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Pre-Completion Anxiety!
Hi All, First time poster here looking to keep his sanity while waiting to complete on his mortgage. We received our mortgage offer in July and exchanged shortly after on our new build dream house. Fast forward to now and I'm currently sitting on an oil rig stressing all night because of an irrational fear of our offer…
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Remortgage Valuation - close to LTV bands
Hiya We bought our first home last year and will be coming up to remortgage time in Q1 of 2019. We only had a 5% deposit at the time and got a really crap rate due to credit scores. This time around our credit scores are completely clean (everything has dropped off due to the 6 year rule) and Zoopla estimate the house…
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Second mortgage
I currently have a mortgage with my brother. We have had the house two years and are about to go onto another two year fixed term. If I decide in two years time that I want to buy another house with my girlfriend, am I allowed to move out into my new home as my main residence while he is still allowed to stay in the house…
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Are affordability calcs accurate?
I have plugged joint income into a calculator to see how much I could borrow, and the result is always 4.75x salary. Even if I were to earn £100k a year, at which point higher rate tax becomes payable on more than half, the proposed max borrowing is still 4.75x so £475k. Are these multiples realistic in general? I suppose…
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Help - First Time Mortgage With a CCJ
Hi All, Me and my partner are currently looking to purchase our first home. I am 25 and she is 24. In the eyes of lenders, she would be classed as perfect, no debt and no bad credit. Her credit score is the highest it could be on Experian. However, it's a slightly different case for me. Like her, i have never been in any…
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Valuation Fee refund??
Hi, Bit of advice please. My partner is selling his commercial property and after being recommended a mortgage by his broker her went with them. It was primarily accepted and the valuation was booked in which he paid £725 for! However after the valuation the mortgage company has come back and said sorry they do not deal…
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BTL for ex-council?
Hello I hold an ex-council flat as a BTL investment. Current value approx £380-400k, with rent of £1,750. No voids, and solid tenants for the past 10 years. Mortgage is under £100k. I am considering remortgaging up to buy another one to put in my wife's name, as she is a non-tax payer and I pay tax at 45%. Aim is to raise…
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Is it wise to go with a lender that only uses Experian?
Hi there, About to apply for a mortgage and had some questions about credit reference agencies. I know mortgage lenders don’t actually care about credit scores per se but my Experian score is 992 out of 999, whereas my Equifax score is lower (as a proportion) and my Noodle one is merely ‘good’. Equifax mentions a payment…
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BTL remortage for debt consolodation
Hello Not sure if this is the best thread to post on, but I'm trying to get myself out of a hole... Due to various life things, I've accumulated a big chunk of personal debt. It totals nearly 50k, which is a huge figure and I'm not proud of myself but that is where we are. As things stand I am barely staying afloat, partly…
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Awaiting mortgage decision
First time post! Hello everyone! I am a first time buyer and a single mum. I have an agreement in principle from Skipton (according to my mortgage guy), and my offer accepted on a lovely property. Constantly googling "how likely will mortgage be approved after decision in principle".... it's driving me crazy. Is this just…
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HELP! Stressing over mortgage application.
Hi everyone, First time posting here. We have finally reserved our new home. We currently live in a area where house prices have gone sky high and can’t afford the 4 bed we want/need (for long term with 3 girls). So we have decided to move out of the area by about a 20min drive and save ourselves 100k! We found a house for…
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When to accept mortgage offer
Hi, This is a silly question, but I need advice! We are buying off plan and house won’t be ready until “summer 19”. We now have our mortgage offer and need to send back our acceptance form. Doing this now won’t cause an issue will it? I assume the mortgage only becomes payable on completion... as I said, silly question!
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75% share, how do I....?
Hi, I purchased 75% of a retirement flat 4yrs ago. I have now been informed that I can purchase the other 25% if I would like to. I paid £26,000. Zoopla values it now at £32,000 but flats around me are going for around £45,000. It's leasehold, which may account for a small part of that. The lease ends in 2092. Would I be…
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Equity release
Hello posting this on behalf of my mum. Currently she lives in our family home which is mortgage free. My mum and dad have been divorced for 14 years and my dad now wants 50% of the family home we live in. The divorce settlement states that he is entitled to 50% of the net value of the property. This stands in the region…
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Mortgage Overpayments - What happens at renewal?
Hello all, I'm hoping for a bit of clarity as I'm getting a bit confused about overpayments with my mortgage. My mortgage is a bit complicated as when I moved my existing provider "ported" by old mortgage as part of my new mortgage. This means that we will pay a significantly less amount of interested over the lifetime of…
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House deposit from dividend query
Hi In the process of purchasing a house Solictor is doing anti money laundering check me before reporting to lender to draw down money. Mortgage application all fine and offered on basis of dividend income and salary Solicitor asked for last 6 months statements for money laundering checks In last few weeks a transfer was…
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Nationwide mortgage advisor or underwriter - can you answer a question please?
I have a mortgage with Nationwide with the product not coming to an end until June ‘19. I’ve spoken with a mortgage advisor at Nationwide who confirmed I am able to port the product. What I’d like to know please is in porting the product, do Nationwide credit score in order to approve the porting to a new property?
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Application gone to Mandator
Aghhhh!!! Application has gone to mandator for final descion. Would the assessor send the application if they weren’t happy with it or do they not care?? I’m threatening about this offer. Valuation came in £5,000 less but the assessor said valuation was satisfactory and she was happy with it 😬🤷🏽!♀️🤷🏽!♀️ :eek::eek::huh::huh:
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Independent Financial Advisor or Mortgage Company?
Hi, Just starting the process of claiming for missold mortgage and I'm wondering who I send the complaint to independent financial advisor who submitted the application to the mortgage company or company who provided the mortgage? :beer:
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Mortgage Confusion.
Good Morning. Myself and my Partner have recently left Exeter, and moved in with my parents in the outskirts of Nottinghamshire (We both have graduate jobs paying £23,000 for myself and - £25000 for him) We've been living in Exeter for the last 2 years paying £700pcm We've contacted a few mortgage offering banks and been…
