-
New Mortgage Santander Process via MB
Hi all Hopefully someone can help me out and give me some advice. I currently live in Scotland and in the process of trying to get a mortgage . In the past I have financial issues but most of this has now cleared mf my mortgage. My Experian account is now clear or any defaults or issues that I can see. My MB recommended…
-
FTB Mortgage with Stipend
Hi all, I applied for a mortgage with Natwest. I am second year PhD student (24yrs). I just thought to share my experience with other students that might be thinking of applying. I am not going to lie, it is quite challenging and my application has taken quite a long time as well. Dear partner is employed full time.…
-
Switch Mortgage to a new deal
My fixed term is coming to an end and trying to switch to a new deal with the same bank, I don't want to re mortgage now. My current rate is 5.89% £ 120,608.43 as at 20 Nov 2019 This amount is not a final settlement figure £931.06 Current monthly payment. When I try to get a quote online it shows as 2 offers available An…
-
Am I still a first time buyer after a property donation?
Hi, I am looking to buy my first property in England. I understand there are a number of advantages as a first time buyer (stamp duty, Lifetime ISA etc.). However, a family member has donated (not inherited, not sold) to me a property outside the country (Eastern Europe). I’m concerned that I may not be classified as a…
-
Interest only mortgages
Morning I have seen a few adverts for reclaiming any overpayments on interest only mortgages recently (interest miscalculation) – can you tell me if this is a scam or is it worth pursuing as we have had three mortgages on an interest only basis.
-
New home mortgage, wife on mat leave, worried
Hi All, So, I currently own a home which has a buyer, we found a house we both wish to buy yesterday. I have an AIP offering the amount we require, with Barlcays, who my current mortgage is with. (I am the sole owner, new property will be us both) I filled it all out but when I list our commission separately, we do not get…
-
FTB with previous bad credit- advice!
Hi, hope someone can help. I'm planning on buying a house in the near future and have been working hard to get my credit rating to a good point after years of defaults, payday loans and missed payments. All these are well over 6 years old now and have dropped off my credit file, but do I still need to declare this when…
-
Charge on property
Hi First time posting on this forum. Hopefully will get some good advice. Basically am in the middle of remortgaging my late parents property. There’s a few charges on the property but there is one that I have had no luck in getting in contact with. This charge is with open + direct finance Ltd which is now out of…
-
Mortgage in principle referred to underwriters
Hey all. Applied tor a mortgage with Coventry Building Society through a broker and we haven't had our mortgage in principle yet but have just been advised our application has been referred to the underwriters as the mortgage amount is above 500k on a 85 LTV. Really worried now as I haven't heard of this before. We are…
-
Mortgage bank statements
I am currently looking to change from my high street bank to a more versatile online current account like Revolut or Starling. I wondered if the paperless statements will bite me in the backside when it comes to applying for a mortgage later down the line? Is this an issue or can it be solved fairly easily? Thanks,
-
Ditch the Fix calculation help
outstanding loan = 85k (example) interest rate = 1.94% LTV = 57% fixed period = 1yr 6mo remaining ERC = 2% total mortgage term = 14.5 years assuming total remortgage fees to be £100, what should be new interest rate that justify ditching the fix? for example, is 1.64% on a 2 yr fix a good deal? I know there is a calculator…
-
Remortgage approved. What now
Good afternoon everyone. I recently came to the end of my fixed rate with Halifax. The deals they were offering were pretty poor, so I decided to apply to switch to a 5 year fixed with HSBC. Now normally I'd have preferred to do this at a branch. But after one cancelled appointment and a 9 day wait to make another. I have…
-
Mortgage soon up for re-negotiation.
Hello. My 5 year fixed deal is up in February. Particulars- 12k owed 7.5 years to go current rate 2.8% Can overpay 10% Haven't though as money has been tight. On the face of it a strong position but I'd like to squeeze them a bit more-Principality. From those in the know about these things I'd like to go in well prepared.…
-
Remortgaging: to fee or not to fee? That is the question!
Hi all, hope some nice money-saver out there can help. So I have tried to work it out on the calculator and have read the MSE blogs. Still not sure! Have a good First Direct offset mortgage we want to hold onto as it allows bigger redraws on the pre agreed sums for another 15 years. It drops from its current fixed rate of…
-
Need to remortgage- just lost job
Hi Can anyone please advise? I need to remortgage as the term has come to an end. The mortgage company I am with has been since taken over and do not do remortgages. They have been very kind the last few months by giving extension. However unexpectedly I lost my job a few days ago. Obviously I’m in a very bad situation.…
-
joint borrower sole proprietor Help....
My mother in Law got married around 5 years ago, at the time she had a mortgage on a property and her now husband moved in with her. She has always kept the mortgage / property solely in her name. Earlier this year she was diagnosed with cancer (Aged 62) , fortunately she made it though the treatment and is now free of…
-
Shared ownership & owning a property abroad
Hi there I have a question regarding buying a shared ownership property. I have flat abroad do I still qualify for the scheme. I have read online that it is still possible. Is that true? Thanks for ur help.
-
First time buyer mortgage advice
Hi all, Me and my girlfriend are looking to move in together next year and purchase our first home. We went to a mortgage advisor at the weekend to see how much we could borrow and get an decision in principle for the house we want. Now the problem we have is that my partner had a poor credit rating due to a defaulted…
-
Can you apply for 2 mortgages at the same time?
Sorry, long story! I applied for a mortgage with Santander a while back, and we were told to expect an offer by the 1st November. It's now the 18th November and for the last week and a half they've been contacting us every other day (once we chase them) saying they have the offer ready but just need 1 more bit of…
-
Survey Instructed!
If we’ve had our survey instructed by our Bank does this mean we’ve passed all the check to get a mortgage and the only thing that would stop us getting it now would be the survey result? Coming from a poor credit background due to a repossession in 2013 we are a bit scared something will come up when everything seem to be…
