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fair credit rating & 20% deposit
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Help please
:confused: Hi, I have seen a house I am interested in, the house is up for 129,000 just reduced by 10K, now I have about £72,000 in the bank from a sale of a house about 2 years ago, obviously I would like to keep a little of that for emergencies etc.... I have been looking through these mortgages on offer and am totally…
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Prudential Endowment Update Letter
I've received our endowment update letter today. We took out a Scottish Amicable endowment in Sept 93 and am now with Prudential It matures in September 2018 and we have paid £104.50 per month since 1993 hoping for a payout of £75000. I have always taken serious notice of our amber alert letters and paid a lump sum off…
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Building Society Takeover
I'm currently on a good deal with the Newcastle. 0.5% above base rate. I've just read that they may have been in talks with the Skipton. I was wondering what happens to existing mortgage holders. Do they lose their deals and get shoved onto whatever the new society decides or does the new society take on the liability?…
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Independent Banking Advisory Service
Has anybody got any experience of using the Independent Banking Advisory Service (IBAS) to negotiate with Mortgage Companies regarding unfavourable rates, term lengths or shortfalls? They claim a great deal on their website, with endless testimonials, but are remote (web contact only), expensive and are barely mentioned…
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Including partners income even though they cant go on mortgage
I am currently trying to get a NR mortgage ported into my own name, the 2nd name on the mortgage wants to come off and I want that as well. I have lived with my partner for just about a year, they have a bad credit history therefore I wont apply to have them put on the mortgage but could I tell NR about their income as…
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My FTB deposit was funded by...
My 15%+ FTB deposit was funded by bank of mom and dad frugal savings what savings? bonuses I deserved bonuses I did not deserve
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Help mortgage application p60 problem!!
Hello I wonder if anyone can advise? I am undergoing a mortgage application after my offer for a property was accepted. My bank have evidenced my income/wages through my bank account and verified the deposit. However, they require my recent P60. I'm a contracted worker and use a payroll service to calculate my wages and…
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any benefit to ditching my part 'Interest Only' mortgage?
bit of background - original endowment mortgage taken out in April 1987 - too early to claim misselling (I tried!) - like a lot of people started getting letters re shortfall - so when we moved 4 years ago I put part of the mortgage on IO that would be covered by the endowment & the rest on normal cap & Int repayment -…
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Urgent Help!!!!!!!!!!!!!!!!!!!!!!!!
To cut a long story short, our buyers have been waiting 10 weeks to get the survey done on our house through Abbey. Due to this taking this long the everybodys solictors have just about done everything, so we're ready to start to sign. Today the survey came back saying its worth £200k, but we agreed £205k, so its 5k…
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Got mortgage offer, should I apply for another ?
FTB, I applied for a mortgage on a 80% LTV but at the final stages of the process the underwriter said they will only give me 75%. As I had been assured 80% was okay up to this point and I had spent so much time waiting, I felt I had no choice but to accept and somehow find the 5% extra deposit. The thing is, now that I…
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The Mortgage Business
Does anyone know TMB's SVR?
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Remortgaging from having no mortgage
Hi all We currently have no mortgage but we're looking to do some debt consolidation and home improvements so have been looking at remortgaging. Daft question but are we effectively FTBs again - in as much as our property is effectively our deposit. HSBC online have asked for the valuation for the property which obviously,…
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want mortgage but no deposit
My partner and I have found a house we really want. Its £80000. We have no deposit and know there is no such thing now as a 100% mortgage. We earn between us £28000 a year. Is there anything we can do? :confused:
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How long do mortgage applications normally take
We received a mortgage promise from Halifax 2 weeks ago today, last week we received an approval in principal; last Friday we were told by the Broker that we should receive our mortgage offer on Monday (yesterday) today the Halifax have advised that they are snowed under and they haven't looked at finalizing our…
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Remortgage
Hi, I have now come to the end of a 2 yr fixed mortgage deal with Abbey and I have been advised to fix for 3, 4 or 5 yrs. Any advice please on this? Thanks.
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Admin Fee - Refundable?
Looking for a bit of advice........I made an application for a mortgage with a non-refundable £199 admin fee. I went on holiday and on my return had received a letter from the mortgage company telling me that they could lend me around £5000 less than what I needed as; a) the house had been undervalued b) they had changed…
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Remortgaging and names on property deed
Need a little advice, I own a house with my brother. We own the house outright, no mortgage, fully paid for. He has some debts that are frankly too much for him and after talking to various advisors the best option seems to be to remortgage the house and pay off his debts so that he has a single managable payment. We both…
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Strata Homes offering 100% mortgage - application success?
a young couple i know, 22 & 23 years old, have paid a reservation fee on a new home by Strata. i think the main reason they've gone for it is the offer of a 100% mortgage (fixed @ 5.99% for 2 years) arranged via the builders with Yorkshire Bank. It also includes the legal fees paid by the builder too. i just wondered if…
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survey done,now with underwriters
Hi mortgage application was put in 2 wks ago it came back as accepted no further documents required. Survey was done friday and halifax have said today all was fine. Broker has just rang and said it has now gone to the under writers and she is hoping that offer will be issued in 24 hrs.What I want to know is what exactley…
