposit or repay the credit card loan
Hello all. Think about a situation. Main applicant :salary 33000 If main applicant have credit card loan of 5000 which if he do not pay and use as a additional deposit ,how much he can borrow. Say he has 10,000 and repay the credit card loan or He can use 15000 as a deposit for mortgage ? In which case ,he get bigger…
-
mortgage and stamp duty
I have some questions on stamp duty that i hoped some one may know the answer to. My wife owns a house outright in her name only. We plan to add my name to the register so we are joint tenants. I understand that there would be no stamp duty to pay at that point , is that right? We then plan to raise a BTL mortgage on the…
-
Buying a second home for son to live - BTL or First Time Buyer?
We have about £60k and we're thinking to pay off our current mortgage with it. We are then thinking to get a new mortgage for a second house, where our son will be living with his friends and basically be paying the rent (mortgage amount). Would we have to get a BTL mortgage or a normal First Time Buyer mortgage, since our…
-
Under valuation panic
So I have a lot of free time which makes me have an over-active imagination (like my happy ever after with the pretty cashier at YBS or the pretty account advisor at Lloyds). My mortgage process seems to be going well (moving quickly despite electoral roll issues) but with the valuation coming up (maybe this week) I've…
-
Overpay or Second place?
Hi everybody, I am looking for some advice or for some questions to be thrown at me that I am not aware of myself. I live with my partner in a house we purchased for £160,000 with a 15% deposit a couple of years ago. We have made various over payments over the last two years to a point where we now owe £112,000. We have…
-
Part Interest and Part Repayment Mortgage with Chelse B/S
Hi I am wondering if anyone can give me some advice on here. I got an interest only mortgage Dec 2007 £74000 valued at £90000. I changed part over last year to repayment. My deal finished this April and I tried to remortgage but house valuation wasn't enough. Am wondering if anyone has any advice as what I could do?
-
Missing Exchange Date
Hello, After some advice, previous stories etc. We reserved a plot with Charles Church and were advised we would have to exchange after 35 days which we thought wouldn't be a problem. However our mortgage application has been a little more complicated then expected and as we are currently living with parents and everything…
-
Habitable condition
Hello, I am currently looking at buying a property that would require total renovation prior to us moving in (rewiring, re-plumbing, central heating, floor board etc... the whole lot) I intend to put 40% as a down payment and pay for full renovation myself without financing - however I need the bank to finance the…
-
Is my buyer messing around?
My buyer was contacted today for an update as the offer was accepted almost three weeks ago but no valuation appears to have been booked. He evidenced his deposit and his buy to let mortgage with Natwest at the offer stage (presumably AIP). He said today that the surveyors were meant to be out today or tomorrow according…
-
Who is lying??
We're at the point of signing of with solicitor to then exchange contracts on a repossession (it's been a roller coaster!!) but we couldn't get keys to the property (hubby wanted a nosey around again) because apparently the vendor is carrying out a re-valuation. What is this?? A bad sign? I emailed our in house broker and…
-
Post office said No... Please help
So today we were turned down for a mortgage with the post office. Their reason was arrears on a closed down account?!? We have never been in arrears with anything... Ever! Big statement but we are proud of this and would know if we had. On the advise of the post office mortgage advisor we have sent off for a full credit…
-
Equity release
Hi, I've tried googling and looking for advise but was hoping I could ask here. My dad is in his mid 80s and his interest only mortgage ends in 2018. Currently, his property is worth around 500k with the mortgage value of 200k. He doesn't want to move from the property (it's located in a nice part of London and the…
