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Help - NatWest zero valuation until £1500 worth of works done.. best routes forward?
Hi everyone, Any advice would be appreciated here. We have been in the process of applying for a mortgage, via L&C, through NatWest. We appear to have passed all their financial checks but the valuation came back and triggered them to ask us to organise a specialist damp and timber survey. We did this - it recommended a…
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I think I’m trapped in a mortgage
Hi all, I have a joint mortgage with an ex who now solely lives in the house we took the mortgage on. I am looking to exit this mortgage but I do not see any way to accomplish this. My ex cannot buy me out as she will not meet the affordability criteria to shoulder the remainder of the mortgage alone and she has refused to…
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Almost there!
Got all excited when I saw how quick some of the applications were going though - and now I’m getting restless because it’s been a whole 24 hours after valuation 😂😂 Application submitted 28/2 soft search 28/2 Valuation booked email 1/3 Valuation carried out 7/3 now just waiting for valuation report and hopefully won’t be…
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Help with Gifted Deposit
Hi all, Me and my partner have just officially started the house buying process using the HTB Equity Loan scheme. My partner has managed to save up a lot of money over the last few years and has also received a generous gift from her aunt around 8 months ago to put towards a deposit. As we are getting all our paperwork…
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landlord property in wales
hello , have inherited 2 flats in wales above an empty shop, still waiing for probate to be granted. the properties will be sold once probate is granted. * can i give the tenants notice now? * can i tell them that the intention is to give them notice once probate is granted? thus giving them longer to find somewhere else.…
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Down-valuation
I need some advice on how to tackle the issue of the down valuation of the property by a lender. Recently I've applied for a mortgage at Santander (new build), but a valuer down-valued the property from 298 K to 255 K (-43 K which is an equivalent of 15 % less than the price I was offered). Of course, at this stage, I…
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Early repayment fee
Hi all im buying a new build off plan which isn’t due to be complete until November/December. I currently have a fixed term mortgage with 2 years left on a property I have sold stc with HSBC. This will likely be completed within the next month I have had my mortgage offer and request to port my mortgage to the new build…
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Nationwide Mortgages
Dip accepted. Full application completed. Paid for the survey and the mortgage offer has gone to the underwriters. Do they ask for bank statements anymore? I'm confused as to which part of the process they do this? Is that an old thing now - or will they ask further down the line?
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Kensington mortgage advice needed
We have sold our house and have around 50k equity unfortunately I have 2 CCJs older than 3 years all other payments are up to date, not missed a payment for over 3 years combined income is 62k and we plan to put down 15% deposit down on the next house purchase we have a DIP with Kensington agreed, but now we have sold the…
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Please help with ditch my fix calculations
Current mortgage approx 105000 BTL interest only I over pay 10 % each year and can next overpay in April 2022 10500 2.44 % 5 year fixed ends April 2023 Then goes up to 4.24 % variable as of 30 April 2022 ERC is 1% option to fix for 5 years with current lender NatWest 999 fee 2.0 % no fee 2.33 % I think I might be…
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Remortgage Help
Hi I have decided or at least strongly thinking about remortgaging without a broker this time round and just wonded if someone can answer a few questions. - is it a wise move to do? Or would a broker be safer? - has anyone heard of Furness Building anxiety and had any experience with these mortgages? - when entering in…
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HELP!
I have recently tried to re-mortgage a property i own that my mother lives in i rent it out to her. I own the house owing £118k and worth £160k i am on interest only paying £350 pm. The deal follows the Libor i got a letter 6 months ago asking if i wanted to revert to the bank of england tracker at 3.4% above base or stick…
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Mortage offer extension
Hi there I just have a question over the normal procedure of a mortgage offer extension. Our chain has been a bit tricky and bumpy then we anticipated (or was lead to believe) but we finally have a completion date, unfortunately it is 2 weeks after our offer runs out. What would be the normal procedure to get an extension?…
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NatWest mortgage application
Hi guys, I’ve lurked for a very long time but this is my first post. In a nutshell, husband and I have put in a mortgage application with NatWest via our broker, we are FTBs and have applied for their 95% LTV government backed FTB mortgage. We have a very good household income but I am carrying some personal loan debt. By…
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Remortgage legal fees - what is typical?
I am looking to remortgage from HSBC to Nationwide. With the remortgage my ex's name will be removed from the deeds. Nationwide offer fee legal fees (up to £500) and I know I will have to pay extra for the transfer of the deeds into my name only. Out of curiosity I asked a local conveyancing firm for a quote to do the…
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Mortgage advice - 2 CCJs 4 years old
Hi there our situation we had DIP with a mortgage broker and now we have sold our house which gives us around 45k equity the problem is I have 2 silly CCJs which are 4 years old - the one is closed and the other one I’ve been paying £100 a month off and now owe only 1.5k No missed payments on anything for 4 years combined…
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Mortgage end of term date - how long to pay?
Hi, can anyone please help with my question? My mortgage ends in mid April. I will just about have the funds to settle it. However, for cash flow reasons, I won't be able to make the payment until 7-10 days after the end of term date. In normal circumstances, can I just do that without asking the mortgage company first or…
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Had offer accepted, 8 weeks until fix ends, am I free to apply for mortgages with other enders
Hi all I am moving house and my original plan was to port my existing mortgage. However it took quite a while to find somewhere and having just had an offer accepted there's now only 8 weeks until my fix ends, so I guess porting isn't a realistic possibility as we won't be complete by then. I need to apply for a mortgage…
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Non Court Ordered CM payments as income?
Hi There, I've spent the last 12 months really trying to get my finances in order. I managed to get a historical default date changed so now all my adverse history is over 4 years old except one missed payment recorded 3.6 years ago. Unfortunately, in that time, house prices in my area have sky rocketed and I can not…
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Commercial element to property
I'm really hoping some of you will be able to give me advice. I posted this elsewhere and it was recommended I move it to here. I have had an offer accepted on a property which consists of a 3 bedroomed house with a tiny one up, one down cottage (literally just two empty rooms with no stairs!) attached which was used as a…
