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FTB/HTB mortgage with CCJ’s
Hi, I’m looking for some advice and hoping someone may have some experience in my scenario. I’m looking to buy my first home next year some time (date flexible on whether I need to put up more than a 12% deposit) with a HTB scheme. I earn £80000 a year before tax, and will be looking at having between 6-12% deposit for a…
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How to qualify for first time buyer
Hi guys, I’m looking for an advice so I currently got a mortgage with my mum. This mortgage will be paid off this month. My question is, if I remove my self from the property can I be qualified as a first time buyer when purchasing a new property with my girlfriend? And if I can do that, where do I start? Will I need to…
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Joint Bank Account
This is probably a silly, but quick question. Me and my partner will be applying for a mortgage in the next week with Nationwide (for the second time - first house fell through!). We would like to open a joint bank account at some point, which we will both contribute to, for all our mortgage and bill payments to come out…
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Aldermore and 118-118 loan
Hi, we are currently in process of a mortgage application with Aldermore. We have DIP and full application was submitted. Has anyone previously had a 118-118 loan and applied to Aldermore? ive contacted 118-118 and Experian and both confirm this isn’t a payday loan.
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Are nationwide doing any extra last minute checks due to covid before releasing funds?
Hi There, I am now at the point where i should be exchanging and completing (fingers crossed) within the next 7 days or so. I am wondering with covid and everything are lenders doing any additional checks before releasing the mortgage funds? I am with nationwide and i have heard they may credit check once more before…
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Am I crazy?
People are saying I am crazy for overpaying they mortgage to the extent I have. My plan is to retire at 50, so I need to save 7 years money, as I cannot get my pension until I am 57. For about 3 years I have been overpaying by about £4K a month. I then remortgaged in order to do some renovations. I also used that…
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Early repayment?... then what?
Hello, I recently (sadly) received inheritance that I could potentially use to pay off my mortgage early - I probably wouldn't have done that a few years ago but having just lost my job and zero interest rates (& threat of negative interest) - it seems like a sensible thing to do. There is early repayment charge, but this…
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Mortgage/Loan possibilities with a CCJ
Hi, Looking for advice, I’m feeling that my situation is impossible . After leaving a very bad personal relationship I moved in with my brother, he’s happy for me to stay here for the time being I pay him what I know is a very low rent. Our mother has lived in the same LA rented property for 60 years and so, in order for…
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90% LTV Products
Hi guys, My partner & I have saved a deposit of just over 10% of a property for an agreed price of 540k, Unfortunately, the best deal we can find (having spoken to ~10 brokers) is a ~3.59 fixed for 5 years. I'm sure many people are in this boat and I just wondered what the consensus is on this type of product? I guess it…
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Change solicitor after mortgage offer received?
I just received my mortgage offer, good news! But the solicitor I use, in the mean time has moved firms to another company. Is it a big hassle/delay to sort this out or fairly straight forward? From my research online it seems rather than amending the solicitor details the mortgage company have to issue a whole new offer.…
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Mortgage renegotiation
Hi all, I am a first time buyer and had a 2 year fixed rate with 2.42% interest until the end of November 2020. I am looking to find a new fixed rate and the rate for my current provider was 1.55 fixed until 2024 however the rates have now gone up to 1.94% interest rate for the same period.What I can’t seem to work out is…
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Releasing Equity - Right to Acquire
I purchased my housing association home 18 months ago for £70,000. I received a £9000 discount through Right to Acquire (Not to be confused with Right to Buy) - In this period I cannot sell the house within 5 years - Which I do not intend to do! The pre-exemption period states that I have to pay all or part of the discount…
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Mortgage statements
I have recently paid off my morgage in full. Do i still need to keep all my mortgage statements now this is done?
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Porting a mortgage
Hello! Hopefully this is actually really straightforward and somebody round here can help clear this up :D So we have a mortgage (5 year fixed 2.89% - 2 years left) house was £155k when bought @ 90%LTV - £125K still left on mortgage (Hopefully the house will sell for (at least) £165K) If we move and port the mortgage we…
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First payment holiday counting against me
I recently applied for a mortgage with the Nationwide Building Society. As an existing mortgage customer I didn’t expect it to be so hard. Having just gone through a very painful divorce taking over two years to complete, I was hoping to turn a new leaf and set up a new home with a fresh start. I was surprised to find that…
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15 per cent deposit
DD and partner have been told by advisor they will only get max £102k mortgage with a deposit of £18k i.e. 15 percent even though they have joint income of £80k. He is first time buyer she isn't. Is this correct and are any lenders offering more? All changed from when I had a mortgage and it was based on multiples of…
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Mortgage Withdrawn due to temporary reduction in wage???
We were hoping to sell our house and move this week or next .... but it’s fallen through. Does anybody know if a mortgage lender can accept a Pre-approved mortgage application, take money off the applicant for “valuation fees”, and at the last minute refuse to offer the mortgage because wages have been temporarily reduced…
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Mortgage provider or broker for FTC
Having been made redundant end of July, I'm now due to start a 12 month FTC in November (I'm currently working a 4-week contract this month). The line of work is the same I've been doing previously. I've heard Halifax is good for FTC's, but would like to know which other lender is. (I've asked the broker I've used…
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How long does it take for Solicitor to receive their copy of mortgage offer
This is getting silly now....After waiting nearly 12 weeks for my (straight forward as they come) mortgage offer, I was notified by Mortgage Advisor on 9th October it was going to offer. On 13th October she e-mailed me a digital copy, on 14th October, a physical copy arrived. That night I e-mailed my solicitor to let her…
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Interest only Mortgage
I have been paying Intrest only for over 8 years at a very high rate and because my apartment is in negative equity I can't change my lender ...... I am paying £700 interest only on a £123,000 Apartment market value at the moment about £89,000 .......Surly with the interest being so low there is something I can do or do I…
