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Looking to move but need some advice
After owning this house for 22 years we have decided to finally move to what I call our forever home We both earn decent money on paper to afford next mortgage but I have a couple queries Current house is valued at circa 160k We have approx 25-30k of mortgage and remortgage left including one secured loan (we were reckless…
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Pushy property developer?
First Time buyer so unsure if all new property developers are the same, however the one we're buying a house from seem very pushy in terms of wanting things done...when everything is taking 3 and 4 times longer than normal currently. My solicitor only received his copy of my mortgage offer last Monday 05/10. The total time…
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Balcony deck access mortgage decline
Hi all, Hoping someone has experience . My mortgage offer went in with TSB on 23/09, I called the broker for an update yesterday and he says they'd updated him that morning that the valuer has recommended that TSB do not lend against the property as it has balcony deck access. He's asked me to give him til the end of today…
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Santander DIP declined when I want to port mortgage but Natwest agreed a DIP?
Hi all. I am hoping for some advice please. I currently have a mortgage with Santander and want to port my mortgage to a new property but the online DIP came back as a straight decline. I already have a mortgage with them and have for the last 10 years, no late payment, no credit defaults, no outstanding loans or credit…
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PAYE & Second Job Income!
Hi, Hope someone can advise... I have been PAYE for many years and at my current role for the last 12/13 months - I have now recently been approached to do some part time work as an additional income. I am also looking into getting a mortgage on a property on my own, what is the best option for me to take with regards to…
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Land Registry K22
Hi, Would anyone know how long it takes for Land Register Charges dep. to process K22.
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Releasing equity by remortgaging
Hi all Sorry if this has been discussed before, but I couldn't see a post about anyone in a similar situation. I bought my first property just over 5 years ago for £340,000. Based on valuations and the recent sale of other neighbouring properties, I think the value is now around £420,000. I currently have around £215,000…
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Can a vendor and a buyer agree a deal without telling the lender
We asked out seller to do some works to the property after the survey flagged them up. They agreed they were fair but requested giving us £2000 instead so we could do the work afterwards so as not to slow things down by waiting for them to be done. We agreed but when our solicitors were told they said they had to ask our…
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Mortgage offer drama: misspelled middle name
Newbie here! I’m in the process of buying my first property and had contract, transfer of deeds & mortgage deed to sign. We’ve realised one of my middle names shouldn’t have an extra ‘n’ on the end. My broker is trying to sort this out and has advised They would do another credit check etc but this could result it a…
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Consent-to-let to buy. Can they do this?
My partner and I are desperate to get out of his 1 bedroom flat but unfortunately, EWS1, need I say more. His mortgage lender agreed that if we rented out the flat on a consent-to-let basis, we could buy a 2nd property with a 2nd mortgage. Happy days. Rental income covers most of both mortgages. I sold my business to raise…
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5 year fixed mortgage, now only 4 years 4 months due to Covid!
I was offered a 5 year fixed mortgage in November 2019. Back then, the offer included a fixed rate until March 2025 and the completion of my new build flat was due in June 2020. This means that effectively I would have enjoyed 4 years and 9 months of fixed rate, which I considered acceptable given that I was offered a…
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A2 EWS1 form and Halifax
Good afternoon all, is there anyone to contact in order to check if the EWS1 form has been signed off by a qualified person? I’m in the situation where I have an A2 EWS1 form but Halifax (well e.surv at this point) stated that the form has been signed by a not qualified person despite approving three mortgages in the same…
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COVID-19 Credit File Marks
Hi all, So here i am for some moral support really during a very stressful mortgage application. We were at the very end of the mortgage application before we were due to receive an offer and then the underwriter decided to stop us in our tracks unfortunately due to late payment marks which were left in error on our credit…
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Standard Variable Rate (vs) Remortage to SVP
I have a question regarding the standard variable rate. I can't trust mortgage advisor these days as they are trying to sell their own products where they get more commission. I have a fixed-term mortgage on a property. I am looking to move on with Variable-rate plan as I am in a position not able to remortgage once in a…
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Should I invest in another property?
Please hope someone can help with my situation: I have a GBP189,000 mortgage which I plan to pay off over the next 10 years through renting out my flat. I also have GBP 100,000 in the bank that I could either pay towards my mortgage or invest it into a brand new build project which will take 12 months to build. Should I…
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Natwest Valuation Timescale?
Just wondering if anyone's had a valuation with Natwest recently and what their timeframe was? Ours has been instructed today but it seems they're much busier than when we had one done a few months back from a previous purchase that fell through.
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Un encumbered property advice
I currently own my home outright but want to buy another property with my partner . I understand you may mortgage the unencumbered property but i just want to know exactly how it works. Say i want 50k for a deposit on a new property - do i have to pay the 50k borrowed as one mortgage payment a month and then the other…
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Joint borrower sole proprietor mortgages, opinions please
I have been looking at joint borrower sole proprietor mortgages, can anyone off any advice on them? What are the financial implications for the joint borrower? Possibly looking at doing this with my brother, he is self employed with his own mortgage on his property. I need to borrow £150,000.....£120,000 left to pay on my…
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Santander Survey Refused as there was Annex in the property .
Hi , I'am a first time buyer , I've applied through a broker for Santander Mortgage , my deposit is 30 % , the property I selected is a three bed terraced house and had Annex with Kitchen and cooker , bank refused in the survey saying there is evidence that the Annex is currently on rent which is not the case . so my…
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Barclays Mortgages : First time buyer and help to buy equity loan
Hi All, We (my wife and I) submitted the mortgage application through an advisor. I am first time buyer at the same time I am applying for the mortgage through help to buy equity loan. The mortgage advisor (MA) submitted the application on 02/10/2020. And we saw Barclays did a hard search on the same day. When we check the…
