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Changing property - changing my mortgage
Hello, I would be grateful for some advice please. Approx. five months ago I had an offer accepted on a property so went about the usual steps, secured a mortgage offer (have the deed ready to go), completed the searches etc. However, I discover the seller hasn’t taken any steps and has only just instructed a conveyancer…
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Remortgage to fund extension & Improvements
Bit of back story. Im 36, wife is 45. We have a 4 bed semi (loft conversion) in the Midlands. We bought our house in 2008 for £143k with a 35 year mortgage. We have 3 children 15,10,8 Together, we earn roughly £65k pa before tax etc.Take home between us is around £3700pm (depending on overtime) Current mortgage payment is…
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2 rcis surveys differ
Hi We are redeeming our help to buy. We have used a highly regarded surveyor for the target application they have valued our property with 3 similar properties and valued it the same as we bought it with evidence. We have submitted this to target to pay back Weve then gone to the bank to get the remortgage and their…
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URGENT - Mortgage Application - Baby sitting money considered money laundering?
Hi My partner and I are currently in the process of buying our first home and we are submitting our bank statements to the Solictor this weekend. The solcitor advised they check for anything that appears to be money laundering etc. We both work full time and have correctly declared our income for our employment. However,…
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Your Mortgage application - Offered
We obtained an AIP from Santander last month and put in a full application yesterday at 4pm via MB, 25 hours later we have received an email and text from Santander stating: "Dear Rocket 92, We're pleased to confirm we've issued your mortgage offer. Please make sure you read it carefully and contact your mortgage broker if…
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Mortgage declined - help
Hi all We've had an offer accepted on a lovely houses which we are buying with a 5% deposit. The mortgage application has been declined because of something on our credit report... A credit card which the report says wasn't paid five years ago. We have a good income and can afford the mortgage and our credit rating is…
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can mortgage be "reviewed"/"revalued" during fixed period
Hi I am planning for an extension (+ sq m) to my house in next 1-2 years, which would certainly increase the value. if I happen to be on FIXED period mortgage whilst the extension is completed, would I be able to request the existing lender to revalue the house, within the fixed term (and effectively lower the monthly…
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YBS not offering retention mortgage deals to N&P customers?!
Evening all! I would value anyone's advice / opinion on / experience of the following situation, especially if you are/have been an N&P mortgage customer in the past! We have an offset mortgage which was taken out with Norwich & Peterborough Building Society (N&P) approx 7 years ago (for those of you that don't know, N&P…
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Nationwide Mortgage Completion
Hi everyone, Really quick query. My conveyancer requested a redemption statement on the 22nd November for completion on the 2nd December. My direct debit is set at the 1st of the month which was a Sunday so this was taken on the 2nd December the Monday. This was the same day as completion. Will I receive a refund for the…
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Mortgage loans and tier2 working visa
Hi Guyz, any advice will be highly appreciated. Current life status: - Working and living in the uk for past 5years - Currently on a working visa(tier 2) - Earning more than 50k+ - 3years more to ILR I wish to get on the property ladder(first buyer). 1. As i do not have a leave to remain in the UK "yet", how does this…
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remortgage with defualts
Good afternoon, I am coming upto my first remortgage after buying our 1st new home. we currently use aldermore as I had defaults. I am just wondering if anybody knows or has experience in if we would be accepted by a more mainstream dealer on a remortgage with the following circumstances.... loan to value will be 90% wifes…
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Advice on remortgaging with new fixed deal
Hi all, Can anyone please share the calculations you use when looking to remortgage to ensure your getting the best deal. (My mortgage is 50% LTV £60,000 over 10 years remaining) I've just been looking at what my provider will offer me at the end of my fixed term and it is the following: 2 years fixed at 1.29% then SVR…
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Fix ending, low income, help? Coventry BS
My mortgage is currently with Coventry (£96k mortgage on a property worth £130k). My 5 year fix is coming to an end in a years time and i'm freaking out about planning for it because if i'm forced onto SVR it'll massively increase my mortgage. Currently paying £419 a month. My question is: Does anyone know what would be…
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"Separated" ex-homeowning father - best way to describe myself?
I'm having a real issue getting mortgage quotes so would appreciate a little guidance on the best way to present myself so that the online/phone based agreements in principle will actually give me a decent value. There seems to be a variance from slightly above the amount I need, to values that barely match a single…
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Self employed mortgage
I am having terrible difficulty finding a new mortgage (home mover) because I became a director and 49% shareholder in January 2018. I only have 1 years company accounts in my name and my 2018/2019 self assessment hasn’t been submitted yet but I do take a PAYE salary as well as dividends so I don’t understand why I’m being…
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Mortgage Madness
I have no idea who to speak with: In 2002 my wife an I applied for a mortgage. A popular mortgage lender provided us with an endowment mortgage, which we would pay back over 25 years. In 2006 I was offered a job as a Holiday Park Manager, which meant that we would have to live in a house on the holiday park. We visited our…
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Job change before Exchange/completion
Hi All, I am in a bit of a tricky situation and was wondering if anyone of you have had any similar experience and what the outcome was. My spouse and I made a joint application for a mortgage after a while of applying she changed her job because she couldn't stand it anymore. The new job however pays £6k less annually…
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Making a large one-off payment (partial redemption)
Hello all, I am looking to make a £150K payment to partially redeem my current mortgage with NatWest. Just rolled on to SVR a couple of days ago, so no ERCs. My question is possibly a bit stupid - but I just wanted to ask about the "normal" way this kind of payment is done. It seems like the recommended way is to use the…
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Nat West Mortgage Tracker
We have been approved for re mortgage on 20/11/2019. The tracker shows We're waiting for your client's solicitor to provide a certificate of title. This document confirms the expected completion date and requested date for release of mortgage funds. We will contact you once we receive the document How long does this…
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Buy to let mortgage
Hi I have got few questions in regards to buy to let mortgage if I may please. Do lender take just the estimated rental income to decide on the mortgage amount? Do lender also check the annual income of the applicant? The reason I ask this is as long as there is a capital, will the applicant qualify to get mortgage and…
