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Old Defaults
Hi everyone I would appreciate thoughts on whether we stand any chance of a mortgage. I know the devils in the details and we will be eventually seeking the help of a broker However I am stressing more than my OH and would appreciate any opinions . OH has 3 old defaults that are due to drop off in 2019, all paid with the…
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Property with an annexe
I am attempting to buy a property with a self-contained annexe in the rear garden. It is not connected to the main house. The intention is that my parents would live there. My current mortgage provider is unable to assist. Can anyone recommend a provider that offers mortgages on these type of properties? Thks
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Remortgage and overpayment of balance
Hi, Currently switching from Halifax to Nationwide, but the new lender has the mortgage amount on the completion statement down as £105.9k yet the halifax balance is actually £105.2k since it’s taken so long. What happens to the amount overpaid by nationwide to halifax, do halifax automatically pay you the difference…
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Remortgage - now what?
Hello! I know it's how long is a piece of string; but driving myself crazy so hoping somebody has some idea of timescales and steps still to go. I am being bought out of my property. Former partner has mortgage offer, TR1 and RX3 forms have been received by the lender and the solicitor (lenders) have said the lender is OK…
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Kensington Mortgage company (kmc) review
So a lot of people are using Kensington so wanted to shed some light from someone who is using them and someone who is about to leave them. Over the last 2 years, I've been using KMC to fund my house purchase, whenever some other bank didn't allow me to have with them (it would've been better if they did! That's for…
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Advice from any brokers would be appreciated
Good evening, I'm after some advice on how best to proceed. Long story short I'm about to sell my home and where I'm going has fallen through. Carrying on as have made good profit. Will go to rented. So, with the profits after fees etc I will have roughly 35k, I bought with wife before, she has stopped working, will get a…
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loans and mortgages
Hi, I'm planning on getting buying my first property shortly after Christmas. Deposit is in place, i have a good income and have completed a few decision in principles (soft search ones) and they suggest the banks will offer more than i need and i also have an excellent credit score according to experian (no missed…
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Credit search and remortgage
Hi, I will be making a new current account application. Not looking for any overdraft facility. Have not had credit searches on my credit report for the last 12 months. I will be applying for a remortgage in January. Will that new current account search likely to have any affect on my remortgage application? Thanks
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Investing on claiming back on mortgage?
Dad been contacted by company regarding investing in audit overcharge mortgage claims? Dont really understand it to tell you the truth but company as asked for 5k up front from him but they say there is no risk of loosing it as claims are insured (surely no free lunches?) They said they have computer formulas that work out…
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Mortgage advice.... take another fixed rate or personal loan??
Hi all, Just looking for some advice. We are coming to the end of a 5 year fixed rate and will revert to Barclays SVR of 4.14% in January 2019 so obviously don't want to go in to the SVR rate. If we saw out our mortgage term there would be 2 years and 3 months left at the end of December. Anticipated balance at end of…
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Money towards mortgage from outside UK - tax implications
My MIL has offered to pay a sum off our mortgage, she lives in Ireland, it is likely this would be around £20,000 although she hasn't confirmed the exact amount. Will this be subject to any kind of tax if she were to gift it to us? It's not negotiable what it is used for, she is only giving it on the condition it pays off…
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Interest Only Mortgage
Hello I keep hearing about interest only mortgages and potential shortfalls and should the lender have done more? I took out a repayment mortgage in 2007. Due to my redundancy in 2009 and the birth of our son someone suggested that to help a little financially we could change our mortgage to interest only as that would…
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Remortgaging arithmetic
Hi. Current deal ends this month, have my redemption figure for 1/12 (£49,464), LTV=58%, and looking for a 2 year fixed. I've arranged to see a mortgage advisor at TSB tomorrow. I have my eyes on their 2 year fixed @ 2.09%, plus free legal & valuation fees, as well as £150 cashback due to my current account. A quick check…
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Forced to take out Life Insurance with Mortgage
Hi Hope you can help. My partner took out a mortgage with Halifax in late 1980's, a single man with no dependants, and he is still single with no dependants. However, he was told that he had to take out a life insurance policy to cover the cost of the mortgage or they would not allow the loan to go forward, he was even…
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Home Report Refresh and Retype
I've tried to contact our solicitor about this but getting them to answer the phone or email is tricky! Our mortgage lender has asked for a refreshed home report before they can obtain a retype. Home Report is over a year old so no big surprises there but I'm somewhat confused about who pays for this, us or vendor?! This…
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Best Time to See a Mortgage Broker
Good Afternoon All, I’m looking to buy a house next year (first time buyer), but haven’t started saving for the deposit yet(!). However, I have paid off all debts, closed all credit accounts that I don’t use and generally tidied up my credit report. I’m not looking to spend more than £150,000 on a house and I should be…
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Dual Bankrupts - Probability of a Mortgage
When the date reaches 01/08/2020 my partner and I will have been discharged from his bankruptcy and my DRO for three years. He will have been in his job approximately 2 years and 9 months earning £29,000. He works in insurance. I will have been in my job approximately for 1 year and 9 months and will presume to still be…
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LISA buying half partners property
My partner currently owns their own home. I have never owned a property before and therefore would be a first time buyer. In the future we would be looking to transfer half the property to myself and be put on the mortgage and deeds. Would I be able to use my LISA to contribute towards this? Thanks in advance :)
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Nationwide Valuation timeline
I am hoping one of you can give some info based on previous experience with Nationwide.. I had posted in the timeline thread a couple of weeks ago when my purchase fell through as seller pulled out on the day of my valuation. My application was then cancelled. I have now found another property and had an offer accepted. My…
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Can I instruct survey/searches before mortgage valuation?
Hi all We have had confirmation that our mortgage application will be accepted, subject only to the valuation. We are keen to get a move on with the searches and survey. My question is, do valuations tend to match the offer, and if not, what happens? How often do problems arise from the valuation?
