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Nationwide blocking gifted deposits?
Has anyone come across or got more information on this? I think this will massively affect a lot of ftbs. https://www.dailymail.co.uk/news/article-8584933/Nationwide-cracks-mortgage-borrowers-relying-parents-deposit.html
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AIP
Hi, I have an AIP from NatWest which more than covers the cost on a new build that I am about to make an offer on. Does this mean that I should have no problems securing a mortgage with them? Will hopefully make the offer on the property tomorrow.
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Savings
Do I have to use all of my savings as a mortgage deposit?
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HTB - Do we need to reapply?
Hi. We were supposed to complete end of July this year but due to the we-all-know-what, it’s been moved to November. I remember when we applied for HTB last year (December), I read that we should complete within 9 months (not sure if it’s exact 9). Now since it’s been delayed do we need to reapply again or request for an…
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Remortgage/equity release for extension
Hi, We moved into our new house in October last year. House valued at/purchase price of 462,000 Mortgage left as of this month is 364,361. We are hoping to do a large single storey extension and loft conversion next year. This will turn it from 4 bed,1 bathroom + 1 WC, to 6 bed, 3 bathrooms. Depending on the builder…
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IVA, 10%, Mortgage Help.
Morning all, Me and my gf are desperately trying to buy the house we rent, which will truly be our forever Home. We have an offer accepted. Before Covid, we had enough saved for a 95%, and we had a AIP. Since covid, we've been able to secure 10%, as no 95s are available. However, my gf had an IVA back in 2011, which has…
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Mortgage Upsizing Advice please
I am selling my property and upsizing to a property that requires essential repairs. I have approx £75k in equity from the sale of my property and a decision in principle from a new mortgage provider up to 95% of the new property. I am looking for advice on the best way to take the new mortgage and enough funds towards…
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Can an unemployed persons name go on Mortgage and Deeds?
Hello - I am new to the forum and this is my very first post. I do hope you are able to help. My daughter and her partner are planning to purchase their first home together. They are first time buyers. He has got a mortgage in principle based just on his salary. My daughter is unemployed at the moment, although she had…
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Mortgage and Redundancy
Looking for some advice based on experience with regards to what the options are when you have a mortgage and are made redundant. I’ve read about contacting the bank, mortgage holidays, govt loan scheme that pays interest, but wonder if anyone has had to deal with this for a drawn out period of time. i could be facing…
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Application refused due to missed payments
Hi. I've just had a full mortgage application refused with Yorkshire Building Society due to a number of missed payments. I've tracked these down and the missed payments are: Mortgage payment in Dec 2018Credit card payment in May 2019Credit card payment in Dec 2019 (this is on my partner's side) We are applying for a…
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Redemption
My mortgage balance has £102000 left on it and I want to sell my home and move in with my partner. Nationwide have given a massive £130000 as the cost. How can this be ?
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Halifax Mortgage App in Limbo!
Hi, FTB and forum newbie although long term stalker looking for advice. My wife and I are are looking to buy our first home and have applied with Halifax via a MB. Our AIP was given on the 23rd subject to verification of credit bureau details and our full app submitted 24th. 2 hard searches we're completed on all three…
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Service Charges
My purchase still hasn't yet completed had morgage offer signed contracts. Has anyone had any issues with Service Charges on a New build Development..Solicitor should have picked up on it sooner we was supposed to exchange last week. It's something to do with the Service Rental charge and some wording that isnt correct on…
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Does renting out our current property reduce our borrowing power for our second property?
Hi, as it says in the title, just wondering about whether our borrowing power would reduce despite the rent on the first property covering its mortgage? Figures are: Property 1 Value: £265k with 25% equity, Repayment mortgage £780 a month Proposed rental income £1100 a month. Property 2 (our proposed new home) Value…
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Spouse visa plus adverse help please
Hi all, I have been lurking for a while and finally plucked the courage to ask the question. My husband and I are looking to but a house. My husband is on a spouse visa and we both have defaults 6 in total which are 4 years old and older (4 are 6 years 2021, youngest is 4 years). We would really like to purchase a house…
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Mortgage offer retracted
Hi I am just after some advice around anyone who has had a full mortgage offer retracted? Or has been in the same situation as me. I do not have a good credit history due to my ex missing mortgage payments when we split up. However we got a broker and he managed to get us a really good deal with Halifax. My score has…
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Mortgage valuation
I was wondering if anyone with more knowledge than me could explain something please. I got my full mortgage offer yesterday which is great, just waiting for it to come through the post now. I heard nothing back on the lenders valuation, does that mean they valued it at the price I'm paying? I had a purchase fall through…
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Do you actually need a Mortgage Broker in 2020?
I'll admit I'm a complete noobie when it comes to buying a house, however I've found the Money Advice Service and this site to be quite helpful in figuring out what's required to purchase a property. So far, I will have a 10% deposit by the end of the year with enough left over to cover legal fees. Then there's the actual…
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Interest-Only Mortgage Query
I have an interest-only mortgage with 8 years left to clear. The balance at the moment is £126,000. My mortgage is currently £257.00 a month. I have two options: (a) Would it be better to overpay each month (I am not sure if one can overpay an interest-only mortgage, and does this reduce the interest or the capital), or…
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Nationwide Credit Check Agency
Good morning all, I have recently (22/7/2020) applied for a mortgage with Nationwide, and yesterday i finally saw some movement on the application with a credit search notification. Everything i have read and seen online to date has indicated that Nationwide only use Experian for credit searches, so (probably foolishly) i…
