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Could mortgage been denied cos of statments?
Hi I have had my mortgage accepted by Portman and now all they require is i send my 2 latest bank stataments in as i have already sent all other info. I was just wondering is their any chance i could get denied if they dont like what they see on my stataments? the reeason i ask is because i do like to have abet or 2!!…
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Moving house - alliance & leicester mortgage
Hi, we're planning on selling up and moving to another area. We've got an alliance and leicester mortgage (2 yr fix). What do I need to do with A&L re buying a new house? Does it get transferred or does a new one get taken out? Costs? Stevie
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Endowment
Took out 2 endowments totalling £70,000 through a broker in 1993 on his projected figures,we were never warned of any risks or possible shortfalls we actually have documentation from the broker showing a projected lump sum of at least £15,000 at the end of the term after paying off the mortgage. We received a red letter in…
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Reducing mortgage term
Hi, I am not allowed to overpay my mortgage by as much as I would like to, and I understood from reading posts on here that it is possible to reduce the term of a mortgage. So I rang First Active and enquired, and was told that I can't reduce the term, I would have to close the existing mortgage and take out a new one (at…
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reducing term
Hi, I am not allowed to overpay my mortgage by as much as I would like to, and from reading posts here, I learnt that it was possible to reduce the term of the mortgage to allow higher payments. So I phoned up First Active to enquire, but was told that I have to close the current mortgage, which is at 5.19% fixed, and take…
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Mortgage Advice - Knocking 2 Houses Into 1
Help!!!! We've made an offer to buy the house next door so we can knock ours and that one together. My current mortgage is with Nationwide and is for about £33,000 - the house is now worth about £130,000. I'm tied to the mortgage until July I think. I've also kept my old endowment policy going which should come out at…
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Mortgage Calculation - help please
Am I correct to understand mortgage interest is generally calculated daily though one pays the lender monthly? If this is correct, can I still use the formula that I'd use in Excel to calculate the monthly repayment amount [=pmt(rate pa/12,years*12,principal)] or do I need to amend it in some way? Please help! Thanks
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Buying property abroad - mortgages
I live and work in the UK but would like to buy property abroad in a country in which I am a citizen. I expect to return to live in that country in the next year or two. Should I take out a mortgage in the UK as I am currently living and earning here or is it more sensible to get the mortgage in the country where the…
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Bridging advice please
Hi, I’m currently selling my house and the buyers pulled out a week before exchange because he was self cert and lost a big contract so couldn’t get the mortgage he was hoping for. This is the 3rd sale to fall through and I’ve already invested the best part of £1000 in a new build with deposits, surveys etc and don’t want…
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Mortgage Advisers and Interest Rates
Given the importance of interest rates in the mortgage decision, what level of knowledge of the subject should one expect from an adviser? While mortgage advisers are not economists, should a buyer still expect the adviser to have a good knowledge of the context of the current level of interest rates and well as an…
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Swapping policies
We have recently changed our morgage but with the SAME lender. They have charged us £499 for the priviledge! Is this correct, surely not if with the same bank????? Thanks guys......seems it is normal. We are fairly new to this morgage lark and just didn't want to be ripped off! No more replies please!
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mortgage advice?
Hello My Father recently passed away and has left his house our family. Now it has been decided that the house if sold would be be given in 3 parts 45% to myself 45% to my Sister 10% to my Mum. Now after a few lenthly conversations with my mrs we have decided we would love to keep the house in the family and buy it…
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Woolwich vs Ipswich BS
Hello all, I‘m purchasing a shared ownership (resale) property and have been advised by my broker to either go with Woolwich or Ipswich Building Society. He mentioned, however, that Woolwich usually take 8 weeks to process an application. He said that Ipswich on the other hand are fairly efficient and manage to process…
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Mortgage Advice
I own my house outright. No mortgage. Paid it off few years ago. I need some cash. About 30,000 pounds. I was thinking that the cheapest way to get finance would be to mortgage my home. I would be looking to pay back the complete amount within 3 - 4 years. My income is low. I am self-employed on about 9,000 a year. We do…
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m'gage arrangement fees
every 2 years we have re-mortgaged with the same building society (3 times) and have been charged admin fees plus large arrangement fees approx. £250-£400 as we havn't moved building society i am not sure whether martin has included these arrangement fees as being un-ethical has he or not? can u advise:confused:
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Will I lose my flat if I port my mortgage but don't get accepted?
I want to release some equity in my property to pay off some debts. My plan was to port my mortgage, keep the same rate, and buy a cheaper property; ideally to have a smaller mortgage. However I have been told by my lender that to do this I will need to re-apply for a mortgage. This worries me because since taking out the…
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Does mobile bill count towards credit rating?
Hi All, I am in the middle of the application process for mortgage; my offer has been accepted and my application has been submitted. At the same time there has been a huge problem with my phone bill as O2 forgot to upgrade my contract and my bill came through for £97!! I contacted O2 who told me that they could not stop…
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Endowment selling through Integrity - warning!
Word of warning to those looking to sell an endowment through Integrity - don't!. After 8 months they have just said that for reasons beyond their's and the buyers control, they have had to withdraw the endowment from the portfolio to sell and I would have to start the whole process again. Absolutely shocking but a lesson…
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Broker's arrangement fee??
Hi I recently visited a mortgage talk broker, in order to arrange a mortgage for myself. With the criteria I was given a deal i was happy with, so i went ahead with this, and so signed all the forms, and paid the brokers arrangement fee. A week later I am told the mortgage had been turned over an affordability issue, I was…
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morgage help please!!
hello all i am very very new to this so please bear with me...my partner has a morgage at the moment with lloyds tsb (total losers) he pays 340.00 per month and has never defaulted as far as i know...had morgage for 6/7 yrs but in the last 1/2 yrs has been turned down for credit for what we can only think is sum defaults…
