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Will I have a problem?
I have just sold my house and looking at putting down 50% deposit for my next house, I did go a bit spend happy during COVID lockdown and did a bit of online slots 🎰... do you think this will impact me getting a mortgage? I didn’t think my house would sell so fast!
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Mortgage overpayment question/strategy
I started my mortgage of £250k in March 2020. I can pay up to 10% overpayments without a fee. So far I paid £24k so got just £1k more to pay until March 2021. In addition to this around £1,250 is being deducted every month through direct debit, so £1250 x 12 months is £15k, plus £25k overpaid it would be £40k so it would…
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Joint mortgage, but 1 person isn't working
myself and my parent want a joint application for a shared ownership home. I could afford a house we want on my wage but for paperwork reasons it would be better for us both to be on it for future. But my parent was unfortunately made redundant earlier this year after a very solid employment history previous to that. Due…
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Unadopted Road issue
Hi new to the forum We are trying to buy a property that has Unadopted roads there is no bond or plans in place to adopt the road and sewers. There is no contractor in place for the maintenance and up keep of the road and the developer is no longer in business. We have approached other lenders and they won’t entertain…
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Accord Mortgage Application + Issues
Hi new to the forum Just looking for peoples advice who have dealt with Accord Mortgages before. We are trying to buy a property that has Unadopted roads there is no bond or plans in place to adopt the road and sewers. There is no contractor in place for the maintenance and up keep of the road and the developer is no…
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Nationwide Increase Rates
HI, I am porting my mortgage with Nationwide to a new property. I need to borrow quite a bit more so rang them at the beginning of last week to get an appointment for the mortgage offer. I already had the AIP. They couldn't offer me a date until the 14th Aug which seemed an age but i know they are busy. Since that point…
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Are mortgage applications taking excessively long atm?
Our mortgage advisor is saying current mortgage underwriting with lenders is taking much longer than normal and any offer is typically taking 4 to 5 weeks to come out at the moment.Contrast with our estate agents are saying that's bs, he's lazy and we should use their advisor for a £500 fee so we don't jeopordise our…
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Valuation cancelled by Halifax - any idea why? (Based in Scotland)
Hi all, newbie here and am naturally a very anxious person so apologies if this post is angsty. I submitted my full mortgage application with Halifax on 29 July, passed the hard credit check and the advisor told me the case handling team would be in touch in 2-3 working days and that in terms of the valuation, it would be…
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Deed of Postponement issue
Can anyone offer any advice I am currently looking at further borrowing with my lender for a complete refurb to the back garden of the house. We bought the house on the right to buy scheme 3 years ago and therefore have 2 years left on the claw back from the council. We are after borrowing an extra £16k which will take our…
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Broker help
Hello, So I was hoping to have some advice on our mortgage broker. We contacted the mortgage broker Dynamo at the beginning of April, we needed a 95% LTV for our shared ownership property and got matched with Kent Reliance due to some adverse credit history. We were going to out the application in but the lockdown hit so…
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Santander remortgage application and delayed credit report updates
I'm currently going through a remortgage application with Santander through a very trusted mortgage broker who I've used many times with no issues. Since March I've been paying off my unsecured debts to get a more favourable rate but also to borrow more for home improvements. I also wanted to bring my credit usage down…
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Indemnity policy premium
Advice please does anyone know if Barclays re my Morgage is likely to except an indemnity policy premium re an Estate Rental charge where it's under a management company. Trying it this way as having no luck getting the deed changed with persimmon no response from them. So hoping this Indemnity policy will get things to…
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Mortgage, HTB, selling and bad credit
Hi after some advice pls. I have been speaking to a broker for a while now trying to find the best possible deal to try and move now, I have awful credit rating and am in a DMP so we are very limited on what to do. He found a HTB product with a lender he put us thru and we’re happy with that as wanted a new build (I know…
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Help To Buy ISA & Savings towards a deposit?
Hi, I have recently been saving for a house and am trying to do as much research as I can. One question i can't seem to find the answer to is if I can use my ISA and savings elsewhere towards a deposit, or does it all the deposit have to be paid by one or the other?
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Buyers Asked for a Reduction
Hi all I am sure this happens a lot, but cannot find any answers. Out buyers have picked at some petty matters from a survey (obtained independently from the lender) and have wangled a reduction out of us. From what I understand, our buyers have their mortgage offer from NatWest. They will of course have to go back to…
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Incoming funds
Afternoon, I have just had my mortgage offer approved by Halifax. I have the deposit ready and proof has been shown for this. My father plans to pay my solicitor and first home funds fees for me. My question is will there be any issue in him transferring me these funds before exchange? I cant personally see the issue but i…
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Applying for credit post mortgage offer
We've had our formal mortgage offer a few weeks ago and will be moving out on August 28th with contracts completing this week. My question is now that there is a formal offer of mortgage is there any harm in applying for credit (I.e. Agreeing new contract with Virgin Media for broadband for when we move in). I'm not…
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Buyers want us to drop price
We accepted the offer on our house, valuation passed and we thought everything was going smoothly. The buyers rang me and explained the bank won't lend them the full amount and he can't afford the top up so would I knock £10,000 off the price.... Instant no. They have now asked me to wait to see if they can raise money, he…
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Daft question - upsizing and borrowing more with NW
Hello guys Embarisngly daft question alert so please bare with me. We are looking at upsizing from our current home which is valued at £175k - have around £72k mortgage still outstanding. I'm with Nationwide into the second year of a 5 year fix and given the ERC would be staying with NW to borrow more. The property we are…
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Completion set
We are set to complete the sale of our home this coming Monday. The buyers of our property are FTBs and we are moving to a house where the seller is moving into a vacant property. Anyone else have a similar experience? How likely are we going to move on Monday? Our solicitor remains positive that we will, but I'm very…
