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Porting with Prudential - Timescale
Hi, We're in the latter stages of a house purchase where the top of the chain has just announced they've decided to port their mortgage with Prudential to their new property. We were hoping to talk exchange dates this week and our mortgage offer expires towards the end of September, so are feeling somewhat anxious that…
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Being added to a mortgage
I am already on a mortgage with my mum. My boyfriend wants to add me to his existing mortgage before i become s student as I am going to uni and he is insisting I carry on paying my share of the bills as I have done for the last 5 years. He says it would be a committment from me and it will give him security and I would…
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Remortgage issue - advice- any similar issues
. Just seeing if anyone able to offer advice. Fixed term mortgage end date 17/07/22 I started the remortgage process 4/05/22 with a mortgage broker. Went through all the usual paper work and advised at the time that we had a help to buy equity loan and that we wanted to keep the loan in order to take advantage of the…
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Barclays Family and Friends mortgage
We would like to help our tenant buy the house she is renting from us. House valued at 115k last year. We are looking for 110k, she has talked to an advisor and has been advised that she can afford 102k. We've seen the Barclays Family and friends product and are contemplating offering 10k to her via the scheme. Would…
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Pay ERC and fix at current rates, or stay put
Hi all, Lots of similar discussions recently. Our individual circumstances: current fix with Barclays @2.44% ends in August 2023 with LTV comfortably below 60. The earliest we can lock in new rate is end of April 2023. That's five BoE interest rate reviews away. Current reasonable expectation is that there will be one more…
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Advice needed - should i use savings to reduce mortgage (even if i'll need that money later)
Hi all, we’re about to come to the end of our current mortgage term and have a few options as to which way to go, as we’re also looking to start some serious renovation work on the house within 12 months (plans all approved, building regs drawings being finalised before we approach builders). We would love some advice /…
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Effect of very old debts effecting mortgage application?
Hi Please can anyone help put my mind at rest as I'm so worried. I have a couple of old debts (6+ years ago), which I regularly pay back monthly via a company that took over the debt (I was on a DMP then self managed). I've never missed a payment and since cleaning my credit history I worked hard in keeping in credit on my…
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Sole mortgage on family home
Hi there, My wife has had some payday loans in the past that has recently stopped us getting a joint mortgage. I have enough income to cover the amount we need to borrow, but will I be allowed to get a sole mortgage , if the house is in just my name too - but obviously we will all live in it? Her payday loan history is as…
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NatWest Mortgage Extension - timescales
Hi all! Has anyone applied for a mortgage extension with NatWest recently? Just wondering what timelines we can expect in waiting for confirmation/decline? Our mortgage expires on 7th September and our vendors solicitor has dragged out the process to the point she’s not chased enquiries and we are now very worried that the…
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The Mortgage Works/Nationwide - Redemption Statement request timeline?
I was wondering if anyone else had experience of requesting a redemption statement/release of property request from The Mortgage Works (subsidiary of Nationwide). I have had a couple of experiences - last year during Covid i requested one and this was provided without fuss or issue, however this year when i requested…
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Nationwide 3.44% Fixed
Hello, My current nationwide fixed mortgage rate is 2.14% which ends on 30/11/22. I have accepted nationwide 5
yr fixed at 3.44% no product fee to start on 1/11/22 Is this a good deal? I couldn’t get an adviser
appointment until the end of the month and I was worried about rates changing,
so accepted online. I have 11 yr…
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Buying/Selling Deposit etc
Hi, Apologies in advance for what I deem a silly question, but would appreciate comments: Situation Buying a house for £540k. Selling our current house for £265k (we are mortgage free here). The house we are buying is our 'dream house'. We saw it and offered before putting ours on the market (on being able to proceed…
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Getting a mortgage and relocating
Hi, I was wondering if anyone could provide any advice. My partner and I will be looking to buy our first home soon, but we will be relocating a couple of hours away from where we currently live. Employment wise, this is fine for me as I can transfer to another office so can continue working. My boyfriend is not so lucky…
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Attempted fraud after mortgage offer
Hi all I was issued my mortgage offer a few weeks back and am in the process of buying my first home. I’m so excited I can’t even put it into words. Everything seemed to be running really smoothly until I opened my post box the other day and a letter from HSBC was sitting in there. I have no products with HSBC and my…
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Nationwide Major Down Valuation
Hi all; I’ll try and keep this short and to the point. Rural village
location. Offer accepted on a house move for £475k asking price.
Porting current Nationwide mortgage plus additional lending at a
really good rate however.... Nationwide has down valued the property
at £410k which is just wrong, a 10-15k can be expected…
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Scotland mortgages questions
Hi there, I am currently living in Wales, am 22 and doing a remote degree which I will finish mid 2024. I currently live at home in an annexe separate from the main house but legally part of the same property and am paying a minimal rent (£200 a month) without any formal contract or lease. I've saved quite a bit towards…
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NatWest mortgage application
Hi my broker has got me a decision in principle for a NatWest mortgage . I have 2 four year old defaults with NatWest . I have a 30k deposit . My credit rating is poor but i can more than afford the mortgage . Will they reject me ? Thanks
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How long do Halifax usually take to release mortgage funds?
Quick question. Does anyone know how long Halifax are taking to release mortgage funds at the moment? After a nightmare wait for a mortgage application with another lender, we switched and put in an application with the Halifax - they were very speedy and application to receiving mortgage offer took just 10 days. However…
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Nationwide/HSBC Additional Borrowing Process
Has anyone any experience with these lenders? Is the process pretty straight forward if you don’t need a valuation and are within the LTV you have. Can it be done all online and signed online and a date picked to drawdown…ie when it’s available ie asap.
