-
How to avoid final interest only payment on mortgage prior to sale
My house went sale agreed back at the end of July and it has taken until now to progress the sale to near completion. Prior to this it was rented out and so, since July I have had to cover the interest only mortgage payments myself. It seems that the sale could complete within the next 2 weeks, all that is required now is…
-
Vida mortgage
Does anyone have any success story’s from Vida homeloans, I’m currently waiting to hear on an application that was submitted almost a month ago, in the meantime I’ve been reading reviews and I’m starting to get very worried about if I will even get my mortgage accepted. To make matters worse I’ve reserved a new build…
-
Halifax Mortgage Application
Hi all, just wondering if anyone could advise. We applied for a Halifax mortgage through a broker two weeks ago and the home buyer survey/valuation was booked in a few days later. That took place on Monday and the house was valued slightly less. My broker got an email saying ‘unable to offer as cannot meet illustration’ or…
-
What does ‘gone to Offer mean’
Hi guys our MB said our mortgage has ‘gone to offer’ what does this actually mean? Does it mean we’ve done everything we need now and we will definitely get an offer?
-
Do solicitors request funds before exchanging?
If so what happens to the money if the sale falls through before contracts are signed?
-
Do I have to pay stamp duty if I am buying into my husbands property?
Hi - My husband and I owned a property each before we got married , and when we moved house in Feb 2019 I didn't get put on the new property due to the fact I already owned a property (that I rented out) and didn't want to get caught out on tax for a second home. Subsequently we married in May 2019, and I have now sold my…
-
Losing Job After Mortgage Approval
Hi, I have just found out that my job is at risk following the company I work for coming into financial difficulties. I have just completed a mortgage application and exchanged contracts for a new-build house that we are due to move into in March 2021. If I lose my job, will this effect the mortgage at all as we have…
-
Joint mortgage - transfer of equity
My daughter has a joint mortgage with her ex-boyfriend. To enable her to move on and buy her own flat under 'help to buy' can she transfer the equity to me and I will continue to the joint ownership and mortgage payments with her ex? (It's an amicable break-up)
-
NatWest survey/valuation
Hi, I've accepted an offer on my property and the purchaser is obtaining a mortgage through NatWest. I've not heard anything regarding a valuation/survey despite accepting the offer 3 weeks ago now. Is there a delay with valuations etc? Thanks 😊
-
Halifax desktop valuation timeframe to offer
Hi all, My valuation is tomorrow and it is taking place via a desktop valuation. Does anyone have experience on how long it takes for the report to go back to Halifax and how long it generally is between valuation and offer?
-
Vida and Kensington changes Of criteria
In September we managed to get a DIP with Vida, we struggled to sell our house so we haven’t put a proper application in yet. It is also on HTB, I now have seen the criteria with Vida have now changed today probably due to lockdown. So we went to Kensington to see if we could get a DIP as I looked online and saw we fit the…
-
Do you get to see mortgage valuation result?
As title suggests. Do you get to see the mortgage valuation result?
-
Santander - nightmare
Hi. So we're having a bit of a mare with Santander and could use some advice. Applied for a mortgage via a branch mortgage advisor (via telephone) a few months back. We now to amend our mortgage offer and its proving quite difficult. Our branch mortgage advisor is no longer in the role so I've rang the mortgage centre who…
-
Reducing mortgage term
Hi, I'm yet to exchange but in my mortgage offer it says there is a £35 fee to reduce or extend the term of the mortgage. In this case, if I were to overpay £25 each month and knock off say 2 years from the term if I did this every month, would I receive a £35 fee each month?
-
Bridging Loan
Can anyone recommend a broker specialising in bridging loans?Does anyone have experience of kisbridgingloans.co.uk? Many thanks
-
Had mortgage offer, will be part furloughed...what happens now
Lender is platform. They will lend me 82000, I will put a 53000 deposit for a 135000 valued flat.I applied Via broker while part furloughed Through July. I had to send a return to work letter stating the date of return to full time work (September) and my salary (17004 basic with 1600 a year overtime, overtime wasn’t…
-
Put extra money needed towards deposit on the mortgage?
Hi all, So my question is around extra money needed towards a 15% deposit towards a mortgage for a house purchase. As an example let's say we have 214000 left on our current mortgage. We sell this house for 280000. This means we have 66000 in equity. So far so good. Now let's imagine we would like a 15% deposit for our…
-
Halifax mortgage delayed
Hi, Our mortgage went to underwriter initially and they reduced our affordability. October 23rd valuation was done and still waiting for reply from Halifax for mortgage approval. We called last week and they said it was with underwriter and only they can approve. 6 working days gone since valuation. Still mortgage not…
-
Completion with HTB
Hi guys, Our developer just messaged us that conpletion will now be on the 20th (previously 13th), the problem is our mortgage will end on the 21st!!! I am so mad right now that i just want to cry!!! They did our NHBC last Friday but they can’t give the notice to complete yet to our solicitors because they said they are…
-
Remortgage disputing the flat position?
I'm currently sorting out a remortgage and my broker found Atom Bank as the best deal. During the remortgage process, Atom are querying the flat position. In their email, they have said "The property is described in the Legal Title as being the right hand house on the top or third floor above the ground floor of the…
