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Have I been daft?
First post so apologies if this in in the wrong section...... We got our full mortgage offer from the Halifax about six weeks ago and are currently waiting to exchange. The delay has been down to the buyers of our current property having a few issues with their lender but all sorted now. Anyway, over the last few weeks I…
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House mortgage paid off, commercial property...
Hi, I have my house mortgage paid off. 30 years old and the house is worth about £200,000. I wish to purchase a commercial property (shop) to form part of my pension. I already have a buy-to-let property (not doing anymore of these given the turbulance at the moment) I could purchase this through a limited company which…
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Remortgage - figures not adding up
Need some help as nothing is making sense! I applied for my remortgage months ago. It was too early for my current lender to provide me with an exit balance so when I applied for the mortgage I was told to apply for an amount which will cover everything and they will only actually charge for what is required to pay off the…
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If sale falls through after mortgage offer?
Just curious if anyone knows what happens if a house purchase falls through after receiving the mortgage offer? Say I was to then find another property to buy of a similar price would I have to go through the whole application process again? It's with Natwest. Thanks
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Mortgage Valuation
So, we had the valuation survey done on 29th June, and now in the application tracker it gives us a valuation rebuild/reinstatement figure - but I'm not sure what this means and what happens with the valuation, what impact can it have on our mortgage application? I've tried googling but still no wiser! Thanks :)
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PRevious PDL - Will they effect mortage app
Hello, I'm in the process of looking for my first home however previously in the past I have had various PDLs and am worried it will put a stop to the whole thing? The last 1 was 2 and a half years ago (Jan 2015) and I have since improved my credit rating to a top rating (i.e. 5 out of 5 or top alternative scores.) I have…
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SIgning over half house implications
I'm asking this query on behalf of a work colleague, They have been in a relationship for many years they have 1 grown up child, which still live at home, joint mortgage nearly finished, so a lot of equity, He is a estranged partner he has gambling issues, she is concerned he may get into and get some loan secured on…
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Previous owner no mortgage options
Hi, I used to own a flat with a friend, which we lost money on and sold. I'm now coming back to looking into potential mortgages / first time buyer schemes, but i'm struggling to work out what schemes will actually class me as a first time buyer if in fact I was a previous owner. I actually lost money on property during…
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Changing Mortgage Companies
Son has had an offer accepted on a house and is in the process of applying for a mortgage. He's got a DIP from Natwest but would now like to go with Nationwide. Assuming Nationwide accept him is it easy to change from Natwest? No offer from Natwest has been made yet he's literally just sent the signed paperwork off.…
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Remortgaging and extension to property
Hi Hopefully someone can help me with this one.....I've never had a mortgage before and my 5 year fixed comes to an end in may 2018 and looking to remortgage I've done quite well in the 5 years - house was £310k, mortgage was for £150k and have £27k left on the mortgage I am thinking of doing an extension to the property…
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Mortgage help
I am 45 years old first time buyer.my fiance and I currently live seperately and we both have two children.The childrens ages are 18,16,15,8. My fiance currently has a mortgage for her property and we are looking to move in together and buying a new build house,I currently rent from a housing association.My fiance will be…
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product fee
what is the benefit of paying the product fee on a mortgage? we have settled on a remortgage on a 2 year fix and below are the comparisons £408.81 for 2 years with £999 product fee £421.70 with no fee This means over the 2 years it only an extra cost of £309.36 at which point we would look to remortgage. This makes the…
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Delete this
please delete this
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Buying half a house
My father and his wife are getting divorced. Their house is paid for and mortgage free, but I would like to buy out his wife so he can stay there. She is happy with this, because she's never paid anything into the house and he only put her on the deeds because she wouldn't let it go until he did. I'll be glad to see the…
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Logic Behind Single/Joint Applications
I just looked at the basic calculator here, I put in my salary and got a result. I added a second application for my partner with theirs and got another result. If you do both of our salaries as single applicants the total varies by 100k - anyone know the logic behind this?
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Relationship Split
Hi, I have a joint mortgage with my partner, we bought a new build last year (01.07.16) so assume there's no equity. I put in more than he did initially with savings. If the mortgage company agrees to let me keep it on would I just owe the deposit money back to him or also half the mortgage payments he's made too? We also…
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Copy of old mortgage redemption statement?
I need a copy of a mortgage redemption statement from the Woolwich BS. from 2007, but they said they don't have access to it anymore, where can I get a copy? Land registry perhaps?
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Think mortgage term is wrong
Hi When we took our mortgage out (7 years ago) husband is sure we signed a 25 year mortgage. Today whilst talking i looked at our mortgage online and it states we have 23 years remaining, obviously indicating a 30 year mortgage. He is adimant he wouldnt have agreed to a 30. We are kicking ourselves for not noticing but…
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Can I get a mortgage at 22?
Hello everybody, I am 22 and wanted to know if it would be possible for me to get mortgage. I live in Bournemouth and house prices are not that cheap down here I must say! Could probably get a flat for around £100,000-£120,000. I earn £19,500 a year so £1377 a month after tax etc. After all my bills I have around £700…
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Hard print left after getting agreement in principle!!
Hi guys my partner and I are first time buyers and have been doing everything through a mortgage broker. After getting our Agreement in Principle last Thursday I got my credit report update on Saturday advising my score had dropped. On investigation I discovered this was due to a hard search by Nat West. I was under the…
