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Cost of Living Support question.....
Evening all, I've had 3 mortgages before so well versed in how they work, credit scoring, and all things to do with them- just a point to note :) Short story- We are now planning to put our house on the market in around mid-August to move to a 4 bed..... In October last year we took the Cost of Living Support thing from…
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Mortgage Application
Currently have an application in for a remortgage with Halifax through a broker. Can I track my application online or does the broker only have access to this? Many thanks :)
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Second time around
I'm about to go for a joint mortgage with a wonderful partner but.....I had a mortgage with an ex over 20 years ago but signed the house over to him when we broke up. Do I still qualify for any first time buyer deals with my new partner? Also, my credit rating is good but I had another bad relationship with someone who…
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Fixed term 5 or 10 year?
Hi all. Our 5 year fixed term finishes in July this year, was at 2.2%, so obviously I wish I'd fixed for 10 years. Anyway, now I'm being offered 4.29 for 5 and 4.79 for 10 years fixed. Ultimately the difference between these 2 is £65 per month. My question is, does anyone think it's a bad idea to fix for 10 years? My…
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Overpayment
Hi, please can someone help me to understand ? I know I can get better savings rates for this money, however I would like to overpay £250 per month somewhere (I am also saving) I have a personal loan at 2.9 % and a mortgage at 2.79 % with an ERC of 4% for overpayments over 10%. The £250 would be no ERC penalty Just for…
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Mortage application with Nationwide through broker really slow
Short story, I applied through a broker on the 24th of January for a second home mortgage (LTV at 69%), they requested pretty standard documentation, then asked to book a survey on the 5th of Febraury which were done properly, then on the 15th I received couple of email mentioning they received and accepted the valuation…
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5 Yr Mortgage Comming to an end
Dear All Seniors/ Experienced members, Please I need some help Me and my wife bought a house worth 350K in July 2019, deposit was £60K and mortgage £290K 25 years, joint mortgage. 5 Years Fixed, Product end date June 2024, Interest Rate 2.14% Due to Covid 19 uncertainity I applied for the three months payment holiday, in…
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Divorce/Separation Mortgage split, looking for advice
Hi All, We are splitting with my partner, she keeps the family home and I want to move to our BTL(buy-to-let) home. Both mortgages are with Santander. I called them earlier to get consent to reside in the property and remove my partner. The application was declined due to affordability, as they included all our family…
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Mortgage arrears
Hi there, Is it possible to re-mortgage with someone if one of us has recently paid off mortgage arrears, or will I definitely have to wait months?
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Accord mortgages
Hello all, I was just wondering if anyone can give me some opinions on their experiences with accord and new mortgage applications. Namely, how long they take to review additional documents supplied to them such as bank statements and what they mean when they say the 'instruct a mortgage valuation for the property on day…
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Pay off mortgage or leave in offset?
Hello, We are in a slight dilemma. We have an offset mortgage and at the moment it is totally offset against outstanding mortgage balance. We have been very fortunate to be in this position (thanks to my family). We haven't paid any mortgage interest in the past year due to this. The doubt we have is , should we: 1) Pay…
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Complicated?
my son and his American wife are looking to buy a house shared ownership. She has been in uk in spouse visa since start of the year. Between them they earn just under 80k so have been told they qualify for the house they want to buy up to 70% BUT my daughter in law worked remotely in us before coming to uk and has…
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Shared Mortgage
Hi all, looking to pick the brains of you clever people! My daughter owns a property equally with a friend and they have decided to sell. My first thought was, could she afford to take on the mortgage (or more appropriately would a bank). They owe £166k and the property is worth about £230k. They currently pay £556pm at…
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SANTANDER "Term come to end"
Hi all, After a monthly review I have been told I will receive a letter from Santanders solicitors to clear my mortgage deficit. Here is my history. Interest Only Mortgage expired 2 years ago Ans as requested house on market. Yes I want to downsize so looking to sell to be mortgage free. House was on market last may at…
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Mortgage
My son had received a mortgage in principal, this has now been refused as an address he rented a room in has come back with a bad credit check. What can be done about this? has the peoperty been searched, ie the landlord and not my son who has a good credit?
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Mortgage offer taking forever
Anybody waiting for a mortgage offer? The waiting game is so hard!!
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Birmingham Midshires Negative Equity
Hello, I was wondering if anyone had some advice please? Apologies for the length. My Aunt purchased a property in late 2007 for £195,000 (with a 10 year residential interest only mortgage of £170,000 with Birmingham Midshires). A few months later, the 2008 crash happened and the property practically overnight, became…
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Consent Online
Looking for some advice. In the process of remortgaging with Simply Lending. Have been sent a link for Consent online to access our bank statements. Not keen on authorising a third party to look at my account. Can I request to send copies of bank statements directly rather than via Consent online?? Many thanks.
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Nationwide Mortgage process?
Hi - I have recently submitted an application for a mortgage via a Broker and I wanted to understand their process. I submitted all payslips and information on the 22nd February but as we are nearing the end of the month I am worried that the Lender will ask for this months payslip also, even though the application went in…
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AIP when don’t meet critera
Hi all just looking for some advice/reassurance. My broker has secured us a AIP with Barclays however I am unsure we meet criteria which states ‘Cumulative amount of arrears at any point in the last 2 years of 3 or more monthly payments on any one account, ie 3‘ in March last year a mail order account (very) reached 3…
