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Nationwide first mortgage application not booked valuation After 7 days? (Timeline)
Nationwide first mortgage application not booked valuation ? Applied for a mortgage through a broker and left it for a week for things to progress. I’ve got the “we have received your mortgage application emails and texts” when the broker submitted it last Thursday. however other people seem to have ones with valuation…
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Please help me ...HSBC
Hi All, can someone make any sense of the following. 1. Porting my current mortgage with HSBC to new property. 2. Current property is a flat, new property is a flat3. I know i have to borrow existing balance or more and complete within 6 months on new property NOT for the ERC to kick in. I'm 2 years into 5 year fixed.4. I…
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Remortgage living next to a pub
We are trying to find a company to remortgage with as we want to extend but live behind a village pub. We have been through to the final completion stage with our current mortgage company, Barclays Bank, only to be turned down due to a nil valuation (although they will allow us to continue with the current mortgage which…
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Mortgage - stay with existing provider or move to another provider
A family member is asking about a mortgage where the fixed period is coming to an end in Jan 2023. The current provider allows them to see what's on offer re rate wise and I assume term wise within 4 months of the fixed period end date. They can start checking out the new rates and terms in September 2022. Outstanding…
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Likelihood of securing 4.5 times salary mortgage (with markers on credit file)
Hi all. Partner and I are about to arrange appointment with a broker and I’m incredibly anxious about being declined again. We were declined just over a year ago (Jan 2021 on a property at £225,000 with £36,000 deposit) due to me having a late payment marker on my file for Very (was about £20) 3 months before applying.…
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Clydesdale mortgage offer
Hi all, just wanted to post this in case anyone is needing a current Clydesdale timescale. My application via broker went in late 21/2/22, got the offer 15/3/22, so 3 weeks. Mine was pretty straightforward, no debt or credit issues, and no extra docs were requested. Relief! Good luck to all waiting….
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Mortgage - fixed rate for a whole term
Hi All, I am working on a mortgage with a broker. Does it make sense to go for a fixed rate for a whole term e.g. 20 years or is it an overkill?I was thinking about 7-10 years fixed rate but then they sent me an offer (by mistake) for 20 years all fixed. Best regards
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Can I change my work contract during mortgage application?
My husband and I have received a decision in principle for buying a home in Scotland. We both have full time work contracts. My husband is the main earner. I have a health condition so may go down to a part time contract. I would supplement income with agency work. So my income would stay about the same. Is this ok to do…
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Down valuation - Renegotiate price with seller vs try new lender for better valuation?
Hello! Looking for opinions from anyone that might have been in this position... We had our mortgage approved with Natwest but they have just downvalued the property we want to buy by a massive 30k! I am still trying to get the actual report from our broker but my understanding is there are not enough comparables that have…
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Older person mortgage advise
I'm 3 years from partial retirement at 66, I have a pension pot of >150k, we don't own a house yet due to divorce some years ago. We have about 180k as a deposit available against say 300k house, I have no idea if there are any schemes to help us purchase due to the short period I have left to earn a sensible income, any…
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Failed to complete house purchase after exchange due to mortgage lender not releasing funds
We exchanged on a house purchase 1 month ago, with mortgage offer in place, and as far as we knew everything was signed off and ready to go yesterday 15th March. On 10th March, our lenders contacted our solicitor to request evidence showing our private water supply complies with statutory regs for safe drinking water. We…
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Wanted- Lender who will lend 4.75 x salary with a 5% deposit. Any ideas?!
As the title suggests, desperate to secure a mortgage that is slight over the generic 4.49 x allowed to borrow. Have tried a lot of brokers and have also tried HSBC and Nationwide direct. Can any lurking MA on here give me any suggestions? We have a 6% deposit waiting to go, great credit, lots of AIP’s BUT about £10k off…
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Lloyds remortgage
Hi. Just weighing up the options to remortgage and potentially thinking of fixing for 10 years with Lloyds. They offer £750 cash back for club Lloyds members so if I decide to go ahead with this it seems daft not to. But I can’t see if there are any prerequisites such as the account needs to have been opened x amount of…
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Splitting up and sorting mortgages
Hello, I am splitting with my partner - we have a house in joint names and a flat that is in my name. Both are due a remortgage. We have agreed to put the house mortgage in my name and I give him the flat equity with the small mortgage that remains on it. I have applied for a remortgage on house and that seems fine. My…
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Remortgage (Tenants in Common) and associated tax implications....
Hi everybody. I'm just looking for a bit of reassurance regarding my plans for remortgaging, especially re tax implications. Just wanted to make sure I'm thinking this through correctly. Here's the story: * I currently have a mortgage in my name only and have 75% equity in the property. * My partner lives with me (it's her…
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Drawback to switch from repayment to interest only on Residential property
Hi Guys, hope you will be able to provide the answer my question- I am in process to do an extension my property, and as my both childrens have severe eczema conditions, builder is suggesting to move out when they start knocking down the internal walls. which means I have to move out as a tenant, i did call to my mortgage…
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95% Mortgage at exchange deposit query
Hello all, hope someone can clarify for me , i have a 95% mortgage offer agreed with a bank, i have the 5% deposit , at exchange i will transfer the 5% deposit to my solicitor? Been reading and its normally 10% minimum on exchange? Cant figure out how this works
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Interest only
I have a pension maturing in 3 years & am going to pay my mortgage off, I have been advised to go onto an interest only mortgage as would be saving around £9,000 a year. would appreciate any further advice from yourselves thanks
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Is it too late to avoid a potential interest rate rise on Thursday?
If I get an application in tomorrow would it be approved in time?
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Overpayments and Remortgaging
Hello. My five years fixed deal ends on 31st October and Nationwide already told me I'll be able to start talking to them about product move and fixing their rate (or looking for a new deal) as early as June. I have been overpaying for the last couple of years and from my original term of 30 years I now have 24 left…
