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Property valued lower than offer price
Hello In January I put an offer on a property as a FTB. Property was listed for 300k after doing bit of research and asking friends and family we thought it was a fair price for the property in that area. So I put in an offer for the asking price of 300k and my offer was accepted. Had our valuation carried out and property…
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New Build Mortgage 10% deposit?
Considering a New Build but with a little googling I am reading that the majority of lenders only offer 15% LTV and what I have is more like 12%. Are there any lenders out there offering a 10% mortgage on New Build properties? I was made aware of one by a broker but they wouldn’t tell me the name. He did say however that…
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Mortgage rate change
HeyMy 2 year fixed rate with TSB is ending and im looking to sign up to another 2 year deal with TSB. Due to current circumstances I have to do this online, does anyone know how it works and what documentation I need etc. I ask here because it's hard getting through to TSB at the moment. Many thanks
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Transfer of deeds... I am still entitled to the PPI
Hi, when I divorced my husband I signed over the deeds to the house to him without taking anything for myself. The mortgages that we had were always in joint names. I now have no documentation as everything was left with him at the property. If he claimed PPI on a mortgage that had been in both our names can I claim half…
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Getting a mortgage for house in Republic of Ireland?
Since lockdown, I am pretty much working from home all the time and don't envisage this ending when we come out of lockdown. This affords me a great flexibility on where I live. Having had a few holidays in the Republic of Ireland, I very much like the place. I am also struck by how reasonable the prices of rural property…
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How to release equity for second home
Good morning, I found your website online and it offered free mortgage advice so I was inclined to get in touch. I am looking to buy my next home with my husband and just exploring options online at the moment so I just wanted to know if I am correct in thinking the following: Our home is valued at £235,000 We bought it…
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Same day Exchange & Completion
Hi Everyone, I have seen various posts which suggest same day exchange and completion is risky. For my situation, i cant help but think it is the least risky option, so much so i am hesitant to go ahead with the transaction unless exchange and completion happens on the same day. I am a first time buyer, hoping to purchase…
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Have I messed up?
Mortgage broker has gone awol. My bank, natwest, rang me over something else and to cut a long story short ended up doing a dip. The guy did it for less than needed as I asked him to do calculations on two different amounts. 100k or 80k. He emailed me the dip of 80k. Someone has now said not to to another dip for a while…
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Home with mortgage and second house
We have a home worth £135000 ish and a mortgage on it for 90000 with 20 years left. We’ve inherited a home worth about £140000. Question is if we were to keep the second house to rent out would we be able to increase /add on another £60000 so we could do some diy etc if so how and where we borrow it on ? secondly we are…
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Mortgage Switch Rates (Nationwide)
Hi all, We're currently on a tracker mortgage with Nationwide (1.49% + BOE Base Rate so currently 1.59%) with 12 months left to go. LTV has just dipped under 75%. Nationwide Property Value: £293,215 Mortgage outstanding: £219,706 Monthly payment: £910.45 Term: 24 years, 3 months. Having a quick look at Nationwide's…
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Remortgaging - do they do the same checks as when you first got the mortgage?
Hi, Remortgaging - do they do the same checks as when you first got the mortgage? Credit checks, Income checks, etc? or can you just go to your mortgage provider and say can you put me on so-and-so mortgage for the next 5 years without all the checks? Basically I am asking if say you were unemployed when your mortgage term…
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Two mortgages - help!
HiI split from my partner a few years ago but she and the children continue to live in the house with the mortgage in both our names. She couldn't afford it on her own salary and I don't want to uproot the kids so they are there for the long haul. I now find myself in a new relationship and wonder how easy would it be to…
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Loan to Income Ratio - Advice
Hi, as a general rule, what are the chances of getting a LTI mortgage beyond x4.5? I read lenders are restricted by the FCA to no more than 15% of all loans above that rate - is it really that black and white? I also read that Platform offer x4.85 as standard - is that correct? And, if so, how can they given the 15%…
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Is it easy and cheaper to sell a house to a relative?
My son in the process of buying his first home and me and my husband (not his father) we have always talked about moving but never got around to it, has my son grew up in this house he is interested in his family home. The house is worth around £85000 and wondering if we would save money if we sold the house to my son for…
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Affect of short period renting between mortgages?
Hi, would appreciate people's opinions on the following scenario: My wife and I are hoping to move house later this year. In order to reduce the stress of being in the middle of a chain and ensure we don't feel under pressure to find a property to buy we were considering planning to move into rented when we sell our house…
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At What Point...
Presuming that everything is accepted and the deal goes through, at what stage does the lender take the deposit from the buyers account? Another thing: I was told by the conveyancer that they require some funds up front to carry out some of the work, and the rest of their fees need to be transferred on completion? I was…
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I'm overpaying a large lumpsum - how to then fairly split the remaining mortgage between me & hubby?
I had been saving money for another project but that is not going to pan out so I now want to use it to overpay on my mortgage, held with my husband. We pay the mortgage 50:50. We still owe £195,000, so that's £97,500 each (rounding off the numbers a little to make it more straightforward). My overpayment would reduce my…
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When do I need proof of deposit?
I’m currently looking at buying a house, considering talking to a mortgage advisor however my deposit is coming from inheritance which has no come through yet. It should be within the next 4 months. Is there any point speaking to a mortgage advisor and getting the ball rolling before I have the deposit money? Also, how…
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Moved
My son in the process of buying his first home and me and my husband (not his father) we have always talked about moving but never got around to it, has my son grew up in this house he is interested in his family home. The house is worth around £85000 and wondering if we would save money if we sold the house to my son for…
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Santander Asked Me
How I would make mortgage repayments if the company I worked for made me retire early. I am only 31 years of age and I asked for a 25 year mortgage term. I told them I would take out health insurance, although I considered myself employable and it was unlikely that I would be forced into retirement. Will they make the…
