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Mortgage on house currently being rennovated
Our home is currently having a large extension which includes a whole new kitchen. As such, we have moved out for a few months whilst the building work continues. There is no kitchen today. The mortgage on our home times out in November, and I have applied with HSBC for a new mortgage, plus some change to pay for a part of…
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Surrendering an endowment with Brexit looming ?
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Advising Mortgage Company Of New Job
So i Have a mortgage offer from HSBC which expires in December. My house move is dragging on and still ongoing. I've been offered a new job and I've been advised that if I hand my notice in I would need to advise HSBC and they would re-underwrite the mortgage with the possibility of the mortgage being withdrawn. I…
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Best Lender for 2nd jobs
Hi all, I’m currently pulling my hair out. I need to remortgage, my brokers gone awol so I’m attempting it alone (may not be wise but nothing ventured nothing gained). My circumstances have changed since I took the mortgage out, now I have a send job. I’ve scaled the net and can’t find another lenders other than Nationwide…
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Unemcumbered Mortgage/Loan with a difference
Hi, Myself, Partner and partners mother are in the process of buying a house together. To facilitate this we are selling our current properties. Partner's mother is mortgage free, myself and partner have a current mortgage. We have enough capital after the sales to purchase the new house outright and pay our existing…
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Valuation before underwriting checks?
First time buyer! 05-09-18 - DIP/AIP given. 06-09-18 - Reserved new build 10-09-18 - Broker submitted barclys full application 13-09-18 - message earlier to say valuation is booked for next week Spoke to the broker, they says that Barclys only requested the docs the other day so they cant imagine theyll have finished the…
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Halifax mortgage
Hi All, Does anyone know the time scale for Halifax mortgages approval? The people I am buying from need to sign before end of this month and I'm concerned it may not be done by then. Submitted application on the 12th Sep though my broker. I don't even know if a valuation has been booked and how long does this even take.…
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Which Bank Is Better For Commission
Good Morning, Apologies in advance if this question has been previously asked and answered already. My salary is very heavily commission based and I wonder which banks look most favourably with this. I intend to apply for a mortgage in about one year and would have a deposit of approx 20-30k. I have only recently moved…
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Skipton - credit/affordability checks when remortgaging/accepting new deal as an existing customer?
My fixed rate mortgage with Skipton is due to end in October and I’m wondering what the process is when accepting a new offer with them. It’s my understanding that some lenders don’t require new credit and affordability checks when taking out a new deal with them, is this true for Skipton? I’ve been sent a number of offers…
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Mortgage 50/50 ownership
Hello, I am looking at buying a property in the region of £200k. My cousin will buy 50% of the property outright, and my dad will give me £50k then I will get the rest around £50k as a mortgage. I have already spoke to the bank and they would lend me £70k so that's fine. But do I have to tell them about my cousin buying…
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FTB Aldermore
My partner and I are trying to purchase our first home - our timescales currently 24/08/18 Offer accepted 4/09/18 Broker Processes full application to Aldermore after AIP comes back approved 10/09/18 Phoned Broker - Tells me he needs to phone headoffice for an update and we have had no contact since from broker - I phoned…
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Mortgage offer???
I don’t know whether I’m just being a bit dumb lol..... Me and my OH are in the process of buying a house together! He’s remortgaging his property and will in time rent that out and at the same time we’re buying a house together! We received an email from the financial advisor yesterday late on in the day stating that ‘the…
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Why can't I staircase my shared ownership?
We have a 50% share in a property with Bromford HA. We love it here and want to stay but desperately need more space now we have 2 children. However we are not allowed to staircase. 😣 we knew this was the case on purchase and didn't really worry as didn't plan on staying here so long, but changes in finances with children…
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Documents for mortgage interview with lender
I have an appointment tomorrow for a mortgage interview - with a lender, not a broker. They were to contact me today to confirm and tell me what documents I should bring, but they didn't. By the time I realised they weren't going to it was too late to ring the branch, but their call centre were able to confirm that the…
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Remortgaging to release equity for investment
This is one for the mortgage brokers on the thread please. Would be grateful for any tips. I have got the opportunity to participate in a Management Buyout of the company that I work in, with me as one of the senior managers. Unfortunately, I don't have a lot of money to invest at the moment. However, I have a mortgage…
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Nationwide Broker
Any broker out there that can get me a better rate with Nationwide then publically available rates, please get in touch.
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MB advising need 15% deposit
Hello all, I’ve just had an offer accepted Of £230,000 for my first property and have a 10% deposit, maybe more if possible. My MB has advised me that I may need a 15% deposit due to my Credit rating which in his words isn’t great but good. It’s about 750 on Experian. I’m 25 and have about £7000 debt on 2 CC which are paid…
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Applying for mortgage in principle
Hi, I own a property with my ex (50:50) and he's buying me out. The transfer of equity should be completed any day now. With the money I get from selling my half of the property I want to buy a place. I wanted to apply for mortgage in principle today but then realised that when the mortgage provider will start doing credit…
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Scottish widoe endownment
We have a Scottish Widows, low-cost endownment with profits endowment due to edpire 13/1/2019. interest only mortgage expires 15/10/2018/ Today we received figures from SW detailed below Surrender value £42669 illustrated maturity vale 0.5% 39400 6.5% 42900, now im guessing there is no way we will get 6.5% (they dont do a…
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Affordability calculator...
Hi all, How accurate are Intermediary affordability calculators? I used the Santander intermediary one that my broker used and got the same result which is much better than we expected, giving us 10k more than we need for our mortgage. So long as we've inputted all the info correctly (we have) How are the odds to actually…
