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How long does an appeal usually take?
Hello We've had our DIP from Halifax for £127,950 and have a £10,000 so when our offer of £129,000 was accepted on the house we really like we were over the moon. We met with our mortgage adviser to discuss putting in our mortgage application. She went away and said that she would put the application in late Monday night…
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proof of deposit required for mortgage application
I'll be applying for mortgage with Natwest soon through my MB. Do I need to provide documentation evidence to where ALL the deposit is coming from at this stage? Majority of the deposit is coming from the re-mortgaging of my current property-could give the mortgage offer I guess. I haven't got the gift deposit letter yet,…
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Loan vs Credit Card on Mortgage App
Hi Guys, wondering if anyone can help!! I have a personal loan which I took out for a car, but I'm thinking about applying for a 0% credit card to save approx £1000 in interest. Will it make any difference on a mortgage application which type of debt I carry in terms of personal loan vs credit card? Will be applying for a…
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Mortgage Broker Process
Quick one for those that are or have used a mortgage broker: How do you normally arrange for the application to be completed? I've been given a form to fill in which is a repeat of the income/expenditure for affordability, and then been sent the application form for the lender to complete and send back with the other…
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Maximum Mortgage (Porting With Chelsea)
Hi Guys & Gals. Been an avid reader of this site and forums, been enlightened a lot, reading about what goes on in MSE world. On to the nitty-gritty. We have recently gone for a Part-Ex with Barratt Homes, received our offer, they have accepted our offer, all smooth on that side of things, Barratt put us for a credit check…
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Mortgage free flat wanting to borrow small amount but have a missed payment
Hi I have a mortgage free flat worth £350k which has been rented out for 11 years and on going and would like to remortgage for £30k. I missed a mortgage payment a year ago and paid it back in Jan, I had no idea because the BTL mortgage company had my old address on file. I guess I might have problems and the high street…
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Interest only mortgage?
Hi all, my grandmother currently has an interest only mortgage with about £70k outstanding and this expires in 2 years. She is 63 at the moment and would struggle to afford a repayment mortgage in the unlikely event she could even get one! The likelihood is that selling her home would just about clear this debt however…
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FTB Barclay's approval time frame
Hello there. So, my girlfriend and I have been waiting to hear back on a mortgage offer for about a month now. Our advisor was on holiday for a week and her replacement told us last week that we had basically been approved and were just waiting for the valuation. Now the underwriter has been looking at an very old mobile…
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helping out the in laws...... HELP!
Hi there everyone, please I hope someone could assist me in how to do all this properly and officially, but first an introduction to our dilemma. it is my intention to assist my mum in law with the mortgage to the tune of a 20k payment so that she no longer needs to work. this money is an extra borrowed on top of our…
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Life Insurance etc
Anyone got any thoughts on the merits of taking out a decreasing term life insurance policy for myself and my wife (death and terminal illness) when I've already got Death in Service cover from work at a value of more than the mortgage? Obviously other than the fact that it's not dependent on keeping the job. Mortgage…
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Stuck with HSBC?
We are selling and looking to buy something bigger. Have current mortgage with HSBC with early repayment fees and a DIP for higher borrowing . I know this means little until full application. My question is based on another thread here where the OP has been advised to avoid HSBC due to strict criteria. Problem is we are…
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Garden Posessory Title - Platform Mortgage Offer
After 13 days since the valuation was done on our home by our buyer, their solicitor has received half a mortgage offer. The agent has seen the full offer but I makes no reference to half our garden being under possessory title. The solicitor has to wait to receive all of the mortgage offer before raising it with the…
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Completed Mortgage for 2016
Hi I'll give the basics. Between 2010 - 2012 I self destructed, and got into a lot of debt and had pay day loans... very bad. In 2012 due to this I moved in with my girlfriend who owns 45% of a share in a house, all is good (she saved my life). I then spent 2012-2014 paying off all my defaults (I had 6 in total, 3 in 2011…
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using a broker or going direct
Just a question for a FTB, I am purchasing off plan and the completion is due in a few months probably around the turn of the year. Should i go for a broker or direct to Nationwide? I don't have a complicated case. What are the advantages of using a broker if any? Would he offer me the products he knows of before I have to…
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Tier 2 General Visa - Mortgage Inquiry
Hello All I have a query. I am Tier 2 General Visa holder. I am in UK for more than 2 and half years. I have another 2 years remaining on my visa. Q1 : am I eligible for 90% LTV Mortgage (I don't really care about the rate, frustrated with the renting)? If yes, which banks/building societies are my options? Q2 : Can I…
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Queries and advice
Hi All, First post and looking and any advice and tips would be helpful I am looking at selling my flat and buying a house hopefully next year (sooner if possible). I’ve been interest only for a long time so have no equity in the flat and will do well to just break even on it. This is mainly due to it being electric only…
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Mortgage calculator with a difference needed
Hi, Does anybody know of a mortgage calculator that you can type how much you owe, term and interest rates, into it and it show you a break down of how much you will owe year by year ? Thanks in advance Mike
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Mortgage Application & credit checks.
I am in the process of completing our mortgage to go through (FTB) we are early on yet only paid for the valuation. the planned move is towards October November and im having to save extra for how much we offered for the deposit. anyway it will all be clashing with when my car insurance is up for renewal. i currently have…
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Getting CTL approval before completing mortgage
Am applying for a mortgage with TSB through London & Country, and am running up against a serious block. My wife works in a boarding school, and as such we are provided with accommodation as part of her employment. We wanted to buy a house to get on the ladder, and rent it out while we're in school accommodation. L&C…
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Valuation
When I apply for a mortgage and the mortgage company do a valuation on the property and they consider that the property has been overvalued, will they tell me this even if the LTV is still within their requirements for what they will lend me?
