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A long and complicated one (mortgage advise)
It might be helpful if I lay out the figures first House bought April 2014 = £125,000 Mortgage left = £112,850 House value now = £160,000 ...therefore £47,150 in equity We would be looking to put down a £25,000 deposit on a £189,000 house. Me and my partner are both in our early twenties so securing a 35 or 40 year…
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Witnessing a mortgage deed
All My girlfriend and I are buying a property and need the above witnessing. Can my signature be witnessed by her parents and her signature by mine? The only instructions I have are that the witness must be over 18 and not a relative. Or would the above be classed as a relative even though we are unmarried? Thanks
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NI number inaccuracy
About to apply for my mortgage, and just noticed that my employer has put my NI number down wrong so it's not correct on any of my payslips. They are going to amend going forward, but I'm terrified that this will cause a decline with the lender? I've asked my broker the question but he won't come back to me straight away,…
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if I miss out on the end of my fixed rate deal...
Hoping someone might help out on this one as I’m not having much luck with Mr Google. So the fixed deal on my mortgage is coming to an end on Oct 1st. Already in August with the help of a broker I look at switching to a new fixed deal. I provide all the requested documents to the new bank (payslips, P60, EA valuation…
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Miselling of an Interest-Only Mortgage
Hi I am after some advice on behalf of a relative in relation to potential misselling of an interest only mortgage. I have read several webpages and there are several points which would confirm this, however I understand that its not as easy at that. The mortgage was sold thorugh a broker under the name of Matrix…
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Endowment (with shortfall) ending 12 months before mortgage - advice
We have a 25 year initial endwoment mortgage, with another one added later for a house move over 18 years - both ending in February 2017. For some reason that I can't fathom, one of the endowments for the mortgages ends a year early in February 2016 - we predict a £12,000 shortfall on this endowment. Before I call Aviva…
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Mortgage ending in 15 months - so no discount deal -help!
A loyal Principality mortgage holder for 23+ years. Interest only mortgage (!) ending in 15 months. Principality have been good over the years offering discount or fixed deals as a previous deal finishes. Last deal finishes this week so contacted to see what new deal was on offer, the answer was that we have 15 months to…
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What protection should my wife and I get?
We're getting close to exchanging on our first mortgage now (I hope) so I'm starting to look into insurances for us both. I'm currently the main income, wife on maternity leave for another 8 months. When she goes back to work I'll still be main income in the short-term but she has far more opportunity to increase her wage…
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Nationwide DIP Refer
Hi Me and my husband did an online DIP with nationwide on the 18th Septembet which was referred... The requested all of the proof eg wage slips, bank statement etc etc... These were sent on the 24th and now still waiting for anyone to get back to us. Does anyone have any experience with nationwide? Any reason why the…
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Gifted deposits from family
Hello, I have got a question which I'm abit unsure about; I'm I the process of buying a house. I'm getting a gifted deposit from sister and mother. Just wanted to know how the deposit gets transferred from buyer to seller. Should I ask my family members to transfer their gift deposit into my account? So it's ready for me…
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Mortgage just for me & not my hubbie?!?
Hi All, I am looking for a remortgage but will be a tricky case & one broker has said no chance but am after your advice... I am wanting to remortgage to release 10k equity. Current Morgage 117k owed & house value 170k. Issues the broker mentioned: I have a 3 year old default for £22k which was settled in full within 3…
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When to begin?
Hi all, I posted a while ago regarding my grad scheme and when to begin talking to brokers. I now have a permanent contract (same T&C's but will be increased in March) and we currently have around £16000. We have seen a house that we really like the look of for £150'000 but are reluctant to go and view until we know we…
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Potential off the record questions for surveyors
Hi guys, I am looking to buy a semi detached house and survey is booked for tomorrow. Do you guys think, I should attend the survey myself as well? I asked the estate agent and he says that I am not allowed to meet the surveyor. is this correct? It is the basic evaluation that is booked. Also, do you guys recommend any off…
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Santander Mortgage Application Underwriters?
Hi my application has been approved by the underwriters i am now awaiting a survey which is booked for October 7th (feels like forever away). Am i nearly there? I assume we've passed some sort of credit check and so long as valuation is ok we will receive an offer? Fingers crossed! Are there any other pit falls to avoid?
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Architects cert Kensington New Build
Hiya I hope someone can help ! Maybe a broker who has experience with Kensington Mortgages !! We are selling a self build, a new build from 2009. Kensington Mortgages want from my buyer a 10 year warranty. They clearly state they can accept an Architect certificate but architect certificates are only ever issued for 6…
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Calculation Help
Hi, we currently have a mortgage with Halifax and have 49860 remaining. We have 33years and 3 months remaining and current deal ends in December. Looking on Halifax website and I can not renew into a longer fixed term (of which we want as want some stability whilst our first child is growing up) I will also be looking…
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Buildings insurance for completion?
We have recently agreed a completion date for our move into out first house and our solicitor is asking us to get out buildings insurance in place now and also they are asking for the payment off the whole deposit now and their payment. the completion date is the 6th of November, the solicitor is asking is to get our…
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Accountant needed for mortgage application?
I am currently in the process of applying for a mortgage with The Coventry. Whilst I have satisfied their loan criteria for income, I do have a slight issue as they are insisting on an accountant's reference for my Limited Company accounts. My problem is that I have completed the accounts myself (it is a very small company…
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Do surveyors give much of an indication of value.
So I have been worried about the survey valuation of my current home which I want to remortgage to a buy to let then move on. The surveyor came today, he had a quick look around asked a few question about any changes ect. Anyway before he left and after clarifying the agreed price (I know it's a remorgage), I tried to quiz…
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Buying a house for my parents. They are providing the deposit
Hi All, I think I need a little help with what my options could be under the following circumstances... My parents are currently in rented accommodation and want to cut their monthly expenditure before retirement. I would love to help them out by taking out a mortgage for a property for them to live in, at minimal rent to…
