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Do lenders take your word for retirement age?
I am 47 and have 15 years remaining on my mortgage, due for renewal soon. My daughter finishes private schooling in 3 years or so. When I remortgage this time, I intend to go for a longer term (3 year fixed probably) so that there is some breathing space. Once the schooling is over I will be better off by 30k/year and will…
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1st Remortgage
Hi guys! In 15 months my fixed remortgage (ca 52000 GBP 3,09%) is going to expired. Could you please give me some advices how to deal with it? What should I do to prepare myself to get best deal I can get? Many thanks
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Remortgaging and Access to Credit
How much does access to credit determine whether mortgage providers decide to lend to you? My 2yr fixed mortgage rate will run out in December 2019. The full loan amount was for £81,250 and by the end of the fix should be about £63,000. My credit card provider has just notified an increase of my credit limit from £3,000 to…
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Sence Check My Numbers
Hi Need some help from those in the know, I've been to see a property today and would like to make an offer. However I'm now in meltdown over wether my numbers are correct and I'd be accepted for a mortgage. House price £130k Deposit £6.5k (95% LTV) Income £37.5k Debts (HP) £544 monthly Debts (CC) £380 but just paid £150…
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Original Mortgage Application Form
Have been with Nationwide for 11 years with 5 years to go on mortgage - I need a copy of the original mortgage application form - contacted Nationwide - they say that they do not have a copy - am suspicious about this as I am a customer who still has a live mortgage with them now - any ideas how I can get hold of the…
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Halifax name correction
Hi everyone, We finally had an offer accepted and a valuation go through with Halifax which was representative of the sale price... Our broker said that the mortgage offer will be with us shortly I've just checked over the details that the broker sent though and noticed that my wife's second middle name is spelt…
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remortgaging questions
Hi everyone,hope someone can point me in the right direction with a few questions I have about remortgaging. Our mortgage is due to expire in May 2020, we are currently with nationwide paying 3.64% (ouch). So I am keen to obtain a lower rate. I have read that if you change provider we will have to pay solicitor fees etc,…
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Mortgage and Ex hell
I am unsure which board to post this on so apologies if this is incorrect. My sister recently purchased a house with her now ex boyfriend, she had been saving for three years and managed to save £30k he saved £3k in this time. They purchased a house and got the keys beginning of April, two weeks later he was caught with…
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Financing a new joint property
HI All New on here, but wondering if anyone is able to advise best way forward. I am a young widower who following the death of my wife owns a property outright that is worth £325,000 My new partner also owns a property and if sold would likely clear £200,000, so between us we have a good amount of equity. We want to move…
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Help to buy isa
Hi all I have a help to buy isa for myself and I’ve just discovered you can’t use the bonus to pay for deposit. Plus there two types of deposits so that means double the money doesn’t it. I thought I could save so much and then the government gives 25% which goes towards deposit for the house. Thank you.
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Who does the valuation - FTB
Hey all, I'm really struggling to find out who actually does the mortgage valuation for the lender. Is it the actual lender with their team of spies... or is it the solicitor (approved by lender) or surveyor i appoint? Wondering if i get a full structural survey done will that impact the mortgage valuation... Thanks for…
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Definition of "high net worth individual" in mortgage terms
I understand that if a mortgage applicant is categorised as a "high net worth individual" (HNWI), the criteria which lenders are permitted to apply can be massively more flexible, and this flexibility can be very useful to applicants who might have substantial net assets but very little income, for example. I am, however,…
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Credit card for stamp duty
I’ve received a date to move into my house in a months time which is a lot sooner than I had planned (various delays and complications along the way so I can’t change the date). I have the deposit money BUT I don’t have the stamp duty/some legal fees. My only option is a credit card and I know I can’t do this yet. Is it…
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Final redemption figure
This may be a stupid question I rang my mortgage company today to get an account balance which was £38208.13 But my final redemption figure was £40217.66 I'm a bit confused as to why its higher The man said its because we're on a fixed rate with fees etc but I don't really know what he means. If I paid off £15000 tomorrow…
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Mortgage Broker...spouse visa, estate agents
Hi all I have come for advice. I am a British citizen and my husband is on a spouse visa, due to this I approached an all of market broker who got me an agreement in principle before i even found a property as i didnt want to waste my time looking if it was unlikely we were going to be accepted for a mortgage. We went to…
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FTB Halifax mortgage questions
Hi MSEs, First time posting.. Myself and fiance have recently had an AIP with Halifax and so proceeded to full application through MA. Currently awaiting the valuation early next week. OH credit score is excellent, no issues there at all. Mine is Poor, I have a default 2.5 years ago and a few late payments, none in the…
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Mortgage and Insurance - Confused
Hi, Just about to exchange on a new house and the mortgage advisor then brought up the subject of insurance and the different types. How the heck do you work out which insurance package if any is the one to go for? I'm mid 30's and single. I work full-time and adhoc self employed. No kids, no wife or partner, in good…
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santander mortgage
Hi all I've applied for a santander mortgage and surprised how quickly they arrange the survey. When do they send your mortgage application to the underwriters- before or after valuation? thanks
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Best Way To Get Off Mortgage?
need some help wiht getting off mortgage
