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Mortgage Works - BUY TO LET????
First time doing a BTL with Mortgage Works (nationwide), submitted full application for a BTL that has a 7% yield. 100k property, have extremely good credit profile 999, however I am always in my overdraft which helps me save. I do have the deposit? If the underwriter requests bank statements, will it matter if I am always…
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Savings in an Offset Mortgage
Hi, I have a quick question regarding an Offset Mortgage. I want to get a small mortgage of approx £40000 and have the enough savings available to match the mortgage in full so it will be a 40k mortgage plus 40k placed in the offset savings account to cancel out the interest. I was thinking of an Offset Mortgage rather…
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If I inherit a Holiday Lodge does that now stop me from being a first time buyer?
I jointly inherited a holiday lodge with my two brothers, the lodge is currently in the name of my late aunts estate and is being sold, so my question is does that stop me from being considered a first time buyer now?
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Mortgage on a discounted new build - LTV
Hi All, We are currently looking to move home to a new build. The builder (Bellway) have discounted it by 20k and I was wondering if anyone had experience of applying for a mortgage using the higher home value rather than the discounted price. My reason for asking as it would move us from 80% mortgage LTV to a 75% and…
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Mortgage approved - rentcharge
Good afternoon, I am in the process of buying my own home with my partner for the first time we got told by the current owner that the property is lease hold with a ground rent of £18pa we have had our mortgage approved with this information and all the searches & surveys etc have come back good We enquired with the…
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Mortgage product transfer and cancer
HiDoes anyone know if your mortgage lender need to know about your cancer diagnosis and being off sick when you are doing a product transfer with the same lender. It is only a small mortgage. And the repayments will still be being made and you still have a job and you are going back to work in a few months. Many thanks
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Halifax switch rate
Hi all, I have a mortgage with Halifax since December on a three years fixed rate (3.15% rate). I bought a shared ownership flat in London and the value of the flat has gone up of £60,000, which means that if I were to switch rate on my mortgage I would be saving £100 a month in interest roughly. I have asked Halifax back…
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FTB - Confused Regarding Identifying Lender and when to contact conveyancer
Hi all, I'm a first time buyer and had an offer accepted on a house today! I have an agreement in principle through London and Country mortgage brokers, which I am using with proof of deposit to substantiate my offer. I am, however, a little confused on the next steps involved in terms of selecting a lender and choosing a…
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Never had an account with Barclays but now received text about mortgage fund??
Hi, I received a text from "Barclays" saying: "We released your mortgage funds on xxxxxx. For more details search Barclays Track It and use your Online Banking details or xxxxxxxxxx and your postcode." (Numbers replaced by x to keep anonymity). The thing is, I've never had any banking relationship with Barclays. I checked…
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TSB mortgage
Hi, Does anyone have any experience with TSB mortgages? I'm looking to remortgage. Currently with NatWest and my 2.23% fixed rate ends September 2021. Habito have come up with NatWest 1.30% with a 995 fee as my best offer (NatWest will only offer me 1.39% with 995 fee direct, this is checking online and calling them to…
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Gifted deposit - reasonable request?
Hi, Hoping someone can provide me with some advice and assurance in my current situation. I am currently in the process of remortgaging my property to raise capital for an investment property. The deposit for the investment property will be £200k and I am able to raise a maximum of £175k from remortgaging. I will be…
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Finally had our offer
Hi all, been following this thread for ages! We made our full application on April 1st and finally had our offer today! Keep the faith, it does happen in the end ☺️
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Help to Buy ISA
Would someone on here be able clarify what happens with the bonus as I'm seeing conflicting information about and it’s confusing me! My situation Buying house for £175k with a 5% deposit so £8,750.00. So mortgage amount is £166,250.00 I have about £5k in a Help to Buy ISA going towards the deposit so the 25% bonus would be…
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Unreasonable timeframe for mortgage offer?
Are there any guidelines around the time frames banks should work to for a mortgage offer? We're currently porting our mortgage and facing huge delays. It took 5 weeks to recieve an accurate mortgage illustration due to their error. Application was recieved 8 weeks ago... Valuation was completed 7 weeks ago with no issues…
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Get ex partner off mortgage without consent
We moved into our house about 4 months ago with a new mortgage as joint owners. She has not paid any of the mortgage payments. I continue to pay the full amounts each month. She has lived away from the property for a while. Can I get her removed from the mortgage without her consent, due to her non payment. As above I can…
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Ownership and legalities
Hi all im hoping someone can help with my question. I have recently separated from my ex whom I have a joint mortgage with. I retained ownership of the house and have legal agreement to confirm this, however due to covid I have been unable to remove him from the mortgage or deeds which was fine. Now he says he applying for…
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Seiss Mortgage
Morning, can anyone please offer some advice. I have seen a lot of posts stating that I will not be accepted for a mortgage if I have received the last Seiss payment. Is this the case and will it make a difference to my mortgage application being accepted if I return the Seiss grant.
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When to take the additional loan?
Hi, I'm hoping someone can give me some advice. We're looking to put a downstairs extension on our property. We've had the drawings from the architect and submitted to building regs - all fine. We've booked in the builder but he can't get us in until September 2022. We want to borrow £55k which after going through the…
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Halifax mortgage declined - Appeal chances?
Hi, hoping for some advice/similar experiences and outcomes. background: Purchased house 9 years ago in husbands name only - with 40% shared equity loan. looking to take out new mortgage with same lender (Halifax) and: 1. Add my name to mortgage 2. Take more to pay off shared equity stake 3. Take additional funds for home…
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Selling advice needed please
I bought my house in April on a mortgage with Santander, I'm locked into 5 year fixed rate with an exit fee of £12k. I've decided the area isn't what I thought it was and looking to sell and port my mortgage to another property in a different. I'm not looking to borrow more, I simply want to move to another property in…
