-
Notice of Correction slow down mortgage application?
Hi We submitted a mortgage application on 22/01/21, however, we had to re submit yesterday as our AIP had our old address on. Our tenancy ran out in January so me and my partner have moved into each of our parents house just whilst we are buying a house but the AIP was received before this. Now our broker has put in our…
-
Mortgage Overpayments (mortgage term not recalculated)
I contacted my mortgage lender to tell them that I intended to start making overpayments and that I wanted these to reduce my mortgage term instead of reducing my standard monthly mortgage payment. They told me that any overpayments which are less than three times my normal mortgage payment would be automatically applied…
-
pay off in full or leave tiny balance?
Hi, friend is about to pay off his mortgage, but i seem to remember eading somewhere its best to leave a small amount due to fees or deeds or something...?? any information gladly received, thank you.
-
Deeds
I am due to finish my morgage in April and would like to add my wife to the deeds. Do I need to involve a solicitor and what sort of cost would it be, any help would be much appreciated
-
Any tips on my situation please?
Hi All, i currently have a mortgage with the Halifax, its on a 2 year deal with 13 months left to run on that deal and ten years left on the mortgage itself, the property is worth £400K and the outstanding amount is £105K, i have just finished a three month holiday payment term, when i organised this the rep at the Halifax…
-
Fast service from Nationwide
Mortgage application (90% ltv, 2.7x income, direct, not via broker) in last Monday, valuation/HB survey yesterday, mortgage offer this morning! So happy for my daughter and her partner, a lovely 4 bed detached in the area they wanted and a lot closer to us than at the moment, which will make child care easier. I hope the…
-
Helping parent get property
I just got divorced. My mother is buying a house worth 700k. But she's only got 600k from the sale of her old house. I'm going to live with her also. Will she be able to get a mortgage for the additional 100k required? I'm assuming not as she's 65, is there a way I can help out by being a guarantor on the mortgage, I'm…
-
Length of mortgage
Hoping this is a straightforward question... I am 37 and my husband is 48. What is the likely maximum mortgage length we can get? Will it be based on my age or his? If it matters I am the earner so the mortgage will be based on my salary. Obviously the difference between 21 and 32 years for a mortgage is pretty enormous!
-
Advice for a first time buyer
Hi I'm looking for some general advice and maybe a recommendation for a broker , and what I should expect trying to buy. I'm looking to buy a place between 80-90k I hope to have 10k saved up by December, but might have 8k saved by August for a 10% deposit. I have no debts, but have credit cards I rarely use. But 3 years…
-
End of Mortgage term but nowhere near paid
Bit of advice please. Apprehensive about calling Mortgage company and need heads up before taking the plunge. For various reasons we have been on an interest only mortgage. As my husband is 65 next year, I will be 51, the mortgage term will be up but is no where nwar ready for being paid off. What will happen when the time…
-
Mortgage with a 4 year default
Hi there, I’m hoping to apply for a mortgage with a 10% deposit. With our joint salaries we can get up to £215k but only need £124k mortgage so affordability isn’t an issue. Unfortunately I got into some financial difficulties 4 years ago and defaulted on a credit card (£1250) which was paid back in full in 2019 and no…
-
RBS statements
Hi guys, Apologies if this isn't the right place. I'm currently in the process of applying for a mortgage and my broker has requested copies of bank statements etc. and proof of deposit which is no problem. All my other accounts have been fairly straightforward to get statements from, apart from my RBS Instant Saver…
-
Overdraft - mortgage application
Hi Myself and my partner have applied for a mortgage with Barclays. On my partners bank statements she has gone into her overdraft around 9/10 times throughout the month. Not by a lot roughly £40/£50. It gets paid of within 6/7 days as she is paid bi weekly and has two jobs. Will this effect the application? Getting…
-
Mortgage if on a temp contract
I’m looking to remortgage but I’m only on a 12 month contract with my new job and have been there since October 2020. Is their any lenders that will provide me with a new mortgage? I need to remove someone from my mortgage hence the need to remortgage but on my own
-
Bad credit lenders
Hi all. I have a satisfied default for £1700. Registered on my account in 2018 and satisfied February 2020. I have first refusal on a new build plot which is due to be released in the spring. I know that I can get a mortgage from a specialist lender. I will be using help to buy and also putting a 15% deposit down. I have…
-
Exchange on part deposit with Lender asking for proof of deposit
Hi all We are currently applying through Precise Mortgages due to Adverse credit. They have come back today and asked to see proof of deposit. We are buying a new build (Taylor Wimpey) and have an agreement with their legal team to exchange of less than the full amount with the reamining deposit being due before on or…
-
LTV question
hi, it’s been a while so hopefully I’m in the right section. I am coming to the end of a two year fix. Since then some work done has been done on the property 18 months ago. Mainly the loft which is now a unofficial room, storage, bed, central heating so I can be used as a guest room etc. So the question is would it be…
-
Natwest mortgage tracker
Got a text a couple of weeks ago saying that the funds will be paid to my solicitors tomorrow. Checked at the weekend and it showed funds were due to be sent out. Tried to sign in today and it just won’t work?! Is this normal or is there a problem?
-
How long after paying off CC's can you apply for a mortgage?
I recently paid off all of my credit cards - I use one of them for my shopping / fuel etc that I pay off in full every month, will this leave a negative mark against me when applying for a mortgage, or not really?
-
Adding spouse to a Buy To Let mortgage
Hi, morning.I’ve a question regarding a residential buy to let property where I’m looking to add my wife as a joint owner to support with tax planning. From the research I’ve done over the weekend I’m of the understanding that certain actions need to be taken with the mortgage provider, deed updates and form 17 with HMRC.…
