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Boosting deposit
Hi, We're needing to boost our deposit by about £1000 as we have decided on a different house on a new build development. We can afford to bung this in to our savings this month from our normal salaries (by tightening our belt further of course) but it will be much more than we have normally saved in previous months. Is…
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Lender survey 72950. House price 84950
Hi All, I asked Santander to be my lender. I received call today: Survey valuation is 12000 £ lower than my offer accepted by seller. I have no spare 12 k. Any idea what to do now ? Is this normal to see that big difference ?
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Nationwide overpayment charges
hi, need a bit of clarification here.... looking at their products, it states... Early repayment charge applies if overpayments are made that exceed 10% per year of the initial loan amount or if you exit your deal early so if I was borrowing 70k then I could overpay up to 7k per year. ? and that would stay the same each…
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Nationwide valuation/offer
Hello, I have my nationwide mortgage valuation coming up, proving its all ok how long is it usually until you hear if you have your offer? I remember last time I got a text to say valuation was fine and offer will be in the post but can't remember if it was the same day or not Thanks!
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How much of an issue is gap in employment?
Hello. I have a question regarding a mortgage application. I have an advisor/broker who helped me and my parter obtain an agreement in principle. Having now had a house offer accepted, we're due to proceed. The issue is, the rate I've been given is approximately 3.8%. When looking at mortgage comparison sites, for the same…
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Understanding mortgage settlement and ERC
Hi all Hoping you can help me understand a situation. Our house is under offer and we have an ERC to pay if we end mortgage prior to 30th Sep. Our completion date looks to be pencilled in for middle of Sep and we are moving into rented accommodation. Could someone pls help me understand if I can keep paying the mortgage on…
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MSE News: Seven-day mortgage switching proposed in Government consultation
Plans to give homeowners the option of switching their mortgage provider within just one week are being considered...Read the full story: 'Seven-day mortgage switching proposed in Government consultation' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
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Need help to choose 2 years or 3 years fixed
Hi. This is my current scene. I have received two options from woolwich to remortgage my flat. Remaining mortgage: 200 k First option is for 2 years fixed at 1.77% with £999 application fee. Second is for 3 years fixed at 2.29% with same application fee. Now based on current market, base rate, brexit referendum and future…
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Moving to another fixed rate mortgage with same company
My 3 year Fixed rate runs out in 2 months. If I take out another 3 year fix would it start straight away or after the 2 months is up.? Also has anyone taken out a fixed rate and then ported the mortgage to a new property say 1 month into the new fixed rate?. We are with Nationwide but looking for a property at the moment.…
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Bad credit mortgage advice
Hi, I was looking for some very general advice around the chances of getting a mortgage later this year and estimated interest rates. Six or seven years ago I got into financial trouble that resulted in my entering a DMP. As a result of the DMP I resulted in the following defaults being registered on my account. December…
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Right to buy mortgage, bad credit?
I am currently living in a 1 bedroom council flat, and have been for 6 years. I have recently come into some money, so instead of sitting it in the bank I wish to invest it. My flat is worth around £110k, I will be eligible for a around a £55k discount and I have 30k for a deposit. So I only really need a mortgage for 25k.…
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First time buyer...help pleas
Morning all, Just after a little advice as this is all new...shall start from the beginning. I got offered a AIP with natwest..fab, found perfect house, offer accepted! Upon mortgages application it was declined, advisor suggest a good broker to use...so off I go to him. I have a 10% deposit for a house of £170,000, earn…
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Just how bad is it?
Family member recently bought a new build on HTB with her partner - the partner paid in no money in deposit, paid no mortgage payments, basically paid nothing. The family member stumped up the deposit, paid for the mortgage payments, all furniture and content (apart from a bed and sofa the partner bought on finance). They…
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Endowment: keep or cash in?
Hi everyone, We have an endowment policy with Friends Provident that matures early 2017. We have been offered a £10,000 bonus to cash it in now (would we still get this at the end?). Our initial thought was to just hold on until the end and keep our fingers crossed, after all it covers us for life insurance and the…
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Aunt couldn't pay off her mortgage
This query is on behalf of my aunt, who is 61 years old (recently made redundant after one major accident), living on job seeker and disability living allowance at the moment. She has one house which is valued around 410000 GBP. Due to this unforeseen accident, she still has 75000 outstanding on her Mortgage. Mortgage term…
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remortgage owned outright home to fund self build
Could anybody please advise if this is possible . We currently own outright a 300k house and have about 60k in savings . No debts of any kind between my wife and I . We have found a nice plot with a near derelict bungalow on it for sale for 200k but has not yet got planning permission. Is there any way we could secure a…
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Non-qualified accountant submitting accoubts for mortgage
Hi I am in the process of setting up a company and thinking ahead for future mortgage application. Can I use a non-chartered, part qualified accountant to certify my accounts for mortgage? A friend of mine is training and I would prefer him to do my accounts, he knows my business well, he's very experienced and I trust him…
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AIP help
Hi, Me and my fiance have been looking to buy a house for the last year. We have so far viewed over 20 properties and made offers on a few. It has been such a struggle as all our offers have been rejected as there is so much competition from people who seem to go above asking price. During this period we have had two AIP's…
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2nd Home stamp duty if in separate names?...and mortgage 4 years after an IVA?
Dear Forum; I live with my long term partner and children in a house we own, though the mortgage is in her name. There is a holiday home we are interested in also buying, which I can afford on my own salary alone. If we were to buy this in my name, would this still count as a second home and thus the increased stamp…
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Porting, top up, new deal???
Hi all I've recently had an offer accepted on a property and we've also sold our property. We are currently in a 3 year fixed rate mortgage deal with nationwide of which there are 8 months remaining. I've got a decision in principal and i'm awaiting a phone call this week from Nationwide's mortgage advisor who will go…
