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Mortgage and getting a new job
Me and my partner are in the process of buying a house, we have a MIP with Virgin and are applying for the mortgage this week. My partner has just got a new job and we are going to tell our mortgage adviser today. Does anyone know the likelihood of the house falling through due to this as we are extremely worried. Does…
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Right to buy, joint mortgage with non tennant
Hi Folks, Completely new to all this, so bear with me!! So my GF lives with her mum and dad. They live in a council house and have lived there for years. They would qualify for the max discount. Recently we have been discussing the possibility of me and my GF buying it. One of her parents would need to make the application…
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Financial Advisor and Mortgage Broker Negligence - can I claim compensation?
Our mortgage broker made a miscalculation on the affordability assessment on a shared ownership property that will either incur in a mortgage extension of 8 years or an additional £20,000 added to the down payment. This was only mentioned to us after the mortgage was approved by the lender during the completion process, as…
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Nationwide Mortgage Payday Loans
Hi , Does anyone know Nationwide’s policy on historic payday loan use ? Has any one had a successful application with them after taking out payday loans ? Regards D
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Interest-only resi mortgage - endowment issue found?
Hi all, My parents have an interest-only residential mortgage with one of the big banks, and are in their 70s now. There are long-term issues eventually settling the balance without having to sell, but of course the bank will claim 'we warned you of the risks all along'. We've now had the SAR in: we have noticed on the…
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Repossession equity
Hello, I need advice on how to track down the equity from my uncles repossession. He walked away from his life and just left everything and dropped of the radar. He had a small mortgage on his flat which he stopped paying and it was repossessed. From what he told us there was over £30k left and that he had not had it nor…
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Buyer getting amended mortgage offer
Our buyer’s solicitor has said that they are awaiting an amended mortgage offer. I believe they have amended for a lower amount. Any idea how long it might take the bank to issue? Unhelpful I don’t know who their lender is. I asked the estate agent to contact broker and was surprised to learn they didn’t have those details…
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Start survey now or after lender valuation?
Hello My offer on a house has been accepted, can't exchange until Feb so I'm not in a massive rush to get mortgage app sorted right now, but keen to lock in the rates. I've instructed the solicitor to start work, mortgage application I'm hoping to send off tomorrow. My question is, should I get an independent survey done…
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Property address on Mortgage offer incorrect
Hi, So we discovered today that the property address on our mortgage offer is incorrect. This is was definitely our fault. We were originally going to purchase a house across the road from the house we are buying and I totally missed the number difference on the submission (via broker), you could say it was an easy mistake…
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Mortgage interview
Hello A quick question regarding applying for mortgages, mainly more so for the folks that recently applied (or applied during lockdown). How does the mortgage interview go with being in lockdown? I'm assuming an application is put through to the lender, with the supporting documents and then do they call you in a branch/…
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Maximum allowed repayment calculator?
Is there an on-line calculator to work out how much maximum I can pay off each year? Terms say 10% each year but I am not sure if this is on the balance at the beginning or end of the year. I want to increase my payments each month to pay back the maximum i can without penalty.
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FTB with 4 yr old Elevate (Sunny) loan. Any chance of mortgage or straight decline? (Using HTB)
Hi. After a relationship break up i fell on hard times and used Sunny. I paid it off in 2 payments. I also one partial settlement showing on my account. No defaults at all though. Fast forward 4 years and all debts paid, only car lease and normal utilities etc I pay now. Credit scores good although I know this doesn't…
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Halifax valuation timescales
Hi all we applied for a Halifax mortgage on the 5th October and were told on the 6th that it was approved subject to valuation which would be instructed next. As of 9th October the agent hasn’t heard from them. How long does it typically take? Our buyer wants to complete on the 30th October and seller said they can work to…
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Mortgage chain mess up.
Good morning everyone. I shall give you all a bit of a background to our situation. We are home owners joint me and my missus. We planned on moving to a new build, so we attended our local development filled out the paperwork for what they call a movemaker scheme, where they sell your house for you then you can reserve. We…
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Default over 6 years old - Mortgage application with same bank
Hello, I defaulted an account 7 years ago. It’s since been repaid and is no longer showing on my account. I’m about to apply for a mortgage with the same bank, Will this affect me?
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Precise mortgage full application criteria
Hi there, We have a DIP in place with Precise and we are in the process of submitting a full application. However, I have been in my overdraft for the past few months for just over 1k but this gets paid each month after my salary is paid which is usually double the amount of overdraft I am in. I am concerned this will…
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Mortgage miscalculated
Hi
I received a Facebook ad which stated that due to recent changes in the
law, 1 in 3 homeowners have had their mortgages miscalculated. They
continued to state that the average payout was £25,000. I haven't contacted the company, but was wondering if this is genuine? If
so, then is this something which I could do myself…
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Right to Buy AIP DIP Mortgage in principle?
Can any kind person recommend a lender that specialises in Right to Buy mortgages where I will be able to get a DIP online with a 'soft' credit search. I need proof of a DIP so I can apply to buy my council home. Thank you in advance for your help
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Adding other people to a mortgage
Is it fairly easy to add other people's names to your mortgage?
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Removing someone from joint mortgage due to end soon
I have a joint mortgage due to end in Jan. I need to remove the other owners name from the house to ensure no financial claim can be made in the event of death, etc. Should I wait until the mortgage is finished then activate a change of title deed so the house is in my sole name? I have children and want to write my will…
