-
Remortgage borrow extra or not?
Hi Folks,just about to remortgage and I'm after any thoughts or opinions. I recently started a £25k loan to consolidate credit card debt, my mortgage rate is about to expire and I'm considering adding the loan to the mortgage to reduce monthly payments and allow room to make overpayments. Figures as follows;loan £502,…
-
Separated but living together during lockdown, mortgage on application on hold.
Good morning all, hope everyone is safe and well! My hubby and I separated at New Year after 11 years of marriage, but we are still in the same house. Property is mortgage free as we inherited from his parents, and have spent approx £80K renovating (funded from sale of both our properties, we are in agreement that we have…
-
Absolutely DESPRATE for a mortgage
hi everyone, new here. I would just really like some advice on how to get myself into the best shape to apply for a mortgage! I'm becoming so down about it. I'm living in a crotty rented house with 2 children i feel I'm letting them down. I'm ashamed of my house and my landlord is awful. Any advice would help me greatly.…
-
Funding for Georgian house that needs renovating
Hi everyone. Looking for some advice.We currently own a property that we are about to list for sale. We anticipate in clearing after fees about £80K to £90KDuring our search for our next property, we have discovered a Georgian house that needs renovating, it currently has no working kitchen or bathroom.The purchase price…
-
proof of deposit and bank statements
Hi I will be looking to buy a house in maybe 3 months time or slightly longer. I have deposit money saved away in NS&I premium bonds + natwest help to buy isa and cash in my current account. If i transfer all the money to my current account will the lender / broker / solicitor ask for proof of transfers? Or potentially do…
-
Woolaway Bungalow Mortgage Advice
Hi My boyfriend and I are considering buying a woolaway bungalow but wanted to get some answers before so we can negotiate on the price. We know there are a few lenders who do these kinds or mortgages. Do you always need a PRC certificate to get a mortgage? And are woolaway mortgages more expensive generally? Also, are…
-
Built in mortgage fees advice needed?
My mortgage advisor has been furloughed so coming on here to ask for advice. My mortgage advisor built in all my payment fees (solicitors, brokers etc) into my mortgage so I don’t have to pay out of my own savings. However I have now been asked to pay for things already which means I will be paying from my own savings will…
-
Should I be worried ?
my mortgage application has gone in. I’m trying to purchase my dads share of the property so I have a 50% deposit technically. The broker has emailed me to say he wants to talk me through how the potential lender has responded. Is this routine or should I be worried? i have a low income, mostly benefits but I am self…
-
Urgent advice needed! Complicated mortgage application gone wrong!
So my parents are divorcing and my dad is remortgaging the house so he can give my mum her share to buy a new house for herself. The house she has found is 258,000 and she is getting 190,000 from my dad (his mortgage offer has been accepted, my mum has not got the money from him yet, this has been a very slow process on my…
-
New customer remortgage rates better than existing customer ones
Hi, I am about to remortgage and am currently with NatWest. The best rate they are offering me on product transfer is 1.87%. However, when going through their site as a "new customer" remortgaging they offer 1.53%. Does anyone know what the chances are of me being able to get the new customer rate if I called them and told…
-
Mortgage holiday and then full redemption
Hi All, I have a dilemma and wanted your advice on this. So im currently working from home, and im considering taking a mortgage holiday for 3 months. Im in the process of selling my house and all looking good. my dilemma is should i take the mortgage holiday and then redeem once the house sale goes through. The buyers are…
-
Mortgage offer and credit card
Hi, I have a mortgage offer from a lender that was done through a broker. I was fully upfront with the broker and advised him that I have a 0% interest credit card with a balance that I would be unable to clear at the point of completion. My plan was transfer the balance of the outstanding to a new card once the sale had…
-
Ex refusing to let me buy her out
Hi there, looking for some advice on the situation I’m in. basically myself and my ex-partner are separating (not married) and we are both owners of our house. I have offered to buy her out which she is refusing. She is wanting me to move out and pay half the mortgage instead of child maintenance for our son as she can not…
-
Mortgage funds delayed
Has anyone any experience with mortgage funds taking longer to draw down? Waiting for some remortgage funds from Nationwide but due to the current crisis it is not being classed as priority.
-
Mortgage after bankruptcy
Hi all, hope you are safe and well. It’s been 3.5 years since I was made bankrupt (2.5 discharged) and want to see when I could potentially get a mortgage now, even at these uncertain times. I earn 40k and my husband starts a new permanent role in June at 24k. There is a property on the market for 250k and we have a 15%…
-
To Mortgage Holiday or not, Help!
Hi Guys, I recently went self-employed in January, have had some work but could do with taking a mortgage break. I have not yet told my mortgage provider that I am self employed and am worried about what they will say as my income is varied at the moment, and worse off due to corona virus. What should I do? A, Tell the…
-
NatWest Desktop Valuation
Hi all, FTB, so all a bit new to myself. I submitted my full application (10th April) had emails from Legal & General (14th April) regarding the valuation on the house I'm looking to buy. My question is; At what stage does the valuation take place with NatWest, is that pre or post Underwriting/offer phase? Also does anyone…
-
Seafarers Mortgage Application
Hi all, I am British citizen, and currently work as a seafarer. Doing so I am entitled to my Seafarer Earners Deduction (SED), so I basically have to pay zero tax on my earnings. I am looking at buying my first home this year, and was wondering if anyone knows of any advisers or brokers they can recommend? I have spoken to…
-
Confused about interest only mortgage holiday
Sorry if this seems obvious but not entirely sure what a 3 month interest only mortgage holiday means for me after recently applying. I asked the question to my lender via their automated online system as they do not accept calls during our pandemic (obviously). I am front-line nurse with a property I am renting out with a…
-
Loughborough building society
Has anyone had any experience with them? Efficient, slow, any other info would be welcome.
