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TSB mortgage and coronavirus
Hi, so we have a mortgage offer for a new build property. We have paid the money for the deposit to our solicitor etc and are due to exchange contracts. Weve followed the gov guidelines and being a new build is a vacant property so we feel so issues on that side. We have 2 conditions to pay a loan and a credit card off…
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Tips and guidance sought
So I’ve found a company who have come back with quotes for me. What should I expect next? I’m looking at a remortgage (I’m buying a half share of the property I own since mum died), I’m on benefits but I’m self employed too. What wuestions should I be asking? We are doing a fact find then it goes to an underwriter. Can…
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First time buyer (guarantor)
Hi Just looking for anyone with any info with regards to the following. Currently looking to buy first home. Have deposit of around 40k saved however I am only on around 30k a year so gathering that would put me in the range of 160k for a property. Living in London is expensive as we all know so will struggle to get a…
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Shared Ownership new build flat
Hi, I’m looking to buy a new build property (flat) through shared ownership, but now I’m finding out that banks want 25% deposit for new build flats? Is there any bank that accept 10-15%? That’s the maximum I can actually afford to put down. The share I’m buying is 30% for £144,750.
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Remortgaging
What happens if your mortgage is up for review in June,regarding the 3 month holiday break on mortgages,as it falls into that time.
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Please help!
Hi, Our current mortgage is with Halifax but we need to remortgage before 30th May. The rate Halifax are offering us is ridiculously high! We have been self isolated now for 2 weeks (our 6 year old is at high risk due to having pneamonia twice this year), this is obviously affecting us financially. Both companies that we…
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Late mother paid off her mortgage - had no confirmation
I lost my mum a couple of months ago and am in the process of dealing with her estate. About a month before she passed away she made arrangements with Halifax and paid off the mortgage she had with them. They gave her a figure to settle the account and it was paid in full. She did not receive any paperwork or confirmation…
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Mortgage application and Furlough payment
Just curious as we are at the point of going for the Agreement in principle or was planning to in May, My partner has now been put onto the furlough payment scheme but will still have his job to go back to after all of this is over and done with. (whenever that may be). Will the mortgage lenders look to go from the last 3…
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Re-mortgage? What would you do?
Hi there, I currently currently have 2 loans (around £7k to be paid off between both) and I owe £6.5k pcp in June. I also have £10k tuition fees to pay in August. I was going to take a £10k loan and sell the car to pay most of the fees but I’m worried I won’t get a loan or sell my car in time with this virus. I have a flat…
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HSBC Mortgage offer delayed due to lockdown...is AVM possible?
I am in the process of buying a house with a HSBC mortgage, and after having the offer accepted just before the lockdown, we are now unable to get the Homebuyer's survey done. I understand this will take some time. However I have been told by the surveyors (SDL) that they can provide a desktop valuation (AVM) in order for…
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Limited Company Mortgage with Non-UK Resident Shareholder
Hi all! We have a Limited Company SPV for Buy-to-Let properties. We have two Directors (both UK citizens and UK residents) who are also the only two PSCs. However, we have a third person who is a shareholder, but not a Director or PSC. I was wondering, when applying for a mortgage, will this cause any complications for…
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Mortgage advice
Hi, we are currently looking at a new fixed rate offer from our current lender...2yr 1.49% or 5 yr 1.89% I am also looking at borrowing an extra 15k for home improvements although I could get this on a 5 yr loan at 2.8% A) What is the recommendation ? Do we think the rates will go up after Covid-19 ? B) Is it best to…
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Consent to let on house that wont sell
Hi, Been trying to sell my house for 2 years now and there's limited interest and lots of houses on the market. I had to relocate due to work and have purchased a house 4 hours away. I'm at the point now where i could do with not paying the additional mortgage payment without any support (e.g. tenants). I'm considering…
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buying from partners Ex.
Hi there. Currently myself and partner live in a 4 bedrooms house, which has no mortgage other than a deed store attached, however it is in my partner and her ex's name. we've been battling through form E for over a year now. and eventually settled on a figure to buy him out of 75000. My partner is a part time optometrist.…
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Advice on Interest Rates rises
Good morning, I am hoping there is someone out there who can advise. This morning I received a letter from my mortgage lender Birmingham Midshires to advise that they have changed their interest rates to 1.24%. I have been with them since 2007 and my product agreement is 0.99% above BBR. Previously any Bank of England base…
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First mortgage payment
Hi all, I'm a FTB. We completed on Thursday last week, and I've since received a letter (and text) from my mortgage provider noting that my first mortgage payment will be debited on 8th May (and that it will be the normal amount). I'm a little surprised that it isn't going to start coming out in April. Is this normal? I…
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Advice
I know I’ve posted before but I’m really needing some advice. I own (not officially on the deeds yet) a half share of the property I live in after my mum died. I want to buy a half share from my dad. My problem is my main income is benefits and I have a car on finance. I’ve been offered 30k but it isn’t enough, my share…
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Fixed mortgage due to expire
Hi all I have a mortgage with platform with a 2 year fix coming to an end 30th April. In February we applied for the new fixed deal along with a mortgage advance (we've been chasing them since January back and forth phone appointments etc) They are now saying that everything is on hold until April 16th which is fine, but…
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Extension of Offer
Hi, I had a mortgage offer with an expiry of 6 April. However, due to corvid delays my builder could not complete (had to get a warranty) until 8 April. Due to this, I asked London and County (my brokers) to seek a mortgage extension on 20 March. I have been told that I require a rekey of the application (whatever that is)…
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Awaiting offer
Hi all, I know under current circumstances the most important thing is our health and that of our loved ones. I wouldn’t mind a bit of advice please? We are awaiting a mortgage offer on a new build. The application was submitted on the 13th with a valuation carried out on the 18th. Our broker thought we may have heard re a…
