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Mortgage whilst furloughed
Has anyone had any recent experiences of going through the mortgage process whilst on Furlough? I returned to work back in June and started the process with Halifax as a sole FTB buyer and a 15% deposit, back in October. I then found out I was being furloughed again for the lockdown until 2/12 so Halifax withdrew their…
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Mortgage lender requesting more info following notification of indemnities
So I'm 4 mths into a chain free purchase. My solicitor requested the seller pay for 3 indemnities, for mines and minerals (don't know much about that), sewers and lack of planning permission/building regs. The solicitor notified Nationwide 3 weeks ago and they've now replied wanting photos of the extension, plus written…
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Odds of getting approved for a mortgage?
Hi There :) I'm 21 at the moment and looking to buy a house in the 120k region, in around 4 years time. Would have around 75k deposit saved by that time. Not currently working in an employed position, just saving as much as I can from student grants and got a few other informal bits of work but nothing much. Anyway, hoping…
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Interest only mortgage BTL
hi all about to start a BTL mortgage. I want to also make some overpayments to this so the LTV ratio is higher when its next up for renewal in 5 years time. If i start making monthly overpayments now, will the interest payments go down i assume each month (assuming 25 year term stays the same?) thanks - any advice and…
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DIP/Mortgage Application Question
Hi there, On Thursday I submitted my mortgage application to Barclays via a MB. Before that the DIP was approved on Monday and they did a hard search on my credit score. Will they now do another hard search for the application or will they just go with the hard search they did for the DIP? Thanks
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When to obtain decision in principle.
My wife and I are looking to move to a new build in a development we have recently been to view. Unfortunately our situation is quite complex and I was hoping for some advice on a few things. Firstly, I have adverse credit from my student days to the tune of 6 defaults amounting to just over £10k. They are all just over 4…
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Any reason NOT to pay towards mortgage?
My fixed rate mortgage finished in July and I went onto Halifax's svr which is 3% or something. I didn't take another fixed rate because I planned to pay it off within a year with some inheritance due to me and the early repayment fee would have been far more than the extra interest on svr. However, we have now decided to…
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Buyers pulled out after mortgage valuation
Hi all, I had a surveying company carry out a mortgage valuation at my property for the lender. The guy seemed to have an agenda from the very beginning. I felt like I was being interrogated when he spoke to me, asking me detailed questions about insurance claims which I was not prepared for as mortgage valuations are just…
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Offer issued - when will we receive our copy?
FTB here. We received a text from Santander (late) Wednesday afternoon that they issued our mortgage offer. We have been emailed a copy of the offer from our broker, which is watermarked intermediary copy, but when can we expect a copy of our own? Will this typically be posted, together with instructions of how to accept…
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Interest only overpayment question
Hi, I'm hoping someone can help clarify an interest only question. I've been looking at getting an interest only mortgage, to replace my repayment mortgage. The reason for this is that might job might not be safe in the near future so my plan is to switch to interest only as I'm currently on SVR. My plan was to keep paying…
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Advice on mortgage
I would be grateful for advice on the following: * I have completed on the sale of my house and am in the process of purchasing another (currently living with relatives). My lender has agreed to port my old rate and refund my ERC provided I complete my purchase within 6 months of the sale. * The ported rate is comparable…
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property was down valued - what to do?
Hi, Sorry if this is a stupid question, I am a first-time buyer and don't have much knowledge when it comes to valuations. I had an offer accepted for a £130k 2-bed semi and I had a £19.5k deposit (85% LTV). I got an e-mail from my lender today saying that the property was valued at £125k which now meant that the LTV was…
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Mortgage with Universal Credit
Hi my friend has recently separated from her partner who was main earner in the relationship. From the sale of the family home she will has a sizeable deposit for a new property (which she has put an offer in on) and would require a 45% mortgage. She currently works part time and has recently applied for universal credit…
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Barclays Employer References
Hi does anyone have an idea of when in the approval process Barclays requests an employer reference? Our application was submitted 2 weeks ago (via broker) and our MB assured us it was close to being approved (and that the desktop valuation had been completed). Then tomorrow they suddenly requested employment references in…
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Partner Contributing to Mortgage
Hi all, Hoping to get some thoughts on my situation. I have a mortgage on my property and have thus far paid off a significant amount of it. My long term girlfriend and I have been discussing her moving in permanently and contributing towards to the mortgage. We want to be sensible about the situation and have discussed…
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Have been offered dream job but applying in Feb 2021
For a new mortgage as a first time buyer. Any idea who will lend to me please ?
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Additional borrowing followed by consent to let...
Does anyone have any experience of applying for additional borrowing against a current property, to raise deposit for a 2nd home, and then applying immediately for a consent to let. Especially with natwest. Has anyone done this successfully, was there a time limit on how quickly you could apply for the CTL. We've been…
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Lettign current property and moving to a new house
I know it is very difficult and much harder to profit on these days but I am looking into the possibility or renting my current house out and moving to another property (which we were looking at buying and selling anyway), the extra complication is we have a fix mortgage with HSBC which doesnt run out until October next…
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Mortgage offer extension
My offer runs out in January. We had agreed to purchase a half share of a property, I am about to inherit the other (other party has been difficult with probate but it’s underway now) but they have now decided they aren’t in a good place mentally to deal with legal matters, ie the house and to collect their belongings.…
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Help with moving home poor credit score
Hi. I'm after some advice. We are looking to downsize, partly to pay off debt. We have no missed payments or adverse credit history at all, however my score is poor because of the amount I owe. Some figures. I have 11 credit cards with a total of £36k outstanding. No missed payments. I have 1 personal loan with £15k…
