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What to do? sell/buy/sell
Rather fortunately i have found myself in this position: I've inherited a property on the coast in Norfolk. Would love to keep it, near the sea/station etc. Value £140,000. It needs approx £15000 worth of work doing to it. Also in the next few months I will inherit about £150,000 as well. Yes, lucky me.. Dilemma, would…
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Mortgage - credit card debt or personal loan
Hi all I’m going to be applying for a mortgage soon. I have about £4000 of debt split over two credit cards. Would I be best to apply for a personal loan to pay off the credit cards or keep the cards and try to pay off as much as possible before applying? Also would £4k of debt have a negative effect on my chances of…
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Mortgage Offer Received - Car Insurance due
Hi, new to forums. We are in the process of moving and received our mortgage offer on Friday. Our car insurance renewal is due this week, but our mortgage advisor has put in their offer email the following: "I must also state that we have informed you that making any future changes to your credit profile before completion…
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Mortgage advise
Hi there, Mike here. I have been out of the UK for 8 years. My mortgage was with Chelt&Glou via LloydsTsb. I called them when I was about to leave the country I won't be able to pay my mortgage when I'm gone so I sent them my house keys to take care of things. Now I would love to know what happens to my house and what my…
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First time mortgage help
Hello first post on here and need some help We are currently trying to buy our first house through the part buy scheme We have the deposit and all the fees needed only thing we are struggling to get a mortgage AIP and the housing company will only hold the house for 7 days No real bad credit history between me and the…
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First time buyer mortgage advice
Hi, I am currently in a rented property with my partner and son. Unfortunately my partner has asked us to move out. I have managed to get enough money for a 10% deposit but unsure that will be enough on my sole wage. As you can imagine It's quite stressful with the relationship ending and I work very difficult shifts, my…
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New Mortgage - Help To Buy Help
Hi All, I am after some advise around the next steps for me and my wife's potential mortgage application. some history - looking to buy a 3 or 4 bed house - new build to take advantage of the 20% Govt help to buy equity loan. So presuming that the house is £220,000 (the ones we have seen are £180,000 - 250,000): Deposit…
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Applying for Full Mortgage
Hi, I am finally in place to apply for full mortgage today, I am very nervous. I have given the broker all my bank statements and pay slips required, they have done an affordability check with the chosen lender and I have passed affordability (according to the broker). I now have to pay the broker before we do the full…
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Land Registry AP1 form help
I have purchased a bit of land next to my house. Without going into detail I wasn't given the choice to use a solicitor, however now everything has gone through the solicitor from the other party has told me I need to complete and AP1 form. I have read that I can complete this myself but having never done this before I…
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Nationwide valuation
Hi all, Our full mortgage application went in on 28th, because it was a refer at DIP stage Nationwide did all our checks before the valuation was instructed. MA advised us that Nationwide are happy with all documentation now and instructed the valuation yesterday morning. We haven't had a text with a date yet and just…
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Mortgage guidance
I have recently sold my own home that leaves me with a small amount of equity, which I'd like to keep. I am being offered a lump sum from a family member of £35K towards a deposit. I have a fee of around £3.5K to pay in early exit fees with my existing provider. But I'm also interested in whether Help to buy would be a…
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Habito Discussion
Hi, This is a feedback thread for online-only mortgage broker: Habito Please share your experience with other MoneySavers. Click reply to take part: - Was completing the online form easy (and quick)? - Were you happy with the results returned? - Was the process from start to finish smooth, or did you experience problems?…
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Authority to proceed letter
Hello all, I wonder if anyone can help. I am looking into applying for a Shared Ownership Resale as a first time buyer. A number of my friends and various mortgage brokers have talked about an 'Authority to Proceed Letter'. Can anyone tell me what this is and how it will help me? As I currently have no idea. Thank you!
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what % deposit required these days?
Hello all, The flat we plan to buy is currently worth £215,000 (based in south Essex Nr London) but will very likely rise by the time we have a deposit. My partner and I are able to save £15k a year, but we are both unsure what percentage is required now? I understand all mortgage offers are different, I just wanted an…
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The £25k question! Need advice
Hi - I have a mortgage which is coming to the end of its fixed period on the 2nd April 2018. The fixed rate was 2.99% but will revert to SVR of 4.74%. We have aggressively been paying our mortgage off and have a balance of £25k left to pay (after 6 years). We also have £25k savings so the plan was to be mortgage free by a…
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Remortgage good equity high unsecured
We tried to remortgage and take additional borrowing (45k) with our current lender Virgin. We were rejected as high risk. We have 65% (this is after the additional borrowing) LTV with property value 400k but 22.5k unsecured card and loan debt (CC all 0% car loan with Santander low apr). I was a little shocked but this…
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remortgage and moving
Hello everyone. I have a mortgage offer from Barclays, I am remortgaging from another lender. It is a five-year fixed rate and I have already accepted the offer, and the solicitor has been engaged. The offer comes with free legals so it's Barclays' nominated solicitor firm. Completion date will be on or after 31 July, when…
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Mortgage advice
Good morning all, My wife and I are currently looking to purchase a property, we have an agreement in principle (AIP) and we are both working with me working away from home a lot. The property we are looking at is 180 miles away from where we reside currently and where my work is. We will be moving into it, but this would…
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endowment claim
hi again all question here (and before anyone jumps on my back i was young and daft at the time we all been there) i took out a endowment mortgage 1990, i couldnt keep the payments up on the endowment and after a couple of years in, end of the policy was a payout a few thousands and that went straight to the mortgage…
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Looking in Equity Release. a few questions
Just need it to get the house up to scratch New 3pc suite ..when dog dies..as he ruined it! Carpets Put a funeral plan away Poss new doors and windows for shed OK so thats the bucket list Both in early 70's, one son in relationship and doesnt need financial help Dont need a car. nor holidays no debts to pay off ( the…
