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They Cancelled buying their house
Asking for a friend. Basically someone I know were on the verge of buying their first house, they won the bid on a house they liked and were literally about to sign the papers then the news broke out about the lockdown so they backed out, as they thought continuing to rent wouldn't be as risky. So have they done the right…
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Mortgage offer and furloughed
Hi, I was wondering if being furloughed would affect the offer before completion . I have got an offer but furlough has mentioned at work (hasn't happened yet) and completion date it's beginning of June. So would it the offer being withdrawn if one of the applicants is on furloughed? The company will top up with the 20% so…
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Natwide Mortgage Break
Seriously considering Applying to Nationwide -C.V. 19 mortgage break. Though my standard repayments are historically low 1.34% until mid 21' I could have a sensible Emergancy Fund in 3 months -3*250. As the three months are repayable over remaining 15 Years, is it going to cost a small fortune in Interest, I assume the…
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Halifax mortgage mistakes
Yet another clear mistake from Halifax, who have staff who mean well. They have made yet another mistake on my account. The have triumphantly notified me that my mortgage is going down, due to the drop in interest rate, from £236 to £246 per month. It would have to be a fairly strange set of circumstances for this to be…
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Multiple Mortgage Applications
No longer needed: Moderators feel free to delete
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Mortgage after using Drafty
Hi everyone, I had a few financial difficulties approximately 5 years ago, basically i was a sole trader, the business failed and I was unable to pay a number of debts. I ended up with about 7 default accounts and a CCJ. I've now paid off the CCJ and almost all of the default accounts, but getting credit in order to build…
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Endowment Concerns Q2
I hope someone can help with this question also. If I decide to reinvest my endowment (if the value is low ++) once it matures, and I kept it going for a further 2/3 years - would it be tax free like my endowment would have been? Say it is valued at £24k at maturity but goes to £34k in 2/3 years, would the 1st £24k be tax…
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Surveyor suggested about Completion certificate
Hi, FTB’s here. The house that we are going to buy has a kitchen extended done , the surveyor report came and suggested about the completion cert. Who should I ask about this, the solicitor or their EA? Thanks.
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Mortgage valuations
All physical mortgage valuations, including ours (90% LTV) have been put on hold. Curious to hear about other people's experience with valuations, both physical and desktop ones, in the current market. Are there many more down valuations now, and if so - by how much? Thanks.
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Joint remortgage with one applicant unemployed.
My fixed deal ran out must be approaching a year ago just now. With the current base rate drop it got me to thinking about remortgaging after putting it on the back burner when my wife became unemployed. However, she is due to get back to work after the whole Covid thing blows over. Since that I have had a wage rise at…
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Drop offer on house
I'm in the middle of purchasing a property for 195k I'm considering dropping the offer due to the current Corona crisis, how much do you think is acceptable if any, otherwise I may have to pull out. Regards
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Morgage Offered
Can anyone shed any help with this I applied for a Mirgage Application back end of February had to clear my car loan off to fit affordability this went on for a few days until I got evidence to say paid of in full. They were slow at progressing things. Eventually March 19th had and email from my broker which he copied me…
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Should i worry about mortgatge affordability?
I have recently bought a house on a 5 year fixed term mortgage (8 months ago)? I bought the house at circa 220k with a 15% deposit? Is it likely i will be in negative equity or something else due to coronavirus?
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Remortage Advice - Restriction on Property
Hi, I am at my wits end with both my conveyancer and my management company as I am currently remortgaging and have been since mid January. My previous mortgage expired in end of March and I'm now on SVR paying an extra £800 on top of my mortgage per month. I had been moving to a new lender as so that I would be on more…
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Mortgage Application
Looking for some advice please! We put an offer in on a new home in February. Spoke to a mortgage advisor and were being offered great deals at just over 1% interest. Now he has come back to us and told us he can only get us deals at between 3-4%. I know the situation has changed drastically but when we look ourselves…
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Mortgage offer 33% lower than expected
(Just to clarify that no formal offer has actually been received.) * Buying with HTB (Equity Loan) at 53.475% (including deposit), resulting in 46.525% LTV. * Numbers all crunched by two different brokers (back in mid-February), and a mortgage figure of around £210,000 was reached by both of them using the HTB…
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Natwest Overpayments confusion
Sorry for the long winded post, but i've been in touch with my mortgage provider to increase the payments, like i have done for the last 5 years and have been told that making an overpayment only reduced interest and and the balance owed "it doesn't reduce the term" See the conversation below, as i'm quite annoyed as i've…
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Put SIPP contributions on hold for 3 months?
Hi all, Just a quick one really - would stopping SIPP/LISA contributions in the few months before a mortgage application increase affordability in a mortgage application? I contribute to a defined benefit scheme which I will continue, and there is no employer contribution to the SIPP/LISA. The plan would be to simply…
