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A Natwest Update - Help my nerves
Everyone Fmaily, friends, Mortgage broker etc all telling me to relax and it will all be fine. I am one of these people who thinks positive overall but also thinks something will go wrong financially. So our Survey is booked for Monday 25th! Our MB reckons we might have more of an idea or even an offer next week sometime.…
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To overpay a mortgage is it best to overpay or reduce term?
I currently have a mortgage of around £130k and my payments are around £450 a month. I am renewing my deal to a two year fix with First Direct at 1.65% and wondered whether I should also reduce the term by around 5 years to force me to overpay and make the payment reach around £500. Or would you just set a standing order…
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Disposable Income Assessment - Mortgage Application
I have just asked google a very simple question, and couldn't find an answer, so I've come here to ask the question instead. I am currently a private tenant paying monthly rent. If I applied for a mortgage, would they exclude my current rent payments from an assesment of my monthly disposable income? Common sense tells me…
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Chances of securing new mortgage while carrying CC debt
Hi all, just looking for some general opinions from folks in the know, of me being able to remortgage with a new provider with the following circumstances: I have a cheap terraced house, in a low cost area: last valued 8 years ago at around £65k, limited recent sales in this area lead me to believe it might be valued at…
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Will I get a refund of some of my mortgage payment?
Ive exchanged contracts on the sale of our home and purchase of another and am due to complete next Monday. Today I’ve had the breakdown of costs from the solicitor. In the breakdown they’ve included the mortgage redemption for the sale of our property. This is approx £200 more than what our current mortgage stands at due…
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Who's credit is checked in the application? - help needed
Hi, just looking for advice... Is it just the people taking out the mortgage who's credit is checked or is it the household credit? My son still lives at home and is planning on getting a new car, which will require finance. Do I need to get him to wait until I've finished my application? or will his credit be impartial to…
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Stamp Duty and Multiple Dwellings Relief query
Hi We are about to complete on our property which also has an annex. Our solicitors state that this is a grey area and that the amount of stamp duty they will be asking us to pay is £5650 based on our purchase price of £313000. This is the amount any normal house would pay at the same price. I have instructed our…
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mortgage on low income
hi all, thank you in advance for the help. looking to get a mortgage but the problem is that my income is low and not the same every month. but i have been in the same job since 2015 and the income comes every month and it is always more than £1500 + after tax. i have saved £45k. firstly i wanted to get a house and was…
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Btl
Just a tip for those who have or are still considering a BTL property. When you sell any of your investment properties you may be liable for capital gains tax. You can currently make up to 11,300 pounds then you will pay tax. However if you are buying you should always buy in joint names so as to have individual allowance…
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First time buyer advice
Hi all , I am almost in a position to start applying for mortgages. Just about there with my deposit (which has been a bit of a slog, especially as a single applicant). I have personal loan with the Halifax which I took out a couple of years ago to buy a car which I was planning to settle by selling the vehicle before I…
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First time buyer advice
Hi all , I am almost in a position to start applying for mortgages. Just about there with my deposit (which has been a bit of a slog, especially as a single applicant). I have personal loan with the Halifax which I took out a couple of years ago to buy a car which I was planning to settle by selling the vehicle before I…
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Is it possible to get a mortgage with one 2 year old default? Advice appreciated
So i am looking to see if it would be possible to get a mortgage. I have one default which is now 2 years old, the amount was for £340 and it has been settled. I earn £25,000, have a £10,000 deposit and looking for a property 90-100k. I have no other debts, i am using a credit builder card to try and up my credit score but…
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Why have Natwest not done another credit check
So we had a soft check done on our AIP via Natwest on 11th March and we got this no probs. Our MB put through our full application on Monday 18th March. Our valuation is booked in for Monday coming 25th March. So when i log in to my credit file online there is no other search apart from the search completed on 11th March.…
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Inherhitance, Debt, Mortgage Advice Needed.
Hi, first time poster but I'm hoping some of the knowledgeable souls on this forum might just be able to give a steer in the right direction? It's a bit complicated so please bear with me. My last living parent sadly died last year and we have been dealing with the estate and are just about getting there. There are 3…
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2 or 5 yr fixed
Hi, Just want to see what the feeling is regarding interest rates. Moving house and got the choice of a 2 or 5 yr fixed @ 1.54 & 2.04 respectively. Is the general feeling to go for a 5 year based on the fact rates are bound to go up? Or should I take the lower payment (£120p/m ) from the 2 year on the basis that if rates…
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Mortgage declined - onto the next one!
Just after a little bit of advice. We originally applied to NatWest and had our DIP, unfortunately they declined yesterday due to "person characteristic" and the fact a notice of correction (which related to my name being spelled wrong on the electoral roll, not credit). Was disappointed but I think hey ho, it wasn't meant…
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How to get out of joint mortgage with mother
Hi all. 6 months ago I purchased my first home with my mum. I was in a long term relationship and struggling to get on the property ladder. She had split with her partner and was struggling to purchase a house large enough. We agreed to buy together to help us both. She had a large deposit and my salary meant we could have…
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Remortgaging within 6 months of ownership
Hi, I’ve owned 50% of a property with my mum for several years and I’m now inheriting the other 50% from her. Will I have to wait the 6months before remortgaging the property even though I already owned 50% of it? Tia
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House up for sale and mortgage rate coming to and end
Hi, I'm in a bit of a quandary. We put our house up for sale near the start of the year and whilst we have had quite a lot of interest (and lowered to price now to make it more competitive) there haven't been any offers that are within what I would consider selling for. Anyway, the plan is to sell up and move in with…
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Mortgage extension with Santander
Evening. I’m after some advice as I’m starting to get very stressed. Offered on a new build beginning of last year (small private builder type), aiming for completion november. Using HTB and got our mortgage offer no problem. The build has been delayed and although is now complete - our mortgage offer expires on 25th…
