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Mortgage Application Question
Hi, Just wondering if anyone knows why, on the mortgage application and solictors form, they ask if someone else is going to live in the property with you and they request their name and age (even though you are buying the property in only one name)? Thanks A
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Mortgage Admin fee £1495
Hi, I am applying for a mortgage of £75,000 and they are charging me an arrangement fee of £1,495. I am concerned when I pay this fee because if the sellers pull out the fee is non-refundable. I have already lost £600 in fees as a person buying my house pulled out at the last minute. Can I take out an insurance to cover me…
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Will I get a mortgage?
Current home owners with a mortgage of £95k, value of property is £110k fixed rate of 5.79 for a further 2 years New house is £150,000, salaries of £25k and £8,000 (part time) If we have £15k equity this would mean a loan of £135k agains 150k (90%) We have no loans or CC's or store cards. I aim to speak to our lender…
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Credit Check Advice
I am hoping someone can help me with what mortgage lenders put more importance on when they do a credit check. I currently own a property with a friend who is (hopefully) going to buy me out, I am then going to buy a property with my partner, with nothing to sell so we will need a new mortgage. My questions are: he has…
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Endowment Advice
Hi, My endowment policy is due to reach the end of it's 10 years and is currently valued at less than the money that has been put in. (No real surprise given the economic climate) I now have a choice whether to withdraw the money or keep it going for another 10 years. I would really like some good advice on what to do.…
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Is cheapest mortgage best?
I am looking to remortgage, as I am only in my early 20s and dont expect to move in the next 5yrs I thought 5yr fix would not be bad. I was dong some comparisons earlier and used the fsa tables as a base point. I sorted the deals in terms of initial rate (as its a fixed rate I am looking for) and then I compared the…
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95% mortgages for home movers
Hi, I hope someone can help me? Basically my husband and I bought our first home 4 1/2 years ago and we are looking to buy somewhere bigger, however obviously we are very unlikely to make any profit at all from the sale. We have a combined income of £60,000 and no children but only have enough saved for a 5% deposit on a…
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A&L New products released
Hi all, This is partly for others info but also asking for some advice. We bought our new build flat in the peak (summer 2007) and had a fixed mortgage for 2 years. Having come to the end of this have now reverted to SVR clearly very high at 4.99%. As we are viewed as negative equity there had been little option but to…
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Mortgage Holiday whilst in Fixed rate
Hi We are looking at possibly asking for a 12 month payment holiday but using the mortgage money to repay all our other debts in a 12 month period. Money is getting very tight and this would be a great option but wandered if anyone had tried to get a Payment Holiday whilst still in a fixed rate? Thanks
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What rate can we expect to pay - mortgage with CCJ
We have had an offer accepted of £242,500 on a house. We have a deposit of £116,250 and therefore need a mortgage £126,250. I earn £24k pa and my partner earns £12k pa. My partner has a CCJ and two defaults. The CCJ is unsatisfied, even though she paid for it some time ago. We need to sort out some paperwork for it to be…
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Same rate different monthly cost? Confused?
I was using the fsa table to try and get a quick grasp at some of the cheapest 5yr fixes at the moment. I sorted the results by cheapest initial rate as its a fix I am looking for and was then crunching the numbers to include the fees. At which point I realised; the Chelsea Building Society the 2nd cheapest initial rate on…
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Financial watchdog is investigating mortgage lenders
Millions of borrowers face unfair fines
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Overpaying dramatically, whats my limits?
im currently looking at buying a property, i work self employed in the music/night club industry, business is booming and will peak for 5 years at a guess im going to opt for a 25 year mortgage ( as you never know whats round the corner) but while business is good i want to be able to pay as much off the mortgage as…
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Mortgage advice please!!!
Hi, I was on a variable rate with the halifax and I went in to see them about changing to a fixed rate. The advisor told me to pay off £3100 to reduce the term meaning I would have 7 years left on my mortgage. She then set me up the fixed rate mortgage. I have just received today my mortgage statement and an early…
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New Build Homebuy - negative equity clause?
We bought a newbuild homebuy home 2 years ago, as we felt this was the only way we could afford to get on the property ladder. Back then we were able to get a 100% mortgage, so we must be in negative equity at present. We own a 40% share in the property and feel that the £450 per month rent we pay is quite a lot - and this…
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Secrets to Getting a Mortgage
I found a really useful site that talks about what mortgage lenders are looking for and what you should do to increase your chances of getting a mortgage. The site is www.getthatmortgage.co.uk
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mortgage
Good Evening all. just 1 question can i claim back charges if so what can i claim and how do i go about it. thankyou BBW
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Which of these deals is best - am I missing something?
They both look very similar to me. Which do you think is best? Britania 4.34% for 36 months, then 4.49% variable rate. Early repayment charge details: ERC - 3% of the amount repaid in year 1, 2% in year 2 and 1% in year 3. The mortgage exit admin fee is £160. Set-up fees: £599 arrangement fee payable of which £150 booking…
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Higher mortgage rates are here to stay?
Cityam, a popular free business daily newspaper says that higher rate mortgages are here to stay because banks have to prop up their capital. What do you lot reckon? http://www.cityam.com/news-and-analysis/Allister-Heath/a5ivkertvv.html
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New Builder price reduction
hi there. builder had some houses for sale at 135000 Some have now been sold at this price. builder has now reduced price to 116950 to get rid quick so they can get on with the rest of the new estate. Therefore.. what value do i state to a mortgage lender when i apply for a mortgage of 75%. the 135000 or the 116950? Do i…
