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First time buyers - Help please!
Hi everyone, My partner and I are wanting to buy our first (and hopefully only) house within the next year. Obviously we've never done this before and quite a lot of it is going to take some getting used to - I'm slowly learning the jargon! :) First things first - We are looking to buy a house for £120,000 or at an…
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How long is a piece of string Q HSBC Remortgage
I have just received my offer from HSBC to re-mortgage over to them from Santander. Does anyone have any experience on how long this now takes. I have sent back the Mortgage Deed Forms to their acting solicitors but they say they cant tell me how long it will take. Has anyone similar experience of this. Are we talking a…
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Joint remortgaging advise awkward situation
Hi folks. So here is our position. We are currently looking at remortaging our home to change lenders to a better rate as a joint mortgage. However, my partner and I will be splitting up soon (amicably). We still both want to be named on mortage but only one of us will be living there. So my question is Do we need to tell…
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First time buyer
Evening all, Just after some quick advice if at all possible. I am looking to get onto the property ladder and have been looking into first time buyer mortgages and have received an agreement in principle which is great. My worry however is that they are requesting 3x payslips so for December, January and February. I…
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Consent to let Nationwide
Hi, We have an appointment with a mortgage advisor soon to look at a new deal as our 2 year fixed is coming to an end but we’re thinking about renting the house out this year for a while. When I spoke to them last year they said that as long as nothing changes before we request to let then we would get permission. At the…
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Will default affect morgage?
Hi guys, Just a quick one. I have had a morgage for over 2 years. Recent money troubles has left an account as a default which will go on credit file. Will this default affect my morgage at all or it's fine and just leave it. Thanks
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Am I being overcharged ?
I took a repayment mortgage out with L&G in 2000 - £55,000 over 20 years. The interest was guaranteed never to be more than 1.5% over BoE base rate. I have never missed any payments, the payments have always been increased or decreased immediately following a rate change and I've never had anything unusual like a payment…
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Mortgage - reducing LTV at end of fix
Hi, Apologies in advance if I sound like a novice.:rotfl: I was a first time buyer, getting a 95% LTV mortgage with Nationwide, on a 2 year fix @ 4.09%. I am a year into this, and my monthly payments are comfortable. I cant believe the amount of interest I pay, in relation to the reducing loan balance. Now I know this is…
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House Undervalued- what options do i have?
hello, I am currently in the process of remortgaging from halifax to santander. When halifax sent over their retention offer they valued my house at £370,000. I used the figure they gave me to get a decision in principle to santander. after passing the credit checks and affordability santander sent over a chartered…
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Bad Credit Mortgage Advice
Hi all, Would really love some mortgage advice if possible ! I’m sorry if this becomes a long post ! I bought my first house 8 years ago and currently have a mortgage with Halifax. Around 4 years ago I was made redundant from my previous job (I had only been there a year) and fell into a payday loan trap (early 20s single…
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applying for mortgage for the first time
hi there, i am new in here and i have found this webboard very helpful, my partner and I are applying for a mortgage (joint mortgage), we are living in upminster (havering). I have been thinking about moving to Norwich which is 115+ miles away, i am full time employed for more than 3 years working as a senior carer, my…
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Mortgage for Property + land/outbuildings
We are looking into buying a farm house which comes with 4 acres of paddocks and outbuildings. The property isn't currently in use as a commercial small holding. They just keep hobby animals there. We have no plans to use the land commercially either, although one of the barns does have planning agreed to turn it into a…
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savings vs lifetime mortgage quandry
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Barclays Dip Provitional Accept
Hi, Me and my partner are about to start a mortgage application on a new build using Help to Buy in Scotland, price 165000 would need mortgage of 132000. I earn 26000, she earns 20000, no dependants only credit union loan 1100 and car finance with a year to run as debt. Now as I have some adverse credit we decided To go…
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Any experience of Sainsbury's Mortgages?
Hi all, Trying to sort out a new fix for our mortgage, which is coming to an end in July. Sounds like rates are most likely going to be hiked in May, so looking to lock in a fix before then - so we're a bit limited to places whose offer validity is 6 months (standard seems to be 3). Currently with First Direct and really…
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Will historic issues effect mortgage application?
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When is a cash gift a gifted deposit?
Exactly as the title says. My siblings and I all received a cash gift last year when I had no intention of buying a house so this wasn't a deposit gift. It came from my dad after his dad died and they sold the house. My dad is now gifting me towards a deposit. How far back is a cash gift deemed a gift towards a deposit.? I…
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Further Advance - How long to complete?
How long does it take for a further advance to come through if you apply? We've recently completed an extension and used a lot of our own cash. We would like to borrow some of the equity, we should be under 60% LTV still. We're just weighing up if it's worth getting a further advance or best waiting until our remortgage is…
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New build
Hello I am looking at buying a new build home. I have been told the builders want to exchange in 2 months and complete January 2019 or latest Feb 2019. I went into my bank today to ask to start the process. They told me that it would have to be two applications because the mortgage offer is valid for only 6 months. They…
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just a query
when we bought our house last year we were given the paper deeds (quite a hefty stack) Should this have been given to us?
