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Natwest Declined Offer Extension 19 days before completion
Had a mortgage in principle agreed in March 2022 with Natwest, Had an offer agreed 11 April 2022, Our completion date was 01November, Natwest and Legal acted in a way that everything was being processed as normal, then with less than 1 working days notice they contacted us to inform us that our offer would expire on 11th…
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Discounted variable vs tracker - comments on MSE
Hello, in the most recent update on mortgages following the u-turn, the MSE site includes a quotation from a mortgage broker regarding discounted variables and trackers. "All things being equal, the benefit of a discount deal over a tracker is that a tracker rate is guaranteed to rise in line with base rate. If you've got…
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Mortgage
Our fixed rate ends at the end of Jan 2022 we pay 1.99 we have been offered a 5 year rate of 5.11 should we take this as we were offered 3.90 before the last rate change?
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Natwest Mortgage Timescale 2022
Here is my case 1 Self Employed 2 Employed I am assuming being one applicant self employed it will take over 4-6 weeks, so question is did any one got being self employed offer in 15 days as timeline on their website? and finally for those waiting ... did you paid for searches or not yet? as soliciator said its wise to…
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MSE News: What's happening to mortgage rates following the mini-budget reversal – MSE's analysis
Interest rates on mortgages could start falling in the next few weeks, following the Government's reversal of its mini-budget which has helped calm the financial markets. If you're looking to get a new mortgage deal soon, here's our latest analysis. Read the full story: 'What's happening to mortgage rates following the…
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Using mortgage on different property
I had a mortgage approved for a property which remains valid for another 3 months. But due to some legal dispute on the property it appears I have to pull out. Can I use the same mortgage for a different property (not borrowing more than original mortgage offer) without making a fresh application? My mortgage broker asked…
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UNENFORCEABLE CCJ & MORTGAGE SHORTFALL
Hello I have been in limbo with life for sometime now. It started when I had bad advice from my family solicitor regarding a double charged utility bill in 2009 that led to a downward spiral. I was wondering if anyone has any experience with similar situation. 1. I had 2 CCJ in 2013 for credit card and personal guarantee…
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Pepper money release mortgage fund timeframe?
Broken record here…… but has any got any idea how long it takes for pepper money to release mortgage funds? We’ve been told pretty quick, our mortage offer runs out on the 28th and request is going in on the 25th 😳
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Vendor Just Pulled out😭
Good morning everyone. I am hoping someone can help me out. I had a mortgage offer in July, that expires in November but the vendor has just pulled out, which is not kind and I feel very angry and helpless. I am now in the process of looking for a property to replace it as the broker has confirmed that Santander is willing…
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Have I ruined chance of getting mortgage?
Help! I’m imminently going to be buying a house and applying for a mortgage- just need to get into gear and see a mortgage advisor. But at the weekend I opened a new current account with Monzo which I had been planning for a while. I didn’t realise that they would do a hard search on my credit file because there is an…
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How long can first time buyer arranged mortgage offer last
My grandson was buying a house first time buyer just before the mortgage interest rises, the people he was buying off have dropped out before contracts were signed, why can't he keep his original mortgage offer whilst trying to find another house asap
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First direct Consent to Let
Guys, I have a mortgage with first direct and would like to know if first direct offers consent to let for mortgages. Due to personal circumstances, I need to move to another city. My LTV is 26%. Thanks
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NatWest rates going up tomorrow (18 Oct)
NatWest have just now notified brokers that they're upping rates from tomorrow across new-business and existing-customer ranges. With NatWest you can only secure a rate at full application so if you have any NatWest applications ready to go or are mulling over an NatWest recommendation, get in touch with your broker so…
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Additional borrowing help/advice!
Hello, in March 2023 we're looking to borrow an additional £90,000 from Natwest to partly fund our 2 storey extension. Does anyone know the additional product that Natwest would offer? And what rate it would be? The person we spoke to at Natwest wasn't particularly helpful.
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Applying for mortgage with defaults
Hi, I am looking to apply for a mortgage with my partner on a right to buy property, so we will be getting a significant discount which will stand in place as our deposit. My partner has an excellent credit score and I have a good credit score. However, I have two defaults: one in 2017 for £1000 on a credit card, and £400…
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Halifax mortgage timescale
Hi Imy mortgage broker has just submitted my application today with Halifax. Anyone know how long it usually takes to hear back if it’s been approved or not? Thank you
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Stamp Duty
I Completed on my purchase of a shared ownership house on the 23rd September 2022, the day it all changed, do I have to pay stamp duty now the minimum is £250000. The share I owned came to £192500. Thanks
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Barclays Underwriters- Still waiting for Decision
Hi, I'm currently going through a Mortgage broker and have applied on 28th Sept, all documents have been sent across. Is there a Telephone number I can ring with Barclays to find out a little more, even though I have no Ref number from my MB. My MB seems to be very vague and the replies/Response ''is its in their hands and…
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To buy or hold off?
Hi, I am looking to buy a house in the northwest but really worried about the interest increase. Is it best to buy now or hold off for the time being? I don’t want to commit to a fixed rate mortgage if the interest rates ‘might’ come down or if house prices drop imminently. I know there is a lot of uncertainty but any tips…
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Mortgage indemnity insurance
Hi is a mortgage indemnity insurance active for duration of mortgage. As lender advised I took out an indemnity insurance to cover a 45k + in income shortfall for mortgage of 150k. Does this cover lender loss in event of defaults or repossession. thanks in advance
