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What to expect next
Hi everyone, so we exchanged on a new build back in march and we are now due to complete this Friday (29th). Can anyone tell us what to expect this week, in terms of behind the scenes? Our solicitor has requested the funds from halifax & HTB to arrive on Thursday.
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Mortgages for older people
I'm 58 and wanting to buy a property with my wife who is 50. I have a fulltime job and intend to continue working for at least another 10 years. Can you recommend any mortgage providers that might be relevant?
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Mortgage Deed - What is one and does it convey ownership of a property to the lender
Hi. This is probably a basic question but what is a Mortgage Deed and by signing it does it convey ownership of a property to a mortgage lender?
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Could it be worth remortgaging early?
Hi, We are due to remortgage next June from a 5 year fix and I'm wondering if it is worth thinking of remortgaging early based on current rates. Our current situation is: 5yr fix due to end in June 2021 £151000 remaining mortgage @ 2.54% 20% equity loan - we will be borrowing more to pay this off. House was purchased for…
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poor credit history turned good mortgage chances
Hello, When i was younger i was very stupid with credit, I moved out of my mums house to another country in the UK to work, I took out a loan for the flat deposit and 2 credit cards which i then wasted on nights out and things i didn't need, with the plan to just pay it back in full from my wages soon. I never did pay it…
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Endowment Null and Void since year 11. . found out 14 years later.
My partner was looking forward to making the last payment on her mortgage after 25 years. After being shoved from pillar to post by lender and endowment company, it seems the endowment was declared null and void 14 years ago due to two missed payments. She can't remember if and why she missed payments, but apart from that…
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My Home Photos and Nationwide
Does anyone have any experience of using My Home Photos? My remortgage got put on hold, as Nationwide required a physical valuation. I have recently been contacted to use an app called My Home Photos. This means that I need to take pictures of the property and upload them onto the app; and this is then used by the…
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What does this mean?
I was trying to find out what the mortgage requirements were for the Natwest, as a self employed person and came across the attached PDF, dated 24th april 2020. It states - 'Proof of income- residential mortgages less than 75% LTV and £500,000, latest HMRC SA302, or latest years accounts'. 'For mortgages of less than 75%,…
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Mortgage advisors - locked in?
Hi all, Quick and simple question - but I can't seem to find my answer via Google. I have used a mortgage broker/advisor to get a mortgage this time round - in 3 years when my fixed rate ends and I may want to look at other options, do I have to go to the same person again? When I have spoken to him on the phone he keeps…
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House valuation query
Hi all, we’re in the process of going through buying a property. Mortgage company has said they can instruct a valuation soon, but I’m not due back in work on the 13th July and have to provide a pay and bank statement to prove wages when I get them in August. I’m thinking that we should get move ahead and get everything in…
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Remortgage now or wait?
We have 3 separate loans with Santander. Loan 1 £235,000 at 3.14% Early Repayment charge is 5% (about £11,500) and applies until 2/9/2020. Product ends 3/9/2020 - £999/month Loan 2 £33,500 at 2.99% Early repayment is 3% (about £1000) and applies until 02/12/2020 product ends 3/12/2020 - £134.77 a month Loan 3 £34,500 at…
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Santander salary multiplier
A few months ago when I used the salary calculator Santander gave me 5 x salary, now it only seems to be giving me 4.45 (which is meant to be for salaries under £45,000). Their site seems to show that they still offer 5 x for salaries over £45,000, does anyone know if this has changed recently and they just haven't updated…
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Adverse credit Mortgage
Hi I need a mortgage very quickly to buy my late mums house. I have 2 ccjs which are 3 years old and a few defaults. However I am in a much stable position now . Does anyone know of any potential lenders?
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Will being a company Director on top of my normal job stop me getting a mortgage?
Hi all - I have a full time job which is my only income, and my wife also has a part time job. On top of this, I also have a business setup which I am Director of, but have never been paid or taken dividends from this as it is currently dormant while I set it up. Firstly, do I even need to disclose this, as on my personal…
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Mortgage fixed for 5 years, EU citizen, Brexit - What happens after 5 years?
I'm a UK resident as of this year, and was before as well. I'm likewise an EU citizen, and I'm currently paying my mortgage with direct debit + overpayments. My rate is fixed 1.73% for 5 years until March 2025. I'm not entirely sure if I would remain in the UK in the near or far future, but I would definitely keep on…
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Removed equity without my consent
*Scotland only* I have separated from my husband of 13 years. I still live in the family home which we have shared for 10 years. His name is the sole name on the mortgage. He continues to pay this instead of child maintenance for our 2 children. He has revealed to me that he has taken equity from our home to start a…
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Mortgage vs unsecured loan
Dilemma - we have 4 years left on our mortgage and want to borrow some more to do some home improvements, increasing current mortgage by half only gives us LTV of 19%. Hubby is older than me and his retirement age (70) is 7 years away. Is it better to get an unsecured loan or remortgage??
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95% mortgage for first time buyer?
I have saved up a 5% deposit and found a new build house I love. I'm in Northern Ireland. I have been told no bank or building society is offering any 95% mortgages in the current situation. Is this true? And if so is there any likelihood lenders will be able to offer them any time soon? Or are my hopes of finally getting…
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Will getting a buy-to-let mortgage impact ability to get a residential mortgage later on?
Hi, I’m looking at buy-to-let mortgages for a property I already own 50% of (unencumbered), in order to buy the other 50%. I just wanted to check if getting a buy-to-let mortgage on this property will negatively impact my ability to get a residential mortgage in the future? Will it be factored in by lenders? Also - will it…
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Mortgage as an agency worker
Hi Guys. I searched for some info on this, but couldn't find any posts discussing this issue specifically. I am intending to buy my flat within the next year under right to buy (it is council). I am a trainee teacher. In September, I will be qualified (touch wood) and will be working as a teacher. I have done the maths,…
