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Proof of deposit
So me and my girlfriend have been saving a deposit for our first home. Its all going in her name and we have the DIP but we have a meeting witht he advisor on Thursday to go over and make the official mortgage application. We have both contributed to the deposit of £5550 but they have mentioned that because ill not be on…
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Bad idea to complain about broker during app?
Hi all, Just seeking a few opinions please. Ever since the great face to face initial meeting with my broker, everything has gone down hill in service wise since. A few examples: never sending over forms when he said would. I chase via phone call and email. Eventually give up and called lender to send me the document.…
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Is there a Register
Hello All Can any one tell me if there is a register of Independent financial advisers and there area they specialise in my local area. Is there a site that shows reviews of financial advisers? Thanks in advance.
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Share of freehold
Hi, my offer is accepted for a share of freehold flat. there are currently three flats in a small block. I have been told that each flat also has their own separate garden which is physically separated. I bought the registry details from land registry and it says that "the freehold land...." which is fine. However, in…
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Mortgage with additional borrowing to extend lease
Hi Just after some help and wondering if anyone has encountered this before? Myself and my partner have found a property we really like. It is a leasehold flat with 75 years remaining on the lease. The owner has accepted an offer for 138k and agreed to put an application in to extend the lease before he sells so we can…
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Remortgage
Hi all. Just a quick one as I'm so impatient lol Have sent back mortgage offer bits and pieces all signed and will be with the lender tomorrow. Just wondering what the time scale is from when they receive the paperwork to releasing the funds? The lender is Cheshire. Many thanks x
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First time buying - Mortgage options
Hi All, First time poster here. I am really interested in owning my own house so have started looking at the option of buying however I am a little confused with what my best options are in terms of a deposit. My salary is £34,500 pa, with about £4500 of overtime and bonuses a year, although I'm not sure if this will count…
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Nationwide Mortgage Application
Hi, We have just had an offer accepted on a property we would like to purchase (first time buyers) our offer was accepted at 87K and we have a £10200 deposit (10K gifted deposit from girlfriend). Nationwide have given us a DIP (Who I bank with) for more than we wanted to borrow, I am currently employed under a FTC for the…
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mortgage advice for 70+
I am 71 next birthday, mortgage free and would like to move house. Our net annual income is just over 20k in pensions. Would appreciate advice on lenders who will lend to over 70s for 5 years or more. I estimate needing about 30k. Many thanks
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5.5 weeks and no house valuation!
We are in the process of moving house if all goes well with the mortgage application, however I am getting increasing worried about our buyer. It is 5.5 weeks since we accepted his offer and there has still been no house valuation done, I am on the phone to the estate agents on a daily basis and every day it changes when…
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Offer and Valuation
Hello I am after some thoughts/advice. I had an offer accepted on a property and am borrowing with an LTV of 36%. Am awaiting the homebuyers report and trying to do some forward thinking. As we know valuing a house is not an exact science. If the valuation comes back lower than the offer that was accepted am I right in…
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Re-mortgage and buy to let advice
Hi all, We're looking to relocate to a better area and considering two options. We've had the estate agents around and they're confident they can get us 130K for our house, or 125K if we are in a rush. Apparently, at this price it'll go overnight. We've got 65K left on our mortgage. This should raise enough money for a…
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remortgage or new deal
Hi. I'm currently pondering whether to switch to a new fixed rate deal with same lender OR re-mortgage to find a better fixed deal with another lender. I'll probably need a broker to help in either scenario. Would anyone be so kind to tell me how much a broker fee would be for this: 1. switching to new deals or 2. finding…
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Borrowing more to fund a conservatory?
We've never borrowed more on a mortgage (other than to move house) and not sure how it all works... we'd be very grateful for any advice. Moved in December 2014 to a new build, purchase price £250k. £212k mortgage with Nationwide (85% LTV which was the max they would lend on a new build), rest equity/cash. Currently we…
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Mortgage Advice
Hi all, I have been accept for a mortgage , a full credit history search has been completed, but I now don't feel I had the best deal. I have not sent them any documents relating to my wages but I have had a surveyor contact me today. I did not arrange anything with them, as the house I am purchasing is a private sale. I…
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How Long To Approve an Application
I have my late father's flat on the market, I accepted an offer nearly 4 weeks ago now and we have been waiting for the buyer to have their mortgage approved. Is this length of time usual? If they were going to be turned down then it would have happened before now I would imagine? I think it is a BTL purchase.
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Is this legal?
This is a bit of a strange one that I've never heard of before and I wondered if it was legal? My brother in law owns two flats - they're the upstairs and downstairs flat in a terraced property. It seems that he has one mortgage covering both flats. Now he wants to sell one of the flats but the mortgage company is…
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default - any chance of getting a mortgage
Hi, I am after some advice/help if possible. My partner and I are looking at buying our first property. We will be looking at properties around £100k and will be putting a 10% depositdown. I earn £20k an year and my partner earns £12k They problem is my partner has a settled default on her account (only 12 months old). I…
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Broker help! Poor credit
Hi. My husband and I were looking to buy a house next year once his bankruptcy has dropped from his credit file, but the perfect house has come on the market at a reasonable price. Is there any chance for us? He has bankruptcy due to drop off in January 2016, and I have defaults which will drop off September next year. We…
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First Time Buyer (not quite..) help and advice!
Hello everyone, I am after a bit of guidance reference getting my first property. It's not entirely straight forward as although this will be my first house I am currently named on my Sisters mortgage as when she first took her mortgage out it enabled her to get on the ladder. Whether this was a good move or not at the…
