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TSB admit to misleading customer
Hi, I was wondering if anyone has ever been told they have been misled by TSB when seeking advice about consent to let? I phoned TSB to ensure I was renting my property above board, to be then told I could not remortgage and would have to go to the variable rate. I questioned why I had not been informed of this when…
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Redundancy requires switch from repayment to interest only but Santander not playing ball
Hi, This is the single biggest stress I have at the moment. Made redundant in August and have a repayment mortgage. Didn't get a good redundancy package so ideally need to switch from repayment to interest only for remaining term (15 months) which would save me circa £1300 a month. Santander refusing to do this and forcing…
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Mortage application taking over 3 months to be approved
Please share your advice and thoughts. My husband and I filed a mortgage application with Santander in mid July via a mortgage broker and still no offer. I was told by my broker that it would be a fairly straightforward process due to the big deposit which represents about 40% of the house price ( our LTV is 59%). Now, a…
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NO CHAIN TURNING INTO A LONG WINDED NIGHTMARE - PULLING MY HAIR OUT!
Hi There, I thought I would post my situation and see if anyone on here with experience personally or professionally could shed some light as I am at my wits end and I don't actually know if what I am being told is correct. So situation is, I am a first time buyer found my dream home back at the beginning of July and the…
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need advice on whether to switch to repayment mortgage
Hi every one, I am hoping to get your help with some advice on my financial situation: - Home owner: Interest Only, loan amount for my mortgage: £125,000, 10 years left before paying the capital - current plan for paying the capital: Pension lump sum, the figures show I can cover £125,000 at the standard retirement age…
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Barclays time to offer
Evening all, My house is being purchased by two people requesting a mortgage From Barclays. Already the process has taken 2 months and nothing yet. Not even a valuation survey (although they may use desktop valuation). Buyers are, let's say, a bit traditional. They went straight with the bank with no intermediary. They…
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Can you transfer a mortgage offer?
Long and short Been approved for a mortgage, sellers solicitors haven't responded to any calls or emails from our solicitors in 8 weeks, their offices are closed due to covid, seller not very helpful in chasing (we are renting the property we are buying currently) Is it a possibility to transfer our mortgage offer…
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Tsb mortgage
Has anyone recently done an application with tsb or waiting for an offer and got a timeline you can share or tell how long you have been waiting? our timeline goes- 19/09 - secure new build plot 22/09 - dip with tsb 23/09 - full application submitted 01/10 - valuation done. MB said they had asked for husbands business…
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Local Land Search
Hi all, We are due to exchange contracts on our new build anytime now. We have ATE from HTB and are waiting for the searches. Environmental and Drainage are done, we are just waiting for the local one. I spoke with the developer today, and they said they could probably (the following is what I think she said...) indemnify…
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Porting 5y Fix Mortgage to Self Build Mortgage
Hi MSE'ers, some advice needed. Bit of background first. My in-laws own a farm and an architect and planning advisor has suggested that they would likely get permission to convert an old stable block into a new house, which my wife and I are considering doing. Although the intention would be to eventually purchase the…
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Getting mortgage with a Fixed Term job
I hope someone can help. I have been offered a job which is fixed term for 2 years, however I will be looking to buying my first home in the next 6 months - 1 year. Is the fact that the job is fixed term going to be a hindrance to me getting a mortgage? I would appreciate if anyone can shed some light on this, many thanks.
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Remortgaging with Poor Credit Score
I seem to be stuck in a loop that is getting me nowhere (except tighter an tighter every month) and yes I appreciate its a nice problem to have: Last Year I bought a house, that needed some renovation - at the time we were renting anyway and I was already renting my old house out. I want(ed) to keep my old house as a…
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Applying with Debt
Hi all, Can someone please provide me with some guidance with the following? I'm a first time buyer and I have £18,000 for a deposit. I currently have £22,000 in debt. I would like to apply for a mortgage which enables me to put an offer on a house as well as pay off my debt. My first question is; is this possible and if…
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Re-mortgage with fiancée
Hello, My current mortgage is due for renewal at the start of the New Year and I’m like some advice if possible. My fiancée and I would like to own the house together. Obviously I’ve got equity in the house from my initial deposit, repayment and value increase. My thoughts are that my fiancée would contribute the…
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Re-applying
We are all completed through the mortgage application process for a new build house which was due to be built end of December. The house build date is now end of January. The paperwork states that the mortgage offer expires mid January and I'm going to assume it's a simple case of just some sort of re-application process.…
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Mortgage Deeds
Hi, I bought my property on my own in 2004. I paid £100k deposit when I bought the property. from 2004 until 2011 i paid the mortgage on my own. I married in 2011 and divorced in 2016. during this time my ex-huband conbtributed mininally towards the mortgage as it was interest only. When we seperated in 2016 i continued to…
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Mortgage Payment Holiday
If I take a 'mortgage payment holiday' and I am on a capital repayment mortgage, will the full monthly payment be added to the outstanding loan amount or only the interest amount of the monthly payment? eg. Current monthly payment £500 consisting of £100 interest and £400 capital repayment. Outstanding mortgage amount of…
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Old Woolwich Mortgage ..ended 1975
Trying to confirm end of old mortgage, Woolwich bought by Barclays in 2000, not really helping, and I do not have the account number.;-{{
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Halifax and Overseas Gifted Deposit Letter
Hello, I wanted to ask advice on how to proceed with our mortgage ? We initially had a mortgage offer approved from Halifax and the valuation was completed with no issues. As part of the mortgage, we are getting a gifted deposit from my parents in Nigeria, Halifax requested that my dad fills in a gifted deposit form,…
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Joint mortgage mess
Hi, My friend has/had a mortgage with an ex. The split some years ago and she has stayed in the house and continued to live in the property and pay the mortgage. On the mortgage they had joint tenants. She recently wanted to sell the house and was in the middle of this with her ex. The ex has now passed away. A week to two…
