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NW valuation good sign?
Hi all, We had a DIP of nationwide and have been informed today that the valuation has been booked for tomorrow. Is this a good sign? If the valuation comes back okay would this suggest we are going to receive a mortgage offer or does it mean nothing? Thanks Cameron
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Mortgage early repayment charge - Can it be avoided?
Hi, Hope someone can help. I currently have a fixed rate mortgage and am moving house. The chain needs to complete on 25/09/15 and my fixed rate ends of the 01/10/15. So my question is do I really need to pay the early redemption fee (£1800) for the sake of 5 days or is there a way I can avoid it? Could I just offer to pay…
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Help needed - First time buyer Mortgage declined
Hello Everyone, My broker applied for a first time buyer's mortgage with Halifax and it has been declined. The reason provided by Halifax is that there is an "adverse credit in one of the linked addresses" in my Call Credit report. My broker advised that I register with Call Credit and look into my credit report, which I…
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What insurance did you take out when you got a mortgage, + pre existing conditions
My knowledge of insurance is limited to that of cars and pets, but wanted to clarify some things. Firstly, broker discussed life insurance, critical illness cover and income protection. Life insurance seems a must, but I am less sure about the other two, and wondered what others opt for? Also, pre existing conditions. I…
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Natwest Mortgage Application Help!
Hi All, I'm looking to get a Natwest 75% LTV mortgage using 15% deposit and 10% Help to Buy. I've been through the AIP process (is this the same as a DIP??) and they have agreed based on the accurate information given and asked for that they will loan over and above the amount we require (we require £238k - they have…
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CIS-Now Royal London 25yr Endowment Just Matured
CIS-Now Royal London Endowment Just Matured Been Paying £65.80 for 25 years Sum assured 18k bonuses 12k Terminal/final bonus 9700k = £39700 on Maturity. What do you think folks a good result or not? (oh by the way i was promised the earth when i took it out)
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Barclays / Woolwich Mortgage reserve
We have just received a letter saying Barclays are reducing our Mortgage Reserve Limit. We were just about to use the full amount. Does anyone have any experience of this please? Did they leave it the same if you contacted them? Did they reduce it after you asked them not to? Have you removed all the funds before the…
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Help Please.
Can anyone help me please. I have incurable cancer and am trying to stay in my family home after a divorce. Ex wants her money and is pushing to make me to sell. I need to raise aprox £40,000. My problem is, I have no job, most lenders do not allow ESA, as income. I'm 52, so no equity release. There is no mortgage on home.…
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Help needed mortgage application question re ccjs
Looking to buy but had a ccj which fell off file. Most lenders ask if you have had a ccj. How do you answer without shooting yourself in the foot. Surely should be any in last six years. What's the point in having a clean slate if they go back further? What if you had one 10 20 years ago? Ok I have learned my lessons. I am…
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Bank has reduced mortgage payments after lump sum overpayment
I have added this to the post below by "Collison" but have thought its maybe better to start a new thread so people don't have to read back through the other post to get to my question! Just heard from my friend she paid an overpayment lump sum on the mortgage but now the mortgage company have reduced her monthly payments,…
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Advice on minimising mortgage early repayment penalty
I am about to move house and am looking into mortgage advice now. My situation is a little complicated, as follows: • We can just about buy the new house outright, but expect to spend around £70-90k on home improvements. So I wouldn’t necessarily need a new mortgage immediately, and wouldn’t need it all at once either. A…
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RBS Mortgage: 5-year Fix 2.19%, £995 Fee
Having just got 2 years of SA302s for self-employment, I visited my own bank today (RBS) as a first port of call, to see what they could lend me as a customer of 24 years. I've been given a decision in principle based on the criteria below and am wondering whether there's any point to trying a broker for a better deal.…
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First time buyer looking to apply for a mortgage
Hello, I am looking to get a mortgage with first direct 2 year fixed. Their calculator says I could borrow 125k I have my savings scattered over about 10 current accounts all earning various interest rates with no planned overdrafts, many standing orders floating cash back and forth between to take advantage of the…
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BTL - Property considered unsuitable security
We currently own a flat and are looking to move it to a buy-to-let mortgage. Natwest have sent out a valuer who considers the flat unsiutable security for the lender (Natwest) as prospective buyers would not use the flat as their main residence. Our natwest mortgage adviser said she had never heard of this before. The…
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To use a mortgage broker or not?
I wonder if anyone can advise? My partner took out a £135k mortgage 7 years ago, he still owes £80k on it. The property has been on the market for 6 months but isn't selling and he wants to remortgage it, getting an interest only, buy-to-let mortgage and releasing around £20k equity. I have £20k savings so together we…
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Transferring funds to solicitors and exchange of contracts
Just a quick one hopefully... We are due to complete next Monday 20th July. Our solicitors have sent us our invoice, which shows the funds due to them in respect of deposit, stamp duty, and their fees. They have said they will exchange contracts once we've sent this sum to them. Just wondering if this is normal? For the…
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What ages are classed as pension age
Could anyone tell me what age do lenders borrow up to without having to show proof of pension for men ! Thankyou
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Completion question
When you complete and get your keys, do your mortgage and insurance payments start then? for information we are FTB moving in to a new build property, currently renting. If for any reason we cant complete on the legal completion date, are we able to arrange with the developer to move in later ?
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How hard will it be to sort out my own remortgage?
My first 2 year fixed mortgage is coming to and end shortly, I bought my house 2 years ago and I paid the estateagent a fix £299 fee to sort my renewals out while ever I have a mortgage so they find me the best deal for me. They sort all the paperwork out and its just a case of me giving bank statements and id and so on.…
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Natwest HomeBuyers Report
All, We are midway through a house purchase and had a Homebuyers Report completed. We received back one sheet of double sided A4 paper. Now I think this has all the relevant information on however my partner thinks we should have received some glossy full report and thinks we've overpaid and just been given a Valuation.…
