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can a "mortgage in principle" become in valid?
My son is back home and saving for his house deposit. He is thinking of getting a "mortgage in principle" before he starts any serious house hunting. At the moment he has very few outgoings so most of his wages are saved. His outgoings are just a bank loan for his van and a small credit card bill cleared off each month(and…
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Yorkshire Building Society - Remortgage Questions
Hi, Last year was the first time I bought a place, so I'm a beginner. When is it a good time to remortgage? I have only one year left. Do you usually start six months before the end? Or is now a good time? I'm right now with Santander on a 1.24% tracker mortgage for another year. As the interest rates may go up by 0.25% in…
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Mortgage for a spouse visa holder with 5-10% deposit
My wife is British and I am in the UK on spouse visa which is due for renewal in April 2018. We are already talking with a couple of mortgage advisors but maybe forum members can recommend a mortgage advisor who is experienced in this kind of mortgages (not sure if they have such specialisations). We both are employed…
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DMP & 75/25 Mortgage
I'm currently on a DMP and coming to the end of my help to buy scheme 75/25 on my flat. I currently rent my flat out and rent a house out myself. When I bought my property, I bought it at £100k. However, 6 months after buying my property, the market crashed and it's vale went down to £60k. I took a £75 mortgage over 25…
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Bad Credit Rating
My girlfriend and I are looking to buy our first place. We're currently renting. She took out 3 credit cards and defaulted on them all so she has a bad credit rating (score of 1/5). What's the best way to improve this? Is there anyone who offers free advice on the high street?
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Complex Mortgage Mayhem FA help needed
Hi All Im happy to here anyones advice opinion. Background: My father passed away July 15 shortly after my mother. Myself (mainly) and sister joint and executors and only equal beneficiarys decided to administer estate ourselves, after which I was left with and decided to keep a leasehold flat in Battersea, I refurbished…
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Mortgage after IVA
Hi everyone! First time posting! I'm looking for some advice please! I entered an IVA in April 2016 and done a full and final settlement with them so I have been discharged since February 2017. I understand that this will remain on my file still for the next 4.5years. I currently have a deposit of £50,000 for a house and I…
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Can a broker pick up a DiP started independently and continue to full application?
I've begun a mortgage application online and had my DiP referred with Nationwide. Can my broker pick this up on my behalf and then (if it passes) continue to a full application without incurring a further credit check? Just for info, I know why it was referred (previous repossession) and my broker has already checked…
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First time buyer help!
Hi all Just after some advice really (please be nice!). Me and my OH have been toying with the idea of buying our first home for the last few months but not really done anything about it seriously because I was waiting to start a new job and stop doing a very very lengthy commute. We went to view a new build a couple of…
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Consent to let problem
I am in a difficult situation with consent to lease. I bought my property almost two years ago under the government mortgage guarantee scheme. Last November I was made redundant and the new job. I was offered required a relocation. I understood I was unlikely to get consent to let under the guarantee scheme and considering…
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Applying for mortgage from parents address
I'm potentially about to put an offer on an affordable home. The ones that sell at 75% value. However looking at the requirements of a mortgage application, I'm still registered to vote at my old home address(parents address), I've moved a lot in the last four years every time voting as come around, I've always been at my…
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Offer Accepted, Mortgage being processed, whats next?
So our offer on a property has been excepted :) The property is not in a chain with nobody living in it. We are first time buyers with a deposit to secure a LTV of 75% on a 5 year fixed mortgage. We had our offer accepted a week ago where we had a mortgage in principle. This past week we have completed the solicitors…
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Remortgaging help!
Hi, I am coming to the end of my 2 year fixed deal and I am in the period with Nationwide where I can switch to a new deal with them but not yet to another lender for a couple of months. I was looking at getting in early and onto a new fixed deal before the interest rates change. I am aware that if I switched lender they…
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Remortgage whilst on a DMP
Can anyone advise of any reputable lenders who may consider a remortgage with a DMP active? With equity in the house and an old NRAM mortgage at 4.78% doing so will allow us to put more into a DMP and clear it quicker. Thanks
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Quick turnaround mortgage application
I am looking at buying a property via auction and wondering which High Street lenders are the best for speedy processing of applications? I have no credit issues and the "specialist" lenders and bridging finance companies have all told me to try the High Street first as it would be much cheaper. I've spoken to brokers but…
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When does Mortgage Rate get locked in?
I am currently applying for a 5 year fixed mortgage which was agreed in principle and should touch would have no issues processing. I am a little worried with rate hikes likely around the corner when in the process the offered rate is 'locked in' and won't be subject to change. Ideally this would be the rate offered when…
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Housing detaiks
We have found a property that we like the look of and need to get our offer in Monday. We visited the property, and liked it, however I still have a few questions and concerns..... I’m not sure what will be left in the property (garage is full of junk there is a white goods in the kitchen). I didnt see the fuse board or…
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Paying back gifted deposit
Hi I'm wondering if anyone can help me. 2 years ago my parents gifted me the deposit to enable me to get a mortgage to purchase my first property. Letters were signed from my parents and there was never any intention for me to pay the money back I'm now in the position where I can pay this money back and they are…
