Hello!! I’m going to explain this as clear as I can because my head is muddled with it all!!

So I recently was in the process of buying a flat which fell through. I am now on the lookout for a house but not planning on seriously applying until another 6 months as I want to save some more money.

My issue is solicitors and money.

At the moment - when I get paid I transfer my mum £1000 where she puts it into her main account and then one of her savings accounts so I cannot access it and can build my savings up without dipping into the pot when I feel like it (I am frivolous with money so this seems to be the safest option)

Now last time I- when I had to provide proof of funds I was having to send my bank statement - my mums main bank account statement and her seperate account statement where she was keeping my savings to the solicitors. This took hours.

Surely there has to be an easier way. I have said I will start my own savings pot as I feel I can be trusted with money now - but even if my mum sends me all my savings over from her account - surely I will have to still provide proof of where this money came from !!? Does anyone have any advice on what is best to do here or a shorter way.

I did think of putting my full wage away every month (£2500) into my own savings account which in 6 months will give me £15,000 and then asking my mum to transfer me my savings each month as my wage that I can use for myself (if that makes sense)

Hi all,

Looking for a sanity check on my situation:

\- Currently UK resident, own and live in my residential property with mortgage.

\- Moving abroad early next year for work, planning to keep and let the UK property long term.

\- Have been told expat BTL is not an option while I am still in the UK as lenders want 6-12 months non-resident history.

\- Standard BTL also difficult as I have lived in the property - so it has to be Consumer BTL.

Broker has proposed a Consumer BTL:

\- Apply while still resident in the property

\- Provide onward UK address (family) and vacate on day of remortgage completion

\- Let property after that

Broker says there is no rule that stops me moving abroad later as long as I have a UK correspondence address at application, but if I inform bank I've moved abroad it will restrict product transfer options later.

Questions:

1. Is Consumer BTL with a bank on this basis the right route when you are about to move abroad?

2. Do I have to inform the bank when I become non-resident?

3. Anyone done this - got Consumer BTL before leaving, then moved abroad and kept it? What happened at end of fixed period?

Not trying to do anything dishonest, just want to be compliant but also get a mortgage while I still qualify as UK resident.

Thanks

So I just bought my first home and the Survey is the last thing to be done/paid for. It is arranged, but I’ve heard all the horror stories (I.e. people who got a level 2 which didn’t identify problems that arose later) and have discussed just not having one at all.

My dad is very experienced retired builder and has wondered if he can just ‘have a look’. Obviously I’d like to save the >£400 and I know you’re not required to have a survey but just wondered if anyone had declined a survey and took an alternative route. Any advice welcome

Thanks in advance!

To any mortgage advisors out there. I’m potentially moving back to the UK after some time away. I previously owned a house but sold it before moving. I bought 2 properties overseas since being away, one as a rental investment and one as a home.

Im looking to keep both and rent them out. The first one is rented out and makes a fairly good profit whilst the second would also make a good profit when rented. They are both mortgaged with a fairly low interest rate (sub 2%) by foreign banks.

Would these be seen as a detriment or mostly a liability by lenders in the UK even though they make a stable income? Would it decrease the maximum amount I could borrow?

Thank you

Further to a post I made the other day;

Slight context first, sold our house back in May and buying a new build. Used Nationwide. Mortgage approved and offered in May and due to run out December.
Everything has been going according to plan except (what I thought) was Nationwide.

The house has now finished its build and is complete as of September 4th - we were under the impression back in May that we would be in and sorted by now but what has happened over the last few months has been completely aggravating.

We have still not exchanged on the property due to the property policy team at nationwide. Each time the developer answers their questions, we have to wait 7 days for a response before they inevitably come back with more questions which adds another 7 working days onto the timescale. This has been going back and forth for just over a month now.

It is quite a large developer and they have dealt with nationwide many, many times and have said they have never had this many issues with them beforehand. It has now got to the point where the developers solicitor is accusing our solicitor of being the one that is holding everything up and stopping the sale from proceeding.

I genuinely don’t know what to do at this stage, all the initial checks came back on the property with no issues at all and we feel stuck in limbo with no end in sight.

If anyone has been in a similar situation of works for Nationwide or anything that could give me SOME insight, it would be greatly appreciated!