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Remortgaging - Porting/Additional Borrowing
Forum newbie here looking for some advice with remortgaging. Let me know if any more info required. Current fix is due to expire in June. £320,000 on a 34 yr term. Have been looking around and in touch with brokers about securing a remortgage. Hoping to get a bigger/more expensive place within 18 months so assumed I’d have…
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Proof of Deposit - Bank Statements
I’m starting the process of buying a property in the UK and have a question about proving the source of my deposit. I work full-time with an average salary of £3,500 per month, and my wife is self-employed with a net income of around £1,000 per month. We are able to save £2,500 from my salary each month while covering our…
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Using a LISA for a joint purchase - leftover funds?
I currently own a flat which will (hopefully) have about £160k equity in it when I sell up. When I do, my partner and I would like to buy somewhere together. He will have about £20k in a LISA to put down as a deposit. We reckon the property we buy will be around £350k in which case the plan is to get a mortgage of around…
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Barclays land release
Hi all, I have recently had my land release application rejected by Barclays mortgages due to the fact that I am selling to a family member, they tell me it is the banks policy Has anyone recently tried to do the same with Barclays but been successful? cheers Mark
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Applying for a mortgage before full deposit saved?
Hi there, In short, I am wanting to know whether I can apply for a mortgage and get it approved before I have saved the full deposit? I am looking at 90% LTV. I have a broker on hand who has said it shouldn't be a problem as long as I know I can save it but this contradicts what google says? It's a free broker who gets his…
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Any experience with Mojo mortgages?
We're remortgaging and also making a big overpayment. It does look like just changing product and staying with my current provider makes most sense. Over the weekend I filled in a form for Mojo mortgages (via Zoopla) and the conversation this morning was "interesting" to say the least. They also start an application as a…
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Deed of postponement, is it needed?
Hi, Is a deed of postponement needed if I want a new deal with my current lender? Can't remortgage for 10 years till councils land charges are removed. Thank you.
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Nationwide Mortgage product switch - cancel rate switch and reapply
I set up a product switch on our Nationwide mortgage for 4.26% on a 5 year fixed with no fee set to start on 01/04. I done this a few months ago and have now seen rates have changed. After looking at the calculations it now seems we would be better switching to the 3.99% rate which has a £999 fee attached but even by…
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underwriting advice ?
Can anyone advise So application with leek utd , submitted two weeks ago - got a call on monday asking for some evidence that a loan was paid off as still on credit file….i have provided this, now does anyone know if they had questions re application would they ask all in one go or as and when they working through…
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Old Charging Orders
Hello We are in the process of trying to sell our house. When I say trying, we actually had an offer that we accepted back in November 2024. The issue now is that our solicitor doing the conveyencing says the only thing holding everything up is 3 charging orders that I had back in 2009. They have managed to connect with…
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Getting a mortgage in principle
Hi everyone don't judge. So me and my partner are wanting to move to a bigger property due to our expanding family. Our mortgage is up in September. We currently have 225k equity if the house sells for the valuation price if not let's say 200k. Me and my partner have built up debts of around 70k from the covid era of lost…
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Mortgage help
so just received the following email from my building society…… I write to advise you that I have now signed off your mortgage application and hopefully you should get your Mortgage Offer in the next couple of days.Please note a copy of this email has been forwarded to your Mortgage Advisor. now they sent this at 4.40pm…
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SDLT on transfer of Title
Anyone help with this. Our accountant and solicitor are at odds as to whether SDLT is payable due to a change of title. In a civil partnership for 45 years kept a previous home as buy to let with joint mortgage which can’t be renewed as one partner is 77. Younger partner can continue with new mortgage if having sole title.…
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Proof of funds/money laundering rules when purchasing property.
If someone were to inherit money and then gift to adult children with a view to them using it within the next 10 years for a house deposit then will they need to prove where that money came from at some point? Obviously there is nothing untoward but someone mentioned to me that money laundering rules will mean that the…
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Advice on mortgage for right to buy council tenant
Good morning, Please could you advise me on the following: 1. My council right-to-buy flat is valued at £187,600. 2. My discount is £104,000. 3. I am severely disabled so I receive the highest rate of PIPs and income-based ESA. 4. I have a live-in carer. 5. I will be 52 soon. 6. Can I get a mortgage where I repay the…
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Stamp Duty and Remortgage
Myself and my husband have a joint mortgage of £280k on a property worth £750k and we need to remortgage but because I am older than him it makes sense for me to come off the mortgage deeds when we remortgage and just use her wages and age. I've had a look at the Gov website and it states that if I'm transfering half if we…
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Santander Mortgage Operations
Totally inaccessible Santander Mortgage Operations in a Sunderland. Need to discuss with them a very urgent situation regarding the sale of my property where an incorrect charge is on my Land Registry document. Mortgage paid off in 2002 but their charge still in effect! Can’t speak to or email them to sort it out! Written…
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Bank declined re-mortgage - flood risk - is my house now devalued
I have lived in my property 12 years, never experienced any flooding problems, nor expect to. However the environment agency has placed our postcode into flood zone 3. I have tried to apply for a remortgage with my current lender HSBC and it was declined saying this property isn’t suitable for a mortgage. If we were just…
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Natwest Timescale and Process
Just submitted a mortgage application through Natwest, 80% LTV. The valuation has been carried out and came back fine about a week ago. Can anyone share any advise on timescale and process through Natwest? Should I be encouraged the valuation has taken place or is that all very standard?
