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Remortgage including paying off somebody who has an interest in property
Hello, my interest only mortgage is due to expire in 2024. I am going to apply for a remortgage before but because my ex partner has a 20% interest in the Value of the house, I will need to buy his share. Could anyone tell me the best way to have my house valued as I’m sure it would not reach market value in my area as it…
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Furlough/Redundancy Risk & Need To Exchange
Hi, Really hoping someone can help me in this tricky situation I am in... I reserved a new build apartment back in March way before the lockdown and everything seemed to be ok. Fast forward to now, June and my NatWest mortgage and HTB have been approved which is great and I am ready to sign the contract and exchange (Due…
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Porting with TSB
We are currently tied in with TSB and looking to port our mortgage to move house (offer has been accepted). Spoke to the mortgage advisor hoping to be able to get an 85% LTV but they can only offer 80%. This leaves us either having to find quite a lot more for deposit or paying significant early exit fee. The advisor could…
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Payday Loan Refund on Bank Statement
I may be overthinking things but a question that has popped up in my head whilst going through my bank statements and seeing what I think an underwriter may question, is a recent payday loan refund. The loan companies name is on there but obviously I haven't taken out a loan with them it's just the refund. This is backed…
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Contracted hours Vs worked hours
My husband and I are hoping to apply for a mortgage in the next few months. However my hourly contract has gone from 45 hours down to 8 hours when I return from maternity leave. Will mortgage applications only use my 8 hours of contract hours or my average earnings? I will hopefully be working more like 25 hours. Would it…
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Selling House with Joint mortgage and moving to single mortgage
Hi, wondering if anyone else has gone through this and how smooth it has been. Unfortunately I have issues with my credit file which I am working on and its stopping myself and my partner having a new joint mortgage. We currently have a joint mortgage and our house is up for sale and have a great broker who has managed to…
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First time buyer?
Hi, me and my partner are currently saving a deposit hoping to buy a house towards the end of 2021. I currently own a home but my partner is a first time buyer, I believe that we will not benefit from stamp duty relief but would like to know if we would qualify for a 10% mortgage deposit ? Thanks for your help!
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L&C Mortgages
Good morning all, on May 7th I have applied through L&C for a shared ownership mortgage 15% LTV with Halifax. Long story short, I had to chase Halifax directly to book the evaluation and to check on updates as apparently my adviser could not get hold of them. Halifax carried out the evaluation this Wednesday, and yesterday…
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Advice on poor mortgage service
Hi there, was wondering if someone could help me. I applied for my mortgage with Natwest on 1 June and submitted all of the necessary documents. Pretty straightforward case with a good LTV. I paid for my valuation on 3 June and received it back on the same day - came back as expected. Yet I am still waiting to hear back…
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Affordability
The mortgage company have satisfied everything except the affordability. They keep asking if we can afford it. We have cash left from the move to pay off credit cards. I've done a budget based on the new mortgage etc and we will still have over 2. 3k spare each month! My mortgage broker thinks it's crazy that they are…
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Putting in a bid - What does this question mean?
Asked by the estate agents of the sellers. "The way in which the purchase will be funded – cash or mortgage – including the details of deposit amounts and the name of any lender or mortgage broker." The purchase is going to be funded with cash from the sale of our house and a mortgage, is the deposit amount the cash from…
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Family help mortgages
With all the changes taken place and things made more difficult for first time buyers, does anyone know if Halifax family help mortgages will return. We were planning to use this mortgage to help our daughter buy her first property.
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How soon is too soon to apply?
My brother's mortgage is up for renewal on 31/12/20 - just over 6 months awayHe is in full time employment, but concerned about job security, and wants to start the remortgage process now while he still has a full time job. Is it too soon? Or should he wait another 3 months or more?
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NatWest mortgage declined by underwriters
Hello, NatWest decline our mortgage application at underwriting stage due to ‘sustainability of income’ as my parter is a self-employed builder. He stopped working for around 6 weeks ish when full lock down was enforced, only because we live with a vulnerable person atm, and then went back to work as normal. In fact, he’s…
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Electoral Roll and Deed Poll.
I changed my surname back in November and thought I had updated the electoral roll. Just applied for a mortgage and it has been declined as I'm not listed on the electoral roll under my new surname. I have sent the relevant e-mail to the electoral office, does this mean I can't have a mortgage until this is sorted? I've…
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mortgage interest questions
Hi, How does mortgage interest calculated? I would thought as your mortgage decreases, the interest you pay every month also decrease? I checked my mortgage statement and it shows different interest amount every month and it goes up and down. I'm on fixed rate. Thanks. San
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Soooo many late payments between us
Hi all, Looking for some guidance please. My wife and I earn £51k between us. and have £10k for a house deposit with another possible £10k later in the year as I am due some inheritance. In the past 4 years we have more than doubled what we used to earn and were living way beyond our means. We recently married and are…
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Mortgaging a mortgage-free property. Which category are we?
Good evening. We want to carry out some home improvements/essential repairs and are considering the possibility of borrowing via a mortgage - probably to the tune of £30-35k. Our property is currently mortgage-free and worth approximately £200k as a guide. I'm a little confused looking at eligibility checkers, whether this…
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Mortgage product ending whilst selling
Hello, so looking for some thoughts on what to do with our mortgage. We’ve just put property on the market as we want to upsize. Our current product expires on 31st Aug. I don’t think it’s likely that we will complete on a sale and new purchase in this timeframe. I’m therefore unsure what to do with the current mortgage.…
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valuation
Mortgage application was accepted pending valuation. physical valuation completed today by countrywide (new build) how long now does it usually take to receive our offer obviously if all ok with valuation.
