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Small outstanding mortgage best rate?
I have a small (£20,000) outstanding mortgage with 8 years to run that I am currently overpaying (total payment £450 a month). It is with the Nationwide on their BMR, ie 2.75%. I was recently told by a know it all that I am paying too much. I've searched remortgages and either the fees wipe out the advantage or for fee…
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made an offer, waiting to hear back from mortgage broke
I've made an offer on a house and EA want to have a MIP or some document from the broker stating that i will have the funds to purchase the house. Broker is being slow and not replying. Wondering how long should I give him before he replies? I have another MB "in waiting"but obviously I'd rather proceed with the one I've…
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Aldermore valuation today...
So Aldermore Instructed Valuation for today Tuesday 13th August (hoping all goes well) My nerves can't take it anymore. How long do you reckon until we hear anything ? Also with aldermore we got free valuation and our broker said they have everything they have asked for since last week now The thing is they wouldn't send…
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Solicitor Bank statement for mortgage & thirft contribution.
Hi everyone, I currently got a mortgage offer on HTB, and our deposit is 11k , I have a giftor that is 5k and this has been processed during the mortgage application, so no issues with that. I have got to the stage where I need to show my bank statement to my solicitor. My issue now is part of our savings was 3k currently…
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Can my payments be included in Partners mortgage aplication.
I have terrible credit and have no chance of getting a mortgage. The mortgage on our house is solely in my partners name due to this. We are not married and we have an 18 month old baby and split all expenses (inclucing mortgage payments) 50/50 and I transfer this to her on a monthly basis. If we want to move and need a…
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Income considered in a mortgage application?
Hiya I’m currently saving to buy the house I am renting. I’m single with no dependents (daughter is 22 and works full time). I work full time with a salary of £25000 p/a but also get an additional £4000 in company shares I can cash each year plus a further £3600 per year in PIP as I have severe mobility problems. Would a…
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NatWest Concessionary/Discount Purchase Stamp Duty Land Tax
Can any one help? Context - Family member (Father) willing to sell his second home to us for under market value. NatWest call it a discount purchase. Other lenders like Nationwide call it Genuine Bargain Price. Coventry also do this. I believe Concessionary purchase is the technical term. Market value £600,000 Discount…
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Application Process with Platform Mortgage
Has anyone had any experience of processing a mortgage application with Platform? They've been incredibly slow in the process so far I feel. We phoned to apply on 24th July and after a 5 minute discussion around income we get asked to book a 3 hour financial in depth chat with one of their advisors on 6th August (the…
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How long after valuation?
We are due to have our valuation carried out on our new build on Thursday and wondering how long after the valuation will we know if we have a mortgage offer. Our application is through a broker and Aldermore. We have been told by the broker our application has been pre-approved and as long as the information provided is…
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TSB Homebuyers Plan question
My in-laws had one of these that they took out in 1994 and stopped paying into in 2004 when they moved their mortgage elsewhere. My question is whether or not it's an insurance policy that ends when they stopped paying it or whether it's some sort of endowment as the original paperwork details a sum payable on maturity…
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Finding a past mortgage provider
Between 1989 and 1999, I owned a house. Although I have the address of the property, I can find no record of who I had the mortgage through. I have no old bank statements or letters from the mortgage provider. Can anyone advise how I can find this information as I want to use this information in a PPI enquiry? Thanks
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Tips for first time buyer mortgage but been living overseas.
My husband and I will move back to the UK next July and hope to get a first-time buyer mortgage with a 50% deposit. eg. 100K deposit 100K mortgage to borrow. We will have been away for 11 years. We kept our UK bank accounts going and we kept a Credit card that we use occasionally but pay off in full. No loans nor…
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Advice - Unable to remortgage due to credit card balances
Hi, if anyone can offer me any advice it would be very much appreciated. I'm a first time poster and only found this forum today, but we've just come back from the bank quite worried about what to do next. We went in to enquire about remortgaging, as we know from the market our property has increased significantly. The…
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Advice - Paying off credit card and saving for a deposit?
Hi, Hope this is the right place to post my query. As per the title, I need some advice. My partner and I are saving to buy our own house. We both have Help to Buy ISAs and plan to save for the next 18 months or so. Rough guess, we said February 2021 to aim for. My issue: I currently owe £1800 on an MBNA credit card. 0%…
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Reserving help to buy
Hi Just looking for some advice/a rant really. Had an absolute nightmare with reserving a help to buy advertised property! Sorry t We reserved the property on 25th June and paid, initially £1,000 reservation fee. Our mortgage adviser submitted our mortgage and help to buy application on the 28th June. Mortgage application…
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Trying to add partner to mortgage - odd reply!
Doing this will allow my (married) partner to manage it of I should pop off and may add CGT relief and simplify remortages! Its a btl in my name only currently so we are adding my partner to the lease and land reg and mortgage. Filled out the mortgage equity form but they have come back with this (below) via my conveynacer…
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Releasing unneeded cash - is this fraud?
We were in the process of remortgaging our BTL property, releasing some cash and using it to buy one more. However, we have pulled out of the purchase due to the current environment and (unless something that is obviously great value comes up) expect to buy only sometime in the next 18 months or so. So, when we informed…
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Is it even worth applying?
I have a mortgage broker who says everything will be fine... However I'm starting to doubt it myself. Affordability is pushed to the limit, I'm going on ML in less than 3 months, and we have some debts (that will be paid off before completion). I also have a late payment on my CC but not my fault so HSBC will rectify and…
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Which mortgage should I choose?
Please can you guys advise what would you do? Me and my partner are FTB, had our offer accepted, solicitors nearly finished their work, vendor and chain above is waiting for us and now we are looking for a mortgage. We need £240k to borrow, my girlfriend works on zero hour contract and that's why we ended only with 2…
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Borrowing Extra on a Mortgage for Renovating
Hi all, My partner and I have a question regarding borrowing extra cash in a mortgage to aid in renovating a house that we're in interested in (it is regarded as habitable). It has been suggested to us that we can obtain a mortgage in principle for the value the house is on the market for and if the vendors accept a lower…
