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Mortgages & endowments
Archives for October 2019
Discussion List
Completion date and possible delay
I just checked with my conveyancer and he said he did not get the closing completion statement from the developer’s solicitor and he cannot give my closing balance statement to pay. My completion date is on Friday and now I am stressing that my completion date will be delayed. I know everything else is in order. Authority…
What would an underwriter think
Hi everyone, My wife and I are trying to remortgage and the process has been put on hold due to an issue with one of our credit scores. So we both signed up to get our scores from the three credit agencies being used by the bank and my results are: Credit Karma - Fair (588/710) Equifax - Excellent (488/600) Experian -…
remortgage after divorce - stamp duty
Hi, I need some advice/info please. Do I need to pay stamp duty again if I remortgage and change the title deed? I don't really understand how it works. I've about £70K left on the mortgage, ex agreed he'll get £26K as divorce finance agreement and transfer the ownership to me. House value was about £140K when we bought…
Buy to let?
Hi there. I'm just looking for confirmation that I've understood my situation correctly please. I'm looking to buy a property which includes and main house and 2 cottages which are used as holiday lets. Am I correct in thinking that I therefore have to get a commercial mortgage of some kind as part of the property will be…
Mortgage on benefits
Hello I am unable to work for health reasons this have to rely on various benefits to live. I would love to be able to purchase a home for my four children and I. Are there any specific mortgage providers who are more likely to approve my application? I have checked my credit report and it says excellent.
What happens to the payments we made between remortgage application and remortgage completion?
Hi, So my wife and I recently bought a new house and we remortgaged our old home with a buy to let mortgage. On application and through the solicitor the loan for the new buy to let mortgage was set at the cost at the time we started the process. Since then, we have paid the original mortgage three times, obviously…
Reduce term after using up overpayment allowance
Hello. Do lenders (example: Nationwide BS) offer option of reducing term on mortgage after borrower has used up all the overpayment allowance (usually 10%)? Is this usually a paid service? Is this advisable from financial planning point of view? Reducing term will allow borrower to become mortgage free earlier and will…
Mortgage expert needed.
Ours is a complicated mortgage hunt and I am fed up with filling in forms, online and paper only to be told "we don't deal with of mortgage, try someone else"!!!!! Why can't they tell me before requesting all the info? So DD and the two us live in our mortgage free house. We want to move with DD to a new location and let…
Can we give back a house in negative equity?
We have the property we are living in and a rental property. Both with interest only mortgages. We are unable to pay back the mortgage before the end of the term on the rental property. We are not in arrears with the mortgage and want to give the house back to the mortgage company, however we believe it will be in negative…
Nationwide accuses us of Letting our Property
Hi all, Last week my wife and me received a letter from our mortgage provider Nationwide which accused us of letting our property and threatened to increase our interest rate by 1% if we did not prove we were not letting within the month. The letter provided no evidence of why they thought we were letting the house, we've…
Is it common for a lender to pull a mortgage after exchange?!
I'm literally driving myself insane stressing over something going wrong with our house purchase! I'm a natural worrier and have been googling all sorts and it appears common that lenders pull offers after exchange?? We have a formal offer and have done since the beginning of August. Nothing has changed and no new…
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