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Advice on paying mortgage off with help from family
Hi, I currently own a property with my ex-partner who I am trying to remove from the deeds. Unfortunately I cant afford the mortgage in my sole name but I have a family member who is willing to pay the mortgage off in full as well as the 20% help to buy loan. My question is this, could I pay the mortgage off in full if my…
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Halifax mortgage
hi guys, me and my partner are applying for a halifax mortgage. Our total salaries combined are £80,000 and both have good credit scores, with no missed payments. We are applying for a 15% deposit/85 LTV mortgage as FTB and the property price is £387,000. we were declined with nationwide due to overdraft usage, and DIP…
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Any Lenders Accepting Overtime
we had a mortgage offer with nationwide with a 25% deposit but the sale fell through and the offer is now expired With the new tightened lending criteria Nationwide no longer accept overtime/bonus, and the amount they will lend us has decreased dramatically. We have now found a new property but unsure how much impact the…
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West Brom
My broker is about to put in my mortgage application with West Brom on Monday. I’m happy with the fees, interest rate (1.74% fixed for 5 years). I’m just wondering how long the process will take once the application is in? I think my application is fairly straight forward, 75% LTV and I’m in full-time employment (same…
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Accord - Experience and Timescales
Morning, My partner and I are currently in the process of getting a mortgage from Accord and wondered what experiences people have had with them. We started our application with them 5 days ago. Our process so far: * DIP referred * Questions asked * DIP approved before questions answered * Answers sent back to them *…
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Bank statements
Hi, I have submitted my bank statements but I am worried that the lender will see that I close to nil balance every so often - this is due to me flushing any spare cash I have after paying bills to my savings (Lifetime isa).... I worry about these things!
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Challenging mortgage valuations
Has anyone else gone through the process of getting a mortgage valuation reassessed? Local property prices in my street appear higher than the one HSBC has set; also four estate agents have suggested higher. I know that maybe agent business tactics and that valuations aren't an exact science, but if my mortgage company…
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Natwest huge house undervaluation - what is happening?
So, we are selling our house and buying another. We decided, after suggestion by the broker, to apply for Natwest mortgage (currently we are with Santander). So the house valuation which we are buying just came back, with massive undervaluation (asking price 298, agreed price 292k, valuation 270k), which is 8% lower....…
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Independent mortgage broker and estate agent links
An "independent" broker mentioned a firm of estate agents to me three times in a conversation - encouraging me to use them on the basis that he knows them and this would make the process smoother. Do they get commission for referrals?
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Platform Mortgages withdraw 90%LTV
Hello all First time poster... We're in the middle of what seems like a mortgage application nightmare and would appreciate some insight / experience / thoughts from others who know this territory. We're trying to get a 90%LTV mortgage - I know that's quite a big ask in these challenging times. We applied to Metro Bank but…
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Mortgage application sent off can you still pull out
I completed mortgage application over phone with bank and paper work arrived and has been signed and sent back today in post. Can you still pull out if you change mind?
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Personal loans after mortgage
Hi there, I am a new home owner, bought it 2 months ago, I need a personal loan,(6k), Ihave my mortgage with Halifax, I talked to them, they say we advice customers to wait 4-6 month before they apply for any credit, my question is that can I try somewhere else, or is the same everywhere, you have to wait some months,…
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3 months business bank statements requested.
Hi everyone. What is the main thing underwriters look at when requesting the above please? Is it income or debts for eg? Thanks.
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insolvency search
Hi, does anyone know if i can pay a solicitor to do an insolvency search for me. I have previously had a trust deed which is no longer on my credit file or showing on the public insolvency register but i have been told that the search a solicitor does before exchanging contract in a house purchase is more in depth. I would…
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HSBC Buy to Let Mortgage
Hi all, We have sold our property and our buyers are buying as a buy to let. They have been waiting for nearly 9 weeks for their mortgage offer from HSBC, the have had the AIP but it is now with HSBC's underwriters, we need to exchange within 3 weeks otherwise we are in danger of loosing the house we have bought - has…
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WILL writing service -cheap deals for mirror wills for married couples
Hello All I am looking for a mirror WILL deals for me and my Mrs to write WILL. We would like to write will for straight forward one such as 1 Property and savings account etc for each other and in the end it will go to Kids type of normal will. I would like to request a WILL service with good deals recommendations. Thanks
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Mortgage companies who are reasonable about SEISS
HI folks, I'm currently trying to apply for a mortgage, and thought I might try and gather some ideas that might also help others in a similar situation to myself. Has anyone been successful with a mortgage application, having previously applied for SEISS? If so, which lender? I've waited weeks for my appointment with…
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Family Springboard Mortgage and similar
Hi, looking for some advice. I think I understand how the mortgage works (10% deposit locked away for 5 years, need to have an independent lawyer). But does it allow the borrowers (family member giving help to) borrow more ? I guess can get access to 95% mortgage so that helps? As opposed to 85% of LTV. Is the Family…
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My brother wants to buy half the flat off me...
... and I am very willing seller... Rough figures: Remaining mortgage is £86k, flat is worth approximately £145k. That would mean there's approximately £59k equity. The easy way would be for my brother to pay £29,500 for half the equity. However £20k is his limit. I am fine with this, and on the basis of 50% ownership the…
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Sale of property
Me again! We put our house back on the market after being messed about, we accepted an offer 5 days later. The new buyers have a 10% dep and after visiting HSBC with who they had a dip with they got told they wouldn't be able to get the full mortgage amount. I gave them details of my mortgage advisor instead of them trying…
