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Self-employed Mortgage Question
Hello! Since January 2020, I have been contracting to an American company, working remotely. Prior to this, I worked in the same industry (web design) for around 13 years, full-time and employed by various UK-based businesses. I recently fell in love with a property, and contacted a mortgage advisor to see if we could port…
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Natwest valuation expiry
I have heard some lenders valuations expire after 3 months. Is this true of Natwest? Does anyone know?
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HSBC mortgage timelines
Hello guys, We are in the process of applying for mortgage with HSBC with 20% (80% LTV). (Applying again.. as our previous house purchase didn't go through so that voided our Nationwide mortgage offer) I can see several threads running for Nationwide, Santander mortgages and none for HSBC So just thought of starting this…
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HSBC decision obtained timeline
Hi, Has anyone had an experience with HSBC online portal updates regarding mortgage timeline. I along with my wife applied on 24th September as FTB at 85% LTV. Had AIP before hand so I knew the figures but still had to go through a 2hrs long appointment with MA over zoom and pretty much wasted. Ended up with 2 applications…
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Aldermore Timescale
I don't know if there's already a related thread, I couldn't find one on here anyways. I'm just wondering if anyone has had a mortgage through Aldermore could enlighten us with their experience and timescales please. Ours currently stands at: 17/9/20 DIP accepted instantly (no referral) 25/9/20 Offer Accepted on property…
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Ageism in mortgage applications
I have recently encountered ageism in some of the large mortgage lenders whereby they are excluding applications from people of a certain age (usually around70/75) or similarly excluding on the basis of :"has to be paid back by" ages. This relates to a secured loan and there risk to the organisation is reduced as the house…
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AIP - hard search
We got an aip from Barclays on the 30/9 and submitted a full application on 1/10 via our broker. I received an email alert from my credit file on the 30/9 to advise that Barclays had completed 2 searches, one soft affordability and one hard search. Is this not unusual for an AIP? I thought they ran a hard search only once…
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Mortgage application- ill health
Hi All, Hope you and yours are keeping well. Apologies, have asked this is another thread. Cut a long story short, past 10 years I’ve not been keeping too well was accepted DIP with Vida and house purchase offer has went through subject to Mortgage application. However I have taken ill, though I have tried to battle…
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HSBC Consent to let due to EWS1 form delay
Hi, we are buying a new house to move to In 4 weeks. I can't sell my current flat as it doesn't have its EWS1 Form, I.e un-mortgagable. atm im told that mid 2021 for that cert. Has anybody had experience of this and applying for consent to let with HSBC or another lender. There is 100k equity, 50k left on mortgage. Would…
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Payment holiday, interest only (?) and future mortgage application
I'm in the last month of a 3 month payment holiday of my Coventry mortgage. With the letter they sent confirming the payment holiday there was a flyer giving other options to a payment holiday, one of which was 'We may be able to temporarily switch you to interest only'. If I just ASK them about this option, will that be…
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Apartment vs Flat
Good evening all, I had a SO flat offered from a housing association. On the offer, they state flat, but when I looked the address up on the council website, as well as on other places, the “flat” is called apartment. the mortgage application is being done with the word flat rather than apartment. Would this be an issues…
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Loughborough mortgage
Anyone else waiting for Loughborough mortgage offer?
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Adverse credit Remortgage
I have 2 charges on my property and I want to consolidate the 2 to lower my outgoings. However because my credit rating is poor as is my wife's no lenders want to touch us with a barge pole. However the longer this goes on the more losing the house 8s becoming a realistic outcome. I've spoken to my current mortgage…
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Remortgage residence as BTL?
Hi everyone, My wife and I currently own a flat in London. We have lived away from it in accommodation paid for by my employer for the last six years. In that time our family has grown and it’s not realistic for us to move back into the property because it’s so small. We also want to move out of London. The property has…
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Clydesdale Bank - Processing Time for Mortgage Applications?
So I'm surrently in the process of trying to move house which so far has been a long and painful process "because coronavirus". It looks like we're getting there except for further back in the chain where our buyer's buyer has waiting on a mortgage decision from Clydesdale for a few weeks. I understand Clydesdale are…
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mortgage offer - name spelt different
received mortgage offer and name is same as passport ( used for id), however realised the middle name is spelt different to my actual birth certificate- do I need to inform them?
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mortgage offer - name spelt different
received mortgage offer and name is same as passport ( used for id), however realised the middle name is spelt different to my actual birth certificate- do I need to inform them?
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Provisional driving license not accepted as ID???
Me and my husband have had an offer accepted on a house and need to apply for a mortgage. Our mortgage broker had said that my husband's photocard provisional driving license is unacceptable as a form of ID for halifax. We were really surprised by this as we thought the photocard provisional license would be fine as ID.…
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Temporary Mortgage
Hi Just after some advice please does anyone know if- we are selling our house at 160k we owe 50k, we have seen a run down project at a auction for 125k-145k my question is would the bank lend me the money as a mortgage for a short period in time while our current house sells, I have a mortgage in principle for 110k, is…
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Incorrect purchase price on offer.
Hi everyone, Finally got my offer in last week after an extremely long 7 weeks, called my solicitor and she looked them over and noticed that the purchase price is incorrect. They've put the valuation price as opposed to the actual purchase price (1k more). My solicitor says that as the actual loan amount is correct, this…
