-
NATWEST Morgage in Principle VIA Broker
Hello, bit confused. My broker tried for an agreement in principle, it took about 3 days, he just phoned and said they need to submit a full application and Natwest need my card to take £1 out. thinking about this now, I am confused, should I not have had an agreement in principle first. Broker said they were told to…
-
YBS online mortgage application
Hello, My partner and I are applying for a mortgage with Yorkshire Building Society. We decided to do it online because it's easier and because we don't need advice. The problem is that we are selling two houses to buy one. There's only space in the online form to describe one property sale. So, at worst they could assume…
-
Advice on Joint Mortgage
Hi, My partner and I are looking at buying a house together but we are both coming from very different situations and I would like some advice. My partner has recently inherited 50% of her parents house (the other 50% owned by her brother). The house is mortgage free and was recently valued at £280,000. Her intention is to…
-
FTB with Credit Card, Personal Loan and Bad Credit!
I've scoured thus forum and can't find anything other than conflicting information which may now be updated so I hope someone can help! My partner and I are renting a property at the moment and want to buy together for the first time, and now have decided to move fairly quickly because there's a strong chance my partner…
-
First time buyer, panicking
Me and my partner have just reserved our first home which is a new build with a decision in principle from a lender, our build is due to be completed in September . Once we reserved we found out we only had 4 weeks to have the official mortgage approved and not the initial 3 months we thought we had. I am now panicking…
-
Mortgage for owners of a limited company
Hello, I am just looking for some general advice please. We have a mortgage at the moment - after recent valuation and mortgage statement we have about £100,000 equity in our property. We are looking at making plans to move in the near future but I know that getting the mortgage we want is more difficult based on our…
-
Mortgage Product Fee Tax Deduction?
Hello, Ahead of preparing what I owe for my first year in receiving rental income. I have been reading what costs i'm legally allowed to deduct from this income. One which I've seen conflicting opinions on, is Mortgage Product fees. Does anyone here know if this is an acceptable deduction? i.e - I remortgaged a residential…
-
What is classed as a ‘monthly commitment’ when going for a mortgage?
When it comes to applying for a mortgage next year, our outgoings will look something like this I’m trying to get an idea of the amount we could borrow using calculators but not sure what should get included as other commited spending and what they will already have taken into account themselves? If someone could shed some…
-
1.79% + £899 fee or 1.99% + no fee. Which is cheaper?
As per the subject I'm trying to figure out which 5yr fixed works out cheaper. The bank's MA says the 1.99% is £11 more expensive but when I use the MSE comparison I get the below: 1.79% + £899 Mortgage 1: Monthly repayment £674 Mortgage 1: Cost over 5 years (This includes the cost of any fees) £40,413 Mortgage 1: Cost…
-
BTL remortgage - Requested paper copies of SA302
Hi We are currently in the process of remortgaging our BTL flat through L&C, on to a Birmingham Midshires mortgage. The broker has said that due to a change in regulations, they need original/paper copies of our SA302 showing income from the property. I know last year that HMRC said they would not issue these anymore, they…
-
Variable Rate Terms
When you buy a variable rate product on a mortgage - e.g. a 2 year discounted variable rate followed by the standard variable rate for the rest of the term - what can cause the rate to change within that initial 2 year period? Is it just the B of E base rate or can the bank change it for any other reason? Thank you.
-
Mortgage offer issued
Hello, I’ve been told that my mortgage offer was issued last Friday (finally! :T), my mortgage application was sent by my broker on the 18th December… All searches have been done, and at the moment the only thing that we needed to keep the process moving was the mortgage offer. Does anyone know about how long would it be…
-
Should I admit income has changed to mortgage lender?
I have a "lifetime" mortgage i.e. tracker rate that remains unchanged throughout full 20 year life of mortgage (fluctuates with BoE obviously). When I applied for this mortgage, my income was from a full-time job. Now it is comprised of rental income and part-time work and is about 80% of what I originally applied with. I…
-
Changing joint mortgage to individual
Myself and partner have a joint mortgage which we have now had for 11 years. Our house is currently worth £220000 and we owe £70000 on our mortgage which as it stands would be paid off in 8 years. My partner has sadly been diagnosed with terminal cancer and is currently undergoing chemotherapy as palliative treatment.…
-
Gambling husband - mortgage application
Hello I am just at the stage where I can afford to buy a house with my husband. We have a £60,000 deposit after saving up for 3 years. A lot of the money has come from our wedding, some inheritance money, and from my own savings, as I earn quite a bit more than him. He works in a restaurant so a fair amount of his salary…
-
Contesting a mortgage withdrawal
Hi, I’m currently awaiting completion on my property by Aldermore. Stupidity I told them I moved into the property I’m purchasing already and now they’re ‘reviewing’ the case. I’m extremely anxious that they will withdraw the mortgage offer because of this as a worst case scenario. If the offer is withdrawn what can I do…
-
Equity release minimum age
Hi. Just wondered if anyone could advise on the likelihood of equity release being available to someone in their mid to late 40s and what early repayment penalties would be likely to apply if it were paid within the first year or so? It is for a close friend of mine. They need to raise a cash lump sum of around £70k on a…
-
Coventry BS - Better to go through a broker?
Hi, I am planning to remortgage shortly and would prefer a five year fixed deal. I have narrowed my selection down to the Coventry building society. I'm wondering if it would be better to engage a broker or just apply direct? As far as I can see, it's a fairly straightforward situation. House value approx £450k, mortgage…
-
First time buyer: mortgage, credit check...and Brexit.
Hi all, First of all, I should say I am French, although I have now lived and worked in the UK for over 15 years. I am thinking of buying a property, after 15 years of renting. I live in Belfast, where properties can be very affordable on my salary. I earn around 20K a year as an hourly employee, but could easily work…
-
Can you remortgage if you are mortgage free?
We are in a fortunate position of being mortgage free but looking do some home improvements. Can we remortgage to finance it or would we need to take a loan out? All loans I've seen are 5/7 years term and quite high interest, I was looking for a longer term repayment.
