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Halifax mortgage listed building
Hi All, First time buyer here so please be gentle. I’m based in Scotland and had an offer accepted on a flat which is within a Grade A listed building (English equivalent is Grade 1) I applied via Halifax directly and received a mortgage promise/AIP and then completed the full application and have subsequently received my…
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exchange process and mortgage
So is my solicitor having me on or am I missing something? Were trying to get exchange done with our solicitor who has been a serious nightmare from day 1. Completion dates agreed and put forward to mortgage provider last week... friday morning email from mortgage provider: " Completion date confirmed. Applicant Surname:…
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Equity Release - Refused
Recently applied for Equity Release through "Right" said Fred people using a Lifetime Mortgage. Their surveyor carried out a valuation of the property. In our view approx. £300k. But Fred said having tried several lenders which all refused, based on the amount of upvc cladding used. Fred was told that we would remove the…
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Paying Stamp Duty
Can stamp duty be paid with the monies from the sale of your house, within the process of then buying? We've saved £6000 to move house but would prefer the £4000-4500 stamp duty to be withdrawn from the equity we have on our current home. We estimate to have about 15K left over once we put a slightly lesser deposit down on…
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Mortgage Application amidst Maternity Leave
My wife and I are planning to sell in spring and relocate. It makes sense to move after the baby is born and while we do not need childcare. It also gives my wife time to look for a job closer to our new home if the commute is too much. Has anyone experienced problems getting a mortgage under these circumstances? We've had…
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Woodland mortgages /loans
Hi we have put in an offer of the fixed price of £37,000 for some woodland. We have £15,000 savings so need to borrow 23000 to make up the rest plus fees. So far the only mortgage I've found for buying woodland is with Ecology Building Society, rate of 6.5 %:( Anyone know of any other lenders who would lend to purchase a…
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Mortgage overpayments not reducing term!
I have 2 barclays mortgages (one is for additional borrowing for loft conversion we did a few years ago) secured against my property and I make regular monthly overpayments on each account. These overpayments are shown on my annual mortgage statement but the end dates of the mortgages never seems to be brought forward.…
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RICS surveyor recommendation North Wales
Hi, just wondering if if anyone could recommend a good surveyor / firm covering north wales, Rhyl / Prestatyn area. Buying a relatively new property under 15 years old so assuming a homebuyers report will be ok rather than paying for a full survey? Any advice much appreciated Many thanks
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Conveyancing cost sanity check
Hi, Apologies if this is too basic a question, but I'm buying a first home and the process is quite daunting. I've made an offer and it's been accepted, using Purple Bricks. The seller is using the Purple Bricks conveyancing service and I'm of a mind just to do the same, just to simplify things, for my benefit (ie I don't…
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Bank employee mortgages
I was recently reading that only a few banks offer their staff 'cheap' mortgages due to on going costs and tax implications and it got me wondering what it was they offered. Does anyone know what type of deals banks offer their staff?
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First Time Buyer - Equity Loan
Hi Guys Just a quick question - hopefully it makes sense! Looking at the Equity Loan. For example, looking at a £200k property, the government pays the 20%, meaning I be needing a mortgage of £150k if I pay a 5% deposit of £10k. When looking at mortgage comparison sites, should I be putting in that I am looking to borrow…
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Mortgage application with missed payments in the past?
Hello i am hoping to secure a mortgage for a property i have looked at, the price is £120,000 and i have a deposit for £30,000 so need a mortgage for the remaining £90,000. I got myself into debt years ago due to a gambling habit and had to take out loans and payday loans and had about 10 missed payments as the creditors…
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Will existing lender reprocess my property because of my Cifas marker?
nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing
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House Equity Calculation
Hi all, My 40-year old daughter's partner has recently left the family home after their relationship breakdown, and is now in a new relationship. They bought their house in 2008 for £118,000 with a Nationwide repayment mortgage for 60k (42k outstanding), and a 58k equity loan (interest-only) from Metropolitan Trent Valley.…
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Embrace Financial Services - advice fee
We are currently moving home have been consulting with a mortgage adviser from Embrace Financial Services. We had an initial discussion, which I know was a free service, weeks ago but did not commit then to any particular product. With the developer pressing us this week for evidence we are making progress we met the…
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Extending borrowing power for FTBs
I have an average salary. I spend zero. No gyms, iPhones or avocado toast for me. My mortgage potential across the lenders is £125k-130k. I have a hefty £80k deposit saved. Unfortunately only sheds are available in the area for that total sum, yet I know with my zero outgoings that I can afford, even with rate rises, a…
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borrowing money: time with bank vs type of account (after a trust deed)
I am trying to help someone. The person I am talking about has completed a trust deed over a year ago. They closed their bank account and opened a cash account with another bank. The bank provided a debit card, no overdraft. The person would like to borrow more on their mortgage to repay an equity loan provided by the…
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Remortgage process
I'm currently 3 years into a 10 year mortgage fixed at 2.89%. Due to the lower rates available and a change in our circumstances (kids!) I'm thinking of re-mortgaging. I've only looked briefly but I've seen a 5 year fix at ~1.6% with £1000 fees. My current mortgage is £103k, and the ERC would be ~£2400. So even adding the…
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Slow solicitors
Am going through a purchase right now, everything seems to take way too long with no other explanation than "its normal". 3 weeks to get draft contract from buyers solictor. 4 weeks to get searches (so im told by solicitor)when i know for a fact they take 5 days as i have a realtive who does them for local council. 10 days…
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Mortgage for sole trader starting on 3 year contract
Girlfriend has returned to UK after a year abroad and is starting a job where she will have a 3 year contract and has been advised to be a sole trader for tax purposes etc. She would be a first time buyer, I already have a mortgage on a house. We would like to buy a house together pretty soon. Do we have any position at…
