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Scottish Amicable endowment
We have a 25 year Prudential (Scottish Amicable) endowment maturing in Oct. £47:90 pm. No mortgage so happy days, it currently has a fund (cash in) value of £15k and an estimated value of £26k. Despite a conversation with the Pru, I'm no wiser as to remotely what we may receive in 4 months. Any clues please?
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Risk of declined mortgage application due to pre-settled status
Hello, Both me and my partner (both EEA citizens) are in the process of applying for a mortgage. However yesterday we received a call from Building Society that our application might be declined as underwriters raised a concern that we're granted only pre-settled status which is time limited. We explained that we're EEA…
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Taking out credit after mortgage offer
Hi, Hypothetical question, can I take out a loan / credit card after a formal mortgage offer? Can they then refuse the offer if they find out? Thanks
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Mortgage with unsettled CCJ
Is it even possible to get a mortgage with an unsettled CCJ? My partner and his Mother had a CCJ for approximately 60k due to a failed business. He pays 200pcm , his mother went banckrupt. So I guess it all falls to him. He has been paying for about 5 years. The CCJ no longer shows on his credit report. We were wondering…
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Is it worth the hassle of switching mortgage providers for the sake 0.09% difference?
I am up for a mortgage renewal and can pay a bit of my mortgage so will only be left with below 50k left. I have gone through a mortgage broker who can get me a 1.7% deal with Nationwide or i can stick with TSB who i am with now and it will be 1.79% both on 5 years fee free. TSB would let me change to the cheaper rate now…
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BTL Mortgage Rates
I have a few BTL properties and I've come to realise that I'm not going to have funds to pay these off, so if I want to keep them I will have to re-mortgage when the current terms end. I took them out just before rates hit the floor back in 2008/9, on variable or tracker deals (can't remember which) and so I've been paying…
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Virgin Money Application
Hello, Can someone run me through how the process works please? I submitted Saturday and the broker claims I will hear within 3 days, but is that a offer / green light or what? What are the next steps? Thanks
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Bank of england base rate/lending rates in general
I probably ought to have been posting this in april ,when this probably was discussed . Its more of a general interest question. obviously base rate was reduced in march. some lenders reduced their lending rates/some didn't . I have one of each ,but needless to say-slightly irked about the one that one hasn't ,albeit they…
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Using money given as engagement gifts towards deposit
Myself and my partner got engaged about a year ago and had a party to celebrate. Family and friends gifted us money totalling around £2500 which we've never got round to putting into a bank account (foolishly it's sat in a drawer in our flat). We've been saving for a deposit off our wages and would like get this money into…
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Removing an ex partner from the mortgage
Hi thanks for looking. I am writing this post on behalf of my sister. She is going thru a remortgage and wants her ex partner removing from the mortgage - do you have any idea how much would it cost? There is not financial settlement, the partner never contributed to the mortgage and was only on it at the time for…
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Help To Buy - Discounted New Build
Hi, can anyone help with a question regarding a property my son & his partner are about to buy please? Purchase price is £299,995. They have their required 5% deposit, but the developer (Bellway Homes) is also offering a further 5% discount due to my son being a member of the Emergency Services. Therefore the discounted…
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Shared Ownership Mortgage for FTB
HiMe and my partner have just reserved a shared ownership property, the share is £82,500 and these are the rates we have been offered so far, are they any good? we literally have no idea what sort of rates we should be looking at with shared ownership. I have been advised as i work in a risky job with redundancies coming…
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Complex Help to Buy ISA question!
HI all, Apologies if this is in the wrong thread. My daughter has a Help To Buy ISA and she is buying a property with her boyfriend. The property has already been bought via an auction as her boyfriends father gave him the funds to buy outright (there as a time limit to buy the house) until they arranged a joint mortgage.…
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Will someone paying me back money that I borrowed them affect a mortgage application when they check
I borrowed someone some money over a year ago. They want to start giving me some money back. If they transfer money into my bank in instalments as and when they can afford to will this look weird on a mortgage application? My deposit money is in my ISA and the money they are repaying me will go to my current account and…
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Mortgage Broker - Advice/Recommendation
We are in the process of buying our first house but struggling with our current broker, there have already been several mistakes and this is before an application has been made. We are looking at using the LIFT scheme in Scotland so would like someone that ideally has a knowledge of the scheme. Just wondering if anyone has…
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Student loan application - Mortgage
Hi all I would like to apply for a student loan as I am planning to study part time starting in September but I am also planning to apply for a mortgage early 2021. Will the student loan affect my mortgage application? Thanks
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Nationwide application info
So we just did a DIP with Nationwide as they have preferential 5 year fixed rates. Was accepted for our maximum budget, we haven’t found a property yet. However it said if we were to apply, the only other information needed was my most recent payslip. Nothing for my husband. No mention of bank statements etc. Is this…
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5 Year Fixed 1.55%
Hi All, Looking for a bit of advice, my current Barclays fixed rate mortgage is due to end in October so I have started looking to see what rates are out there. Barclays are offering a rate switch of 1.55% fixed for 5 years. My current LTV is around 80% but the fixed rate covers up to 100% LTV What is peoples opinions of…
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Positive thoughts? Ridiculous anxiety level waiting on mortgage decision
Hi Application went in on 28 May. Have had to send some documents in, then it went to underwriting who asked for more documents. Now it’s back to underwriter. The more days that pass, the more the anxiety increases to the point of feeling sick. The not knowing is absolutely unbearable because we just want to start getting…
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Self Employed Mortgage 1 yr of accounts- when to start looking?
Hi, I've had a look on the forum and can't seem to see any answers so hoping someone can help me. Myself and my partner are looking to buy a house ASAP. We have deposit etc saved, I have good employment and credit history so I am ready to go essentially. My partner started his own business in January this year and I…
