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relocating and getting mortgage
Good morning I was hoping someone could clear a few things up for me. We are relocating to ollerton in Newark from Kent in the summer and was hoping to buy a house rather than renting first. I understand that I would need proof of a transfer to a new branch for work for the mortgage. But what sort of proof would that be? A…
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Affordability, existing unsecured debt
Hi there, What is the situation when it comes to existing unsecured debt when applying for a mortgage? I know it's factored into the affordability calculations, but are there any ways of excluding certain commitments? I ask as I have 2 loans, one with <6 months to run, and another with 14 months to run. I could pay these…
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Fix for the term of mortgage
I am just coming to the end of a 10 year fix with Brittania,value of house £110000,mortgage remaining. We are thinking taking another £15000 on mortgage for house renovations.Just wondering if it is a good idea to do a 10 year fix again,which would take us to end of the mortgage.
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Advice ref house move and mortgage
Hello, Having recently made a decision to start looking at moving house, i'm at a bit of a loose end where to start. We have just over a year to go on a fixed term (5yr) mortgage, which expires in September 2019. Our house is worth approximately 220k and we owe just shy of 120k at the moment, so approx 100k equity. Our…
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Big Loan , Mortgage advice
Hi My wife and I are looking to move, We already have a AIP with our current mortgage provider (TSB). Concerned about our chances - Here is our info maybe someone can give me their gut feeling. I have about £12k on a low interest post office loan and a few £k on a credit card - I have 3 C.Cards, one has about 90% full…
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Mortgage problems
It all started 10 years ago when I was talked into becoming a landlord , I took 7 interest only mortgages out all ending different years now the first mortgage is coming to it end I need to remortgage to pay off the first one ive been thinking about putting all the mortgages together on a repayment my question is is this…
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Natwest mortgage misselling
Hi, looking for some advice please... took out a repayment mortgage with Natwest in 2011 with a term of 30 years and monthly payments of £2,400. the mortgage ends when i am 65 years and 4 months, which is after normal retirement age of 65. At the time mortgage adviser didn't discuss my retirement age. And i genuinely…
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"New Build Premium" & HTB Equity Loan
Hi all I'm aware there is such a thing as a "new build premium" - so some banks only lend say 85% LTV. Obviously the HTB Equity loan takes the bank's LTV down to 75% anyway, but I was trying to work out if there is a consensus as to what this "premium" is? IF the "New Build Premium" does exist, similar to new car…
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Want to move house
We would really like to move property at some point and would like to know our potential chances before I go to an advisor. I had my mortgage 12 years ago interest only on a loan of £130000. House price is now valued at £210000. The mortgage is in my name but would like it joint as I recently got married. I am a self…
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Cash only v cash + mortgage?
I have around £180k to my name (in ISA's, savings accounts, Premium Bonds etc) but am looking at buying my first house, for around the £140-150k mark. Would it be better to pay all cash or pay something like £100k and then get a mortgage for £50k (or possibly loan - not sure what would be cheaper). Can't decide so need…
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Are buy-to-let- mortgage rates higher and if so by how much?
Hello, I tried researching and it looks like buy-to-let requires a larger deposit. What I want to know is how much higher the interest rates are if there is a difference?
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santander mortgage application for the self employed is long
Hi so in the middle of an application with santander, myself and my partner are both self employed so had to send our SA302's, 3 months bank statements etc and my mrs is part employed due to one part requiring her to be on an employed contract (casual contract), we waited for a good week for it to make it to the…
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Lump sum repayment
Hi i currently have mortgage with Natwest whats the best way to make a lump sum overpayment isit best to just go instore? Thanks
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Valuation Question
Good Afternoon Everyone, Hope everyone is having a good Easter Sunday Im buying a new build and awaiting the valuation results..the bank holidays has slowed down the process a little bit. 21th March- Full application submitted and offer accepted by Halifax subject to valuation 28th March - Valuation Carried Out it is…
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Santander - Experiences
Can anyone give any recent feedback on Santander. Specifically looking for, 1) how many months bank statements did they ask for? 2) how long did completion take from application to completion? 3) is everything done electronically ? Email/ online portal or all relying on post?
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Target HCA Help to Buy Loan!?!
Has anyone else failed to receive their welcome pack after Completion? I'm 4 months into our new property and haven't received a single piece of literature. I've emailed them several times as I want to discuss other items and had nothing but an automated response. They haven't even set up the £1 per month administration…
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Cost of a £150k bank loan for 1 year
Hi, i am trying to find out what the cost of a £150k bank loan for 1 year might be. I seem to be getting many conflicting answers. It will be to do with buying land & building.
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What does a underwriter do?
Hi :) I’m applying for a mortgage with HSBC with my partner. sent all the documents to them - payslips, Bank statements etc. Had a phone call yesterday saying that me and my partner have passed full credit checks and it’s now being forwarded to the underwriters. What do underwriters do? Thanks :) x
