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New job during mortgage application
Looking for some advice! Full application went in with Halifax in March valuation fee was paid but then we went into lockdown and everything was put on hold, before lockdown I interviewed for a new role within the same company I work for now just a different but very similar role and different location! I received the job…
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95 LTV
When you do comparison searches you can find 25ish 95% mortgages. Although on this forum the opinion is that they don’t exist? What’s the current situation?
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Mortgage Advice 10% or 20%
Hi, I'm looking to buy a house for c£300k. I have enough savings to comfortably put down 10% but could stretch to 20% and have a little safety pot. I often hear friends saying to put down the minimum % required for a mortgage and max out to 30 years so you have lower payments and then over pay at the end of each year? What…
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Gross profit or net profit??
Hi me and my fiancé are looking into getting a mortgage we have had several different quotes from lenders on what we would be allowed. We have tried a broker and also both of our banks. The broker and one of the banks used net profit. But my bank used gross profit. We are both self employed. There is about a £50,000…
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Natwest mortgage - what could be going on?
I applied for a mortgage back in March. The valuation came back saying that there were potential structural issues and signs of wood boring insects and a damp and timber survey plus a structural or full building survey (they listed qualifications required by surveyor) were required. I arranged both of these. The D&T…
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Worth getting a long term fixed rate mortgage?
Hi, I'm in the process of buying a house and only need a smallish mortgage. I will probably take a 10 year term to keep the payments low and maybe pay it off early if I can save enough to do so (I could have a shorter mortgage term but then I'm committed to higher payments every month). I am considering either a fixed rate…
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From almost non existent mortgage to big mortgage - hopefully the good life?
Hi We've pretty much paid off our 60K mortgage which was taken out in 2000 as we made lots of over payments. However we are living in a tiny 'starter' home which we outgrew many years ago and our quality of life is making us both unhappy. We hate living on an estate and are desperate to escape! We have recently viewed a…
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Declined Mortgage - Help!
my broker submitted a mortgage application to HSBC on 14th May, I am employed still being paid full as am key worker and my partner is self employed. a valuation was done on 22nd May, a week my mortgage broker sent me questions HsBC was asking, one question was if my partner had ceased trading due to coronavirus, now me…
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Confused
Hi, I’m confused about how decisions in principal work! Let’s say we have a deposit of £100k, and we apply for a mortgage of £200k, and get a decision in principle for that amount. But before the mortgage is signed and sealed, we decide we want to only put down £90k deposit (and keep £10k for home improvements). Can we go…
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Overpayment delay in appling to mortgage account
I have been overpaying on my Santander interest only mortgage but only just noticed that there is a significant delay (up to seven working days) from them receiving the payment to applying it to the account. Is this normal? Do they reduce your balance from the day they receive the overpayment or the day it's applied? I…
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Valuation for remortgage
Hi all, has anyone got any experience of using an independent valuation for a remortgage? We are seeking to take equity out when we remortagage in August, but our current lender is only doing desktop valuations which doesn't take into account the extension we have added (we've gone from 3 beds, 1 bath to 4 beds 2 baths…
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Any other self employed people un-affected by Coronavirus had a re-mortgage application denied?
I am a web developer and have been self-employed in my own Limited company for 10 years. I have very fortunately been un-affected work wise by the current horrendous pandemic. My customers are also unaffected. I am looking to take over my existing mortgage as me and my ex-partner have recently separated. The Mortgage…
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Help to Buy ISA bonus and exchange
Our buyers are using a help to buy ISA to purchase our property and are applying for their bonus via the solicitor. The chain agreed a completion date of 25th June but exchange of contracts is now being held up by my buyers solicitor in relation to the Help to Buy bonus. Can this kind of issue delay completion? I'm a…
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Reduce mortgage or clear HTB?
Hello all, We purchased our house in 2015 for £250000 and took advantage of the HTB equity loan scheme, so the government effectively now owns 20% of our home. We’ve now reached the end of year 5 so interest payments are due to begin this month. In the meantime, we are fortunate enough to have saved up enough money to…
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How long after valuation? Halifax
Applied in March this year, gave halifax everything and also our £200 fee, the house we want and have reserved, the seller is hassling me a lot since I switched jobs at the start of the year which affected applying. Now I have everything sorted with long pay slips and never been furlough either, everything is done and…
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House information
Advice need We have a house morgage free 3 bed which is to big for me and my wife including garden as we getting old with keeping up it with it our daughter is looking to buy a house for her first home she couldn't afford ours if she purchased a property would we be able to move in the house she buys and she lives in ours…
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Coventry Building Society Application
Hi, has anyone had any luck with the 90% Coventry mortgage that was released on Friday 12th - Monday 15th ?
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Shared Ownership/Second Home
I have a 25% share of a flat on my own, but my partner has recently inherited some money and we're looking into whether or not it will be possible to buy a house together. It is currently impossible to sell my flat even if I wanted to due to the new legislation re cladding, but it would obviously be great if we could keep…
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Confusion over mortgage redemption statement
Determined to get a good mortgage deal, ahead of my current one ending at end Oct, I started shopping around at the beginning of May and quickly decided on one. We decided on one and arranged to have it kick in at the beginning of November. Because I track my payments and overpayments, I had a good idea of what my balance…
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When to Remortgage
Halo Guys I have mortgage fixed rate ending in nov 2020 . But I have a satisfied CCJ which will fall off the credit file in March 2021. I am into a problem whether should I remortgage before the fixed rate ends in Nov. Or Pay variable in from Nov to March and then apply for remortgage in March as I will have a good score…
