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Precise mortgages timeline
I know- ask my broker, you can't change what will happen, it takes as long as it takes, etc etc etc... I am sensible, I know all that! But just wondered if anyone with any experience with them could advise what sort of timeframe we're looking at with our Precise application, just to calm me down? Full app went in on 30/09,…
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Selling house/Porting mortgage
I really don't know a whole lot about mortgages, so please excuse my ignorance! We bought our first house in Feb this year. The house cost £181,500 and we got a 95%, 25 year mortgage from Nationwide. The mortgage has a two year fixed interest rate. If we pay it back before Feb 2017 we have to pay a 2% early repayment fee.…
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Shared Ownership
I am a house owner with a mortgage - does this mean I cannot do a shared ownership?
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Fair credit file- joint mortgage application
Hi there, I am just wondering if anyone can offer me some advice before going into any formal steps of looking at mortgages! My partner and I both have fair credit ratings, his due to lack of previous credit and mine due to 2 late phone payments (conseq) 4 years ago and 2 late shopping account payments in the last 2 years(…
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FTB waiting for mortgage offer
Hello We have applied for a mortgage through leeds bs.We have had the valuation done and searches all good came back last week.My husband is the first app earning 25k a year, I am the 2nd app,I earn 6k a year for 3 years I'm on a zero hr contract as im a care worker.We are asking to lend 79k and have a deposit of 15k the…
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Certified copy of ID after completion
My partner and I recently bought a new build and the purchase was completed on 25 September. On 29 September, we got an email from the mortgage broker congratulating us and saying that they noticed that we never provided them with certified copies of our ID's and we need to get this done. I know that we provided someone…
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Mortgage Calculators for Property portfolios
Morning I’m hoping I’m in the right section; basically I’mconsidering within the next year purchasing a second home, and moving in withthe better half. We both have properties,but for current work situations and location of existing abodes it’s not reallyviable. Basically I’m looking for advice or if someone hasdone the…
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Remortgaging woes, is it just me?
First up, I'm new so if this is in the wrong place don't lynch me :) Cutting a long story short, when I first applied for my mortgage the property was worth £280k, I was borrowing £180k and the joint income was £60k per year Roll forward 10 yearsyears The property is with £400k+ The mortgage is down to £116k Joint income…
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First mortgage, contractor soon going perm
I've been contracting for 7+ years with the odd break here and there. Come January I'll have 2 solid years across 2 roles. I'm likely going perm in around 6 weeks and wondered what timing people would recommend. If done on contract I could borrow 250k, whereas perm salary being lower...approx 200k. Will going perm mean I'd…
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Credit checks (for broadband etc) before mortgage application?
I'm hopefully going to be buying a house in the near future as a first time buyer... it could be tomorrow or it could be in 9 months, just depends when the right property comes on the market. I recently took out a new contract hire lease vehicle (2 weeks ago) so a credit check will have been performed for this. My…
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Mortgage Application
Hi Guys, It was just a quick question. I applied for a mortgage back in Feb, however it was declined due to not having enough deposit. My question is: Do previous applications stay on file or do they get rid of your details due to not actually holding on account with them? I have been told they do and don't because…
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Adding Early Repayment Charge to New Mortgage
I have been doing some calculations and worked out that if I remortgaged now, despite nearly £4k early repayment charge being added to a new mortgage, the new lower interest rates on offer means I could save £120 a month on repayments and still owe the same amount of capital back after 2 years (which is when the current…
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Mortgage Part Porting Fee
Hi there! Back in the summer I completed on a new property purchase seeling my old property and buying a new one. Since I was 2 years into a fixed deal and the lender wanted me to pay a fee of circa £10K to close the original mortgage, I decided to port the mortgage. Plus as I was buying a slightly cheaper property I…
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Getting the keys
Hi all, Just wanted to ask how long does it take before I get the keys to my new house. I'm a first time buyer so have no experience with purchasing a house. 5/10 offer accepted on house 6/10 full mortgage application submitted 7/10 valuation carried out 8/10 phone call from MA advising mortgage offer in post 10/10…
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Mortgage on Temp contracts?
I am hoping someone can help! My younger son (32) has spent the last 3 or 4 years on temp contracts (agency work) - sometimes for a few months, the last one for 6 months ( just finished) so he can show that he has worked in his bank statements, but seems impossible for him to get a mortgage. He has saved £30k for deposit…
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Moving out of property and renting it out
I intend on buying a house, renting a couple of rooms out to help cover the mortgage, and then moving on in a few years time - at which point the property would be entirely rented. Is it likely that the mortgage provider would look at this unfavourably as I will have been given a normal mortgage as opposed to a buy to let?…
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Had Pay-day loan once, 3 years ago. Will it affect my mortgage application?
So question quite simple. Three years ago, I had an emergency situation and borrowed few hundred pounds from a pay-day loan. I have paid it back as required and never had one after that. Actually, I am also debt free (me and my wife both have credit cards from our bank LLoyds, issued more than a year ago, which balances…
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Short mortgage vs 25yr mortgage
Hi all, I saw a mortgage advisor recently who spoke what seemed like a lot of common sense at the time. We had previously been looking at the (what we thought were) standard, 25 year mortgage, on the advice of parents to buy big and then not move too much. (as they did in their day, mortgage to the hilt and gradually pay…
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Gazumped!
AArrghhh! Buying in Scotland. We have been waiting over a week now for the sellers solicitors to conclude missives after a 7 week process of getting mortgage etc.. Mortgage offer came through after a few weeks which was stressful enough, but we found out yesterday at 4.30pm after a call from the estate agent that someone…
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Santander new property
Can you change a property after getting an offer from Santander without another credit search? Have 3 hard searches now!!
