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3rd SEISS grant and mortgage application
Hello, Me and my partner are just about ready to buy our first house but only have 10% deposit, we know we need 15%. My partner is self-employed and has a partnership business that has been running fine and has good business bank statements for 3 months which show it is back up and running as normal. He is entitled to take…
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help to buy schemes using more then one at a time
good afternoon.was wondering if i could get a definite answer whether you can use multiple help to buy schemes at one time. ive tried googling but cant find the answer. we may be able to get the Halifax family boost account (pre covid) but can we use that with say the part buy scheme or anything else. we arent looking for…
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New build warranty - mortgage acceptance
Hi all, I originally posted this in the housing section but was advised to re-post it here. I'm a bit stuck on the below issue and not really sure where to turn, any help would be greatly appreciated. I'm about to start building a house and have compared various warranty providers. I've narrowed my choices down from 12 to…
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First Time Buyer
Trying to narrow the search options as I am a first-time buyer seeking mortgage options. Salary just under £30,000. Need to buy (any type of property) within commuting distance of Camden Town. Parents retired but in receipt of generous private pensions. Bank of Mum and Dad offering up to £50,000. What kind of mortgage is…
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Endowment Attached To Old Lender
I have a Prudential endowment attached to the Derbyshire Building Society (lender of my first mortgage). This mortgage was redeemed 20 years ago, but for some reason the attachment was not removed from the endownment. Prudential will not transfer the endowment funds to me until the attachment is removed and say I need a…
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Buyout advice
Hi all. So my partner has a shared house with her ex ( shared mortgage). He is keen to sell the property to get his money back. Now i know my partner can do a buyout. But we are wanting to do this together in terms of affordability. Would this be then a remortgage under both our names? Most advice online just points to…
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Recieved mortgage offer - drawdown of funds
Might seem a daft question but recieved a mortgage offer today and it talks of assumption that the drawdown of funds will be today. Is that normal, standard wording? "This Offer and Mortgage Illustration are prepared on the assumption that the loan will be drawn down on 09/11/2020." We are still waiting on searches and…
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Natwest Legal&General Valuation Survey woes
We are in desperate need of advice with a Natwest mortgage application that is all but complete, just pending the valuation survey. This has been the status since mid-September and we have had numerous updates to suggest the survey has been done but the surveyor has yet to sign it off formally eg not just verbally. We are…
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EWS1 form
My girlfriend and I are currently in the process of buying our first property , we have received an offer from NatWest on the 17th September 2020 . We thought we were close to exchanging this week however on 2nd glance NatWest valuers realised that our EWS1 form was signed off by a “unqualified” RICS individual, Despite…
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Buy to let or sell?
DD has had her current property valued and it has dropped in value over the two years she's owned it. She now has only 6% equity in it and it is likely to stick on the sales market here at the moment. I am wondering if it's a good idea for us to lend her the amount she would get back in equity which would allow her to move…
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Using equity release as contribution towards Care
Am wondering if legally one can release equity against a property to enable them to pay the contribution to the local authority for their care at home
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Endowment policy
I took out an endowment insurance policy in 1983 with Pearl Insurance on the Isle of Wight how do I find out what happened to this policy?
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L&C case tracker
Good morning everyone. I had a full offer from Halifax in July, but due to cladding issues, I changed property and Halifax has reassessed my application and re-issued the offer last Thursday with the amended property address. my question is, did anyone have issues with L&C updating the case tracker? My solicitor has…
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Halifax AIP & default
Hi all, Found a house we like for £275,000, looking for mortgage 85% LTV. Partner has default from Jan 2018, satisfied March 2018. For £1400. I earn 27500, he earns 27000. Halifax have granted us an AIP... but I am suspicious given the default. Any mortgage advisors know how likely it would to go through given the AIP…
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All
Thanks guys
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Remortgaging for extension query
We are hoping to do a 2 storey rear extension on our home and are looking to remortgage And ask for additional funds to fund it. We would probably need to ask for around 32k. We have about 28k in savings we were going to use to start the process whilst the application was being processed (a little risky I know, but we’re…
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Original proof of ID - nervous to send
Hey all I am going through the documents gathering stage with Accord and going through L&C. They have requested I send to them original copies of my ID and 2 x Proof of address. Due to bills now being digital it means my only 2 proof of address is my driving license and a council tax bill which leaves my passport as ID. I…
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And people
Stressful.
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Mortgage to buy land
Hi all, does anyone have a recommendation on who to use or how to go about getting a mortgage to buy land? Not to build a house on it’s just an agricultural 6acre plot.
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Anyone ever had HTB refused as Developer didn’t have funding forecasted?
Hi All anyone ever had their HTB refused as the developer hasn’t had their development forecasted yet? If so did they get it resolved easily? thanks
