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Extension - mortgage or loan?
Hello, I have recently joined to ask advice about moving as I am clueless! However, one of the valuers yesterday has made me doubt the decision of moving, by suggesting that the location, land etc would be hard to find in our small search area. So we are back to considering extending for more space rather than moving. We…
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Northern Rock Mortgage Paid, Struggling to get overpayment back
I have moved house on 04-04-18 my solictor paid my mortgage off on this date using an old redemption statement, therefore a payment dated 01-04-18 was not taken into account. 16 days later i am still waiting for the refund. Should i be entitled to interest for the failure to return within a reasonable amount of time. I…
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Mortgage and a default
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FTB worries... pension?
Hi all, I’ve been trawling through the forums for a while, trying to stop my uncontrollable worrying! I’m new to this, so please be kind in the comments! :o Mortgage so far... 19/3: Found a house, broker did a DIP with a hard search and was told we could go ahead. Put £500 reservation fee down. 11/4: Full mortgage app put…
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Mortgage application bank statements
Hi, I am in the process of getting my first mortgage and am getting close to where I will need to submit bank statements (authough I hear some only ask for payslips?). Whilst I have no issue with affordability and am never in an OD I am just feeling really uncomfortable that they will ask me to discuss and justify…
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Mortgage past age 70
I am posting for a friend. He is 55 and looking to buy a house with his partner (she is early 40s). He is currently not working but has equity in his current house that will mean a 30% LTV on the new property. The plan was for his girlfiend to get a mortgage for the 30%. His current mortgage provider have only offered a 15…
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Overdraft vs Consolidation Loan Payments
Currently me and my wife are looking to become first time buyers and have checked affordability statements for houses based on our incomes and eligibility to receive a 20% equity loan from the government. I currently have a large amount of Overdraft to pay off but whilst trying to save for a deposit this will not be…
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Matched betting and re-applying for mortgage
Hello, Me and my partner are FT buyers currently in the process of buying a flat off-plan and got accepted for a mortgage with Barclays in November 2017, but unfortunately the build has been pushed on and on. As our mortgage offer is due to expire in 11 days (30th of April) we will have to apply for a new mortgage. Our…
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Best Offset Mortgages
My mortgage deal is coming to an end soon so I thought I would move to an offset mortgages as me and my wife have quite a lot of savings that are not earning a great deal. I am looking at 100k mortgage over 20 years - our property is worth 225k. We have approx 80k of savings. I bank with Santander at the minute. I am…
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Remortgage offers valid for longer than 3 months - lock in to beat interest rate hikes
Has anyone had any experience of accepting a remortage offer over 3 months prior to the required start date. My mortgage deal expires on 1 Sept 2018 and I am keen to attempt to lock before the interest rate rise in May (still debatable but looking likely). It would be useful to have a list of companies and how long their…
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Is a 80% mortgage on HTB possible?
Hello all, I am planning to put a 10% deposit and get another 10% from help to buy, which will bring the loan value from the mortgage lender to 80% - is this possible? All the documentation I have read so far seems to indicate that the loan value must be 75% or less? Thanks
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Mortgages - hard credit searches
Hi Was declined remortgage for debt consolidation with accord (hard credit search done), I think its because we are close to our limits on credit cards that we plan to consolidate. My broker says not to worry he's put an application in elsewhere now and we are waiting a decision. I'm worried that if another hard search is…
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Minimum mortgage amout?
Just a quick question. Is 10k the least you can borrow on a mortgage? I appreciate it may vary depending on lender.
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Tick Tock Nationwide
So we've applied for a first time buyer mortgage with Nationwide, documents submitted, valuation completed last Thursday, more documents requested and submitted yesterday morning and then............nothing. What happens now and how long does it normally take with Nationwide?
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Mortgage Based On Relocation Allowance
Hi I am in the fortunate position of being offered a significant amount of money to purchase a property close to my work. The amount being offered could potentially buy a flat outright, and will be payed over four years. The trouble is that I need proof of purchase before I am given it And I'm not convinced I will be given…
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Declined - good solid advise needed
Hi Applied for a remortgage for debt consolidation - will take us to 78% ltv. We were turned down by Accord (too high debt to income ratio), Paid broker fee up front - refundable if they can get us a mortgage. Now applying with another lender. Been about 4 weeks so far valuation etc all OK are asking for other documents.…
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Single parent first time buyer
Hi, I'm new. I had a quick look to see if there were any recent posts similar to what I'm asking but couldn't find any. How much do I realistically need to earn to buy a 2 or 3 bedroom house? I'm a single parent with no one to put down as guarantors (if that's even still a thing). I currently live in a rented property in a…
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loans from either buy to let or right to buy mortgages
Hi i'm really hitting a brick wall here and i'm hoping somebody can help or at least point me in the right direction, Me and my partner are looking to be debt free we require are 25k so we thought that a secured loan or money gained through a re-mortgage would be the answer how wrong we were!! Can anbody tell me how we can…
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Aaarrghh Mortgage advice plz
Hi Folks Im running around in circles here so thought I would try the mass of knowledge here. The simple question is this. Can I get a buy to let mortgage even though I dont own my own property ? Here is the deal. Im in a fortunate position that I have a reasonable wedge of cash to put down for a deposit on a buy to let…
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Another "what are the chances?" thread
Hi all, Apologies for the thread asking - yet another - what are the chances question! Myself and my partner have got an AIP with Santander, ready to proceed to full application after finding a new home. He has a completely clear credit history, however I have two adversaries on my credit file - two late payments on…
