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mortgages for self employed
hi everyone first time ever on any forum....so here goes! wife and i both self employed having trouble getting a mortgage. although both our income figures have been consistant and wife always has accounts certified we just got mortgage rejected by alliance and leicester because wifes drawings exceeded net profit by £306…
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Do I need to claim for mis-sold endowment or am I too late?
Can someone with a larger brain than me please help? I have two endowments with Legal & general that are due to mature at the end of this year with details as follows> No 1 Policy. Basic Sum Assured £6468 Existing Bonus £7396 2008 bonus £ 173 Total sum assured and bonuses to end of 2008 £14038 Final bonus rate in 2008 45%…
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Natwest Lending Criteria on High Rise Flats
I've received AIP for 90% mortgage from Natwest. Anyone knows if they lend to ex-council flats? Understand that they also limit to buildings no more than 5 storeys. Is ground floor considered 1 storey? I am interested in an ex-council flat, brick built and 5 floors max, however, if you include the ground floor units, it…
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Mortgage provider's SVRs - info?
Hi all, My 6.14% 2 year fixed rate with Halifax ends at the end of September and my FSA said I should just go onto the SVR. I'm not sure exactly what that is, I think it's 3.5%? If it is it would save me £100 a month! I've been looking for an up to date list of the SVRs the different lender's have, is there a website…
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Overdraft Increase affect Mortgage Application
Hello there, My flat purchase is going along nicely and Contract Exchange shouldn't be more than two weeks. Just before I ask the question, just to let you all know I've got: * HSBC Credit Card- 1.5k limit, Hardly used at all (last time end of 08) * HSBC Authorised Overdraft- £500, never used in last 2 years As I will be…
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IR / SVR question
I'm about to go onto YBS SVR @ 4.99%,the BOE is 0.5%. If the BOE rises to 1% say,will YBS SVR rise to 5.49%? or does the BOE need to surpass 4.99% before YBS up the SVR.
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Mortgage Affordability Calculators
Just curious to know why these always include a section to input the persons outgoings relating loans but never seem to include an area to input other outgoings such as food, bills, council tax etc. Surely outgoings are outgoings whatever the purpose?
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mortgage offers
What are the chances of bieng turned down for your mortgage when you go to change your AIP to an actuall mortgage when you have a offer acepted on a property Thanku
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Nothing isstraight forward! - Proof of deposit
My family are providing some of my deposit from their ISA account.Mortgage leander and estate agent need to see proof of deposit, so will my relative need to go into branch or will their bank statement do?
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mortgage application with abbey
have applied for a remortgage with abbey to take advantage of the 5 yr 4.99 fixed rate. have gone through L&C and everything seems ok so far. i had applied for £56000 (£4000 to repay debts) against a property i bought for £145000 2 years ago The valuer has been out, abbey have suggested i increase my loan to £57500 to pay…
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How long to exchange contracts?
I have seen a home I wish to buy and have put an offer in. If the offer is accepted, usually, how long between now and till we exchange contracts?
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Concurrent Mortgage Applications
Is applying for mortgages with two firms at the same time illegal, or anything? I have applied for two similar products, asking for £60k on a 60% LTV. Both to me are good rates, and offer me no fees until completion - so I thought it prudent to hedge my bets and see what I'm offered at the end of the process. The product I…
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Mortgage issue with being 53 and having proof of paying repayments after 65
Hi I hope someone can help. My product comes to an end in September and I am continuing with the Abbey, I now what to borrow extra money..I am 53 and for the first time they want me to prove I can pay the repayments after retirement age as I am borrowing more money ( ie how much is my pension). My current mortgage is fine…
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Valuation report repair costs (legal side)
Today we finally got mortgage offer from halifax :j However our homebuyers report was also received with several issues needing urgent attention. Regarding the legal end im wondering what the choices are....Ideally we would prefer to get quotes to ensure work is completed to our satisfaction and seller could pay us or…
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Abbey mortgage - permission to rent property?
I currently have an Abbey Flexible Plus tracker mortgage at BOE + 0.49% for life and may need to move abroad for work for a couple of years, so would need to rent out my house. Does anyone know how Abbey are likely to respond to a request to rent the property, the T&C's suggest that they may vary the interest rate, so I'm…
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Mortgage Broker or Direct to Building Society
Im moving house. So i approach my Building Society & like the new mortgage package on offer. My estate agent arranges a meeting with their Mortgage Consultant/Broker. Their offer appears to be EXACTLY the same as my Building Society. Same lender, same package. They also offer to assist the whole process - no fees involved.…
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Mortgage with adverse credit?
Can anyone tell me of any companies that are still offering mortgages despite adverse credit? We had an AIP from RBS on the basis of 4.25 x combined salary. Loan would be 110k and the purchase price was 175k - we were putting in a deposit of 65k. That house purchase fell through and we had a new offer received on another…
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Applying for Mortgage with 6 month contract
Me and my partner are looking to move house and currently trying to figure how much we can borrow, i have a quick question I am on a full time contract and my partner has just secured a 6 month maternity teaching job, Question is - will i be able to use her wage when applying for a mortgage or not? (or just use mine only?)…
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Declined for NR Payment Holiday – Advice / Opinions Please
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Early settlement of 7 year mortgage
We are looking to pay off repayment mortgage (3 years paid of 7 year mortgage) In doing this we will incurr an early settlement fee, should we pay off or set up an account to pay off each month ? Thank you MC
