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mortgage valuation
can you question a mortgage valuation that is too low? what can i do to buy the house?
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Can I Get a Mortgage that continues past 65
Hi, After separating I am looking a place of my own. I have a deposit of approx £30K and looking at borrowing approx £125K. Unfortunately I only have 15 years until I reach 65. This means that my monthly payments become extortionate. Are there any lenders that will allow me to borrow past 65? I do have various pensions…
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Mortgage deal end query
Hi All We are near the end of our 2 year fix (5.88) with Nationwide, our Mortgage now transfers to the Nationwide Base Mortgage rate (currently 2.5%) Obviously this now means that our repayments fall quite considerably (around £300), should we continue to pay the current amount we are paying, therefore making £300…
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showing/proving income for re/mortgage
hi just an enquiry, what are lenders looking for you to show income wise when either buying or remortgaging a property? is it last 3 months payslips or will your current p60 be accepted? also do they ask for bankstatements and will they need to see your monthly income coming in? reason i ask is coz my current p60 shows…
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Fix or not to fix
Hi, My deal with the Halifax has just come to an end. I was on a repayment mortgage with 111k outstanding. As our circumstance have changed, i d like to go on interest only for the next 3-5 yrs. With the goal to reduce my monthly repayments. I have a savings vehicle in place to satisfy the lenders. The thing im confused…
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Remortgage Valuation Process
Can anyone advise what the valuation process is for a remortgage - either with the same lender or a different one. Since the purchase of my house and taking out the mortgage, I have carried out some work on the house (adding conservatory, converting garage, update bathroom, decor etc), which I hope will have added value.…
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Plese help offer ends tommorow.
Hi all & thanks in advance. short as possible Lost job in February due to rescission .(building trade).transferred mortgage to interest only. wife works nurse so steady .(we owe no money/hp cars etc except mortgage) present deal soon to expire. House worth £225k had it valued by lender as did not agree with there initial…
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Saving money on Belgian mortgage in the UK
Hi - I am a Belgian professional living in London. I have a mortgage in Belgium for a flat I own. I am not paying any taxes in Belgium but pay taxes on my income in the UK. Does anyone know if I can save money here on the interests of my mortgage in Belgium? I know that this is possible for people working in Luxembourg and…
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Britannia mortgage application grind
Hello, I just want to share my experience and frustration at the Britannia mortgage application process. 1. Phoned Brit to apply for mortgage, very nice lady took our details, said yes to AiP and arranged for someone to call us 3 days later to go through full application. Great! 2. Man from a branch called, was annoyed…
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Selling endowment
I have tried ot sell my SL With Profits Endowmwnt through APMM but have been told they are not interested as it is unit linked? Any ideas where I go from here, other than just cash it in with SL? Cheers P.S. New on here, first post.
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Mortgage advice needed" where can i go?
I had an endowment mortgage, and as i was facing a shortfall i contacted my morgage lender and asked them if i can change to a repayment mortage - as i heard this was a right thing to do and it would pay off a majority of the outstanding mortage. They have sent me a form asking me which vehicle do i want to change to? 1.…
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Best account to save mortgage deposit?
Hi, some advice would be really appreciated here :confused: My partner and I presently rent a cottage. We have been told by the owner that she will wish to sell in approximately a year's time. She has said that we will get first refusal as she is keen to sell to us, so much so that if required, she will give us a few…
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Mortgage Advice - Credit Crunch Edition?
Hi moneysavers, :) I've not been on in a while but I recently got a letter through telling me my mortgage's fixed rate deal was coming to an end on 1st August. I've heard that its a great time to get new mortgages on excellent rates etc but I thought I'd check in here first since its served me well in the past. I had a…
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morgage arears
Hi there I am hoping someone can help me, My husband and I had mortgage arears of £3567.00 and we were a month away fron reposession with four young children, so cap in hand I went to my parents who agreed to bail us out. I contactd the mortgage company and asked for final figure of arears, I paid junes payment in may and…
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should i over pay on my mortgage
hi we have a mortgage with the coventry building society at the moment which is on a tracker 0.75% above base rate, (this product is portable and we can take it with us to buy our new house) we used to pay £588.00 now were paying £358.00, and i was thinking of over paying to save on interest. we have the house on the…
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Payment Protection
Hi everyone I have recently changed jobs and this has meant becomming self employed. Basically I am contracted to a company on a permanent basis but i do not recieve holiday or sick pay and have to sort my own tax out. I have recently bought my first house but would like some payment protection on it. I have been looking…
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Flexible offset mortgage
Hi I have a very low mortgage rate of 1.5% and was going to reinvest some but my mortgage lender says that it i would have to be offered an interest rate of 4.75% before it is worth taking any money out. That seems a lot to me as I worked out I would only need more than 1.9% to start making a profit. Can anyone…
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Remortgage - valuation?
My tracker deal doesnt run out until december but just wonder how things work when it comes to remortgaging. When I bought the house 18 months ago, it was on the market for 200k, we bought for 180k and took a mortgage for 150k (83% LTV). The mortgage company had it valued and they came up with the same value of 180k…
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Mortgage chances?
Hi all can anybody tell me our chances of getting a mortage on a property worth £250000 needing mortage for £210000 got combined ccard debt of 20k and personal loan 8k outstanding looking to put our house up for sale when ccard debt down to 5k .should be october (selling caravan 10k soon) just checked experian credit score…
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Aviva reattribution
I have had a £34,500 endowment for 18 years, although it is only likely to pay £20k. Aviva have asked me to vote yes to their reattribution - offering me £373.00. Is this a fair offer and should I TAKE IT?:cool:
