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Mortgage from HSBC declined
Hi all, just after some advice. My husband and I are part exchanging our house with a new build, due to be finished in May/June this year. We've gone through the valuation and have a deal with the developer. We had a decision in principle with HSBC (my husband has a mortgage with them currently, I'm a first time buyer).…
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Mortgage porting query
I am thinking of buying a new residential house. Current mortgage is still on fixed term. Might be simple questions, but don't know how it works so would appreciate your expert views. - I believe the ported mortgage + new borrowing runs only until the fixed term of original mortgage (correct me if wrong)- When you port the…
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Mortgage, Part Exchange and New Build
Hi, so really confused, we are looking at a new build for £275,000, Our house is currently worth £220,000 with a mortgage of £145,000, we want to use £55,000 of our Equity on our deposit and get a Mortgage for £220,000, which our mortgage broker says we will get easily. What I'm confused about is if I part ex do they just…
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Paying off help to buy after 2 years in new home
I will have lived in my new home for 2 years in October (this year) so was thinking of options on whether to do this or wait out the 5 years. The plan is to re-mortgage the premises to cover the 20% (or possible the 10% at the moment) owed, am I correct to assume all I need is to get a conveyancer (was going to use my…
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Money been in account for over a year (gift deposit)
I received £20,000 from my grandmother a few years back and has been sitting in my bank account for well over a year. Do I still need a letter from her to state that this was a gift deposit?
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Coronavirus impact on ability to pay mortgage?
I am looking at a worst case scenario here, hopefully it wouldn't come to this. Would mortgage companies put special measures in place to help people? I run a small business which potentially could be severely impacted. Whilst I had 2 years worth of basic living expenses in savings this is in stocks and shares and has…
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Halifax mortgage hard search
Hi I’ve had a halifax mortgage hard credit search show up on my credit file today despite us not submitting full app yet, we reciebed aip last week and soft searches were done. Does this seem normal that a hard search has been done and will anymore be carried out?
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Barclays Buy to Let Mortgage for first time buyers
Hi I have a just made an application in a Barclays branch for a buy to let mortgage as a first time buyer, i am doing a 70% LTV and after all the paper work, agreed rates the adviser run a credit search and said i was accepted for the mortgage subject to valuation. She will now have to send all my documents to the…
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Mortgage with CCJ
I am currently in the process of trying to set aside a CCJ issued to me but it was fraudulent, the problem I am having is I am trying to buy a second property, the ccj has been issued in less than 6 months, I am struggling to find a lender that will touch me with the ccj being so new and without removal (which is taking…
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loan or mortgage for home improvements
i live in a house owned by my mum, we want to put a extension on the rear, there is no mortgage on the property how do we find out what would be best a mortgage or loan, ideally wanting to pay it back over 10 years at looking to borrow around £50,000
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First time buyers, 1 income, 2 applicants, large deposit being asked for
Hi, My Fiancée and I are first time buyers looking to get a mortgage on our first home with only my salary as she is still studying at university. The deposit amount we are being asked for is 55% of the value of the property if we apply in joint names. This seems excessively high even on only one income, has anyone ever…
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Exchange Tuesday and Completion friday - Possible ?
So we have been in a very slow property chain of 6 houses for last 5 months and after dealing with massive delays finally my buyers are waiting for their amended mortgage offer ( yes he got his name wrong on mortgage offer which was issued back in Oct 2019 and only spotted at time of exchange about 2 weeks back.. :'( ) ..…
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Need some clarification on taking out a mortgage. First time buyer.
My partner and I are hoping to buy our first home together this year and we have seen some properties which we like. The only issue is, we don't live together, we both live at home with our respective families. I will be moving up from where I live to where he lives (about 100 miles away). The main issue we have is…
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Applying for mortgage not on electoral roll
Hi all, I'm hoping someone can help. I have 2 AIP's, one with Barclays and one with Halifax. Now I have found a house and an offer has been accepted I'm going with a broker instead. My issue is I've found out I'm not on the electoral roll. I gave my new address to the local council when I moved but my auntie has obviously…
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Home improvement and debt consolidation
I have a current mortgage with Santander, split across twoloan products. One on fixed rate til August and the other til December. I have aporox 200k worth of equity. I need to release 80k for home improvement and a further 70k for debt consolidation. How do I go about this? Santander website says it doesn't offer…
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1 Property - 2 Mortgages - 2 Lenders?
Would really like some info on this, please. Had a good search online but can't find anything that closes it for me. I recently moved, and stayed with Nationwide BS with a 2nd mortgage top up for the additional cost of the new house. Therefore two mortgages on 1 property, through 1 lender. One of the mortgage deals ends…
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Remortgage - bad credit
Hello, Litle bit of background - Mortgage currently 89,000 house worth £162,000 - I have never once defaulted/missed a payment on my mortgage held since 2016 or before Salary 36,500 I have a bank loan £10500 which is the only debt I have - I've recently struggled with my mental health which is no excuse to bury my head in…
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Help to Buy - Can the developer give me a discount on the purchase price?
Evening all, I am after some advice. I am a first time buyer using the help to buy scheme. I already had an Agreement in Principle with Halifax for £133,295 (based on a previous property - 3 bed semi - I was looking at priced at £184,950) a deposit of £14,665 and an Equity Loan of £36,900 (I save enough each month to pay…
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1st time buyer, 100k deposit, 20k debt. Will we get a mortgage?
My husband and I are looking to buy our first home, we have 100k as a deposit. This was inherited when my father in law died. My husband has no debt. I have just under 20k in debt ( 12k loan, 7k credit card) I have never missed a payment on either and pay more than the minimum payment on my cc each month. We have always…
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How much interest saved monthly when overpaying?
Hello I am thinking of overpaying my mortgage by £10k. My question is, how much will that save me in interest if I redeem the mortgage in 2 months time? Interest rate is 1.99. I am trying to work out if its worth paying 10k off now or just keep it in savings for liquidity- I am thinking of moving house very soon. Assume…
