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Mortgages & endowments

Archives for November 2018

Buying out a joint owner
Hi there, Apologies if this is the wrong section of the board. I am asking this on behalf of a family member so i only have rough details. Basically, a husband and wife are joint owners and have paid off their mortgage. Their relationship has completely broken down due to irreparable issues and they wish to separate. The…
HELP Mortgage offer withdrawn after exchange
We have had our mortgage offer withdrawn after we had exchanged contracts . It is a new build house through the help to buy scheme due to complete in Feb 2019, they have told it was withdrawn because we took out finance on a second hand car. Is there anything we can do?
Remortgage from Santander
Hi, We've currently in the process of remortgaging from Santander to Coventry. The solicitors have obtained a redemption statement from Santander that is valid for 7 days and are set to complete on the 4th December. The statement states is assumes there are no credits between now and when the mortgage is redeemed, however…
Second charge equity loan
I took out a equity loan in the form of a second charge when purchasing my property 9 years ago. I've paid off my mortgage and now in the process of paying off the equity loan. The process was to get a valuation done which I had done by a major estate agent and submitted the valuation to the equity provider. The valuation…
Nationwide automatic mortgage extension
Hey, This morning I received an email from Nationwide stating that my new build mortgage offer has been extended until Feb 2019 (original expiry was the 29th December 2018). I was advised by my mortgage advisor that, should we have needed to extend our offer, we'd have had to submit new payslip etc. My question is.. is it…
Mortgage application - credit questions
Edited out for privacy.
Buy or Rent
Hi, I will work in UK from January 2019, and I may stay in UK for a few years. Anyone could help me, what's the ROI for buying a condominium in London? What's the price range? My friend told me rent a room is better than buy it in London, but I'm considering the ROI.
HTB and renting property
Two years ago I bought a property with the aid of the help to buy scheme (Scotland). Now my partner and I are looking to buy a house together and I am considering trying to rent out my current property. However, I believe that this is not possible with the shared equity from Help to buy. Can anyone give any advice on the…
Possible mortgage retention regarding un adopted road
UPDATE 29/11/18: we have had confirmation that it is a £10,000 mortgage retention pending completion of the un adopted road to a satisfactory standard, we are waiting for a solicitors on what to do next… Hi, We are at the tail end of buying our house of £140,000 and we are borrowing £50,000 with £90,000 deposit. Our lender…
New build change of address mid application
Hi, we are in the process of buying a new build. We are using a broker and application has been submitted to NatWest. Valuation has been scheduled with the builder etc. Today the developer got in touch to say they have legally changed the address for the whole of the site. Plot number etc hasn’t changed just the postal…
How likely?????
I have an interest only mortgage that is due to expire in October 2019. House has been professionally valued as being £750,000- £800,000. Mortgage is currently £389,000, with a second mortgage of £46000. I currently have £100,000 cash in bank I will use to reduce it (keeping it in my own limited company business account…
HTB in the event of Housing Crash
I’ve tried finding an answer to this but it’s proving quite difficult! As a first time buyer using the HTB loan scheme buying at the apparent peak of the housing market (bad timing!) I have a question if anybody can help answer it! The HTB guidance is quite clear if house prices UP that the 20% owed will be 20% at the time…
Applications - in reality how often are people turned down?
Hi everyone Just a musing... (whilst I very impatiently wait for my application to be assessed by Skipton) Obviously a lot of people are slightly anxious on here, and I have done a lot of googling "likely hood of decision in principle not getting approved at application" Such a mixed bag of results and of course, it…
Mortgage Valuation
Going through a remortgage at the moment no current mortgage in place Need to have a valuation done what would that involve? Cheers x
Kensington Mortgage offer
Hi all! I received a call from my mortgage advisor yesterday, to say that Kensington have made the offer. How does the offer usually come over, email or post? It’s been a long 6 weeks and I’m getting pressure from my estate agent to get everything sorted before Christmas, but my solicitor won’t act until she is sent the…
Is a Mortgage advisor needed in my situation?
I've had an offer accepted on a house (WHOO!) and I'm going through apply for a mortgage now. I've been looking online (through martin lewis + comparison sites) and have really found a mortgage that I believe suits me and my situation. I've also taken advice off family friends who are really into real estate who say that…
Nationwide Valuation
I have my re mortgage valauation on Friday 🤦!♂️ What should i expect? Is it just a look around/measure up kind of thing or more in depth look ?
Scottish Widows' Letter
My wife and I have an endowment each with Scottish Widows and have received letters from SW admitting they have not sent us our annual review and therefore failed in their duty to us. The annual review is when they tell you whether the endowment is on track. The recent letter is strange in that it asks us to let them know…
Mortgage Advice - change in circumstances
Hi all. I am hoping someone can help me as I am not too familiar with all of this. In the coming months I am coming towards the end of a 2 year fixed mortgage. This is a mortgage that I have alone on a good interest rate. However, my circumstances have since changed and I have found a partner and we are discussing moving…
Mortgage rejection
Me and my partner applied for a mortgage with a 10% deposit with HSBC and we were accepted. Long story short, we had to ‘reapply’ for the mortgage with a 5% deposit, which they rejected... Me and my partner both have good credit scores, the only thing changed since reapplying is that we got a joint reward current account…

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Mortgages & endowments

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