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Valuation... What next??
I have my valuation booked for next week. If that goes fine, what are the next steps?? Solicitors have already completed searches. Also any idea on timescales from valuation to completion? Thanks :)
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Fixed term contract ..possible mortgage?
Does anyone have any experience of a young professional....dentist in her training year,being successful in getting a mortgage approved if her first position is a 1 year fixed term contract. I would be grateful for any advice Thank you:)
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Nationwide mortgage/help to buy
Good afternoon, I currently have a nationwide mortgage on a 2 year fix until August, I have just under 150k left I'm now hopefully going to buy a new build with help to buy, I need to borrow 150k, my current mortgage can be ported but not sure if I can combine with help to buy, my get out fee is 3000, I wanted to avoid…
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Gov. Guarentee hitch
Hi, After recently buying our 3 bed house we had our 3rd baby. Ideally I want the 3 children to all have their own bedrooms. 4 bed houses seem out of reach for our borrowing so I thought about extending our 3bed into a 4bed. After phoning netwest to see how much we would be able to remortgage for to build the extension, I…
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Natwest mortgage
Hi all I submitted a mortgage application with Natwest on Monday. Yesterday I received a letter from the surveyor saying they had been instructed. Does anyone have any idea of current time frames for Natwest at the moment? Also if the surveyor has been instructed does this mean it has gone through underwriting already? We…
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Halifax Re Mortgage and Late Payment Advice (Worrying!)
Hi Everyone, I have come here as I know people here are both knowledgeable and very friendly and more importantly honest! My question is this, currently in the process of remortgaging with Halifax. Currently at the halfway point with optima legal as we now have the redemption figure and just about to complete some change…
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Do we need for a mortgage adviser?
I suppose it could be argued, if I need to ask the question, we probably do. First time buyer. Cost of house £115,000. Deposit £40,00. Leaving a £75,000 mortgage over 25 years Gross income £21,000, no debts. I have made enquiries and have spoken to a mortgage adviser who has quoted £395 for his services, which included…
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Is there any hope? Maybe one for a broker?
Morning all Spent yet another restless night worrying about the future :( In a nutshell we have been forced to start a DMP by a drastic drop in income brought about by the low oil price (we are self employed thru own Ltd co working with oil companies). Anyway, we have a lot of unsecured debts which are now in a DMP. Debt…
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Which to apply for first; mortgage or credit card?
I'm looking to move house in June to start a new job, and will be getting a relocation package from work to pay for reasonable expenses up to £5000 to cover the cost of selling/buying/moving. I'm just getting my flat moving on the market, and have in mind that I'll temporarily put solicitors fees/removals van etc. on an…
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Moving home - mortgage help please!!
My husband and I sold our flat over a month ago and have been searching for a new home ever since. This weekend we found the perfect house but we would have to offer substantially more than the home report value in order to secure a sale. This would mean we'd need a mortgage for 100% of the value while we would pay a…
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Break up - Transfer or Assumption of Mortgage
Hello - and thanks in advance. I co own a property with my partner, so we are both registered as owners and we have a joint mortgage. We are separating though and my partner says it's possible to have my name removed from the mortgage agreement, and they or A.N.Other will take on responsibility of paying the mortgage an…
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Conditions on mortgage. Re-inspection by lender
Mortgage offer is subject to the following special condition. "The repairs detailed in the valuation report must be carried out immediately after completion. We reserve the right to re-inspect the propert at later date". Does lenders actually send someone around for re-inspection? After how long? I'll be carrying out all…
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Mortgage balance gone up by £200?
I have a mortgage with Natwest, and recently set up a regaular overpayment a couple of months back. I logged in this evening to check that this was being applied, and was a little shocked to see that the balance had mysteriously increased by £200. I double checked this with my Experian account, which shows the lower figure…
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Ex partner wants money from home
Hi everyone Just posting this for a bit of clarity really I split from my partner around 2 years ago now, we were never married, the mortgage on my home is only in my name I received a letter recently from ex' solicitors that he wanted equity from the sale of the house, it stated jointly owned on the letter - which is not…
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buy to let mortgage
Are you able to take out a buy to let mortgage on a holiday let property? or do these have specific mortgages? the property would be let on a 1-2 week basis, also if you lived in it for say 2 months over winter when holiday guests wasn't booked up would this affect your mortgage and would you be allowed? Are the mortgages…
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Remortgage within the fixed term
Hi, We have the following issue. We bought our house 2.5 years ago on a 5 year fix (!!) for 3.79% (80% LTV) Based on the valuation of 2.5 years ago, our mortgage is now 65% because we overpayed a bit. Now i am thinking the following. Shopping around, I can see that i can get trackers for less than 1.5% for a 65%. So that…
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New deal advice
Had a letter this monrning from Nationwide about changing my mortgage if I wanted. Currently I am on the Base Mortgage Rate (BMR) which is gurannted to be no more than 2% above the Bank of England base rate, so currently it's 2.5%. I have £34,159 remaining with 16 years and 8 months left. At the moment I pay £257 a month,…
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Property Investment
Can I buy an investment property, without having to get a buy to let mortgage?. I have paid off the mortgage on my residential property that I live in, and so could easily manage the mortgage on a second property, without having to get tenants into pay mortgage.
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Help with mortgage deal
Hello My 5 year fixed rate is ending in April and I don't know what to do so I am asking for advice from this lovely community. Here are some of the details: Balance - £36,071.36 Term - 15 years & 3 months Repayment type - Capital & Interest I am with Natwest and here are the available options for me: Product type /…
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Mortgage offer and new job
Hello... We've currently exchanged contracts for a new build house and have a mortgage approved. We're just waiting for completion now so we can move in. We've been told our house completion is August (could be July) but I could have a start date (at the new job) of 1st August. Our mortgage offer is with Halifax. I've been…
