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Single Mortgage Application When Married
I'm married but I'm the only one on the mortgage application, deposit is entirely through my earnings as well. My solicitor is asking me to confirm, if any adult would be occupying the property after completion. Even though my partner will most likely move-in with me, I do not want to drag her name into the application…
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Using lifetime and help to buy isas
Can you use the cash from a lifetime isa and a help to buy isa not just for the deposit on a flat but also for extra cash required to pay over the valuation in order to secure a property
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Porting Mortgage Nationwide
we have 2 years left on a 5 year fixed deal. we want to sell our house whilst prices are high and purchase another property as we have built up a lot of equity. I believe we can port the mortgage to a new property but sure what or how it would happen if we were unable to find a another property before selling ours ( valued…
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Mortgage terms
Hello folks Hubby and I are in the process of re mortgaging we have at long last received the offer. But, I have spotted something in the small print on the offer. basically it is on signing we agree to building society having power of attorney above anyone else ! I sorry I don't have the exact wording but I can get that.…
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Remortgage taking time
I started looking at remortgages 8th Feb. The following week, Natwest reached out to me and we decided to go ahead. We had a video meeting 16th (preliminary checks), a chat with the mortgage advisor on the 19th, accepted 22nd Feb. Natwest appointed solicitors who contacted me on 22nd Feb. Surveyor came out 2nd March and…
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Overpaying dilemma
Hi, me and my husband took out a mortgage on a house in 2019 £122,945 for 30 years at 2.27% fixed for 5 years. We now rent out the house and we are living in my home house which I owned outright but we have remortgaged it for £80,000 over 15 years at 1.77% fixed for 5 years until March 2027, this is to consolidate debts…
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Santander mortgage AIP
Hi, Im applying for a remortgage with Santander. Im applying for 23% LTV. I got an agreed AIP on Thursday. I have a good credit score, I have no late/missed payments the last 6 years. I paid my overdraft and credit cards totally off 2 years ago. Until 2 years ago I was always in my overdraft, i also went over it…
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Remortgaging early do I take hit
Hi all Fixed ends Nov 22, current rate 2.09% Do I take hit of 1% & cashback repay in hope of getting lower interest rate as we overpay quite a bit or sit it out till Nov. Quick search says could knock 18month off with same repayment figure Tia
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Mortgage application advice
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Completed Remortgage - need some guidance.
Hi we have completed our remortgage yesterday with Lloyds Bank and everything went smoothly. I have already received excess money to my account after they have paid my previous lender. I have so many things in my head that I need clarification and guidance please. * Should I expect any paperwork/clearance from my previous…
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Mortgage offer clarification
Hello! We have just received our mortgage offer from Halifax and in the main features of the loan it has the following: Value of the property assumed to prepare this information sheet: - value is £35k lower than our accepted offer Minimum value of the property required to borrow the illustrated amount - value is £75k lower…
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Mortgage Options to help Elderly parents buy?
My parents have been living in Ireland for 10 years and due to I’ll health are wanting to return back to their adult children. They have their own home worth about £300k and will receive some inheritance about £180k but not till beginning 2023 once probate and sale goes through. A lovely house is up for sale at the end of…
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Fixed at 4% or Variable at 2.6%?
My mortgage is coming up for renewal. I'm not sure whether I am on a fixed rate or not - I assume so as my payments over the last 2 years or so haven't changed. I'm going through a broker questionaire now and it's asking whether I want to fix or not but I'm not sure. When I click on fixed, it says: 2.28% fixed, then 4.24%…
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Chances of getting a mortgage with a new job
Hi all. My partner and I are about to start the arduous journey of buying a house. We’ve instructed a broker and sent him everything he’s asked for but he’s very slow, and not responding to our queries currently. I’ve just had an interview for a new job and really want it. It’s slightly more than I’m currently on and I…
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Mortgage Offer Extension - Virgin Money
Hi Fixed Term Mortgage with HSBC comes to an end 30/09/2022 therefore I set the ball rolling looking for a new deal and subsequently applied via L&C for Virgin 2 Year Fix @ 2.10% on 25/03/2022. Mortgage offer was received 30/03/2022 but expires 28/09/2022 (2 days prior to my current fix end). What is the likelihood of…
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What to do - rent, sell, 2nd property and mortgage free
Firstly, not a newbie but can’t remember details for my old account! Please no judgement on the current finances as myself and husband are happy with this, this post is about the future.... I live with my husband in a house that I have a mortgage on (bought solo after previous marriage breakdown). Husband contributes to…
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Remortgage timing
Hi.im just under 6 months from my 5 year fixed ending. Plan is to apply for a mortgage with a lender whose offer lasts 6 months to lock in current rates. Assuming rates are same or worse proceed with lender when completing after fixed ends so no charges. But in the unlikely event rates come down significantly in 4-6 months…
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Broker Firm Failing
Hi All, I am looking for a bit of advice here if possible. Back in December 21 we went to our Broker to start a product transfer in good time for when or mortgage rate ends in March 22. We agreed product transfer was the best route for us received confirmation in the post etc etc. Fast forward to March I sent another email…
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Two Mortgage Applications
Good morning We are pleased to have had an offer at the £200k asking price accepted on a new property. Our situation is fairly simple, we are both PAYE on reasonable public sector salaries, no debt, no buying schemes, no adverse credit and a 10% deposit saved up. Two questions directed at the brokers ideally, if I may: 1)…
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TML - The Mortgage Lender - Real Life Lending
Hi, Has anyone recently used TML as a lender? Our broker has submitted the application for us 2 weeks ago now and in that time they have instructed the valuation and asked for another months bank statements but haven’t heard anything since. Would you say it is a good sign if they have done the valuation? It’s a new build…
