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I have noticed a lot of fixed rate deals have increased %'s over the last 4-6 weeks...
Is this a good or bad sign? The 5 year HSBC deal I wanted has gone from 1.44% to 1.59% to now 1.69%
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NatWest 5-yr fixed coming to an end: Advice needed
Hello. I wonder if any mortgage experts on here can shed some light on this. I've lived in my property for seven years. I originally had a 2-yr fixed rate with NatWest, and when that came to an end I renewed it online, this time to a 5-yr fixed rate. When I did this, I had no contact at all with the bank, I simply logged…
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Declined by Natwest who else is accepting overtime?
We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime
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Barclays SO 15% LTV
Good afternoon all, I have applied for a shared ownership mortgage with Barclays with 15% LTV. How likely is that they will do a desktop evaluation? Thanks :)
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Mortgage on Uninhabitable House
Hello, We have recently been given a building off my father, the transfer has been done and it is now in my name, it used to be his stores before he retired, it around 40 ft x 20 ft, 2 storey and is valued at 65k we have had plans drawn up into a 3 bedroom house and are in the process of putting the planning in to the…
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Declined DIP due to credit..advice re credit checks please
Hi, We've just had a declined DIP from Nationwide due to credit. Both myself and my husband dot have any depts at all. We had a previous DIP prior to lockdown so don't understand why it has been declined? :( Nationwide advised me to check our credit scores, they use Equifax and Transunion. Ive just checked myself with…
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Nationwide Mortgage Offer Expires - 15 Day Grace Period?
Hello all, Me and my partner are buying a new build using help to buy. We're due to complete September 18th, my mortgage offer from Nationwide expires 31st of August - this follows their 90 day COVID extension. I've read elsewhere that Nationwide offer a 15 day grace period on top of their 90 day extension? Does anyone…
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Can I get mortgage if my ltd company applied Bounce Back Loan?
I am a company director for 2 companies. Sole director and 100% shareholder for company A, sole director and 80% shareholder for company B. Both two companies applied Bounce Back Loan in May. I re structure the company and our profit is higher than previous years. Do I still have a chance to get mortgage? Do I need to…
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Lease extension on a flat
Hi, I've been in my flat around 5 years. There are 89 or 90 years remaining on thd lease. I don't plan on being here forever, but no plans to move imminently. The management company have sent a newsletter with approximate costs to use the same solicitor to keep the costs low. They are roughly £1250 premium to freeholder,…
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First Time Buyer
I am 42 and looking at getting a mortgage with my children 19 and 22 is it possible to get a joint mortgage with 3 people on (all first-time buyers) and would the maximum years the mortgage could be spread over depend on the highest age of the applicant (me) or the lowest age of the other applicants and what would be the…
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Valuation come back £50k less
Anyone experienced the valuation coming back so much less than what we’ve had our offer accepted for? I have asked the estate agent to find comparable properties so I can prove to the mortgage broker it is worth what I’m paying but looking into it I’m not sure I can. I would have guessed maybe £10k less but not £50k. Could…
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Halifax after creditor in DMP?
Hi all, my husband and I were informed by our broker yesterday that we have been granted a DIP (85% LTV), however, when I got off the phone I realised he hadn’t said who the lender was. As it was the end of the day, I sent an email asking him to confirm the lender, but won’t get a response till next week I assume. On…
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2nd mortgage adviser have we made correct decision
Just before Covid hit we spoke to a mortgage adviser and she got us a DIP For the amount we were looking to borrow and to use equity from our existing property to buy our dream home. We put an offer in on a place and it was accepted mid June on the 20 th June she sent application to HSBC so she told us, We then spent the…
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Right to buy five years up in november
As heading says I can sell the property in November without paying back any of the discount. What I am hoping for is a bit of advice, can I put it on the market now with the provision that we cannot exchange contracts until November 23rd? Have had property valued by estate agents and am ready to instruct. Really appreciate…
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Helping Dad to retire
Hi, new here, hoping someone can help. In a nutshell: my Dad is 69 and wants to retire. He has £126k on his mortgage with RBS. His flat is worth approximately £265k. He has no savings and only gets a state pension. We're looking into lifetime mortgages. However my brother and I were also thinking about switching titles…
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Long wait for valuation
I’m a bit confused here (being a FTB doesn’t help!)... We have had a mortgage offer from HSBC subject to valuation. Our solicitor was the one to receive this. I had paid a £999 booking fee on Monday and was told by the HSBC representative that it would be a desk valuation carried out in the next couple of days and “should…
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HSBC valuation lower!
I currently have a mortgage application in with HSBC. The house was on at offers over £300k. The seller had her sights set on somewhere between £315-350k. Eventually she agreed to £300k. After 5 weeks of waiting we heard today our valuation from HSBC valued the property at £265k!! Myself and my partner are gobsmacked it…
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HSBC Mortgage application
Hello everyone, Me and my partner are using a broker and she is in the process of trying to submit our application to HSBC. We are second time buyers with a 90% ltv. She has been trying for over a week just to even submit our application but as there is a limit on daily entries, no success. I was just wondering if anyone…
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Is there any underwriters on this forum? :)
Hello, Is there any underwriters on this forum? I have a question on a mortgage application if you don’t mind helping I am with a broker and they advised to go with Leeds as we fit their criteria. when starting with the broker I said I am increasing my hours at work and he said we can use that salary. When I calulated my…
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Any lender does not require the EWS1 Form?
Hi everyone, my husband and I have found an apartment in Manchester that we decided to go ahead to buy. We have started the transaction process since one month ago. But suddenly the bank could not give us the mortgage, because we cannot supply the EWS1 form. This form has caused a lot of trouble to many apartment buyers.…
