tt lady: This is where a good broker should earn their money. Keep ringing them for progress reports which should prompt them to keep hassling Abbey. If you're confident of getting the loan in the end you could at least get the legal process going which should give the vendor some confidence. Will keep hassling the broker! We have ...

Not prevent necessarily but reduce the total you could borrow. I understand they take 3 - 4 times combined income then knock off your debts. So could maybe borrow about £240k assuming you have at least 10% deposit.

Just wanted to add my tuppence worth and say I applied for my mortgage through the abbey on 25th August and haven't had my offer yet. Got an agreement in principle before applied fully on 25th. They keep asking for more info, but bit by bit, first payslips, then bank statements, then evidence of my deposit etc.... which going through broker is ...

I got 4.5x salary with the abbey.

I'm just about to apply (got AIP and signing full application tomorrow) so was interested to read about yours and others delays. I read on abbeyforintermediaries.com that they have a service level agreement of 12.5 days for fully completed / supported applications through an intermediary which is what I'm doing so hopefully won't be ...

Would be great if rates stayed that way. Even for me who started uni in 2001 the capital would shrink faster. Of course by my calculations a 5k debt now would take until May 2081 to pay off if you relied only on the negative interest and didn't make any repayments yourself!

You're even less likely to get a debt consolidation loan than a loan for another purpose as anyone who needs to consolidate, and who (no offence) is in a precarious financial position is less likely to be able to pay a new loan back. Only advice is to ignore his requests and continue as best you can.

You have to decide whether you need or want liquidity for the future to make home improvements etc... without having to later release funds from your property through remortgaging etc... i.e. might you need cash in hand one day and how much? Purely on a financial basis you will probably be much better off switching from the ISA to mortgage ...

This happened to my wife and I twice, even though the second time the buyer had signed an agreement committing to buy the property. The time and effort involved in pursuing them in court meant we just forgot about it. Very frustrating! We're now buying without selling this time so hopefully it'll work out with Gazumping our only fear ...

I was in a similar position and spoke to my mortgage adviser yesterday who said that having mortgages "in the background" i.e. having another mortgage on another property can put some lenders off. You should still get a mortgage but maybe just not so competitive a rate, especially with only 10% deposit.