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Oustanding Credit and Mortgage Offer
Hi My wife and I received our mortgage offer a while ago. We should be moving to our new property at the end of August or early September. There is a condition of mortgage offer that states: "You have declared an intention to repay some or all of your outstanding credit commitments. The mortgage advance has been assessed…
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Buying out ex-partner
Just wanting some pointing in the right direction please. Splitting with my partner, been together 7 years (not married), bought house 4.5 years ago. Still need to have discussions re. next steps, but I want to propose buying him out. Just want to get my head around the basics and see if it's feasible first - he always did…
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10% overpayment query
Hi Just a quickie. I currently have a tracking offset and I'm considering taking a long term fixed in the coming months. How exactly does the penalty free 10% overpayment on those types of mortgages typically work. Is it 10% of the original loan (for example a 300k mortgage) so you could knock 30k off each year. Or is it…
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My first remortgage
hi all, ive been in my first home for nearly two year now and its finally come to the point that i can remortgage, i'm after some advice on where to go. currently owe 143,000 with a property value of 200,000 (the price i paid) so around 72% ltv. my current rate is 3.19% with repayments at £735 ive got a telephone…
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will this be a problem??
Hi, would appreciate anyones informed advice!! we have sold our house (yay) and had an offer accepted on our next one (double yay). The people buying ours our first time buyers and keen to move quickly as they have there tenancy coming to an end. this is all fair enough and they we are preety much ready to exchange on that…
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Credit scores
Hi there, Can my wife and I be accepted for a mortgage if my credit score is excellent and her's is poor? Thanks in advance
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A better mortgage deal
We tried re-mortgaging with the bank we've been with for 20 years but failed the affordability checks so we contacted our existing mortgage company to ask If they can offer a better deal, they also want to do affordability checks. My husband told them about the deal Martin struck whereas they don't need to do them for…
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NatWest Application Declined but Excellent Credit Score
I was wondering if anyone else had encountered similar problems, with NatWest or any other lender, and what their resolution was . . . So me and my Wife still have a year left on our NatWest mortgage on our current property. We are purchasing a new property and need further borrowing. To avoid the early repayment charge we…
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Mortgage and house extension
Hiya Sorry not sure if the correct part (can admin move it to the right place if not? Thank you :-) ) We took out a mortgage in 2008 house was 110000 and we took out a mortgage for 80000. We have approx. 60000 left on the mortgage which ends in 17 years time, I will be 50. It is a small 2 bed starter home. Living room…
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Halifax first time buyer!
Hi! So myself and my partner have had an agreement in principle with Halifax. We have 15% deposit and all seems well however I have some gambling transactions on my bank statements and I'm wondering if anyone has any experience of this and whether the mortgage will be offered? Any idea what they look for guys? Thanks
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Do we stay with current lender
Just need a bit of advice we have been with Nationwide for 8 yrs we are on the base rateplus 2% we can change to a new product for 2 yrs and our mortgage will go down about £80 a month ! Would you advise to stay With the mortgage we already have are swap to another product . We are also unsure whether to lend a bit more…
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Natwest put a cap on HTB Equity Loan
Thought I'd just start this as a new thread because it's information I didn't know about and may well affect other peoples decision in using Natwest. I am buying a new build property and want to use the HTB Equity Loan. I have 15% deposit to add to the mix so effectively am looking for 65% LTV on a £270k property. Natwest…
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Mortgage and Mesher Order
I am looking for a new mortgage but there will also be a second charge on the house relating to a Mesher Order. LTV for the mortgage will be 50% or just under. Affordability criteria doesn't seem to be an issue. Second charge will be for a fixed sum payable to my ex at the usual trigger points for a Mesher, the one I am…
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can you wait if you need to?
Im just wondering we have had a mortgage offer in principal, and may be reserving a house tommorow but our advisor will visit us next week and were a bit unsure about my partners previous bank statements for the past few months, say we put some money down, and she visits us next week and sees his statements, if she thinks…
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Have a buy to let mortgage which my son wants to buy
hello there in a bit of a situation at the moment. i have a buy to let property say the house house is worth £160000. My sons wants to buy the property and didnt know whether i could let him have it for what my mortgage is worth say £100000.I would do this for him because as you know first buyers are struggling with big…
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Coventry launch 10 year fix at 2.39% (50% LTV)
It's started... Low rates here we come :beer: Realistically this will be useful only for remortgagers with a lot of equity. A 65% LTV version also available at 2.49% Guardian article
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Valuation
When do you hear of any valuation issues if there are any with the survey? We've gone along to the mortgage centre now after approval, do we take it that the valuation is in line?
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Refused permission to let while conveyancing
My mortgaged property has been for sale for some time & a buyer has come forward who wishes to rent the property for 6mth whilst going ahead to buy it. Barclays have refused me permission to let since their letting criteria says I must reoccupy the property at the end of the tenancy, obviously this is not possible as by…
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Paid a lump sum to my mortgage but the payment remained the same.
Hi all, I had a mortgage outstanding of £80,000. Recently i paid £40,000 to it as a lump sum. My mortgage payment was on an interest only basis at a rate of 4.95% and so was £330 per month (4.95/100*80,000/12 months=£330 per month). After i made the lump sum payment i expected the payment to go down to £165…
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Bank of England announcement & Mortgages above shops
My partner is having a nightmare with a flat she owns. I was wondering if anyone who frequents this forum might be able to shed some light on or offer any suggestions regarding her situation? My partner owns a 2 bedroom flat in Walthamstow. The flat is very spacious and in good repair. However, it is on a main road and…
