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Help to buy London
Has anyone here had experience of help to buy London? I am a bit wary of the amounts you’re looking at with help to buy London. In rural areas, the equity loan amount is fairly minimal (maybe around 20k) but in London, it can easily hit 6 figures.
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Paying off debts as part of mortgage offer
Hi everyone Just wondering if anyone knows anything about how this works... As part of our mortgage offer we have to repay certain debts using our savings 'either on or before completion. Our solicitor has had us sign a letter that promises to do this and sent that back to the lender. I asked him how they check this (e.g.…
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Proof of temporary address?
Due to our purchase falling apart the day before exchange we went ahead and completed on our sale and moved in with family. Shortly after we found a new property but our previous purchase had dragged on and interest rates are now much better so we are making a new mortgage application. We planned to keep our addresses at…
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Amended Offer
Hello long time lurker but all seemed to be going well with our offer from Santander up to this point.. we had our initial offer and solicitor was starting work and then our broker said there was a better product with our lender (Santander) which would save us £120 per month. He said a new offer could be out really quickly…
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Accord BTL mortgage need a Guarantor
Does Guarantor compulsory for accord BTL mortgage?
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Mortgage Redemption Issue
I sold my house earlier in the year, and it completed in the middle of last month. I got a bank statement this morning, and it showed that a payment had been taken from the mortgage company, so i phoned up and questioned this with the mortgage company. They told me there is still an outstanding balance on this account.…
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Self Build Mortgage
We were hoping not to have to go down this route but better to be prepared than leave to the last minute. We bought a property which is going to be demolished and have had approval for a 4 bed new build approved by planning. We bought the property for cash and have £200,000.00 in savings to pay towards the build but reckon…
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'Bouyant' Property Market in Scotland and Home Report Undervaluation
Hello all, We have to relocate for work and looking at East Lothian, we've sold in England and are progressing with the sale. The market is extremely charged right now and whilst we have a good amount of cash to help ease the sale of our next place, the market is very quiet. We are being told that 'standard' properties are…
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The mortgage process and when to start....
Hi, I am currently renting and is up for renewal next February. We are looking to buy a house with a move around that time if we are lucky. I have two questions: 1. Is the process buying to: AIP>>find house>>Offer accepted>>Mortgage application?2. We plan to look at houses probably October time. When should we seek to get…
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Being made a director mid mortgage application
So I'm in the middle of applying for a mortgage. When I applied I was manager, and now I am being made director with immediate effect. Does this effect my mortgage application at all? Ie do I need to tell my MA/lender?
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Adverse broker for HTB remortgage from joint to single- complicated case
Hi, i would really appreciate some expert advice from a broker (possibly someone who deals in adverse mortgages/messy situations!!) My situation is quite complex (well i feel like it is!!) I bought a newbuild in April 18 on the HTB for £220k. 44k HTB loan + £25k deposit + £151 mortgage. (Barclays Fixed term for 2, then…
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Credit application before completion
Hi, I need some advice please.I am a first time buyer who has a mortgage offer with accord ready for completion on a new build in September. The offer expires next month so we’ll need to extend this. What documents will they ask for and will they do another credit check? Stupidly, I’ve applied for DFS finance and this has…
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Mortgage finishing but need extension
Hi All, Little disappointed with Nationwide as they know my situation, provided two responses earlier in the year but now at crunch point refuses to accept either. So I am in the current position. Mortgage finishes at end of june with outstanding amount of £27,000 on house value of £200,000. We intend on moving as soon as…
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Exchange and Completion on the same day
Hi, We had found a chain free property in December and agreed a price, got mortgage offers approved so on by the beginning of Feb this year. However, we suddenly learnt in Feb that the seller is not actually chain free and he was looking to by as well. Although not very happy, we waited since then and last week the sellers…
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Small mortgage
I’ve seen a property I want only costs £30,000 I have a £3000 deposit. I also have a ccj that’s 2 years old settled from just over 2 years ago would anyone be able to give me a mortgage. I’m paying a ridiculous amount in rent so just want to move!!
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Re-mortgage on house I own out right
Hello Looking for some advice. I currently own my house outright (early inheritance) - currently worth around 240k. I am wanting to extend the house and looking to take around 60k out of it to do what I need. I am planning to stay in the house for another 10 years at least. We don't want to move as my partner and I love…
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Mortgage with Halifax with historical default
Hi. Just a quick question really. I am putting in my full mortgage application with Halifax tomorrow however I am concerned about a historical default I have with them from 2010. This is obviously no longer on my credit report as it was over a decade ago but I’m just concerned Halifax might have some internal checking that…
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Sub sales and Back to back transaction Mortgage
Hi All, does anyone know or have had experience with Sub sales and Back to back transaction? I am in the process of buying a house that has been owned for less than 6 months, not yet on the land registry but seller will provide transfer deed. I am looking for a morrgage can deposit up to 25%.
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2 mortgages chances or options?
I have 999 credit score earn £45k I have a house £150k value £119k owe costing £350 I now rent this out to a relative sho covers the mortgage. Would I be able to get a second mortgage for a property for myself? What likely mortgage could I get? Or would I need to turn the first mortgage to a buy to let? I either need a…
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Mortgage with “Fair” Experian Score
Hi everyone, I’m 26 years old and feel quite clueless about mortgages so looking for peoples opinions/advice if possible. Me and my partner are desperate to buy a house and have around a 10% deposit (looking at £220-250k and have £25k). I have an Excellent credit score (999) and my partner has a Fair score of 748. He has a…
