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Brokers chase lender?
Hi all, Some background, we submitted all our docs and full application to TSB on 19th June, but due to several cancelled and rearranged valuations this whole thing has dragged on and on. Finally got the valuation done on Monday (27th Jul) and have had the report to say all okay. Our problem now is that a simple no chain…
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ftb help
My partner and I were told we could only get a mortgage for 60k aa she is not working at the minute. I was offered 108k on my own. However, her grandparents offered me their old home for 20-30k less than valuation as a concessionary mortgage. I was told by L&C that this shouldn't be a problem . Then the next day someone…
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Birmingham Midshires end
Hi I need some advice. I have had a mortgage with Birmingham Midshires for 21 years. It ends 14th July 2016. I had a letter to say thank you for my custom. To ensure it will be fully complete by that date payments must increase to 343 ( an extra 500 plus a year) there will be a shortfall. I wrote to query and asked what…
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2nd mortgage on new home as old home lived in by ex-wife
Hi forum people… I am sure I am not alone in this situation but I am also sure it is not too common… but here goes… I bought a house during the boom, and it now it in negative equity (by about £15k). I got divorced around 18 months ago, and my ex-wife still lives in that house with the kids whereas I rent a house…
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Getting a mortgage as over 66
I'm 66 have a mortgage with about 8 years still to run. Does any one know which companies, if any, will offer mortgages for people of my age as I want to see if I can better deal than with my current lender. Thanks in advance.
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Offset mortgage and 2 year deals
I'm considering FD 2 year offset fee saver. Current mortgage balance is 43,000 with current accessible savings of around £70,000. I plan to borrow £125,000 to cover renovations. The plan is each payment instalment I make I will take from savings to top up the offset savings so the balance should be 0 interest. I don't…
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Mortgage offer what if build is delayed?
We have had our mortgage offer valid until march 31st 2016. The build is due to complete sometime in March. Im just wondering if the build is delayed for any reason such as the unpredictable weather we have here in the UK can the application be extended or would it need to be reapplied for? Its our first buy so not sure…
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Fix or stay on variable rate?
Hi there I'd really appreciate advice - I currently have a nationwide mortgage of 2.5% - it's variable but always promises to be only 2% above the base rate. I've overpaid & have a fairly large amount I can draw down which is critical as I'm self employed. I can overpay as much or little as I like & can leave it when I…
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Remortgage choice of 3. What's in it?
I am about to remortgage and there are 3 products I am interested in: I have 80% LTV, my current (own) valuation is 165K, I currently owe 116K but I want to borrow extra (for new roof and kitchen) so I am looking to borrow 132K I want a 5 yr fix, my employment contract (research fellow) is 3 yrs fixed term. I currently owe…
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Nationwide moving home coming off BMR
I have been on the nationwide BMR at the low rate and all the flexibility it offers. We have had an offer accepted and are going to stay with nationwide but I'm keen now to fix into a long term deal since the rates will rise and this is our 'forever' home. However, nationwide have much better rates if I am switching and…
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gifted deposits off landlord who happens to be a parent!!!
Hi all, new poster (first time buyer also!) Long story, me and my partner have rented our home from my mum for over 6 years. She wants to sell, we want to buy seems simple!? Oh no! Its so confusing! We're already starting from a bad point as my partner was declared bankrupt (now discharged 6years - technically off his…
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Contract and mortgage amount
We have a contract for £70,000+ (UK government project) which we are signing and about to start work on. Also, if you were to do a forward projection of our company it would show that turnover/profit is due to double this year. Are these thing that would be considered when applying for a mortgage? Thanks for any guidance :)
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occupiers consent form
HI, My partner is applying for an extension to their mortgage. As they are the sole lender, the mortgage company require me to complete a form of consent. I would have assumed that this would have been a fairly easy process, but I am wrong. Occupiers form of consent seems to terrify solicitors secretaries into telling all…
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Overpayments lost forever?
For the past few years I have been overpaying on mortgage with every spare penny we have got. It means we have no savings at all. Now after a couple of health scares and jobs looking less secure it seems wiser to have some savings especially as mortgage rates are lower than savings rates up to a point. Put in an…
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Advice on remortgage for house with improvements completed
Hi all, I'm new to this forum as I'm a bit stumped on what to do regarding a potential remortgage...grateful for any advice. My wife and I moved into a property a year ago. Got the house for a rock bottom price of £250k. This purchase was mortgaged using 2 products from Nationwide. Product 1 is an old product carried over…
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occupiers consent form
HI, My partner is applying for an extension to their mortgage. As they are the sole lender, the mortgage company require me to complete a form of consent. I would have assumed that this would have been a fairly easy process, but I am wrong. Occupiers form of consent seems to terrify solicitors secretaries into telling all…
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Mortgage application - broker or straight through bank?
Hi I'm about to apply for a mortgage. An initial chat with my bank (HSBC) suggested I could go through them and that "affordibility" looked fine. However I don't have a great credit history: Several missed payments and one default - although don't know what that actually related too (account I'm not familiar with) i have a…
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Mortgage with PayDayLoans history.
Hi Guys, I am struggling to get a mortgage because I had two defaults from PayDayLoans back in November 2012 - one from Wonga and one from QuickQuid. Both of the defaults were satisfied and paid. I met a mortgage advisor last week and he said there are some lenders who will lend me but the problem is I had another…
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Mortgage help.
Hi, I'm not sure if anyone can help me or not. Infact I am very doubtful, but thought here was worth a good try. In 2007 (when house prices were at their highest!) myself and my now husband bought a new build property together. It was on the market for 152k . As we were first time buyers and new in our careers etc, we were…
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Mortgage offer Halifax
Recieved our mortgage offer on monday with Halifax and were due to exchange contract with bellway by the 14th. How long should we now wait before contacting the solicitors? We have had the offer through will the solicitors action this ASAP or should we chase them? We havent had any updates from them atall since paying them…
