-
To trust the surveyors judgement or to pull out that is the question
I'd appreciate readers views on this sticky situation We are in the process of obtaining a valuation for a property that we put an offer in for. The lender said they cannot value the property as it has structural movement and we need a structural engineer to produce a report. Anyway today the structural engineer went to…
-
First Time Buyer
My son is desparate to get his first foot on the property ladder. It's a long time since we bought property or looked for a mortgage. Is there somewhere he can look to get an idea of how much of a mortgage he would get and how much of a deposit he would need.
-
LTV on new builds
is it true that lenders will only go to 80% LTV on a new build property? Been looking at a few lenders websites and this seems quite common which is a bit of a worry. We might be around 82%.
-
Mortgage broker fee??
Hello all, I have just received my invoice reminder from my Independant Morgage Advisor. He sent his initial bill after he provided me with a mortgage on my new house. However my current house sale fell through therefore could not proceed with the new one. Am I still liable for the full amount or should this be cancelled…
-
Accuracy of mortgage calculators
Hi guys, How accurate are mortgage calculators on Bank/Building Society websites in terms of how much you can borrow (as long a the figures you enter are correct) e.g the Nationwide one? The same with Decisions in Principle. Can anybody give an insight?
-
Mortgage on short lease - Santander now requires 99 years
I have recently been turned down for a mortgage by Santander because the lease on the flat I was buying was 'only' 69years and they, I was told, always require 99 years. What gets me is that I was only told about their 99 year lease policy after the valuation was done having spend lots of money. I was simply told I should…
-
FTB New build - Internal job promotion/ house delays
Hi all - long time reader of these forums but first time poster, hoping some of you have some advice for me :) We are FTB buying a new build (contracts exchanged back in January) with the view that the house would be completed by July/Aug, with the longstop date put into the contract as 28th Aug. Mortgage all went through…
-
underwriter declined let to buy mortgage
[FONT="]Hi Just had an application for a let to buy mortgage declined by a senior underwriter. The reason given was:[/FONT] [FONT="]“ I can confirm that our senior underwriting have declined this application as the onward residential purchase is of much less value and less desirable than the security.”[/FONT]…
-
Mortgage Broker wanted for over 70s
Are there any mortgage brokers here that can assist me with a search for a lender? I am 73 and would be looking for a reduced term of no more than 15 years.
-
Shared ownership - need to reduce payments
My husband and I bought our shared ownership property in 2002 with a mortgage of £45k - in 2012 I bought out his share and paid off our joint debts with an additional mortgage of £11.5k. 12 years are now left on both mortgages balance is about £40k I think. Mortgages are with Nationwide. I am currently pregnant and will be…
-
Help in a mess on tenants in common issuet
Here's the situation. Three of us cash purchased a property and own it as tenants in common equal shares. The thing is I have 'loaned one of the owners a proportion of the cash needed for their share (I paid part of their share) on the understanding that they would 'get a mortgage' (I don't know what we were thinking of!)…
-
Good mortgage lenders for debt consolidation?
Hi, I'm in a good position, financially, but apparently this means I'm rubbing people's noses in it. I was looking to re-mortgage with my current bank (HSBC), but cos this forum is full of people who are quick to judge, it was useless posting any request for help!
-
Mortgage When at Risk of Redundancy
Hello My first post so be gentle. My workplace is currently going through the consultation period for redundancies. The area I work in consists of 41 people of which 1 will be made redundant. The process has been on-going for a number of months and is likely to continue for another 3-4 months before I am no longer at risk.…
-
Remortgaging if disabled
Hello, our fixed rate with our current mortgage provider is due for renewal next year. Since having the mortgage my husband has developed an eye condition and is now unfortunately registered blind. due to this he was no longer able to continue with his previous job. he is now on ESA (support group), higher PIP living and…
-
Affordability Check
Hi all Firstly, apologies if my query has previously been asked by another poster. I will be coming to the end of my 2 year fix at 2.23% with an outstanding balance (at the end date of 31st December) of circa £76500. Currently my LTV is 47.83% and salary is £30000. This will be my first experience of the affordability…
-
Mortgage Income Proof
Let say you earn 20k a year and you get 2k in child tax credit etc a year. Could you tell your bank that your earnings are 22k instead of 20k. Please advice. Cheers
-
Is there anything we can do about a missold endowment?
We took out an endowment mortgage in the mid 90s. Were only showed figures that paid off the mortgage and gave us an additional £15000/20000/25000 lump sum. Now all we get is misleading statements that claim there's a shortfall, but don't really tell us what it is as there's nothing solid about the actual profits of the…
-
Remortgage AFTER completing DMP
Hi all. Looking for a little help here. In 2006 I started a debt management plan. I'd accrued somewhere in the region of 8k in debts and I wanted to do the responsible thing, pay them off, learn my lesson etc. I completed this plan Aug 2014. Yay! My mortgage is currently with NRAM who were nationalised in 2008. My fixed…
-
How much saved to really get the ball rolling?
Hi all, Myself and my partner are saving for our first house and looking at a 10% deposit. I have read numerous articles and threads about golden rules for what the percentage of income should go towards mortgage repayments and what hidden fees and moving costs are like but I haven't read anywhere what point to seek a…
-
Virgin Money Mortgage experience?
Hey! I have a Decision In Principle with Virgin Money for a house I am looking at buying. It is a new build, 15% deposit and 85% LTV Being a FTB, I am convinced it is going to not pass through the next stages. Does anyone have experience of using Virgin Money and how it went? My broker was VERY thorough with my outgoings…
