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Indirect application
Hi all, I would appreciate some advice on this please. On hindsight perhaps I should’ve opted to proceed transferring my mortgage via a broker however when I did this 2 years ago the process was much simpler. My 2 year deal with Santander is ending November and I’ve found better deal with HSBC so applied to transfer to…
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Endowment Incompetence
Hi all. I have
an endowment from 23 years ago and have had hassle getting info on
it. The only time I get
an update is a yearly statement in January. I was planning to
cash it in this year if it was of higher value than last year The statement didn't
arrive. I called and asked
why. I got a very
incompetent person that told…
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Clydesdale mortgage approval timescale?
We applied for a Clydesdale mortgage through an advisor on 16/7/20. On 21/7/20 a valuation was done and approved by the bank. they asked for additional information on 24/7/20 and then again on 30/7/20. Our mortgage advisor is confident that they now have all the information they’ll need. But we now have a move date of the…
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HSBC MIP 90% LTV - now jumped to 15% deposit required! FTB
Hi, i had a Mortgage in Priniciple with HSBC (my bank for 20+ years) with a 10% deposit. I just had my first call and they have said that because i have an appointment after 16th i will now require 15% deposit! Thats an extra £8k they expect me to magic up after using a Help to Buy ISA and saving for years. My question is,…
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Small steps towards buying - how do mortgage applications work?
Hi, I'm making small steps towards buying for the first time, and I don't really understand the mortgage application process, in terms of timings and how important different aspects are. Say I'm looking at this...New house: £250,000Deposit: £12,500Help to buy loan: £50,000Mortgage: £187,500 I've just got a quote from L&C…
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What to expect valuation
I'm a FTB, we were meant to have a desktop valuation but this got changed to a physical one. I had no idea what to expect and couldnt really find an answer anywhere. I'm going through Nationwide and the surveyor is Countrywide. Thought I'd just do a little post incase anyone was in my shoes and overly anxious as we had…
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Porting mortgage with Platform - expected 14 week wait for mortgage offer?!
My partner and I are moving house and porting our mortgage with Platform. We have a buyer for our house and yesterday had an offer accepted on a new house. Yesterday we had a call with them and passed the affordability check, but the earliest appointment we could get for the mortgage application call was 2nd September (1…
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Buy to Let: Interest Only vs Capital Repayment
Hi guys, I have put down a reservation for a BTL investment property. I am currently looking at Mortgage options. On one hand, I'd like to do interest only as it gives me the option of having some incremental income, flexibility and monthly costs would be lower. Whilst on the other hand, I don't like the thought of the…
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Remortgaging for an extension. Some advice needed please.
Hi all. I currently have a mortgage with HSBC (5 year fixed) and want to borrow some more (around £60k) for an extension. Do I have to borrow from HSBC or can I borrow from somewhere else? I have seen a very decent rate (1.44) for a 5 year fixed with Nationwide. By the way, the current mortgage plus the 60k I want to…
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Broker recommendation please
Hi anyone recommend a very good mortgage broker please but who deal with small credit issues. Thanks
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TA6 Form queries of my Property under Offer...
12.1 Has whole or any part of elecrical installations tested by a Qualified electrician..? Living here for last 6 years & House is built 10 years ago. Never done any elecric test 12.2 Heating system - Last Service details. Not serviced last 4 years... How above questions in TA6 form will affect..??
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Mortgage problem advice required please
Hi Applied for a mortgage through a broker who advised today that my wife’s credit check shows cash advances on a credit card approx 40 times where she needed cash and used it unknown that it’s a big no no on your credit score so the lenders have declined us. Any advice on how to get these off the credit report would be…
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Mortgage Indemnity Guarantee?
Hello, Had an email today off my Mortgage broker saying the following - “Just to point how Saffron BS work (and all other small building societies) - the underwriter agrees the case which he has now pending the valuation report and Your girlfriends work reference. Once these two outstanding items are back and he agrees the…
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Buying house with parents
Hi everyone - I'm hoping this is the right forum for this, as my question relates only to the legalities/financials of this situation. My partner and I have three year old twins and rent in a very expensive area that we could never afford to buy in. My parents are in their mid-70s and have a house of which they have…
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Mortgage advisor for porting
Hey guys, Most advisors seem to be listed with a view to obtaining a mortgage or switching to a new one. I am looking to 'port my mortgage', plus add my partner and increase the size. Scottish Widows, my provider, have said I need to find a broker to do this for me. What sort of brokers do this who are decent?! I dont want…
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Is this normal?!
After ditching our previous MA, we went with someone recommended by a friend. We spoke to him last night after viewing a property and asked him to get on the case. Since 9pm last night he has asked for: 1.Full credit reports from all 3 main agencies. 2. Past 6 months worth of payslips for both of us. 3. Past 3 months worth…
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Precise mortgages
Hi weve just submitted our application. I have a feeling they will ask questions about bank statements. Can anyone give example of what they will ask? Im employed and partner is self employed
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Mortgage approved subject to valuation HSBC
hi all, I’ve just come off a Zoom call with a HSBC Mortgage advisor who has approved our mortgage subject to valuation. I am over the moon as we were very nervous and didn’t use a broker. But does this mean that if everything is okay in regards to the valuation we will receive our mortgage offer? I did ask the advisor and…
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Change of date I get paid. Can I change the day I pay my mortgage?
Hi I have just been told by the company I work for that from the end of this month my wages are going to be paid on the 10th of the month rather than the last working day of the month. I have been told to change the dates of my mortgage/direct debits by my employer. How easy is it to change mortgage dates from the last day…
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How does nationwide value houses
Hi. I am with nationwide(as I purchase house with them) . I am also look to remortgage with them. I got a valuation for remortgage. How do they work our remortgage values? Is it sold house prices in area? Also I will have 60 percent ltv after revalue. i presume next getting better ltv won’t get me better rates? As 60…
