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FTB Mortgage rates.
I posted this in the wrong thread and was advised to come here. Mortgage of £178500 with 15% deposit @ 2.55 via my broker. Appreciate rates change daily and with the current climate..... hows everyone else getting on as a FTB?
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Lender requesting remedial works before proceeding
Hi all. I appreciate there was a similar post recently but I'd like some thoughts on my situation rather than hijacking anothers thread. I had an offer accepted on a property and put in mortgage application (via broker) thr next day. The lenders valuation survey was booked in and they refused to value the property until…
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Refused a mortgage - any advice would be massive help
Hi all, any advice would be really appreciated. weve just been refused a mortgage with nationwide and Halifax due to utilization of existing credit. By the middle of September all our outsinding credit will be fully repaid through the sale of a house which will mean we will be applying for a mortgage with a combined salary…
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Mortgage broker cost
Does anyone know how much a mortgage broker ought to cost? Is £400 about right? Thanks.
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New credit during mortgage application
Hi all. Wondering if someone can help me out here. Mortgage offer recieved on 17th August. Missives to be signed this Thursday (3rd September) with entry date/completion for 14th September. There are some things we need to get for the house through Argos/very credit accounts such as furnishings, etc. One of the conditions…
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HSBC self employed & some debt..what are the chances?
Hi, I am looking for some information about our chances of getting a HSBC mortgage. I work in the NHS part-time and I am also self employed (2 years books). My husband is self employed, director of LTD company. We recieved our Agreement in Principle for the amount we want on 03/08/20, full application submitted on…
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Is it worth porting a mortgage if only 6 months left
Looking to move house so will be arranging to borrow more , my current 5 yr fixed has 6 months left to run , current Lender isn’t Offering the best rates is it worth porting to save £1.2k or just cutting loses and go with best deal on market?
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Mortgage application timeline if staying with same lender
I have an appointment with my current lender about moving house so borrowing more etc - is the process likely to be quicker as I am staying with my current lender?
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Foreign income with arrears mortgage question
Hello, Just want a bit of advice. My husband works offshore in Norway (15 years with the same company ). He is paid in Norwegian kroner to our UK bank acct. I work here in the UK, part time and my salary isn’t that high. We would like to move house- we tried about 5 years ago but couldn’t get approved for a mortgage due to…
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Stressed out - could do with some reassurance if possible?!
Hi everyone, I've just joined but have been reading these threads for the past few days. My wife and I are looking to move house after living in our current home for the past 17 years. We are both company directors running a successful business but due to the industry we are in, have taken a bit of a hit in recent months.…
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Remortgage valuation
Hi, Looking for abit of advice We purchased our first home in 2017 with a subprime lender with the idea of moving to a high street lender at a later date (40 year mortgage) We've started the remortgage process with NatWest which means we will be on a lower rate and 13 years on the mortgage. They've come back with three…
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Advice on getting a re-mortgage and equity release to invest in a new property.
Hello. I am looking for an advice regarding re-mortgaging my existing flat and getting a new, larger one. My flat currently values on the market for around £420,000 ( same size flat was recently sold in my block of flats for that price ). I have no mortgage on it and looking to release as much equity as possible to put on…
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Nationwide - Overtime for new application key worker
are nationwide accepting overtime as income for key worker applications?
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Mortgage overpayments
I just called Leeds (my mortgage lenders) to discuss overpayments and I agreed I’d like to over pay it by £150 a month for now. Can afford more but at least wanted to get the ball rolling while I think about the longer term approach. Anyway I assumed it would be a separate payment but she said she’s just increased my…
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High interest rate for FTB 90% LTV
We are looking to buy our first house. Checked with mortgage advisor before making an offer and were told the interest rate could be more than 3.2% (90%, 30yr, 5yr fix). It's not our dream/ideal home, but no other house in our budget and location has ticked so many boxes (after having viewed 30+ properties over 2+ years).…
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Consent to let extention question
Nearly 4 years ago we bought our council house with the government Right To Buy Scheme. We lived in it for about a year and then due to a change of circumstances we had to move. Rules of the scheme say that if you sell within 5 years the discount that we received would have to be paid back on a sliding scale, which for us…
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Received our offer....however
We received our offer today from the post office. We had a slight problem when the valuation came back lower, however the sellers agreed to reduce the price. ive looked over the offer document and it still has the previous purchase price but has the correct lending amount. im guessing this needs to be changed before we go…
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Lenders and Solicitors - "approved list"?
Can someone please explain how true it is that mortgage lenders will only work alongside their approved list of solicitors? I can't decipher if this is just sales speak nonsense or there is any substance to it. I have yet to select a solicitor, partly because my mortgage broker hasn't yet picked the mortgage product &…
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Mortgage Portability
Hi all, Just wondered what the consensus was /people’s experiences around mortgages that aren’t portable and whether this will be a hassle especially in terms of repayment charges etc when it comes round to moving property in a few years? We’ve got a pretty good rate but not portable, is it worth looking at other offers to…
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Funding an extension and new flat
Hi I am looking to start on my extension in the next few months. I also want to buy a flat - initially we will live there while the building work is happening but longer term it’s for renting we have a house - no mortgage and worth around £400k. The extension and flat will cost around £160k. I have a couple of questions:…