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Mortgage Application (Electoral Roll)
Hi, My girlfriend and I have planned to move out of my parents house into a shared ownership flat. As I will be going to university in September without a secure income the mortgage will be in her name completely and I will have to offically move in at a later time. We have spoken to a financial advisor about the property…
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3 Residential Mortgages
Hi If we have 3 residential mortgages can the bank take one of the properties off us because of it? Any input will be appreciated.
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Mortgage Offer Expiry
Hi all, I’m in the final stages of buying a new build and we should of exchanged last Friday but because my completion date is now the 15st Aug and Mortgage Offer runs out on 2nd Oct according to our solicitor it doesn’t provide enough time in case of unforeseen circumstances and we could purchase with a mortgage. As we…
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Timescale for First Direct remortgage
Anyone had any recent timescales remortgaging to first direct? Our Signed declaration uploaded 23/5 - they had online valuation for property during the extensive phonecall prior to that but haven’t received offer yet. Any ideas of time likely to take?
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Shared ownership buying more shares so confused
Hi guys I have a 50% share in my house and my mortage is due for renewal end of September this year and I would like to buy more shares, the house group that own the other 50% said I need to get a valuation done before I do anything else but I have been googling and lots of people say I should go and see my mortage advisor…
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AIP LTV question
I applied for an AIP with HSBC just to test the water of my mortgage chances, I obtained an offer based on 75% LTV. Does that mean they will only lend up to 75% to me, or is it just an estimation on the assumption I have a 25% deposit? Also, rather than starting another thread... My employer is useless at giving me…
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Help to Buy Repayment
My partner and I bought a home in July 2016 using the Help to Buy equity scheme,we are fortunate enough to be in a position to pay it off but I have a concern to which I can't find an answer online? When our fixed rate mortgage comes to an end of this time, it's likely we will want to remortgage and so we understand the…
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Will I be OK for mortgage
Hi all so I'm going for a mortgage I'm self employed earned 25000-32000 a year for last 7 years apart from last year earn 20000 been travelling and spent that 20000 in last six months. Will my bank b******s (don't know if I allowed to post name) look at that in a negative manner. I only want to borrow 110000 over 20 years…
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When to borrow for home improvements
I don't know what to put into Google to find advice on this, so thanks in advance for any assistance. We are due to remortgage on our house at the beginning of May next year. We are hoping to borrow money to replace our original 1970s kitchen (yaaay), carpet, remove a wall, etc. and generally get our house updated. I would…
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Proof of previous address
Hello Submitted all documents for mortgage application last Tuesday. But they are asking for proof of my previous address from 3 years ago? How do I prove that? I don't have any paperwork that old. Thanks!
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Part buy part rent re-mortgaged higher then
Hi This year I remortgage with same bank fix for 2 years, initially they gave me very good rate but as soon I was about to finalise they said , we made mistake, due to you being partly owner and renting this property partly , your rates will be higher, I was surprise why we as partly owner have to pay higher interest…
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New Build HTB Exchange of contracts
Anyone know the exact process in terms of a deposit as we seemed to have experienced different merhods. So when we bougth our first house we had to supply a 5% on exchange however when we sold the same house recently we dis not recieve any until completion. Does anyone know the process for HTB New Build as in what is paid…
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Do you need to inform the lender about renovation?
Hello. I recently purchased a home and having lived in it for a few months, would like to renovate it. Some of the changes involve structural work. I want to open the wall between the kitchen and living room, expand the main bathroom a bit, and make some changes to the extension (enclose a porch to add sliding glass patio…
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Accepted on the same day
Hello, We had an AIP and then went to First Mortgages and they told us there and then that we had been accepted with Halifax. I said, does this mean we have the mortgage and he said definitely yes? Is this correct? He said I should have my letter of offer in a few weeks time, but does this mean it goes to the underwriter…
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Applying for a mortgage - bank statements
Hi, [Intro] New to the forum and couldn't find any info using the search feature for a similar questions and google only brings back a few sites. [Question] So I'm 21 years old and starting to plan ahead for getting my first mortgage in about 12 to 16 months time depending on how saving goes. I read online for getting your…
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Santander remortgage redemption fee when waiting on new house
Hi all, My wife and I have just sold our house. To speed the sale up, we agreed to move to my parents because the seller of the house we're buying needs to wait for their new house to be built. So, we plan to be with my parents for around 3 months. So, given we needed to borrow more, we remortgaged with Santander. Since we…
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TSB Mortgage Switch
Hi All, I really want to switch from the variable at TSB to a fixed rate, but I haven't been able to do so with all the problems they have had recently. Does anyone know if their systems are up and running again for mortgage switching? I can't find the link to do so online. Thanks, Natahsa
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**Success story** Mortgage with Pay Day loans and missed payments
Hi, I wanted to post my story, as I have spent weeks and weeks scrolling through these forums looking for advice and 'success stories', re getting a mortgage, and have found it very helpful. Myself and my partner are first time buyers, we both had a reasonable deposit saved, and felt we were ready - BUT- 2-3 years ago I…
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Too much life insurance on Endowment - can I reclaim after 20 years?
I think I may have dropped a colossal clanger. I have 3 endowment policies with L&G :- Policy 1 set up in May 1993 - Target £19k, has just paid out £14k. Life Insurance of £19k. Monthly payment of £27.08, total paid in £8,124. Policy 2 set up in April 1995 - Target £31,750, predicted to pay out approx £22k in 2020. Life…
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Help to Buy, quick question
Hello, Just a quick question on help to buy, obviously it is well advertised that you can borrow 20% of the house asking price. Am I right in assuming then that you can potentially borrow anything up to that i.e 3%, 5 % , 10%. 20% of the house we are after comes too 92K, we at the most only want roughly 20K, is this…
