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Verbal Mortgage Offer
Newbie on here! I’ve finally received my mortgage offer on Monday 20th April after a long 8 weeks with Aldermore. I just wanted to ask how long it takes after verbal confirmation to actually receiving the mortgage offer letter in the post. Does my solicitor also receive the offer by post as well. I’m a FTB so this is all…
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Affordability Vs Sustainability
Okay so I applied for a mortgage on my own. It’s to purchase the other half share of the property I own and the amount is £40000. I’m on a benefit only income at the minute and I’ve passed the credit checks, affordability but I’ve been declined on sustainability of the benefits over the term. Im really stuck with what to…
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Remortgage Rate - Is this the time to fix long term?
Switching rate with the same lender. No plans to move or sell but may rent out in the future if needs be/emergency. 75% LTV £150k 1.45% 2 Year Fix £500 Fee 1.59% 5 Year Fix £500 Fee Is this the right time to pluck for the 5 year fix, I normally just continue with the cheapest two year fix taking into account the fee/fee…
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C19 impact on home improvement plans
Hi there, My wife and I are fortunate enough to both have relatively secure jobs; we're late 30s and a long time away from retirement; we have paid off our mortgage. And: we do have relatively concrete plans to start a major home-improvement job that'll cost about £150k in Nov this year. To fund this we intended to take…
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Do I still need to go through my broker post offer?
Hello and sincere apologies if there is a thread on this already. I’m a first time buyer, buying alone and having a hellish journey. I went through a paid mortgage broker to and managed to secure a mortgage with NatWest. However, my original purchase is taking too long due to restriction complications and now coronavirus,…
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Mortgage Renewal
Mortgage can be renewed soon Going to stick with current lender as they offer exclusive rates to existing customers so not interested in re mortgaging. Anyone recommend good brokers to get best rates from in case they have better rates than direct. One I will use is Mojo as they were good before but open to others but no…
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barclays fixed mortage overpayment. bit concerned.
hi guys i have a fixed 2 year mortage with barclays and i can make 10% overpayment each year. im in my second year now and last year i overpaid all of the 10% about £2000 each time over the phone, i told them i would like to keep my monthly payments the same and not have them lowered. i just called to make a big over…
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Libor Rate Mortgages
Has anyone who had a Libor Rate mortgage for a buy to let house / private house had any compensation from their lenders due to the fact that the Libor Rate was rigged by the banks and prosecuted by the government
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Lenders what deal with 2 ccj 1 3 years old seccond 1 year and 6 months 10 % deposit
What lenders was out there i have a ccj what is 3 years old and another what is 1 year 6 months old must companies say need to be 2 years old is they anyone out there also ive got a 10% deposit
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Advance on a mortgage - help & advice needed
Good afternoon. In the process of remortgaging my house with Natwest - reason for remortgage is an extension. Because of COVID (worst possible time for my fix to end!) they have agressively downvalued our house so we are unable to borrow as much as we'd hoped. My broker told me that they should be able to start to offer an…
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Lifetime mortgage - Is this the right option?
Hello! :) I'm looking for some advice please if possible. My grandfather recently passed away and, not long after (terrible timing), my grandmother received a letter from Nationwide advising her that her interest only mortgage will be coming to an end in just under 5 years and, naturally, she is now very worried about this…
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Changing a job vs remortgage
I am just having a question, I hope it's fine.We bought a house on 19th December 2018 with mortgage (fixed rate with 2 year deal) with Newcastle Building Society and we were planning remortgage this year. My husband is thinking about changing his work (permanent contract) and thinking about changing it to self-employment…
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Re-Mortgage leasehold flat - legal pack
Hi - I am switching my leasehold flat to a BTL mortgage. My solicitor is insisting I need to obtain an LPE1 - even not I'm not selling and it is just a remortgage. Last time I remortgaged I didn't require this. And managing agents are wanting to change me almost £500 for it! Hence, the reluctance to obtain it unless…
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Selling a consent to let property
Hi, we are going to be selling a house we have consent to let on, when reapplying for consent to let each year (Halifax) they always had the question do you intend to move back, will we face any penalties now that we will be selling it and not moving back? We are selling our house and this house to move to a bigger house.
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Mortgage Possibilities
Hi all, hope you're staying safe. I have an issue that I'm hoping you kind folk will be able to advise me on. I'll try to summarise my situation but also provide enough detail. My divorce was finalised nearly 3 years ago, the outcome being that the family home was to be sold, joint marital debts paid off and the proceeds…
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Early Repayment Charge Expiry when Remortgaging - Which Completion Date?
We're currently in the process of remortgaging. Our original mortgage with Virgin Money has early repayment charges which expire on 1st May (this is also the end of the fixed term interest rate). We are trying to sort a completion date to move across to our new mortgage with Clydesdale. To avoid early repayment charges, do…
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Will my mortgage application after COVID-19 use furlough pay
Hi, me, my wife and daughter were planning to move house (I won't explain why but we have to) and have postponed due to COVID-19. We will be selling our current property and buying a property, and will need a mortgage. I am currently furloughed and the furlough pay is less than my salary (I am thankful I am furloughed and…
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Hard search on my credit file Wrong bank Wrong date Help!!!
Hi so im about to complete on my house purchase and my solicitor has said he would request to draw down the founds yesterday around 16:48 so i just assumed he would do that today... however i woke up this morning to an alert from clear score saying a new hard search would be recorded on my credit file which isn't a problem…
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Mortgage deal switch whilst still in H2B interest free period
With the state of the world just at the moment this is such a minor thing, but With so many people being furloughed, companies being closed, and everything taking longer, I wanted to start the ball rolling on our mortgage deal which is due to end in August. Almost two years ago we bought a new build property and took…
