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Nationwide mortgage
Hi, If the credit file shows two hard credit search in past 8 months related to mortgage applications, How does this affect the application (provided everything else is fine)? Thanks
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Offset mortgage - borrowing from reserve
Have had an offset mortgage for 300k since 2007 (so prior to the credit crunch) - 40k left owing on it but this is fully offset and has been for some years. Might want to borrow some of the remaining 260k at some stage to enable purchase of retirement property Does anyone know how you borrow the money ? I think you used to…
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Failed audit check with Halifax- advice please?
Hi all, Hoping for some advice from someone who has been in the same situation. Myself and my partner had an AIP thorough our broker with Halifax, and a week later we put an offer in on a house which was accepted. Our broker then made the full application with Halifax which we were told was fine, and money for the…
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Phoenix Life Endowment Statement
This may be a long shot, but has anyone got a current Endowment Policy with Phoenix Life and received their end of 2017 statement yet? I rang them last Weds 13th and they said it should be arriving any day because they were all sent out on Friday 8th June. Still nothing has arrived so I'm trying to work out if they were…
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Halifax - Taken my over payment pot
Hi, has anyone else had this?? I have a flexible mortgage with Halifax. I received a letter from them this week saying they have reduced my minimum mortgage payment by £40 per month due to a mandatory FCA regulation. I am a contractor and am sometime not working. I over pay my mortgage each month, so that I have the…
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Land registry name change
Hello Me and the wife are in the process of re-mortgaging. We have got to solicitor stage. The banks solicitor has stated that I need to provide further identification and they will write a statement of truth and contact Land Registry to change our names. We bought the house before we were married, so Land Registry shows…
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Mortgage with 10k cc debt
Hi all, Please be gentle. Salary £25700 CC debt 9k Overdraft £1500(mainly in it) No late payments ever, no defaults, gifted deposit 10% of property value (65k property) Single mortgage app - any chance?:(
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Halifax retention product - 3 month period
Hope someone could answer this please. I have a fixed rate mortgage with Halifax. The fixed rate ends 31st December, so we can do a product transfer from 1st October with no penalty. Current rate is 3.44%, there is a product that matches our circumstances at 2.19%. That new product says that completion should be before…
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House being repossessed and a gifted deposit is at stake
Hi, I am asking this on behalf of my Mum as she is in a bit of a pickle. My Mum lent my brother a large deposit after the sale of her house, in order to help him and his wife to buy a house of their own. Some time later, my brother and wife moved out of the country suddenly due to a change in my sister in laws family life…
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Mortgage refused on valuation of old property - what are the options?
Hi Everyone, We are facing the challenge of trying to buy a very dated house through an EA to do up as our future family home. We had a mortgage approved subject to valuation, but after citing damp, possible timber decay, possible vermin, and mentioning the need for a kitchen and bathroom refit, they have said it doesn't…
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Nationwide fiasco
Sorry this is very long, but we are at the end of our tether with this Building Society. In April my husband and I went to see a mortgage advisor at our local branch as we wanted to borrow more money to fund an extension. As we have one year left of a fixed rate mortgage (£80k owing), the advisor recommended we have a…
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Nationwide full application - DIP Accept and then Decline???
Hi all, I submitted my full application to Nationwide last Thursday after a DIP-ACCEPT Over the last few days there have been a further 2 DIP Certificates generated that state DIP - ACCEPT. Today the case has updated to say: ProofOfPrimaryEmploymentAnnualBonusOrCommission received and satisfactory 20 Jun 2018 Decision in…
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Personal guarantee for company mortgage
Hello everyone, I’ve got a mortgage offer on my company’s property, but the lender wants a personal guarantee. I don’t really care about my potential liability, as I’ve got several mortgages in my own name and I think I understand the risk I’m taking and I wouldn’t borrow the money if I didn’t think the company & I could…
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Shared Ownership - Staircasing
Hi there, Just a quick query in relation to staircasing on shared ownership properties. I currently own 30% of a property under shared ownership and are renting the other 70%. When I moved in a few years back I was living alone however I have am now in a serious relationship. As such I would like to staircase up to 100%…
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Santander - processing times intermediaries
Hi, we have just sent the full application off to Santander through broker. Had a text to confirm they have it from Santander. On their service levels it says setting up applications received on 19th June. then it says we are reviewing applications sent to our underwriters on 14 june. Which part is when they do the credit…
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Mortgage payments with unequal deposits
Hi there. My partner and I have bought a house and we've made unequal deposits (one 80%, one 20%). A legal document has been written up to protect each person's deposit. What are people's views on how we should treat the mortgage payments? As I have paid 80%, should I pay 80% of the mortgage too? Or should I actually pay…
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Unsettled 7 year old ccj?
Sick with stress over this so could seriously do with some advice. Have applied for a mortgage with Precise - husband had a ccj applied 7 years ago, it’s not on his credit file but it’s unsettled. Also, at the same time they got an inhibition order against him. Have enough equity to clear if it is is in place. My stress…
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Gifted Deposit
im looking to buy my first home, in order to do this my parents would like to take out a personal loan and gift me the money, they are aware that this is a gift and are not expecting the money to be paid back or to have any rights over the house. Will a lender or solicitor question where the money has come from? will it be…
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Options around mortgages
Can anyone offer any suggestions please I currently co own property with DD and DSIL. 50% mine and they each have 25% share This was done 15 years ago when they moved in with me in my large property. Helped them get on property ladder and meant I was not living on my own House is worth about 250k and mtg is 80k (we…
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Debt Consolodation mortgage
Ok, in a nutshell House Value = 300k Outstanding mortgage = 125k @ £675/month 21 years left 2 x Personal Loan = 20k @ 430/month 50 payments left 3 x Credit Card balances = 23k Spent 70k improving house some from savings and the rest from the above borrowing My income 31k + 10k overtime and bonus (7k of which is guaranteed)…
