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Natwest ReMortgaging Timescale
Hi, remortgaging to Natwest from another lender, anyone been through this process and know how long they are taking? I had some bad credit and had to go with Bluestone (only lender that would entertain us), that's all cleared up now and good credit, back to a highstreet lender, but im nervous! Bluestone wait was immense…
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Halifax - mortgage employment check
Hello! We’ve just applied for a mortgage with Halifax. We used a broker, and provided 3 payslips and 3 matching bank statements. Just wondering what the chances are of them requesting an employment reference. We’re both in full time, permanent employment. My work is especially slow at responding to these sort of requests,…
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Right to buy
Hi looking for advice . I’m looking to to buy my council property on the right to buy scheme. I have bad credit from the past and a CCJ. I’m now in a good job 44k year and struggling getting a bank to give me a mortgage . When I’ve googled mortgage brokers the prices are crazy so any help in pointing me in the right…
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Father and brother want to co-habit what will happen to my inheritance?
This is a strange one. My father (Widowed) but divorced from my mother recently sold his home and moved to be nearer to my half brother. He isn't happy with the new town and said what would make him happy is living with my brother. My brother is 37 and also reluctant but has said he would consider this to keep my father…
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mortgage application after cash purchase
Hi, I'm due to complete next week on a cash purchase of a property through auction that has a tenant. The plan is to mortgage the property ASAP and use the cash to purchase another property. I understand most lenders want the property to be owned for 6 months before they will offer a mortgage. Does anyone know if there are…
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Is a mortgage offer legally binding for the bank?
Hello, I'm currently looking to remortgage options with the current deal expiring in a year. My idea is to get an offer now and switch to the deal in right before the offer expires. Reading the news of possible further increase by BoE in the coming weeks (not sure that is true or not) I started wondering whether the offer…
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Nationwide's impossible lending criteria
Morning all, My partner and I are stuck between a rock and a hard place and would really appreciate guidance on where to go from here....we are in the process of purchasing a new build commercial to residential flat conversion that is 1 storey. Standard construction, nothing out of the ordinary and at least 23 other plots…
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Home Improvements
Hello We're looking at paying off our mortgage, we have a fairly small amount left and the fixed term is about to expire. But at some point in the future we might want to borrow for home improvements. Is there any benefit in keeping a small mortgage going to enable us to re-mortgage or is it just as easy (possible) to go…
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Mortgage has been offered
I have finally been offered the mortgage for my property by the lender but I’ve read and heard that the lender can still give back word on the offer, this worries because I am in a dispute with my employer and we are striking over 2 days in the coming days. It is public knowledge so I am panicking now that they will become…
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Nationwide mortgage in principle expired (Help)
Good evening, We applied for a mortgage in May and due to Nationwide faffing around the mortgage in principle has now expired. We have put a complaint in, but wondering if there is something else we can do. First of all we had a thr mortgage in principle, which required a valuation, this took a few weeks to book. Next the…
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Why are the mortgage tables dominated by building societies and discounted rates?
Are these 'better' than trackers? The rates are very good
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Halifax Mortgage looks like it might be withdrawn at very last minute dont understand why
Hi, I secured a new 5 year fix on my mortgage back in March with halifax via a broker at 1.68%. My mortgage was ending in August with santander so all set. I get a mail on the friday saying its all going through then a call on the monday saying its been stopped something wrong with my credit file. I cant sleep as i feel…
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First Time Buyers Advice Please. What to ask a broker?
Hi We are first time buyers and are a little lost in where and who to turn to at the moment. We have... 2 x Full time jobs with a combined income of around £75k No Dependants No debts or credit and a good credit rating. Looking at houses in England for around £300-£350k Have a 60k deposit The next step? We want to start…
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Unattentive Broker
Hi So I am keen to try and get a mortgage before interest rates raise again. My broker is too busy with other things to call me and is now ignoring my e mails . Anyone recommend the best online Broker as I’m loosing hope with this one
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Requesting Mortgage Funds
Bit of a random one - being pressured to exchange by this week in order to complete for end of next week as have been told you need 5 working days max for mortgage funds drawdown. My question is - can/should solicitors request mortgage funds prior to exchange of contracts? As if that's the case then obviously exchange of…
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How to work out repayment mortgage monthly payment
I have an Interest Only mortgage. Is there any easy way, without contacting the lender, to work out how much the monthly repayments would be if it were changed to a normal repayment mortgage? Thanks.
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Stamp duty
Hi I was wondering if anyone has got any advice. I have a question of what would be best to use for stamp duty payment. A gift from a friend in the Uk or funds from a EU savings account? I'd prefer to use the gift as I need my savings in foreign currency to use for something else. My solicitor mentioned it might affect the…
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Total Financial, Property and Job Quandary
Removed. Removed. Removed. Removed. Removed. Removed. Removed.
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Mortgage question
Good afternoon I have a mortgage question. When calculating how much a lender will offer, 4 1/2 times my salary. My question is this, I have been employed for 3 months now, but have just been given a pay rise from 26K to 38K. Will the lender calculate 4 1/2 times 26K or 38K, as I have payslips for the 26K but an employers…
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Using money from house sale to pay off loans before starting new mortgage
We are looking to move house and I have considered using some of the profit from the sale of our house to pay off existing debts. Effectively adding them to the new mortgage, we would still be left with a sizeable (around 30%) deposit and i would be looking to pay off around £15,000 of debt. Is this even possible? I…
