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Bank Survey contradicts independent survey - conditional mortgage offer
Hi all, Hoping someone can help. We are looking to buy our forever home and decided to have a homebuyers survey carried out by an independent 3rd party. The survey came back and stated that woodworm had been present at some point and that further investigation/treatment should be completed. In terms of movement the…
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Moving in with parents in between houses
Good Evening, Myself and my partner have been considering moving house for a while into a larger property. Due to a recent bereavement we are now considering selling sooner, banking the equity as a future deposit and moving in with my parent for 6-12 months continuing our saving and looking after my mum, paying her rent in…
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Electoral Roll - mortgage application
i think we have a fairly straightforward application. I have a broker (who i will pay £500 on completion) but wanted some advice as filled in the Halifax MIP and said I had to call them. We have 1 CC with a balance of £4800 which will be cleared before completion. One DFS loan for £650 that will also be cleared. CS paid of…
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Gifted deposit & Buy to let - help
Hi, my parents are just about pension age and would love to move house but are a bit stuck as their house is only worth around £65k. I’ve been thinking how I can help them out. Thoughts are, they sell their house and gift me the deposit of £65k, then I get a family buy to let with a mortgage for whatever I need and charge…
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Downsizing but with poor credit.
As a renter I don't know much about mortgages but would like to point a friend in the right direction. She has recently split with long-term partner, 1 child. He is not on the house deeds/mortgage etc as she already owned it before he came on the scene, so he has been paying her rent. She no longer needs such a big house…
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Remortgaging house with annexe I want to rent out
Hi all, I own a house with a two room outbuilding that we have done up as a granny flat. The outbuilding is detached from the main house but lies within a couple of metres. We live in rural Scotland, and we would not be making significant money from letting out the outbuilding to tourists, but it could be a useful little…
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Cant get Mortgage due to dependants
Hi, This is the 1st time i have posted on here but i need advice for my daughter. My Daughter is married and owned her own home for the past 4 years. When they bought the house they had 1 dependant. This year she gave birth to twins and the house is now not big enough. She has seen various mortgage advisors and been…
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End of fixed - Halifax
Hello, We currently have £130k on one account with fix ending in November 2019. The rate is 1.54%. We have a subaccount with £30k ending in May 20 at 1.94%. Both with the Halifax. Am I correct in thinking we can move the £130k to another bank so we have mortgages with different banks? I’ve had a look at 5 year fixed deals…
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Nationwide first remortgage
First time remortgage Remortgaging out htb equity as well which makes me more nervous. Broker submitted dip and full application yesterday got a text from nationwide say solicitor being allocated and another one saying if we are switching deals iyour switch has been agreed (we are not) This is a real stupid question but…
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Turned down because of commuting distance
What are our options. We work in London and want to buy in Birmingham where family and friends are and eventually transition. We found a new build and have reserved and our broker didn't think it would be a problem but the lender have turned us down because they say the commute is unsustainable. What are our options? Is…
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HSBC and Credit Cards
I’ve been refused a mortgage by HSBC because of how I use my credit card... However it’s their own credit card on 0%! Is there any way around it? I only called them because my mortgage broker thought it was a good idea and he doesn't work with them. All other mortgage brokers have no issue with it, just that I have to…
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Halifax valuer and underwriter gm86 form
Anyone know about a Halifax gm86 form? Halifax have come back at the 11th hour to say as the property we intend to buy is only backed by an indemnity architect / professional consultant it now has to go to the valuation and undeewrighter for a final decision. If they agreed a form gm86 will be sent to the architect before…
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Part of Proof of funds for mortgage deposit from bank loan
Hi all, I have been approved for a mortgage from a good lender where part of my deposit is from a bank loan, but I have a really good salary and credit score etc and can afford the repayments so it's all been approved their end. My question is my solicitor is asking for proof of funds (I am a first time buyer). I am…
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Valuation for mortgage coming in at £1 And requiring works done
We found a property we really like for the right price as it needs work which is ideal however getting a mortgage has proved very problematic as there is evidence of damp in the timbers and the external cladding. Needs to be put right. Its a chalet so quite hard to come by, we got a damp report quoting about 7k to fix this…
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Advice on what to do before applying
Hi all. I’m 25 about to buy my first home. Little bit of background. I earn £2700pm after tax and not much outgoings, maybe £600pm most of which is CC debt. So my Issue is I have £30,000 deposit, but also have £16,000 CC debt which I pay back at £400pm. I’ve saw a property for £210,000 and I’ve used the online calculators…
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financial associates mortgage
Hi, We are waiting on our mortgage being approved and had valuation today will hopefully find out next week. I had a search on my Equifax report from Nationwide yesterday and after checking financial associates, my boyfriends name has been added. Is this a good sign that were now connected on an approved mortgage or am I…
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Buying house from parent
Hi, I am hoping for some advice regarding buying my Mum’s house. She can no longer afford to live there, it has a small annexe attached where my grandmother lived until she died recently. Our plan is that my husband and I sell our house and buy hers and move there with our children and she live in the annexe. We have come…
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Mortgage amount question
hi just a quick question we have a mortgage in principle for upto 232,000 we also have a deposit of 40,000 does that mean we can buy a house that is 270,000? think the LTV works out to around 85% or can we only buy a house that it valued upto 230k? thanks
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Remortgage time but house value has dropped, according to zoopla
I bought a house in London on 85% LTV on October 2017, while the prices had peaked. Now the 2 years fixed term is coming to an end, so getting ready to remortgage. According to the zoopla estimate (which understand may not be very reliable), the house value has dropped an amazing 7.3% compared to when I bought it :( How to…
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Complaint to mortgage advisor
Hi guys total newbie here wanting some advise :) I'm thinking of complaining to our mortgage advisor (independent) after he dragged his heels with help to buy application and our completion date was moved to weeks hence we ended up 'homeless' and had to hire storage for our furniture etc. We are now happily moved into our…
