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Looking for some guidance on a valuation on a new build house mortgage
Morning all, I've just signed up to this forum. I've used it for years and it's been extremely helpful. However, I now find myself in a spot where I can't find an archived thread that helps - so any guidance here will be a huge help. My wife and I reserved a new build house here in Scotland (via Cala Homes) earlier this…
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Am I missing something?
Good morning everyone, I've submitted a full mortgage application via my broker and all appears to be going well. I am borrowing £150,000 over a 25 year-term and the rate that my broker recommended was 1.63% over a 5-year fixed term with no arrangement fees, which gives a total to pay per month of £609.11 or £36,747 over…
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Needing a home
Hi all, We are currently in a rented property with the landlord having give us 2 months notice to leave (wants to sell) prior to the pandemic. We only have a 5% deposit and were going through an application on a property we had an offer accepted on when lockdown initiated and the lenders withdrew high LTV mortgages. This…
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Shocked by mortgage appointment - is this right?!
My husband and I are FTB. We have a 10% deposit (15K) gifted to us by my parents. We both have a very good credit score. We originally saw a mortgage advisor back in March. At that time, our combined income was 40K and we had 13K of credit card debt. She told us then that we should be able to borrow 159K. However lockdown…
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Reclaiming Mortgages
I am seeing an increasing number of adds to reclaim mortgages- especially interest only. Is this as legitimate as PPI claims, has anyone done this?
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Furlough Mortgage Advice
Hi All, I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has…
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Later life mortgage
Living in Spain but moving back to Uk by Oct, retired, 68 trying to find a later life/retirement mortgage, have a 70% approx deposit but those Bld Soc I have contacted you need to be living in Uk for set amount of time, I also had one that asked me where I would fund the deposit from and when I said sale of house in Spain…
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Know how much I can get, but how much mortgage should I get?
Hi All, I've got a mortgage broker and an 'in principle' offer, so know the most I can borrow, but I'm just confused about how much is sensible to borrow... I earn £1780 a month after tax and have read that up to 35-40% of that is fine - but that seems like a lot to me. I was thinking around £400 a month on mortgage was…
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What to include on Agreement In Principle application for Expenditure
Hi, Hoping someone knows the answer to this but I'm just checking something I was told a while back by someone I know that works for a bank. Basically he told me that when we go through the AIP application we do not need to specify things like Council Tax or Utility Bills as these are already accounted for by the Bank when…
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Nationwide rates
I've just noticed nationwide rates have gone from 2.99% to 3.49%. Were yet to complete our application for a 90% ltv mortages. Such a big jump. Around a £45 increase in costs per month on the mortage if i go ahead. Any ideas why its jumped so much.
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FTB - Adverse History 15% Depsoit
Hi, Myself and my partner are looking at purchasing a property - My partner has perfect credit history, however mine is tarnished by a CCJ (5yrs old, 3.5yrs satisfied for £700). We have an AIP from Barclays, and we have 15% deposit. Is now a good time to try and get a mortgage or would it make a huge difference if I waited…
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Accord Mortgage - Help To Buy
Hi, Our Mortgage broker has just submitted an application for our agreement in principle with Accord on Monday and it’s referred. Our broker said this is quite common with help to buy applications and where there are multiple addresses in the last 3 years. Just wondering if anyone has experience of this and knows the…
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Mortgage missing from my credit file
Hi Everyone, I have also posted about this issue on the crefit report thread and would be grateful for any advice. My 2 year fixed term mortgag with HSBC ends this month. HSBC has failed to add the mortgage to my credit file. Credit file is good on some and fair in others, so I have been trying to improve it by getting…
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Is now a good time for 1st time buyers,?
Hi my daughter and her boyfriend have saved £18,000. They have seen a shared ownership property, for £68,232.50 (35%) is now a good time for them to buy? And is a shared ownership property ok? Thanks :)
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Shared deposit - sole name mortgage
My partner and I are hoping to buy a house together but due to my age being 56, we are unable to apply for a joint mortgage with a term of 25 years. My partner will apply in his sole name for 25 years, but we are both contributing a sizeable amount for the deposit. As my name won't be on the mortgage application, should I…
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Gifted Deposit and Price reduction on parents house
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First time buyer 10%
First time posting on here. Help/advice/reassurance needed. Sorry very long post!!!!! We are first time buyers, with a deposit of 10% with mortgage in principle for more than the amount needed, put an offer on a house and was accepted 16th July. Vendor told us they hadn't found a house and not in a hurry. We needed to wait…
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Incorrect Purchase Price on Mortgage Offer
Hi everyone. So finally got my mortgage offer on Monday 17th August after application going in on 13th July! Only issue was the purchase price on the offer said £130k when we have paid £128500, something that my MA and solicitor spotted immediately and have reverted to Nationwide to update as apparently all the figures…
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Buyer may pull out-Can i refinance existing property as a BTL to save losing property am buying?
Hi all - if anyone has any thoughts on my situation or come accross similar in the past I would be grateful for your thoughts. Selling my existing house for £190k which has an outstanding mortgage of £88.5K so 101.5k equity. In addition to this I have roughly 35k in cash savings. I have put in an offer on another house for…
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Adverse history and finding a broker
Hi everybody Myself and partner both have bad credit history and are planning to try for a mortgage in 6 months time (to allow for some more time to heal our history & save some more deposit) however I thought about trying to contact a specialist broker soon to get advice/guidance on wether it will even be a possibility in…
