Mortgage broker - ask me anything

haras_n0sirrah

28tsw said:

We are planning to break the chain of 3 due to seller being too slow for buyer and risking the sale. 

We may end up moving in with my parents until we can exchange/complete on purchase. It might be for a night or week or more or not at all. Is this a risk to my HSBC offer?

If you are moving for such a short period I wouldn't worry too much 

anticlaus105

haras_n0sirrah said:

what is the ltv?

Was that aimed at me? If so 48% ltv. £128k remaining.

28tsw

haras_n0sirrah said:

28tsw said:

We are planning to break the chain of 3 due to seller being too slow for buyer and risking the sale. 

We may end up moving in with my parents until we can exchange/complete on purchase. It might be for a night or week or more or not at all. Is this a risk to my HSBC offer?

If you are moving for such a short period I wouldn't worry too much 

At what point would you think they’d need to know? 

haras_n0sirrah

28tsw said:

haras_n0sirrah said:

28tsw said:

We are planning to break the chain of 3 due to seller being too slow for buyer and risking the sale. 

We may end up moving in with my parents until we can exchange/complete on purchase. It might be for a night or week or more or not at all. Is this a risk to my HSBC offer?

If you are moving for such a short period I wouldn't worry too much 

At what point would you think they’d need to know? 

If you are moving out and the completion is a week later then I wouldn't worry. If it is more than say 3 weeks then I would just let them know you are temporarily moving in with parents until completion  

mitch20151412

I’ve sent my bank statements from salaried bank account to the lender. I send £500-£700 a month to my Monzo for day to day spending and leave my main account for direct debits etc. Is the lender likely to ask for my Monzo statements too?

haras_n0sirrah

mitch20151412 said:

I’ve sent my bank statements from salaried bank account to the lender. I send £500-£700 a month to my Monzo for day to day spending and leave my main account for direct debits etc. Is the lender likely to ask for my Monzo statements too?

I would 

StephAW

We remortgaged a few months ago to NatWest and it started inSeptember. Our first payment was last month. We’ve just decided though to look for a bigger house. I rang the NatWest yesterday to see how much more we could borrow, but the computer said no due to something in our credit file but they couldn’t see what. We’ve checked out credit file this morning and both are excellent. My score on Equifax is 502 and Experian is 985. Partners is just as good. The only thing I can see is on Equifax everything is green apart from our new mortgage to NatWest is grey and says unclassified. It doesn’t show as a missed payment but our payment from last month is just not showing.  Does this sound like a reason why it would have declined? Do I just need to wait for this to be updated before asking NatWest again? 

Also are they able to actually see our credit report or is it an automatic thing that just comes back saying no? As if they could see the full report they could see there is nothing bad on there. 

Sorry for the long post. 

haras_n0sirrah

anticlaus105 said:

haras_n0sirrah said:

what is the ltv?

Was that aimed at me? If so 48% ltv. £128k remaining.

Broker online pt's coming up as 1.44% with a 995 fee. This is the new rates (went up on thur)

haras_n0sirrah

StephAW said:

We remortgaged a few months ago to NatWest and it started inSeptember. Our first payment was last month. We’ve just decided though to look for a bigger house. I rang the NatWest yesterday to see how much more we could borrow, but the computer said no due to something in our credit file but they couldn’t see what. We’ve checked out credit file this morning and both are excellent. My score on Equifax is 502 and Experian is 985. Partners is just as good. The only thing I can see is on Equifax everything is green apart from our new mortgage to NatWest is grey and says unclassified. It doesn’t show as a missed payment but our payment from last month is just not showing.  Does this sound like a reason why it would have declined? Do I just need to wait for this to be updated before asking NatWest again? 

Also are they able to actually see our credit report or is it an automatic thing that just comes back saying no? As if they could see the full report they could see there is nothing bad on there. 

Sorry for the long post. 

Ah that is a shame - what is the new loan to value?

StephAW

haras_n0sirrah said:

StephAW said:

We remortgaged a few months ago to NatWest and it started inSeptember. Our first payment was last month. We’ve just decided though to look for a bigger house. I rang the NatWest yesterday to see how much more we could borrow, but the computer said no due to something in our credit file but they couldn’t see what. We’ve checked out credit file this morning and both are excellent. My score on Equifax is 502 and Experian is 985. Partners is just as good. The only thing I can see is on Equifax everything is green apart from our new mortgage to NatWest is grey and says unclassified. It doesn’t show as a missed payment but our payment from last month is just not showing.  Does this sound like a reason why it would have declined? Do I just need to wait for this to be updated before asking NatWest again? 

Also are they able to actually see our credit report or is it an automatic thing that just comes back saying no? As if they could see the full report they could see there is nothing bad on there. 

Sorry for the long post. 

Ah that is a shame - what is the new loan to value?

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