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Aldermore API to Full Application Acceptance
Hi all, My partner and I are trying to purchase our first home, we have an offer accepted Friday night on a new build, little did we realise we needed a 95% LTV mortgage with our 7% deposit and banks are often unwilling to lend on new builds due to the drastic devaluing, but we went to our broker and we have an AIP with…
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Barclays mortgage
Hello, Does anybody else have experience with Barclays? Do they take an inordinately long time to give a mortgage offer? It seems to have been with the underwriters for a really like time and I'm getting twitchy!:(
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Mortgage with payday loan
Hi I'm new here so hope I'm doing this correctly. My situation is that I am separating from my partner, have a deposit of £100k. Saw my financial advisor today who has advised me that as I have recently had to resort to a payday loan this may jeposise my chances of obtaining a mortgage. I work and have an ok salary, but…
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Mortgage term is ending, HELP!
So I have been to see a free mortgage advisor today as a starting point but I wanted to ask for opinions on here. Me and my ex-husband got this mortgage in 1997 but unbeknown to me, he got it on interest-only which is why it hasn't been paid down. His name has remained on the mortgage and deeds, but I have been paying the…
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Can Anyone Help with Mortgage Madness
I currently have a mortgage with my partner of £101,000 with HSBC, we want to borrow an additional £60,000 for debt consolidation and renovations to the house. The house is worth £300,000 at the moment but with the planned renovations would easily increase by £50,000 as the renovations are part of an existing new extension…
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Overdraft with Natwest any issues?
Looking at Natwest as a potential lender however I have od (never above agreed limit) on an old RBS account that has been this way for years. Long winded but reason boils down to laziness. My deposit & income go into a account with a different provider so any requests for !!!!!! of deposit would not be an issue. Income in…
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Help.... Local mine search
Hi All, We had our searches done and it came back with 2 mines within 20 meters of the boundaries. We then paid an extra £150 to have the extensive search done in order to satisfy our Mortgage Lender (NATWEST). We had this report back and its states that The risk of coal mining subsidence was to occur because of ground…
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Stamp Duty Scotland
I'm getting conflicting advice regarding Stamp Duty to be paid on the house I'm about to buy. The quote I received from the Solicitor showed £0 to be paid, but now I've had the contract through it states £399 to be paid? I'm waiting for the solicitors to open so I can phone but just wondering if the relief that the Revenue…
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Got finance before completion of house...
Was advised to post this in this section for additional comments. Hi, First time buyer along with my wife and everything is done bar the exchange of contracts/completion. Given we’re a couple of months out, I did a Google search in relation to distance between mortgage offer and completion, read these forums and noticed…
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Is it normal that I haven't been asked for proof of deposit
Hi guys. I get the keys for my house on Friday. I got an email today from my bank to say the funds are ready to be released to my solicitor tomorrow. I have filled in all necessary paperwork and sent bank to my solicitor. But I'm just curious as to why I haven't been asked to prove where my deposit has come from as I…
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Going over overdraft limit by pennies
Hi I have recently been informed by a mortgage advisor that going over your overdraft limit by pennies will be an instant rejection in any mortgage application. I have just seen in a recent statement that I went over by 92p in 1 month, just the one month and only for an evening. Ironically, it was taken as a direct debit…
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advice please
Hello all, this is my first post and im just looking for some advice really so please be kind. I have had my mortgage for just over 2 years and my deal i was on has ended, I am looking at paying a lump sum of £7000 off before I sign up to a new deal, the maximum I can pay off without any charges is £10,000. My concern is…
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UK Resident becoming Non-UK Resident
Hello All, Long-time lurker, first-time poster ;) So I have a quick query on a mortgage offer I'm sitting on. I'm a UK citizen and moved back to the UK about 18 months ago following a 10-year stint overseas and found it quite challenging to get a mortgage at a good rate (limited address history in the UK etc.). I finally…
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Renewing mortgage solo vs through an IFA
When we bought our house we went through an IFA who handled everything for us. We'd never bought a house before and didn't have a clue what to do. We didn't want to do anything wrong & end up somewhere along the line paying more through lack of knowledge so we were happy with the IFA's charge at the time & it was a case of…
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Should I cash in endowment that matures June 2019 before Brexit?
Hi, This is my first post in this forum... :) I have an endowment policy (not with profits, no bonuses on completion) that matures June 2019. It is currently £15k short of its target of £77k. I have covered its shortfall from other investments. I am thinking that I should close the endowment now before any potential drops…
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Mortgage Help
Firstly, I just want to say - I’m not sure if I’m posting this in the right place, so apologies if it’s not. Okay, so. We currently rent off my other half’s brother and he has recently sold the property. Our plan was to get a mortgage, because we have a good deposit and can afford it, but unfortunately due to my other half…
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Natwest tricked me into staying with them
I recently took out some extra borrowing on my mortgage to consolidate some debts. I did this with Natwest in January 2018 and there is a 5 year fixed term on it. This is on top of my original mortgage which is due to expire/come for renewal at the end of September. My problem is basically set out below: Main mortgage with…
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Tax on Gifted Deposit?
I gifted my son £15k to his £35k for a £50k deposit. His mortgage went through ok. My question to the forum now is regarding tax. My son has been told that he may have to pay an additional £3k on the gifted amount (20% )?? Does anyone know if gifted deposits are taxable?
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Any reason not to pay off the mortgage before moving?
We will be looking to move house in the new year, and the new house will probably cost half again what our current house is worth (when you think you're out they pull you right back in again). I will be in a position to pay off the remaining mortgage on our current place next week (tracker, no ERC) but I'll need to take…
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Advice with Mortgage Review after death of spouse
My parents took out a mortgage about 15 years ago. They basically took it out on a housing executive house they had been living in for years. Their mortgage was interest only. Unfortunately my dad passed away 11 years ago and mum has just never contacted them to inform them. I think she was afraid to. Also unfortunately at…
