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Can I get a gurantor mortgage
Myself and my partner are currently looking to buy our first home. She unfortuantly has bad credit so this is proving difficult. I have a high credit rating around 989 but unable the lend more that 80k based on my salary alone. We have 15k deposit and my mother is happy to be a gurantor although she is retired her house is…
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Generous valuation!
We have an application in with HSBC for a mortgage on a property that was advertised at £400k. We had an offer accepted at £390k. The valuation was done today (a desktop valuation rather than them physically attending) and has come back with a valuation at £402k. I'm really pleased that HSBC thinks we have saved £12k, but…
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Valuation zero without statement confirming property meets MHCLG requirements
I cannot find on the internet any reference to such a request from a surveyor. Trying to buy a flat in a six storey building in London. It was built in 2007. Halifax/e.surv completed last year a valuation very smoothly. Transaction dragged, so this year I made a new mortgage application with Natwest. This time physical…
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Mortgage With satisfied CCJ
HI Guys Any one knows about any lenders who can remortgage with satisfied CCJ of around 700.
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Transfer of equity
Hi All Need some advice and hope this is the correct forum. I am remortgaging my property, value of the property has been determined as 321k and mortgage required is 246k. The current mortgage is only in my name, I want to add my wife onto the land register (via transfer of equity as joint tenants) and the remortgage. Wife…
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Overseas Mortgage / Onshore re mortgage
Hello, quite a complex scenario here, im hoping you can help with. a family member currently lives abroad with his family working (UK citizens), soon the family except him will be moving back to the UK. He has a house in England currently rented out with no mortgage on it earning a sizeable monthly rent. They want to buy a…
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TSB mortgage offer via a national broker
Hi everyone, I was just wondering if I had any right to complain to TSB about a re-mortgage application via a national mortgage broker which I decided not to pursue after feeling their latest information request was unreasonable. I am a partner at a firm and have a small limited company I hold my investments in. They…
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Works to building stalling mortgage application
We are first time buyers, hopefully buying a 60's flat in London with a share of the freehold. We were notified when we put in our offer that there were some works to be done to the building, but that the vendor would pay for them. The works are primarily cosmetic (replacement of some concrete cladding that has been…
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HSBC RCS?
Hello, Just wondering if their is anyone in the know. I’m unfortunate enough to have the pleasures of dealing with HSBC while I am trying to release approx £25k equity from my home. Valuation was completed yesterday and today I received a text asking me to call RCS (no idea what part of HSBC that is, underwriting?).…
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Anyone able to advise on new mortgage calculation please?
Hello, I was looking to remortgage and have the following dilemma. Existing mortgage: REMAINING RATE MONTHLY END DATE £30,103.40 2.10% £344.7701 May 2028SVR BMRBase Mortgage Rate£13,642.852.10%£164.23 01 December 2027SVR BMRBase Mortgage Rate£14,941.323.59%£186.5101 February 2028tracker SMRStandard Mortgage RateTOTAL…
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Kensington Mortgage Application Timescale - Covid-19
My partner and I have applied for a mortgage with Kensington, due to myself having a few late payments in the last twelve months. My partners credit history is very good, and he has a current mortgage to which we both have been paying. We are now looking to move to another property, with both our names on the mailbox (so…
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Opinions Please - Natwest Decision
I've been informed by the Business Manager that my application has been assessed by the underwriting team and because I'm self employed it has to be reviewed by the manager of the underwriting team. This is the response from the manger word for word below and I just want to know is this a good sign, if anyone has…
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Mortgage deposit
My partner and I are buying a house together. I am putting in around 80% of the deposit. We will be paying the mortgage equally so we want to be joint tenants. However, we both want to have it recognised that if we do ever split or sell the property, I would get the same amount I paid into the deposit back first as it it…
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Barlcays Valuation
Hello - anybody applied for a mortgage with Barlcays recently and had their valuation? What was the wait time please? Just curious how long other people have waited. Thank you!
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Mortgage Clause Frustration on Second Mortgage
HiUsing a mortgage broker, I applied for and got a mortgage on a house, but my solicitor saw a clause in the mortgage contract stating that the mortgage on the flat I currently own will be paid off immediately on completion of this second mortgage. At the moment I have a mortgage on my flat but I do not need to sell to…
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Halifax Valuation Fee Refund?
Hi! I applied (through a broker) for a mortgage with Halifax. The information that was put forward was my basic salary, my bonus and lunch money I receive as a taxed benefit with my salary each month. Halifax had all this information and booked and carried out the valuation (I paid 200). They then came back and asked if…
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Offer pulled due to furlough, should I take out loan to cover renovation costs?
We are renovating and have gone over budget. We had an application in progress with hsbc (our mortgage provider) to borrow the extra £ needed to finish the job. But the affordability doesn't add up now that I'm on furlough. We have 3 Reno bills to pay now, and wanted to borrow extra on top (£12k) for a further extension…
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Exchanged contract - Furlough help
Hi all, We exchanged contracts just before everything started to go in to lockdown, workers are back on the building site and I'm expecting it to be complete within the next couple of months. We have both been out on furlough during lockdown and up untill now our employers have been topping our wage up 100%. We are now…
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Mortgage Help - Adverse Credit
Hi folks, very new here and to mortgages generally. I've put an offer in on a house that has been accepted. The estate agent hasad a helpful mortgage broker who put in an application through a soft credit search that was declined due to my partner having defaults in 2018. These defaults were £500 and the broker says our…
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Mortgage short term - like a bridging loan?
Incredibly complicated - my mother and I wish to buy a property together. She is 80, owns a property outright worth around £280 I have a property with approx. £250 equity in. I have two primary school age kids who are with me for 4 days a week. Both places are on the market. I have had an offer on mine but mum has only…
