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Credit checks/ Mortgage Application
My sister has young adult children both of whom are planning to purchase their own properties with their partners. I told her that there might be a problem as both are still (ever since university days) using their family home as their main address whilst residing elsewhere. One in same city as family home (in large block…
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First time buyer - Mortgage struggle
Looking for as much advice as I can get really... I'm in the first stages of looking to move out from my family home. I live just outside of London and the average 1 bedroom flat is around £250,000 (these ones aren't in particularly good condition) I don't want to move any further out because my travel into London will be…
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Is this classes as mis-sold?
Hi, first post so be gentle! I am currently about to go about remortgaging my house as my product period is due for renewal (3 Year Fixed). I purchased my house 3 years ago approximately, and I sought out a financial adviser who was recommended to me, part of a company & still trading. The adviser was helpful and went…
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Aldermore Current Timescales
Hi! Has anyone got any current timescales with Aldermore? Many thanks!!
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Barclays mortgage timescale?
Broker sent in our application last Friday and I can already see a hard search on my credit report on Friday. Sent us an email today saying that we've passed the lenders initial credit checks. What I would like to know is how long usually does it take to get an offer from Barclays? This is a help to buy mortgage we applied…
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Completion Date Discrepancy
Hi, We did a remortgage recently and just received a welcome letter from the new lender. The important point is that the completion date (as we set with the solicitor and confirmed on their letter) is different by the completion date mentioned on the lender's letter by 3 days (lender's date is 3 days sooner) and so they…
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Natwest: worth going to full application?
I presently have a mortgage with Natwest which is subject to a fixed rate early repayment charge until July 2020. I am now needing to sell and relocate. Ideally I would like to buy with my partner, but thought that would be out given my non-standard income (I work in standard PAYE employment part-time and study part-time…
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90% LTV on a commercial property possible?
Good morning Folks, A little advice required if you might oblige me. We're currently looking into purchasing a Hotel (small - 18 rooms, good turnover and ANP already plus opportunity for growth etc.) It's on the market for 1.6mil. We are able to put 10% up front and therefore, for this particular property would require a…
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Gifting house and mortgage to daughter
My wife and I are about to downsize and dispose of our £500K house. We would like our daughter to have the house, but we need to keep £200K for ourselves and we have a £117K mortgage and a further £55k in equity release secured on the house, both of which are in my wife and my joint names. My daughter's own property is up…
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FTB - HSBC mortgage stress
Hi there, We're FTB and have made a full joint application through HSBC after obtaining AIP for a property just over £300K. We have a 14% deposit, so falling into the 90% rates bracket. No outstanding debt, always paid credit card off in full every month. Combined salary of £94k. I stupidly forgot until yesterday that a…
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Financial and mortgage advice
Hello How do I go about finding a good independent financial adviser and how much do they charge and when they charge etc.
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Offset Plan
Hi All, Just wanted to pick your brains as to our intention with our Offset to check this makes sense, or if anyone has any better ideas or anything I'm missing. Had our prior mortgage 4 yrs and made approx £32k in overpayments. Always felt a little uncomfortable waiving goodbye to the cash, so now we've just remortgaged…
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How long for a new mortgage offer
For various reasons I pulled out of the purchase of a new build, and have since had my offer accepted on another house (not a new build) It seems the lender Clydesdale, is dragging their heels on getting the mortgage re-keyed and the new mortgage offer issued. I emailed the broker 2 weeks ago, as soon as my offer was…
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Leasehold property
I own a 1970s leasehold property that I have just put up for sale. The lease has around 60 years left on it, so I know it is not mortgageable. I have recently applied to buy the freehold, received the offer and paid the fee to buy the leasehold, not sure how long the transfer will take. Does anyone know if a mortgage…
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Help with Second home buying Needed.
Hi everyone, I really hope someone can direct me in the right path. I have read so much conflicting information out there about buying a second home. Currently I own a property that I do not live in with a friend nor have I ever lived in the property. I have just found the perfect house and have put in an offer and I’m…
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Ignore
Please ignore
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FTB, Graduate & Probation
Hi, Wondering if anyone could offer some advice... I graduated this year and have been in full time work since the tart of July. I’m on probation until January but have found the perfect house now... Which lenders are open to probationary periods? Thanks
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First Steps of First Time Buyers
Hi All, As you understood from the title me and my partner are a first time buyers and as many of us we want to start building our family in our own house. That why, one and a half year a go, each of us, opened a Help To Buy Isa, to help us save for the mortgage deposit. So far each of us have around 5K on the Help To Buy…
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Any Point in Looking to Remortgage?
Hi, Our 5 year fixed rate Nationwide mortgage (3.29%) is due to end in June. My wife is 4 months into an 8 and a half year DMP for £6.5k credit card debt. Is there any point in looking for a remortgage deal, or do I resign myself to being on the Natonwide BMR for ever? My MSE Credit club score is 988, my wife's is 390. I…
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Mis-sold repayment only mortgage
Hi everyone, This is my first post. Was after some advice or to be pointed in the right direction please. My in laws I believe have been mis-sold a repayment only mortgage. My FIL was compulsory retired (prior to 2010 when legal) and he was the only income source. The bank briefly extended the mortgage when it came to the…
