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Skipton Remortgage/product transfer
Hi my fixed term is shortly up and I wanted to understand the remortgage or product transfer process with Skipton. Not looking to change the term or borrowing therefore wanted to know whether I would have undertake another affordability check and if so what do they need to know. Would they need to see bank statements and…
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Student Nurse Mortgage
I am half way through second year of nursing in Scotland and currently receive a bursary from SAAS of around £9000 annually. This will be in place finishing August 2019 at which point I will get a job as a staff nurse, due to the severe shortage of nurses in NHS everyone is graduating with a job just now. My husband earns…
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Death of a Landlord and dispute with his family
Hello, I'm just looking for some advice. My mum's landlord has died and his family wants to sell the house. It get's more complicated than that however. My mum originally wanted to buy the house, but was unable to get a mortgage at the time, so a "close friend" said that they would buy the house in his name and eventually…
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Remortgage with a default on my credit file?
We're looking to remortgage but my husband has a default on his credit file which was put on in 2014 and settled in 2016. Our credit ratings are both good otherwise. Are we likely to get accepted for a remortgage or is it not worth trying?
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Standard security - to sign?
Hi there Based in Scotland remortgaging to a new lender, received a standard security from lenders legal firm today to sign but haven't received actual mortgage offer yet - should I sign this or wait for offer letter first? Thanks
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Gifted Deposit Donor has to be a homeowner
My cousin has appointed a Broker to assist her in purchasing a Buy To Let property with a mortgage amount of £38k and her deposit monies of £15k partially includes gifted deposit from family. The lender The Mortgage Works hascbeen very paticular in knowing the source of deposit and has advised that only two donors are…
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Countrywide Survey
Hi all, I'm hoping to get some advice as a first time buyer. We've had our offer accepted and have applied for a mortgage with Nationwide through an independent advisor. As part of the process we were offered the option of having a home buyers' report done by Nationwide's contracted surveyors at a reduced cost. This rang…
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Unequal Shares Advice.
I'm contributing £5000 towards the mortgage. My partner is contributing £20000 towards it. The purchase price is £140,000. We will be splitting the mortgage payments and bills 50/50. Please can I have your recommendations as to how our trust deed should go? I thought if we sell the property, we both get our deposits back…
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Remortgage -5 or 10 year?
Evening people, Being a friday evening what better time then to look at a remortgage and some advice/feedback. Saw a broker yesterday who provided some deals, maybe just looking for some sanity check on leaning towards peace of mind of a 10 year deal or other things I need to take into consideration Anyway some feedback.…
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Remortgage timescale
Just wondering if anyone might know when I might get a decision on remortgaging with Clydesdale; 26th March Application submitted via Broker 29th March Valuation carried out 29th March Notified by Broker initial check by clydesdale carried out should hear more by 5th April - passed to underwriter for final review 30th…
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Remortgate or not
Greetings all I currently have a 24 year £40,000 mortgate with halifax. Fixed at 2.4% for 4 years.- owned the house for 1 year. I also have a £24,000 loan with natwest at 13%.- 8 years remaining. Natwest have asked if i wished to remortgage with them and add the loan to the value - roughly to £63,000. I currently pay £174…
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Re-mortgage process
Background info: - Not moving home - Had a 2 year fixed mortgage back in 2007, let it go standard base rate since 2009 - 2% above Bank of England rate Now rates are creeping up and want to fix for 5 or 10 years for piece of mind. I was reading the re- mortgage process on other sites and got confused with process so seeking…
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Source of Deposit
I'm considering purchasing a property and wanted to know if the following would be acceptable by lenders... Since 2011 I have had savings of about £4-5k and in 2014 I received a redundancy package, which took my savings up to £12k. I was in full time employment until 2015 when I decided to become a homemaker. I had moved…
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Royal London Endowment Query
I have just received my annual bonus statement for my 25 yr Endowment policy which has approx. 2 years to run before maturing . The policy was set up to give a target payment of £40, 000 . The statement gave a total guaranteed value which is approx. £12,500 short of that which is of no real surprise . My query though is…
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Mortgage with Defaults
Hi All. Following my wife's illness we ran up a lot of debt, resulting in several defaults; all of which have been satisfied. I have listed them below with their default date.They were: Credit card 11k - Aug 2015 Credit card 8k - (Passed on to a Debt Collection company who also logged the default) October 2015 Credit Card…
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Waiving ERC?
Hi I was wondering if anyone had any experience or advice regarding Early Repayment charges. We bought our property 2 years ago when there was uncertainty regarding interest rates and talk of them rising. We entered into a 5 yr fixed rate at 3.3%. Obviously they all fell just after this! We are now looking to sell our…
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Lender won't keep payments the same after overpayments
Apologies as posted this in MFW board yesterday but got no replies so asking here too. Have two BTL mortgages with different companies, both currently in fixed term. I could overpay 10% of each so last week I did just that. Both wrote saying they were reducing my monthly payments. I rang both to say to keep them the same.…
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buying new house with lower value than current house and using existing mortgage for renovation?
Hi everyone I'm new here. Just started marketing our house for sale. We are hoping to sell for around £575-550k with a mortgage of £260k. Our lender has said we could port our mortgage to new house or pay early redemption fee of 3% (mortgage deal expires dec 2019). We are looking to buy a house for around £350k which would…
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AIP before offer
A few stupid FTB questions about agreements in principle: I'm thinking about applying for an AIP before finding a suitable property, partly to make a more attractive offer and also because rates are rising. 1. Is this sensible? 2. If I get an AIP, how much can I vary the conditions? If I apply to borrow £X on an LTV of Y%,…
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Surplus of remortgage, can i change acc put down?
My husband I have completed all the paperwork for a remortgage. Weve had our offer, accepted and all good to do in june when our old mortgage finishes. We have a surplus to be paid to us. My husband filled his acc details in for this but on reflection we would like it to go into our joint acc. Can we changed the acc…
