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Natwest Mortgage Valuation
Hi Guys, Going through a broker and applied for a mortgage with Natwest beginning of last week. The valuation took place today, how long is it normally before Natwest make their decision? They requested Payslips, bank statements and ID all of which were sent last week so i'm assuming they have everything to make their…
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Soft credit checks
Do soft credit checks show up on all credit reference agencies data? We got an AIP from Halifax back in October through a broker, but this is not showing up when I check ClearScore (which I know uses data from Equifax)? But the one our solicitor did is showing there? Many thanks
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Transferring HTB ISA into LISA
Hi all I currently have £3,800 in my HTB ISA. With the new Lifetime ISA going live next month, am I better off transferring what will be £4,000 at the time into the LISA? What I'm really asking is, if you can save up to a maximum of £4,000 a year in the LISA, and I transfer £4,000 straight in from my HTB ISA, is that my…
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First time buyer
Hi, I was wondering if anyone could give me some advise. I am looking at buying my first property. I've seen a flat at offers over £109,995 with a home report value of £115,000. I have savings of £25,000 but looking to put £15,000 towards a deposit and the remainder towards additional fees etc. Before I make an offer I…
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Mortgage Promise
Has anybody had an endowment pay out recently and got extra from the Mortgage Promise??
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Lender asked for more docs
Hi all Applying for a joint 95% mortgage with Natwest. They came back today through the broker and asked for more documents... a council tax bill for our current address, my partner's account statement for her catalogue account and my second, part-time job referee name... Is this a bad sign or just the underwriters doing…
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Ditch My fix for 10 year 2.49%
Hi, I'm currently ine the process of puchasing a new house taking on a bigger mortgage and due to the likely hood of rate rises in the future are considering breaking my current mortgage deal and inccurring the ERC details below: Current Situation Current mortage - £170k Rate 2.79% fixed until Aug 19 (29 month remaining of…
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Let to Buy & 95% LTV
Hi, I've tried google but haven't had a great deal of luck. Can anyone advise if many lenders will offer a new residential mortgage at 95% LTV with a Let to Buy in the background? I've posted on here before and received a great deal of help. The situation is that myself and my girlfriend are buying a house early next year…
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Solicitors
Hoping someone could shed any advice. 1st time buyer. So our house is currently been built. They have the walls and electrical in. So completion about 4 weeks away. My question is should I be checking on the solicitor regularly to push them. As ever time I ask a question it's like it's hard work for a reply. And at £1900 I…
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FTB: need a mortgage broker?
I've done so much reading of material online - including posts on this forum but I feel like I'm now just drawing out the process and need to simply jump in! But wanted to clarify a few final queries: - Should we use a mortgage broker? I am of the belief that we can handle the whole process ourselves; our circumstances…
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Bank messed up porting/transferring my mortgage
Hi all, I just need a little help as to what to do. I had a mortgage with a bank and then I moved house borrowing a bit more. My mortgage offer I went for a fixed rate X%. I was on a fixed rate Y% on my original mortgage until Nov16 and then I was told to switch this to the new X% rate for Dec16 onwards and then when I…
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Cashing in Endowment early to pay mortgage
I was looking some advice. I currently pay £160 pounds per month into my Standard Life Endowment. I have been paying this for 19 years and its now worth £43,000. I currently owe £58,000 on mortgage after paying some off with savings over the last few years. My 4 year fixed rate has come to an end and i was thinking of…
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Getting onto the property ladder
Hi All I've been saving what literally feels like FORVER and I'm hoping this year is the time for me to buy my first property. I have £8,000 saved to date for a deposit and by August should have £13,000. Been working at my full time job 2 years currently earning £22k per annum picking up £1500 after tax. I also work an…
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Bidding war above house value
Hey, selling my house and had an asking price of around the market value. Type of house is sought after so lots of interest and offers. Ended up accepting an offer above the initial asking price. Survey done a few days ago and comes back with market value order the original asking price. Buyer now wants to buy it at…
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Does Royal Mail postal redirection leave a footprint?
I'm changing address at the moment and went to do the Royal Mail redirection. However, on the last page it started asking me questions like "You opened ____ account last year, who was it with? and When did you last take out a mobile phone contract?" I cancelled the application and it said it had been unsuccessful as it had…
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First time buyer - parents mortgaging property?
Hi all, So I asked on here previously about my options as a first time buyer with earnings lower than necessary for a mortgage. I'll give you the situation below, hopefully it makes sense. I am a student with a job lined up at around 23k per year. The salary is expected to rise quickly. My parents are looking to downsize…
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'Night out' money
Hi, Quick question. My husband is an HGV driver and works away regularly each week. For every night out he gets £26 (tax free) that is listed as expenses on his payslip. Would this income be taken into consideration as income when applying for a mortgage or not? We have been messed around by an estate agent based broker (I…
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Declaring addresses for last three years
When me and my wife started renting together three years ago we stayed at our first place for only a year and didn't change our electoral roll addresses from our parents while there. We are registered at our current place now though. What should we declare during our application? Our current address and previous one where…
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Trouble remortgaging
Hey all, we are trying to remortgage and extend the amount to cover finishing an extension. We were both working and child free when we got our mortgage, we paid a substantial deposit and now owe just over 100k over 20 years. We want to fix for 7 years and take an additional 30k to finish a large extension to the rear of…
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Second time buyer - can anyone answer my stupid questions?
Hi all. Sorry if these questions seem stupid but im having a hard time understanding all this. My wife an I currently have a mortgage with £82k left to pay on our first property that we purchased for £110k (11k deposit £99k mortgage). We are looking to move this summer and have had the house valued at £200k. Now where im…
