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Santander backlog - so slow!!!
Hello! We applied to Santander on 11th September, our case is sitting waiting to be assessed before offer. Basically the underwriting team have done their bit, it’s waiting on the senior underwriter to assess before they send any offer ( fingers crossed) , but they’ve done nothing with it since last Thursday! They have…
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Santander backlog - so slow!!!
Hello! We applied to Santander on 11th September, our case is sitting waiting to be assessed before offer. Basically the underwriting team have done their bit, it’s waiting on the senior underwriter to assess before they send any offer ( fingers crossed) , but they’ve done nothing with it since last Thursday! They have…
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Mortgage conditions
My ex is in the house- big house , big rooms and is now letting out rooms on Airbnb - some nightly ; some longer. Our Santander mortgage conditions don’t allow this. It’s a joint mortgage and sh e is paying it while living in the house. She pays tax on her bnb earnings - it’s her only job-but now wants me to stump up for…
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swapping to zero% cc before mortgage application
Hi. Hoping for some advice please. I will be making a mortgage application in around January/February. I currently have an aqua cc which will be paid off by then, but which has a shocking interest rate. I have the chance to get a zero %Halifax cc to transfer the balance. Normally I wouldn't hesitate, however I have read…
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Turns out getting a mortgage isn't as terrifying as I thought...
So myself and partner are first time buyers. We've been renting for ages and had decided to buy, but the market by us is very hit or miss. We've come close to making an offer once or twice but decided since my partner is 7 months pregnant we'd essentially give up on buying until next year. That's to say we stopped putting…
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Aborted sale - conveyancing fees
Hi all, wondering if anyone can help - anyone know what a ‘lender fee’ is for conveyancing? Got the aborted sale final bill through which consists of Searches £183.90 Anti money laundering check £14.40 E-conveyancing £36.00 Our fees £180.00 Lender fee £120.00 No explanation on any paperwork so just curious. Thanks.
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Nationwide Save to Buy mortgages
Just got a letter from Nationwide reminding me that as the Help to Buy ISA will be closed to new applicants from the 30 November 2019 and more interestingly their Save to Buy Mortgages will only be available until March 2020 :eek:. So what will happen after March 2020? They didn't say what they will be replacing it with,…
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Break up sorting mortgage
After a little advice myself and my partner bought a house over a year ago and are now splitting up. I am hoping to be able to keep the house and pay him back his portion of the deposit and any money he put into buying stuff for the house. He is now saying he is entitled to half of all mortgae payments we made back as…
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Mortgage with PayPal credit
Hey guys Currently going for a new mortgage on a property in purchasing. I’ve got an Experian free credit account with a score of 960 but unable to download a credit file without paying. Thought I’d get it Equifax as they was offering a 30 day free trial so went ahead and signed up but on there it says from June my PayPal…
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Halifax Underwriter or Online Aprovel
Very first Post I am going tomorrow 4oct to Halifax I am a FTB joint application with my Mrs. £124k house , £14K savings (Deposit) total income for both £30k I have a question about Halifax approval system, do they have online Logarithm system to approve mortgage or they always use human underwriters. I heard if you are (A…
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Remortage terms
So its nearly time to remortgage, if we are happy with the current lender and want another 2 yr fix, lets say, with the same lender is this just classed as a rate switch? Is it the same thing or a remortage if we then want to reduce the term with the same lender?
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Shared Ownership Mortgage Calculations
Hi everyone, (Hopefully) quick query regarding mortgages for purchasing a shared ownership property. As an example - bank will generally lend 4.5x your annual salary. Do the bank then make deductions from this amount, according to the rent and service charge? Say the bank would lend £100k (round example) If the rent and…
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Renting somewhere new while looking to buy bad for mortgage offer?
Moving post here as originally posted in wrong category: https://forums.moneysavingexpert.com/discussion/6054851/renting-somewhere-new-while-looking-to-buy-bad-for-mortgage-offer Hi all Will renting a new property during our house hunt hurt our existing mortgage offers? We're currently renting and have been house hunting…
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Mortgage split with ex partner
My ex partner and I bought a house together over six years ago. Both our names on are on the mortgage and on the property deeds with the Land Registry. When we bought the property my partner put a 25% deposit down, so to reflect this we both signed an agreement which stated the property is split 80/20 in her favour. During…
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Remortgaging question
Hi All. It's my first time remortgaging. My fixed rate mortgage with Yorkshire Bank ends on 31/01/20 which is a Friday. Am I right in saying that my remortgage needs to start on Saturday 1st February and not on the next working day i.e. Monday 3rd February? Also, when I ring up Yorkshire Bank and ask for the amount I need…
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Mortgage application with past default.
Hi all mainly just looking for reassurance, mortgage full application was put in tuesday 1st, DIP was recieved last week, we are using a broker because of low credit score and a default from 2015, so im assuming he will have picked a lender suitable for this, the mortgage is in my husbands name knly as i dont work, has…
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Change in credit card use and credit checks.
We are currently buying a flat, and will hopefully be exchanging early November. Our mortgage is with nationwide. We us a credit card to buy fuel and food each month, and then clear it in full. When we applied, we were using a card in my husbands name. However, since the offer, we have swapped to using one in my name, as…
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Kensington Mortgage maximum LTV for DMP??
Hi I am due to have my home valued after receiving a DIP from Kensington, but house prices in my area seem to have dropped and I am not confident that the property will now be valued at what I first thought. I know most mortgages from people in a DMP only offer 75% LTV but after looking at the Kensington criteria it seems…
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Mortgage insurance cover
Hi I have been considering taking out some cover to protect me in case of unemployment to cover mortgage plus bills (approx 1.4k pm). Is this worth getting and would it cover me if I voluntarily left my job? Also what would the premiums be each month? I am 33 and in a stable job (6yrs same employer) Thanks
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Suppose an Equity Release company goes bust?
As I'm considering ER, I googled around a bit and found some concerns that the "no negative equity" guarantee that companies offer customers might not be sustainable. So, if interest rates the companies have to pay were to rise and property prices stagnate/fall then older customers could end up in negative equity. This…
