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Leasehold and no management company
So we are currently in the process of buying a leasehold flat. Mortgage through Natwest. Solicitor has noted that the flat doesnt have a management company and is classed as absent landlord. The vendor has an indemnity policy in place from when she purchased the flat 5 years ago and this apparently stays with the flat for…
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Mortgage after BR and repossession
Hi again, I have another thread running but had a more specific question so started a new thread-hope that’s ok. My broker didn’t get back to me today as promised so i’m left with another query to ponder. I was made BR approx 10 years ago now and discharged 9 years ago. I told my broker this straight away. I have a DIP and…
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Too old?
I'm 47 and by the time I have a deposit together I will probably 48-49. Am I still going to be able to get a mortgage and would I be eligible as a first time buyer as I have never bought a property before?
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HSBC Withdraw Mortgage After I Signed Mortgage Offer - Advice Please
I have been with HSBC in a standard variable mortgage for last 9 years. I moved out 4 years ago, but kept the house and it has been rented for the last 4 years to the same tenant all this time. HSBC would not let me remortgage it privately if the tenant moved out as they say it is not affordable (according the their…
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Remortage
Hello, I am thinking of switching mortgage providers on my final year of the deal. However, in the comparison sites a value of the property is needed. I have used zoopla but not sure the value is an accurate figure. Are there any other websites which show accurate figures? in addition, do people use mortgage brokers or do…
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Switching mortgage deal - future looking like a move...
Hi all, Just looking for some thoughts... My current mortgage deal with NW ends in February so I can switch to a better deal come November for a December start date. Due to valuations, we have now crossed into the 80% LTV so the deals are much better than currently paying. However, we are looking to move house in the next…
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Commercial Mortgage Enquiry-When and how to approach broker
Hello, So for various reasons, despite no experience in the industry, I/we would like to buy a new home with additional property on site that could be used as a holiday let(s). I have been reading up about it and understand about the usual 30% deposit (don't have), unless you have another property that can be used for…
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remortgage
My mortgage was with Northern Rock, when they hit the skids it was transferred to Whistle Tree, I was having family problems at the time so i just let it go. I now want get a better rate but when i contacted Whistle Tree they told me they do not offer new morgage deal, so i am stuck on an expensive mortgage. When i have…
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Getting a mortgage with an ex bankrupt
Hi all, I'm looking for advice on how to start looking for a mortgage with my wife who has been declared bankrupt before we've met*. We currently live in a flat I own and want to move into a bigger place. I know we can get a decision in principle, but I also know that the DIP isn't a guarantee we will get the mortgage.…
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Natwest mortgage tracker
Just wondered if anyone who has a mortgage application with Natwest could try logging in to the tracker for me and let me know if it's working please. I've not been able to sign in for days. It says something about an outage. Thanks
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How to deal with end of interest only mortgage after completing DMP
Morning experts, Brief history - 90% of the way through huge DMP, should be fully paid off in just over a year. Have been in DMP since 2010 and have always paid on time. 9.5 years to go until our interest only mortgage matures, (20 year term, have never missed a payment). Hopefully plenty of equity in the house. Mortgage…
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Is my calculation correct?
Hi I am thinking of ditching my fix and would appreciate some help with my calculations as to whether it is worth it or not. Details are: Mortgage balance £117,000 12 months remaining on my fix (or will be when I switch) Current interest rate 3.69% ERC c£1600 plus redemption fee which I'm guessing is £300 Can switch to…
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Mortgage application taking ages
Wondered if anyone could help please. We’ve gone for a shared ownership mortgage on a newbuild with Barclays. The broker found us a good deal with Barclays, 5 weeks ago application was submitted. We had to speak to the surveyors ourselves as it was a nightmare just to get the valuation booked, e surv who they use kept…
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Applying for a mortgage after a bad history and a long time!
Hi all, Just after some reassurance if possible. I had really bad credit years ago (as bad as it gets due to poor business decisions by my ex husband!) and have been renting ever since. I am now finally in a position to try to buy again and have been recommended a product with Skipton by L&C. They are happy with my history…
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Self employed mortgage question
Hi all, Me and my Self-employed husband are moving and are just about to put in our mortgage application, however HSBC have only asked for his SA302 rather then his full tax return. Last year he bought a new van which he is paying for on finance, and we were advised by HMRC to claim the whole amount for the van in the…
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Nationwide mortgage discount for existing customers
Previously, existing Nationwide mortgage customers got a 0.1% discount on rates for new customers, but it appears that's now been quietly halved to 0.05% discount. Nationwide used to clearly state the 0.1% discount, now they are just saying that existing customers get preferential rates over existing customers, which is…
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Now self-employed EEK!
Hey experts! Long story short, my mortgage deal is due to end April 2018 and I’m with Nationwide, generally they have offered me an early rate to continue with them. This time it’s different, and I’m interested to know how my new circumstances might alter their reaction. My wife is now Part-Time We have a dependant (5…
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Been making overpayments without knowing - help please
Hi, I've just discovered that I have been overpaying into my mortgage without knowing. It's a bit confusing but I was told an amount I had to pay every month and took it that this was right, I've now found out I've been overpaying by £60 per month. They have told me that I can lift this if I want but my argument is that we…
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Affordabiliy criteria question
Interested to know whether affordability criteria is based on lenders looking closely at your bank statements or budgets? We have not been very careful in the last couple of months with budget and have spent a fair bit more than we usually would with little extras DIY wise to get our house ready for market and not only…
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2nd mortgage application with bad credit
We own our own home (mortgaged) which is fine and we've never missed a payment in 14 years. We have however had several loans and credit cards a long while ago which went bad and we are now have a repayment plan setup to pay them back over a long period of time. Basically, the banks kept offering us money even though at…
