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Don't want to waste brokers time
Hi, Just wanted to get some opinions from here regarding whether it will be worth me going to see a broker or if a mortgage will be a complete non-starter. Looking for a mortgage in 6 months - 1 years time if possible. I appreciate that with the situation we have that a broker will definitely be neccessary. Would be…
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Mortgage revoke query.
hi Guys, Just a quick question, can a bank (Halifax) revoke the mortgage offer once the contract has been exchanged and you are waiting for completion? if yes, is it usual? or on a very rare occasions? Thanks
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Credit history and mortage
Hello, Having been unlucky we now have 3 hard searches from mortgage applications on houses purchase that fell through. I also paid for the valuation on my credit card as I was told this would have no effect of my credit score. We are now apply for a new mortgage 4.6 x income and getting worried it will effect our…
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Overpayment or Remortgage?
My mortgage moves to a variable tracker rate in March 2016, at which time a prepayment penalty also expires. My intention was to remortgage at that time, with a slightly smaller mortgage (ie I'd use my savings to in essence pay off part of the mortgage and thus apply for a smaller amount than my current mortgage). However…
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Existing Woolwich customer looking to increase borrowing
Hi all, meeting with Woolwich (Barclays) to discuss a house move and extra borrowing next week and would appreciate any input from mortgage brokers etc. who deal with them/anyone who has moved house with them with vaguely similar circumstances. * Flat sold, we will realise about £55k from the sale (sale price - existing…
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Redeeming 1 of 2 Mortgages from same lender
I have an endowment maturing and want to pay off one of two mortgage products on the same property with YBS. Enquired today and was told any overpayment or redemption would go against the mortgage with the lower rate (BOE+0.75%) first, rather than the higher product (3.5% fix). Is this standard practice, cant find anything…
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First time buyer - full panic mode!
Hi everyone just looking for some advice and hopefully reassurance. My partner and I are buying our first home and have a 10% deposit. We had a decision in principle with nationwide and had an offer accepted on a lovely house. Unfortunately the valuation has come back and nationwide say it is worth £10,000 less than our…
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Residential mortgages - is interest only possible?
Deposit would be in the region of 50-60% (over 500k) Ltd company contractor and salaried employee. Joint income fluctuates with dividends taken bonuses etc. Ideal would be minimal monthly payments with opportunity to over pay large lump sums 1-2times a year. Aim is to pay off from income/savings in 7-10yrs. There is no…
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Newbie... But have a Q!
Hello - I am new to the forum and wanted to get some advice really. I apologise in advance if there's rules here I need to follow or if I have posted this in the wrong place. Basically, my partner has a mortgage. He only has £48k left to pay. His flat is on the market with offers of £235k. He and I have reserved a plot at…
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Career confusion
Hello, I have a job in Mortgage arrears - collection. Does anyone know of the career ladder for this type of job? I'm thinking long term and I would like to know where I could end up. Many thanks
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Mortgages through intermediaries
Does anyone know of a website which will search mortgages available only through intermediaries? I prefer to do the research myself and then simply use a broker to access the product. Thanks
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First time London property buyer looking for a mortgage
Hi all, Completely new to the property game but I have unfortunately been offered the opportunity due to unforeseen circumstances. I stand to inherit an amount of money which would give me a £130-£140k deposit. My background: - 24-year-old law graduate - £30k salary - Roughly £10k bonus - No debt As there is not much…
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Kensington mortgage - are we near offer?
Wondering whether anyone could advise... Have put a full application in with Kensington. Packaged well as far as I could determine. Thought they would ask for loads more things, but came back with a couple of missing items, which they actually had already but must have mislaid. Valuation was last week (passed ok).…
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Work probation
Hi, My girlfriend and I are looking to buy a property together. She has an existing flat and mortgage (about 50% paid off) which she wants to turn into a buy-to-let as it's in an 'up and coming' part of London and she expects value to further appreciate. I don't really agree with buy-to-let but that's another matter and…
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Underwriters
Hopefully a quick question. We found out that our mortgage application is with the "underwriter". Is this normal? My past experience with underwriters (insurance) is there is a borderline case or there is a problem requiring specialist intervention and decision making. Is that the case with mortgages or is it just part of…
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Broker advised cannot get mortgage
I engaged a broker to helm me re-mortgage and he has now advised that he cannot get an agreement in principle. He's not able to advise me what is preventing this but I assume it is either affordability or a default on my credit report. Some information that may help answer my query: I had a default logged in March 2010,…
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Halifax £500 cashback
After going through a broker, it seems that when moving home staying with Halifax and porting my existing mortgage, is the best option for me. Partly because they are offering £500 "available to home movers who apply between 17th August and 11th October 2015."…
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New mortgage soon: pay off all or part of credit card
Hello, I am going to be buying a new property and getting a new mortgage in early December. I have £1,382 on my credit card (it was £1600 last month) (it's not a massive amount but is still something) Between now and December I could : (a) pay it all off - this I could do by changning my spending habits for the next three…
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Trying to find a mortgage
We're in the process of trying to get a mortgage on a house we have had an offer accepted on. We were declined a 90% LTV mortgage and have now managed to raise slightly more deposit to get it to 85%. The decline was due to 'past credit history'. We did have a bad credit rating, following a DMP but according to Experian my…
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Remortgage Catch 22
I'm in a catch 22 situation, I bought a wonderful house at auction using a mortgage and have financed the renovation of it using 0% deals on credit cards. These deals are now lapsing and the plan to re-mortgage (on the improved house) to pay off the cards has floundered. Unfortunately as I'm registering £50k in credit card…
