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Changing Mortgage Advisor after DIP
Hi all (especially the mortgage advisers in the room) After being very patient with my current advisor I have decided enough is enough and move to someone else. Unfortunately though I have already received a Decision in Principal (with Bluestone if it matters) I wanted to confirm whether moving at this stage could cause…
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1 month wait for a valuation (e.surv / Halifax)
Just been approved subject to valuation by Halifax for an HTB mortgage on a new-build flat. The salesperson at the developer has just been in touch to say that the earliest appointment available was 7th of September, literally a month from now. Couple of questions for anyone who might be in the know: is this the norm at…
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Halifax withdraw 2 year fixed fee at 85%
I have an application pending with Halfiax for this product currently. Will this now be cancelled, or will it still proceed due to app being submitted before withdrawal of the product? If the former, will we be offered a 3 or 5 year fixed as an alternative (both of which are still offered at this LTV) or will we have to…
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Father considering Equity Release (life time mortgage) - opinions sought
My father is looking to raise £40K against his house which is valued at £550K I am not keen on this plans however would welcome some advice on whether this is a low enough risk for him. He has been quoted 2.5% compound interest and is 87 years old.
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HSBC online application timeline confirmed.
Hello All, I hope my recent experience is of some help to those applying with HSBC. Me - HSBC customer, researched and chose the mortgage i wanted myself, employed full time, not FTB. 20% deposit, single applicant. (if anyone is in a similar situation). 1. July 28th, DIP obtained via online banking 2. July 28th, full…
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Please help. Mortgage on house with underpinned conservatory?
We are in a chain trying to buy a house. It's been nearly 9 months! Long story short top of chain fell so our sellers are buying a different house. We are just at the end and its found the house they are buying had some underpinning 1.5 years ago after a neighbours bush caused some damage. It was a successful insurance…
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Getting a mortgage now v waiting until debt free..g
Hi all, We have seen a house we like valued at £190k and will have a gifted deposit of £30k. After a few years of being in persistent debt, I am almost debt free (£700 on a credit card and £2000 overdraft which should be cleared by end of October). My husband has around £4000 on a credit card and £500 overdraft. There is…
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Charged ££££ in Arrears Charges from Clydesdale Bank from 3 late payments-all immediately rectified
Over the course of my mortgage with Clydesdale bank, I've occasionally been late on payement (three times). This is over the space of 3.5 years. My mortgage is 1610/month. The reason is varied but everytime I was informed of this matter, I immediately rectified the situation (in the space of days or weeks from the due…
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Turned down for DIP by NatWest (Equifax)
Dear all Hope you can help with reasons for my other half being turned down for a mortgage via a Broker who applied for a NatWest BTL mortgage. We are new to the process and the DIP was refused due to credit (we think that is what he said on the phone). The broker sent a link to check my credit file which showed all…
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Wrong product - new offer after offer already issued
Hi , So did anyone had something similar ?? I got an offer from Barclays - 5 yr fixed HTB green mortgage - basically i get lower rate if my hose is A or B rated, i send the EPC to my MA when applied and all was fine, got the offer etc . my solicitor raised concern about it but it was "between bank her and the developer"…
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Getting a mortgage facing possible redundancy
Hey FTB in the process of getting a HSBC mortgage, currently waiting for the advisor meeting on the 21st August. The company I work for did really well through the lockdown and I was very surprised to hear there will be redundancies. I have a redundancy consultation next week on the 12th but it will include possibly…
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Any hope of me getting a mortgage as self employed?
Hi, is there any point in me trying to get a mortgage as a self employed person earning not very much? Average about 13K a year and have about 10k saved. Accounts back to 2012. (Good credit score and no debt anywhere ).. I only want about 60K mortgage so not a huge amount. But I don't think they'd lend to such a low income.
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18 year mortgage at almost 52?
So I’m 51, in a good job that I can realistically continue in until retirement, no debts (although a loan only just paid off), good credit history - looking to buy having rented for 20 years - can I realistically expect to get an 18 year mortgage? I have approached an online broker who are very blasé about mortgages until…
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HTB Mortgage Rates Different to Price Comp Sites?
I am just wondering whether HTB mortgage rates are different to those that I can see on price comparison sites or not and if they are why isn't there an option on the price comparison sites to choose a HTB option? I am buying a new build and have been given a mortgage broker recommendation by the builder but I don't feel…
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Deed of trust split
Hello! I'm new to the forum but I've been doing quite a lot of reading and searching using the search function but I can't find an answer to my question so I thought I'd ask here. I know this isn't actual legal advice, me and my partner are going for actual legal advice regarding this but I thought I'd get some opinions…
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London Flat Remortgage - Non Traditional Construction (NSC)
Hi all, I am looking to remortgage my flat. It is a Large Panel Construction, though not of a known common type (Laing, Wimpey no-fines, etc). I bought in 2007 and did not realise the challenge that NSC can face, indeed I did not know it was a Non Standard Construction. My current lender would now not lend on this property…
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Mortgage help please
I’m in a position to clear my mortgage through a directors loan from my business when I exchange on my new house in 2 weeks...is this going to be an issue with my purchase? I had a £60k mortgage in principle but now I don’t need it...are the conveyancing teams going to think I’m money laundering???
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How far in advance of end of fixed term to start the remortgage process?
So I know it’s way to too early now, but next May my fixed 2 year mortgage is up and I was wondering how far in advance of the fixed rate ending I should start the process of finding a new mortgage? A bit of a Google suggests it can take around 8 weeks to get the mortgage sorted, so maybe 3 months, so month to find a deal…
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Danske Bank Mortgage
Anyone had a completed mortgage with them over the past few months? What tends to be the waiting date? Applied last week through a broker and heard nothing back at all yet. 15% deposit.
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Forces HTB
Does anyone know how long it takes for Forces HTB to release the funds? We are currently awaiting to exchange and our buyers are using this scheme and we keep being told by our solicitor that it should be soon.
