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Natwest Driving me Insane!
Hi all First time here so please don't be too rough! I'm wondering if there are any mortgage advisors out there with any experience of using Natwest. My situation is as follows: Due to redundancy, I got into a pickle with finances over 7 years ago. Long story short, I got back on my feet, fought the good fight and all that…
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2 Year Fixed Mortgage
Having contacted an independent broker for a 2 year fixed mortgage deal without any set up fees on a 15 year term, L&C came back with Santander and Barclays as most favourable at 1.79% and 1.89% respectively. As you may know Santander offer a 1% monthly cash back on the mortgage payment if you hold their 123 account. We’re…
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Applying for a mortgage with potential physical disability looming
Hello, I'm a 46 year old expat that has been living in London for a few years. I would like to apply for a first-time mortgage that, given my age, I will be re-paying until my retirement. However, I have a health condition that causes me back pain, among other symptoms. I'm worried that this may get worse over the years,…
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Any advice re getting a mortgage please
Hi we currently have 15k of debt and 42k equity in our home. The house is too small we need to move. 5k is in my name on a dmp since 2009. Defaults are from 2011-2012 apart from one for £200 which didnt default until 2015. The other 10k in husbands name. One default of 2k as we disputed vanquis interest rate, they passed…
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Applying for a mortgage - lots of questions
Hello - I hope someone can help me please? And also apologies if I'm misinformed - things have changed a lot it seems since I took out a mortgage last. I've had a small mortgage for 13 years, due to interest rates since our fixed rate ended its always been pretty much the same amount. The equity in our home is between £30k…
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Re-mortgage advise please!
Hello, So my partner and I have been accepted a offer on a development project. Its been structurally surveyed and all is good. It needs modernising and central heat etc put in. It would be a first time buy for both of us. Il self employed and my partners income is slightly on the low side but we bring in around £30k per…
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Can't get mortgage to pay back bridging loan
Hi All, I'm trying to get a mortgage on the house i bought using a bridging loan. The mainstream lenders say they can't provide a mortgage to cover a bridging loàn. Why..? Any suggestions as to where I may be able to get a mortgage would be greatly appreciated..! Thank you.
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Broker or Lender to blame? Application submitted 2 weeks ago, no valuation booked yet
Just trying to work out who is at fault here. Long story short, the broker submitted the application on June 23 (Thursday), saying that I should expect the valuation to be booked in for the following week. By the Monday I had not yet heard anything, so I called the broker, who said that the lender (Woolwich) have a 48 hour…
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Mortgage Offer Reflection Period
Hello Can someone explain what the above is? I have 2 option and don't understand either.
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Deposit
The solicitor is asking for the deposit of 10% but ours is more, should we transfer the whole lot?
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Filling out form
Hi I'm buying a property with my wife, on the paperwork it asks do we wish to hold the tenancy joint or common equal shares. What's the difference?
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Is now the right time to re-mortgage
Hi All, My Mortgage expires in October, but I have been told I can lock in a new deal from mid July. I'm currently on a 3.39% fixed and was looking at staying with Natwest and moving to the 1.64% tracker or 1.74% fixed. My LTV is 59% Given the uncertain times and the expectation of a rate cut am I better off waiting before…
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Getting a new mortgage with bad credit rating
My husband and I currently have a mortgage. We need to relocate for my husbands work. The problem is we both have poor credit. We are unsure if we would be able to get a mortgage to enable us to move closer to hubby's job. Where we live currently the mortgage is slightly less than half the current value of the house. If we…
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Virgin Money
In Feb 2016 I had offers accepted on two properties that I was intending to use as Buy to Lets. The seller of one house wished to continue to live in the house as a tenant while she sought another property to buy. The seller of the other house wished to continue to live in the house as a tenant in the medium - long term…
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Can I still get a mortgage although I am over 50?
I have paid off my mortgage but in the current in environment my children cannot get together a deposit. Can I release some of the equity off my house?
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Precise Mortgages - how long from application to offer?
Hi all, I've searched for answers to this, but can't find anything recent. If anyone has dealt with Precise recently, I'd appreciate any insight into your timelines? Thanks in advance
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Overpayment Reserve
I am keeping an old mortgage of Nationwide that lets me "borrow back" any overpayment without question. It's rate is 2.5% at the moment (2% over BoE rate). Is there anything stopping me just overpaying this until there is a tiny balance left and then just leaving this tiny amount knowing that I can effectively get a "loan"…
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Leeds Building Society product switch
Hi, We currently have a mortgage with Leeds BS and being first time buyers with a small deposit (95% mort) buying in a National Park area we are paying a whopping 4.89%!! Our three year deal is due to end later this year and through overpayments i have managed to raise our share to 10%. Does anyone have any knowledge of…
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Re-mortgage without a job but have a pension
Hi Quick question for all you mortgage brokers out there: I leave the Forces shortly and at the same time my 5 yr fix ends. I should have around £140k left on the mortgage (approx value £350k). My wife earns £40k pa and I will have a pension income of £11k pa. Although I'm not working, can I use my pension as income as the…
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overpayment - please explain this to me!
hi I have a 5 year fixed mortgage taken out in April 2012 with post office (bank of Ireland) and I have been putting extra money in mortgage (whenever I can) through overpayments over the phone by debit card. Post office always reduce my monthly outgoings and when in the past i have verbally questioned them they said its…
