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MSE Poll: Have you applied for a payment holiday?
Poll started 21 April 2020With many struggling as a result of the coronavirus crisis, lenders, utility firms and others are offering some the opportunity to take payment holidays, where you stop making payments for a set period (though beware, in many cases you will still rack up interest). So we want to know how many are…
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Mortgage application
Hi! My husband and Submitted our mortgage application last Thursday, they text to say valuation is 20/4 not heard anything as of yet. Our DIP was all ok. I just wondered do nationwide do all of their checks cra/ affordability exc before or after valuation? I’m just anxious. So if anyone knows I would appreciate some info
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Mortgage buyout value
This is strictly curiosity. Let's say a married couple gets divorced and one has to leave the house (person A) meanwhile (person B) the ex partner still lives there. Down the line person B wants to buy out person A so they own the house solely. Can person A who moved out lower the amount person B has to pay to be able to…
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Mortgage broker as a career
Hi I’m considering a career change to a mortgage broker can any mortgage brokers advise how easy this would be? I’d be able to do the CeMAP course at home quite easily but I’m not sure how I can get the work experience all the jobs require without actually being able to work/shadow with a mortgage broker. Would this be…
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Can Someone Explained Mortgage Holiday Repayment Increase Cost, I Don't Understand the Maths
Hi. I've been looking and reading about corona mortgage holidays, but I'm confused as to why the repayment increase is as much as it is. So lets say I'm paying £550 a month at 1.99% on a 20 year 1 month mortgage (241 months about £132,000). I've been told that my repayments would increase to about £558 a month from then…
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Endowment Terminal Bonus
Apologies if it’s already been done to death but I have a Standard Life 20yr £40k policy split with profits and managed, its due Sept 2021. Though reluctant, given the current climate I was thinking of cashing in as it’s not needed for my mortgage, however I believe that you receive a Terminal bonus on fruition as much as…
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negative equity - help please
excuse the dumb question but new to house buying. looking to exchange as soon as lock down lifted with 5 year fixed deal ( putting down 25% deposit ) we are hoping to overpay and at end of fixed rate deal there should be approx £140k left on mortgage. If we were to sell at £205 would we be classed as negative equity as we…
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Furlough
if I apply for a mortgage whilst earning 100% of my wage, but have a few wages of 80% furlough pay in my last 3 months payslips, will this affect my mortgage application? (I get paid weekly)
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Mortgage application
Hi guys, Hope everyones well and keeping safe. I have a mortgage apppplication in with barcalys and was due to get a suvery around teh 24th march just before the lock down happened. my advisder at the time said to just wait till this blews over. But just wondering should i have heard anything back or is it just because…
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Buy to Let Mortgage
Hi, my 5 year Buy to Let mortgage (interest only) is coming to end in August 2020. Obviously lots of things have changed in the last 5 years. Was thinking of maybe selling due to the increase tax I have to pay due to the inability to offset mortgage interest payments against income. However, with the economy in free fall I…
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Mortgage v house valuation
So we're currently living in the first house that we bought, so we're still very new to the whole housing market. We were planning on selling and had a home report conducted on our property and it's come with a new, higher valuation. Because of everything that's going on we've decided not to sell, but my question is (even…
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Nationwide mortgage after lockdown
looking for some into whether going ahead with mortgage or holding off a year. we currently have a 75%LTV fixed rate mortgage offer , and due to exchange contracts as soon as lockdown lifted. we are having a few doubts with the economic climate, but equally don't want to lose the house. what are the chances of still…
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Developer Incentives over 5%
Hi I could do with some help! Firstly, I realise that 1) I can't apply for a mortgage with the LTV required right now and 2) We haven't got a crystal ball and we don't know whats going to happen in the next few months. However, I unexpectedly accepted an offer on my house on Friday, which had been on the market since…
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Help to Remortgage for Shared Ownership
My fixed rate mortgage with The Halifax is coming to an end and I want to get a better deal than is currently being offered by Halifax which would work out as an extra £70 pcm (especially now they’ve also randomly started to charge me an ‘account maintenance’ fee). Trouble is, although I have never missed a payment and…
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HSBC mortgage application - broker - child benefit
Hi All, We are in the process of selling our house and buying another, our mortgage broker submitted our full application to HSBC on the 9th April. He rang us again on 14th to say he had an update, a desk top valuation had been completed and was fine and that all documentation such as pay slips, bank statements etc had…
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Anyone mortage companies what offerd mortgages with 2 satisfied ccjs with 5% deposit
Does anyone know before the lockdown what companies would of dealt with me having 2 ccjs and a 5 percent deposit
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Precise mortages before lockdown did they do 5 percent deposit
Before the world went into lockdown did precise mortgages do 5% deposit mortgages
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PIN letter - forces help to buy
My boyfriend applied for the forces help to buy nearly 5 weeks ago. We now have our lender threatening to cancel our mortgage application if we don’t receive proof of approval in the next 10 days. i was just wondering if anyone knows after the workflow notification, when do we receive the PIN letter? Do you receive this…
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No Crystal Ball
Hi Guys I hope you are all keeping well in these difficult times. I have a Accelerated Investment Mortgage Plan with Aviva which matures in 2023.It is on track to provide the target figure £24700. Last year I paid in £1184 and the policy value has dropped by £864 compared to 2019 figures.The figures for 2019 £28443 down to…
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ESW1 and Cladding for re-mortaging
Hello everyone! We have just had the results of our cladding and the building we are in needs remedial work - its 16yo so not covered by the builders insurance anymore and was built to standards at the time (which have obviously changed since Grenfell). Especially in the current situation, this is unlikely to be completed…
