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Mortgages & endowments

Archives for March 2017

Valuation complete but no offer
Valuation was completed 8 days ago by Kensington. Broker says it went fine. Employment references were sent and only query was regarding the second applicants method of working as it's a 2 hour commute. Hopefully the references have satisfied, but we still haven't received an offer. Any idea of this is normal for a case to…
Paying off debt before mortgage
Hi, The sale of our property is about to go through and from which we intend to pay off all our debts. We then want to apply for a new mortgage with existing lender (Nationwide) for the new house we've found (will be in serviced apartment at this point). Should we delay and wait 30days after paying every thing off for…
Porting Mortgage Question
Hiya I've just has my mortgage offer issued. I'm porting my current mortgage of 117k and borrowing an additional 30k The 117k is still within a 2yr fixed term period which ends in January 2018 The additional 30k will be on a new fixed term 2yr deal from when we complete on the purchase. In January am I able to 're fix a…
mortgage - paid cash in hand, legally. issues?
Question on behalf of my friend: I have been paid in cash for 1 year now, I have paid tax and am on the books. To obtain a mortgage, would I struggle? I can request to be paid via Bacs for foreseeable future, as I start a new role next month. I only ask as I am asked for 3 months bank statements which wouldn't show salary…
Mortgage with no income
I'm a student, I have £15k for my deposit but no official income as all my living expenses come from my parents. Are there any banks that will lend me the £85k I need to buy a studio flat? I could use my parents' house as collateral if that would help. The way I see it, instead of paying a landlord £500 a month on rent for…
How Close to Mortgage Renewal Gives Control?
Hi All, How close to renewal does a consumer need to be to have flexibility with their bank with regards to renewing a mortgage deal and not being culpable for the early exit charge? Or is it a case of on the day of renewal and not before?
Porting from Santander fixed rate with help to buy
Hi My brain is fried trying to work out what to do for the best Does anybody have any experience porting when moving house while tied into Santander fixed rate mortgage? To complicate matters we have a help to buy loan to pay back when/if we move house. a bit of background....due to uncertainties in the industry i work in…
Switching type of mortgage application
Hi everyone. We have recently applied for a mortgage with Halifax using Htb and a 10% deposit. Our application went through underwriters, and valuation has been done. Unfortunately our buyer pulled out of the sale at the last minute, leaving us devastated. Luckily the builder has offered to buy our home, and give us 5%…
Quick bank property valuation question
Hello, Wonder if anyone else can help with some perspective on the below? I've put an offer in on a property for £130k, which has been accepted. However, I've just noticed that a couple of 'similar properties' (based on Rightmove listings) sold for ~£120k on the same street within the last 3 months so I'm a dash concerned…
Advice needed, when will I receive my buy out sum after vacating property
Hello My ex and I spilt 5 years ago and I am currently residing in the property we jointly own. He is looking to buy me and we have agreed quite amicably the equity divide and how much each person wants from it so there doesn't seem to be any issues there! He has been offered a re-mortgage in principal which apparently…
Mortgage Meltdown
Hi All, Hoping someone can give me some advice on the below as I am currently going through a meltdown this week! So here goes... We have had an offer accepted on the house we are looking to buy. We have gone to our current lender and been through the mortgage application process. I was completely honest with the mortgage…
Apprentices Mortgage Chances
Hi, I would like to ask for some advice about apprentices and mortgages. I am currently saving to buy a house with my partner, however it is difficult to find out information on mortgages for apprentices. Firstly does anyone know what apprentices are classed as in terms of employment in the banks eyes? I'm not sure if they…
How much in fees?
Hi I am hoping to get a mortgage with part of my pension pot as deposit. But I dont want to get too much money out of pension. I have been quoted £550 plus VAT from a solicitor. I am buying my council house, so I am thinking I wont need a survey, but will it be compulsory? I am guessing the total fees from the solicitor…
Moving mortgage products
At the moment I have 4 mortgage products with the Nationwide. Two are fixed and two are on SMR's. I wish to move the two products on the SMR to another lender for a better deal. Is this possible and if so what sort of charges, if any, could I occur?
Keeping interest only mortgage or not?
I want to borrow an additional 6,000 on my mortgage, but only possible if I agree to change the mortgage from interest only to repayment. I have 14 years left. I understand reason for this as I know these mortgages are like golddust but am really happy with the flexibility of overpaying on interest only and match it to…
When did Egg stop accepting tracker mortgage applications?
Is there a way to find out when Egg stopped allowing people to open or switch to their tracker mortgage? Perhaps someone on here might know. I ask because I had a variable mortgage and changed to the tracker mortgage. About one month later, Egg stopped accepting applications. I haven't been able to find any documents to…
redemption amount messed up
on a house sale, the solicitor paid over the funds left after mortgage redemption and fees were paid. 24hrs later he rang to request £3000 back as there had been an error. i then used what was left to pay of an outstanding loan. 48hrs later, another phone call demanding another £2500 the solicitor had acted on a verbal…
Historical default, broker wants to place me with same lender?
Hi All, Broker wants to place me with Barclays. He is aware I had defaulted on a student account / overdraft with them many years ago. The default does not show on my credit file. He believes the adverse history should not be an issue? surely he is wrong? I am looking to obtain a 40% Help to Buy loan now and with my…
Help/advice for adverse credit buyer
Hi all, Background - We are looking at buying the house we currently rent. Our landlords have been amazing - reduced the value of the property by 5%, held off selling for as long as possible and have always been straight with us. They need to sell as they have financial commitments. We were aware of this from the beginning…
Late payments - 95% mortgage
Need some advice please!! I am hoping to buy a new build property at 359,995 with 5% deposit (£18k). Trying my hardest to avoid the H2B scheme so broker has suggested 95% mortgage which I am happy to do. Credit check went in today and came back with 5 late payments on an old credit card I had. Balance was cleared and…

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