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Mortgage Offer Extension
Hi all, We had a mortgage Offer from NatWest in October which is valid until 24/03/17. Our developers are doing what they can to complete by this date but have advised it will be down to the NHBC inspection times as to whether they meet this date. The completion date they have advised is 30/03/17 My question is, is we have…
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Total Income £1,166.67 off Mortgage Allowence
Hi, My partner and I have applied for a mortgage and earn £40,500 between us. The mortgage allowance is 4.5 times the amount we earn, meaning £182,250. The mortgage we need is £187,500. The builders have offered to pay £5,250 as a 'gifted deposit' which we thought was amazing, meaning we could get our mortgage. This comes…
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LTV Restrictions when owning a 2nd property
Hi, as mentioned in some of my previous posts, myself and my Girlfriend are looking to purchase a house towards the end of the year. We will be keeping her current flat on as a let to buy. I've been looking around at some mortgage providers and noticed, some have max LTV of 90% when you own another property. Is this a…
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Preparing my credit file for a mortgage application
Hi, I’m looking for advice on how to prepare my credit rating for applying for a mortgage in six months’ time? A bit of financial info: I have two defaults (satisfied) on my credit file. Default 1 is about to drop off my file in March and default 2 (old phone contract) is going to be four years old in May. I’ve been…
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Ready to apply for first time mortgage?
Hi Everyone We have been saving for about two years now, me and my partner both have the help to buy isa and been paying £200 into each one, we got a call from our bank and they did a search while on the phone and said we can receive upto £190,000 mortgage and they can issue a letter for estate agents now if we want to. We…
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Options for imminent retiree?
Hi folks. My dad's about to turn 65 and has an interest-only mortgage on his house which the lender are insisting he repays by his birthday - he doesn't quite have enough. At the same time, my sister - who lives with him - has run up credit card debts that he wants to get sorted, so he's looking to use equity in his home…
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bank overvalued house for remortgage
Any advice appreciated.... We are switching our mortgage to get a better deal. I spent quite some time researching to find the best deal for us. We currently owe £186k on a house I believe is worth around 260k, giving an LTV of 72%. The mortgage i applied for a 5-year fix which has a max LTV of 75%. The application went…
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Small amount of mortgage left - deal possible?
I have decided to pay of the bulk of my mortgage at the end of my current deal, I will be left with £7500 owing. My mortgage has 2 years left to run. Does anyone know if it is possible to get a fixed rate deal on this amount or will I have to pay the SVR of 4.5%. My mortgage is with Santander. Thank you in advance of any…
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DIP Credit check 1 or 2
Nationwide did a hard search for my DIP... a couple of weeks ago. Will they do another for the full mortgage offer? As that one search Lowered my credit score! :mad: :money:
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Paying off my debt prior to mortgage application
Hello Excuse my financial ignorance. We are looking to move to a larger house this year, so require a larger mortgage. I have owned my house for about 3years and at a modest valuation I have 60k of equity in my 220k house. I would like to pay off 10k worth of credit card debt before moving. A family member has offered to…
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Repayment or Interest only overpayment
Hi I am a newbie so apologies if this is posted in wrong place! I have a 76k mortgage with 13 years to run. It is approx 38k repayment and 38k interest only. The interest rate on both parts of the mortgage is the same, is low and is fixed for the full term I will shortly be in a position to overpay a lump sum of approx…
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Moving back in to my own BTL
Hi Further to a question I asked yesterday it is now seeming very likely that come April I will need to move back into my flat (bought as residential, remortgaged as a BTL in December of last year) NatWest initially told me that if I was happy to keep the BTL rate then they would allow me to do a straight swap to a…
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Mortgage application worries
Applied with halifax for mortgage, 40% deposit and self employed, dip accepted for amount needed Full application gone in, checked credit report and it's low score and on poor Will this cause issues I have no credit debt at all
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Broker confusion
Saw our broker today, which is the 1st time since our offer was accepted. All payslips etc taken. He then worked out income etc and said it looked promising. Said we could go Halifax and we should know by tomorrow the outcome and he would get us in to finalise and sign on Wednesday and we would pay then application fee…
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Remortgage and home improvement?
Hello I'd like to understand whether lenders are open to me remortgaging and at the same time adding 20k to the mortgage for me to use as home improvement. By way of reference the property is worth about 135k and there is 91.5k o/s on the current mortgage. Many thanks
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Mortgage after Trust Deed
I have a trust deed which is 54 months old. I was in a bit of debt when younger and thought it was the best way out. I actually came out of the trust deed myself and paid off all my debt. I've defaulted accounts which are fully settled showing on my credit file plus the trust deed. all defaults are over 4 years old. I now…
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Early repayment charge
I'm fairly sure there's nothing I can do, but I'd just thought I would see if there is a way around my situation. I took out a mortgage for £184,500. 5 year fixed. 3.74% (which is already high). I've paid £10,500 off (11months). Due to a change in circumstances we need to move location. I got a settlement figure today and…
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1st time buyer question
Hi, My daughter and her boyfriend are about to apply for their first mortgage. I have gifted a third of a fully paid student house to her last year. When I read the details about first time mortgages it seems unclear whether she would still be eligible. Any thoughts or advice please?
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Early repayment as lender in liquidation
Hi everyone, hopefully someone can help me. My mortgage lender has gone into administration and as a result, Target have been given the task of trying to get lenders to pay off their mortgages early and in return they are offering a discount. My question is, should I try to do this and if so, does anyone have any…
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AIP Hard search
We are going to be applying for our mortgage through Santander. I done an AIP with them online a few weeks back. It told me they would do a soft search which I have seen no evidence of on my report. Our mortgage broker done an AIP for us and I can see a hard search on our report for this. Is there a difference between the…
