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NatWest mortgage Valuation
Hello, my wife and I are both first time buyers, we applied through NatWest via a mortgage broker. On the mortgage tracker it’s showing as everything ticked off as being reviewed and completed though pending the valuation survey report. Is this generally a good sign ? Does anyone know how long this part of the process can…
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Mortgage reserve account
Hi, I'm looking for some advice, we were given a reserve when we took out a mortgage with Barclays I actually wasn't sure of the meaning of it as I would have said no, knowing my record with money. But what happened was that we hit financial difficulty and used the reserve to help us out. We are now faced with 5 years to…
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Help please - Seeking Advice: Gift Amount Rejection by Nationwide Lender
Dear Community, I recently encountered a perplexing situation during my mortgage application process, and I'm seeking some guidance and advice from those who may have experienced something similar. I opted to work with a mortgage broker to secure a mortgage for a new property. As part of the application, I included a…
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Paying into pension >>> impact salary/affordability?
Hi all, Needed a bit of guidance and some heads cleverer than me to think things through. My income falls into the 45% additional rate, so I'm not only losing personal allowance (in the 100k-125k range), but I'm also paying 45% on some of my earnings. Obvious thing would be to put money into Pensions in order to get tax…
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Halifax Mortgage - recent late payment
Pleaseeee help! My partner and I have had an offer accepted on a property at £475k, our broker got us a DIP yesterday however last night I checked my credit on transunion and a late payment is showing up for last month. I’ve checked my account and there is £2 outstanding. I’ve tried to pay it but I can’t online so will…
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PepperMoney Timeline?
Has anyone applied to Pepper Money recently? Can you let me know how long it took from application to offer for you? or application to valuation being instructed?
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Mortgage help!
I have been with RBS in a fixed term for 5 years which came to an end last month. 3 weeks prior we were given an indictaive rate which for a 3 year fixed. We agreed on this and was informed that it was in hand. We hadn't heard anything back, so I sent a follow up email 18 days later..the next day the electronic forms were…
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Overpay or not?
Good morning! We have recently remortgaged and our monthly payment has increased to £1690 from £1475 and instead of having 9 years remaining on our mortgage , we have had to add 1 year in order for the mortgage to be realistically affordable. Is it worth overpaying at the current state of interest rates as my wife and I…
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What’s the chances
Sorry I know I keep coming back with more questions but keep pondering and reading more and more. IVA finished 13th march waiting to drop off credit file any day, one default to Santander as part of Iva will drop off around 25th April, tried challenging this but given up. Come end of April both should be off credit file.…
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1st time mortgage
Hello all my wife and I are looking for our 1st mortgage but we have a few questions, 1) We have no to very little deposit (£1000 max) so are looking at a 1% deposit one or the Skipton track rate mortgage will this hinder us? 2) Will they look at both accounts when deciding on if we're eligible for a mortgage (I pay my…
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First Time Buyers & New Build
Hello everyone Me and my partner have early bird reserved a new home with exchange estimated to be end of May. Completion is not until December at the earliest. My partner has just been offered a new job with increased salary and benefits. Our mortgage lender (DIP stage) requires 3 months in current role for the mortgage.…
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New Build and FTB
Hey everyone! Thanks in advance for any help. Me and my partner have early bird reserved a new build home. The plot is available for deposit boost (myself and my partner will give 10% and the developer will contribute 5%) Exchange is estimated to be end of May and I know at this point 10% of the house value is due.…
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Overpayment on Interest Only mortgage
Hi all, I'm hoping you can help me - I suspect I'm just being really stupid but if anybody can help I'd be ever so grateful. We have 7 mortgages on our home, with Nationwide, and we're overpaying them as much as possible to try and be mortgage free in the next few years. 6 of them are repayment mortgages so when we make an…
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Early redemption charge?
I have a 5% early redemption charge on a £100k interest only loan at 1.29% until 8/2026, we are in the lucky position to be able to clear it.To me, in the current climate, it would make sense for the lender to wave that charge.Has anyone heard of lenders doing this? (I'm with Santander)
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38 Y O First Time Buyer
Partner and I have combined annual income of around 75k before tax, myself 27.5k he 47.5k. Our LISAs have 42k combined that we're planning to use on our first home purchase In our chosen areas we're looking at a 200-230k sort of price bracket for 2.5 (3 if lucky) bed My question: when we make our mortgage application in 2…
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Moving house - old debt advise.
Hi we are currently thinking of moving house but we have some old debts that we are still paying off. They are no longer in our credit files but we are still paying them by DD each month. I just wondered if this will go against us on our new mortgage application. Would they want to know how much we owe on each one and…
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Offer on house and future mortgage rates
My current one went upto £412 but I offered on a house so it may rise to £830. That’s a large jump but bigger house but my thinking is take a two year deal pay £40 a month more as that could drop to £650 by say 2 years time. Is that a good idea? I usually take a 5 year deal but I feel they say 5 rate drops possible is that…
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Joint-Borrower-Sole-Proprietor Mortgage
My son's landlord is intending to sell the property and he would like to buy it. My son is single and self employed. I'm wondering if we would be eligible for a Joint-Borrower-Sole-Proprietor Mortgage. My own earnings are enough to obtain a mortgage myself, but I would prefer not to be on the title deeds for capital gains…
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Sanity, check please
Hello , so I currently own two properties one is with Santander valued at 8 8, 000 with 4 4, 000 left on the Mortgage. The Mortgage is at 4.2% and fixed for the next 4 1/2 years. Currently my daughter lives in the property and it’s on a consent to let. She will finish university in June at which point the house becomes…
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Property with Solar Panels - Borrowing with Barclays
A colleague has had an offer accepted on a property and has now got a mortgage offer pending going through. One thing that she has questioned now is that the property has solar panels and has heard some lenders do not lend on properties with leased Solar Panels. Does anyone know if Barclays who she is pending with are one…
