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how long does a mortgage offer last?
just a quick question. If we put in a full application for a mortgage (no DIP) and it was granted - does it expire after a certain amount of time?
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Middle of buying property and credit search
Hi, We are in middle of buying our first property, which is going as anticipated. I am looking to switch mobile network provider to get a new phone contract, in doing that the new network provider will carry out a credit search. So I want to know how lender would see this credit search. Shall I hold fire until we complete…
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Compulsary Legal Advice
I have an existing joint mortgage with HSBC. I have asked to borrow £10k extra to purchase a car which will be registered in my name. The bank will not complete the additional lending without a legal letter stating my wife has received legal advice and understands the benefit is for me not her. I am told it is irrelevant…
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Changing to Tennants in Common
Hi, My sister and I have had a joint mortgage together for 4 years. I am now in the process of buying a house with my fianc!. But in order for my sister to stay in the house, I am staying on the mortgage for now (it's a bit complicated but that part is all sorted).We plan to switch it to Tenants in Common as she will…
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Bank Error in our favour "collect £100" or take bank to court!
* We entered into a mortgage agreement with Halifax for a fixed rate mortgage product. * We were existing customers and decided to stay with the lender, although we felt they had undervalued our house. * It turned out they undervalued our mortgage, they wrote to us saying we had overpaid for two years. And the extra money…
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An example of what we have to deal with
Below is a quote from my accountant in response to yet another request for the same document from the lender: "Dear xxx A completed version of this document was faxed to Nationwide on Friday, 26th February and the hard copy was also posted to your Swindon Office the same day. Subsequently a copy was also e-mailed to you on…
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Low valuation... gutted, what to do?
Hi everyone. Currently going through my first mortgage application so learning a lot! Today though I received a potentially terrible phone call. The place we have put in an offer in at £188k is apparently only worth £177.5k Now overpaying is one thing, so what... can suck it up being the place we want. However I didn't…
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Mortgage payment increase query
Hello, I'm wondering if anyone can give any advice for my mum re her mortgage. We can't get any sense from Nationwide. About 6 years ago she lost her job and Nationwide agreed that she could pay interest only on her mortgage. This went on for about 18 months. Once she was back in employment she paid the monthly mortgage…
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Death: mortgage left in joint name but divorced
Hi, I am the daughter of the deceased. My Dad was a joint holder of a mortgage along with my mother. My father and mother were divorced in 2013 with the legal decree awarding ownership of the property and its associated mortgage to my father. Upon his death, my brother and I informed Bank of Ireland. We were told to send…
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Interest-free Student Overdraft & Mortgage Application
Hi, Me and my partner are looking at buying our first house in June this year. We have been putting every penny into our savings accounts. I have a £600 interest free overdraft facility on my Natwest current account and i'm finding i'm using £400 of it every month. It is paid off in full every month with my wages. I have a…
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Need to borrow against my place to pay for renovating fianc!'s then sell mine
Hello. Advice needed. My fianc! and I need to borrow c £80k to pay for renovating his place - hopefully to be completed by Christmas. I have £120k equity in my place that we want to release to pay for the work, and then repay when I sell my place. My mortgage provider won't do such short term lending. Any recommendations…
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First TIme Buyers - a bit of a pickle
We’re in a bit of a sticky situation and could do with a little advice. Last year, my husband’s parents told us that they wanted to help us to get on the property ladder, and so were willing to give us £75k for a house deposit. My husband at the time had just started his business and had a part time job too to help with…
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When can we look?
Hello Everyone, So after struggling with credit history and getting to the point where getting a mortgage was a outrageous dream the impossible happened and Natwest granted us an AIP. We are over the moon! However we are now wondering at what point we can start looking for a property. We know we will have the full deposit…
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Declining income trend
My wife and I are looking to remortgage later this year once our five-year NatWest fix ends. We both get paid with a mix of PAYE, self-employed income and dividends. We are each directors of my business and each own 25% of it (my business partner and his wife also own 25% each). Our income over the last few years has a)…
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Getting a mortgage on 0 hour contract?
My partner and I are looking to buy our first home together soon but may have encountered a problem. I'm a full time college lecturer but my contract is technically a 0 hours one. This is now an extremely common thing in further education. The majority of my department are claims lecturers, like myself, sold a false…
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Co Op bank - No halifax listed to pay mortgage via SO
Hi everybody, I'm just looking in my Co Op bank account and thinking about setting up a standing order to pay a little off my Halifax mortgage a month, Only thing is the Halifax is not listed as a recipient and it says that I have to setup manually but I don't know what to enter in this bit:- Make sure you check these…
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Relationship of credit card balance to offered mortgage
I have a substantial cash deposit for my next house purchase (40-50% of purchase price). I also have a balance of just over £10k on a credit card which is interest free until the start of next year so I am just making minimum payments currently. Although I have a large deposit I will be right on the limits of how much I…
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Nationwide DIP questions
Hi All I'm using a whole of market broker to apply for a mortgage. After going through various details, she recommended trying with Nationwide. She has applied for a DIP for me from Nationwide, and said the DIP came back as 'accepted', and it has asked her to submit my most recent payslip and 1 months most recent bank…
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remortgage
hello please can you help ?I'm trying to remortgage my house which my farther and i own . can i do it on my own as my farther is 80 years of age which is to old for most lenders . we have no mortgage and i don't live there . we only wan't to update the property thanks !.
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Remortgage with Halifax
We have met with Halifax (our current mortgage provider) and have asked for my name to be added to the mortgage (currently only in hubby's name) and we have asked for an extra £25,000 for an extension. When we met with Halifax it was a 90 min meeting and we were asked to provide bank statements, proof of income, budget…
