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Mortgage Valuation - does valuer know the asking price?
Hi All, New to the forum. I just wondered if when a mortgage valuation is done, if the valuer is told what the original asking price was, or just what the agreed sale price was? I ask, as we paid 12k over the asking price (for us, it IS worth it), and are a little worried that the valuation will come in low. There is also…
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Morgage Exit Fees
Hi, we have a joint mortgage, and are 3 years in a 5 year fixed deal. We need to move house (space) and have noticed there is a exit fee of £5000, - we are looking to increase our mortgage by around 100k - but are worried about the exit fee, is there anyway around this. Thanks in advance.
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Mortgage that will allow a separate holiday let?
Hi all Just wondering if anyone can offer any advice. We're looking at a property that has a small holiday let in the garden (not part of the main house, a separate log cabin). I've just spoken to First Direct (my preferred mortgage co) and they will not allow mortgages in this situation - no part of the property can be…
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Guarantor mortgages help ?
Can anyone give me a rough and idiots guide to how they work ? For example I'm looking at purchasing a property soon, the property's I've been looking at go for around £100k I have a deposit of around £20000 and can get a mortgage of roughly £62k, is it likely I would be accepted for another 20k with a guarantor ? Also how…
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BTL Mortgages - Salary Restrictions
Good afternoon, wonder if anyone can help... I am stuck with my current mortgage lender when I could be getting a much better rate of interest and saving money. The only thing preventing me from switching to a better deal is my low salary, which doesn't seem that significant as the rent covers the mortgage (pays for…
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Better LTV or mortgage with credit Card
Hello I was wondering if anyone would share their thoughts on this idea. Looking to remortgage next year but we wont have enough paid down to get into a better LTV banding for better mortgage products. I was thinking about getting one of the 3 years interest free credit cards currently available and paying a cash advance…
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What to do first??
Me & my partner are looking to get a mortgage soon. We have saved a 10% deposit and 2k for fees & now we are in the process of saving up for extra funds for decorating and any work we want doing, hopefully another 2-3 paydays of saving & we will be ready. We want to go to an independent mortgage advisor in order to get the…
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In a DMP - Applying for a mortgage
We are in a DMP with 11k left to pay from 30K. All accounts were defaulted but have fallen off the credit report and we have a good score. When applying for a mortgage will they know we are in a DMP as long as we don't go with the companies that we are in a DMP with. Should we get out of the DMP?
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MIP - Advice on maximum loan amount
Hi all, firstly many thanks for your time and assistance today. Really after some advice, I've had an AIP for 3 months on a new build property, which has been delayed and delayed - sellers will not take a reservation until 6 months prior to completion - exchanging within 28 days of reservation. When we looked at the…
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First mortgage - Broker vs moneysupermarket deals
Hi guys, I've just put in my first offer on a 2 bed flat, all very exciting! I have used the services of a mortgage advisor and they have been very helpful in searching for deals for me. I'm at 84% LTV so should be getting half decent rates. The broker has found me: 2 year fixed with a rate of 2.39% for the first two…
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Mortgage with one SA302 and one accountant's income reference
Hi there, I have just finished my second year self employed but I have to wait until April to get my Yr 2 SA302. My accountant is going to provide a letter detailing proof of my income for Yr 2 so I can take my first SA302 and that letter to a lender. Anyone know which high street banks will proceed with that rather than…
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Available options for me
Hi, Currently selling my 2 bed house, its on the market for 90k. I currently owe 55k on my current house. I'm looking at purchasing a slightly bigger house which is currently on the market at 135k. As the market is slow, is it worth me trying to keep the house and rent out? Similar properties in the area are £450/£500 a…
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valuation to offer_TMW time scale
Valuation done by TMW(The Mortgage Works-Nationwide's buy to let site) ten days ago for buy to let property. Still hasn't received the offer letter. The last footprint from them on my credit report was when we applied for the AIP. Do they underwrite after the valuation? Does anyone know of their procedure and time scale?…
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Advice on selling a house re:mortgages
Hi all, I have recently bought my first home and would value some information and advice about selling the property in the future. Please forgive me for sounding a bit dense when it comes to these things, but this is the first time I have got a mortgage and am still confused as to how things work when it comes to selling…
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FTB BTL Small Mortgage
Hi, First time poster so please be gentle! I'm 33 years old and have recently been fortunate enough to inherit approximately £190000 and I'm looking to buy my first property. However, I have lived and worked outside of the UK for the last four years and, while I'm in the UK currently, from later this year I will be living…
