-
motgage problem
Hi guys, I have been turned down for a mortgage today with natwest, i met affordability wise i could have 144000 and i only wanted 80000, It said adverse data is the reason for the decline, i looked at my credit file and i have a default with o2 from about 3 years ago, i thought it should say settled or satisfactory under…
-
Keyworker mortgage
HI all, First off I am a keyworker, HM Forces, earning £42,000 and my only outgoings are utility bills as I have no loans. I am after some advice before I speak to a mortgage adviser. I am looking at purchasing a new Property for £190000. I am looking at the different Schemes and one is the homebuy scheme etc where you buy…
-
Advice please...
I have a question. It may seem pretty obvious to you lot but I dont know the answer myself. We are moving house and have got a mortgage with the HSBC (2 year fixed at 5.99% with 10% LTV). I am just wondering what happens at the end of the 2 year fixed with regards to finding another mortgage deal. Do we have to find a…
-
why hasnt anyone offered ANY advice!!!!
Hello all im a virgin poster so here goes! Im looking for some advice (if there is any) regarding getting rid of the equity loan we have with TVH.Ok here's our story , rented for years and found it v.difficult to save the amount required at present to get a deposit together for a house.I found out about TVH and mychoice…
-
A less than straightforward situation!
Hi, I'd be grateful for some advice. My partner and I want to buy a new home, we currently rent. We'll have a deposit which is approx £80k (35% of the purchase price), and the remaining mortgage would be just over twice our joint income. However, I'm about to start a new permanent job. I have a contract, and there's no…
-
halifax mortgage process...
I am currently going through a mortgage with the Halifax just wondering if anyone knows generally how long they take to advise of decision/mortgage offer. I have had my AIP and submitted full application, valuation has been carried out on property and everything was ok therefore just awaiting their decision.. any help…
-
FTB: Fixed rate 5.99%-2yrs or 6.29%-5yrs
HI, I'm a FTB and plan to avail a mortgage, massive amount of 225K along with my partner. HSBC offered 5.99% fixed for 2 years or 6.29 fixed for 5 years. Both options with 10% deposit. Is it worth it ?.. or are there much better deals around? Would appreciate any advice from experts out here.. thanks in adv
-
!!!!!!!
I have just had a mortgage advisor advise me to take out a loan to increase my despot from 20% to 25%. When I told him that I thought this was not allowed he replied ‘you could always be taking out the loan to buy a car’... I am gobsmacked! And yes the advisor was recommended by a major developer, needless to say I will…
-
Should we continue to over pay each month on our mortgage?
We took a 100% mortgage out 2 1/2 years ago and after the 2 years fixed rate expired our monthly payments dropped by £200. We decided to continue paying the same amount hence we are over paying by £200 per month. The value of our house has dropped by 15% and now we are in negative equity. We would like to move to a bigger…
-
Surrender ?Maturity Values
I have a Prudential with profits endowment (ex scot amicable) - does the surrender and maturity values quoted by the company take some account of the possible terminal bonus? Or are the values quoted excluding terminal bonus (if any)? Is there any where to find out the current terminal bonuses and a forcast for future…
-
Staff Mortgage or Market Mortgage
I work with a UK Bank <cough>bailed out by the UK government </cough> and there is the possibility to apply for a staff mortgage. I was considering taking a 2Year Fixed @4.79%. A similar product is offered by the bank to customer @5.69%. However, if one takes an employer mortage, they have to pay BIK on the difference…
-
Worried they won't offer us mortgage based on expenditure.
We have recently sold our house and had an offer accepted on our dream house. We are going to port our existing mortgage with the Woolwich and borrow a considerable amount more. Our total borrowing will be 3.2 x combined annual income. We have no other credit committments and pay our credit card off in full each month. We…
-
5 year term/ 10 year fixed?? please help
I am very confused about my mortgage deal, which I have signed to and been paying since 2008 The term of my mortgage is 5 years, however I have a fixed rate deal lasting 10 years. In my key facts it states that I will make 60 payments on the fixed rate deal then move to SVR in 2018? I now want to repay my mortgage but have…
-
Valuation Survey
I believe this has to be completed before a house can be purchased, do these surveys advise of the value of the property and is it possible to pull out of a sale if the property is valued at less than the agreed price? Thanks
-
Commercial Mortgage
Can anybody help me? I would like to swap my residential mortgage over to a commercial mortgage but can't find any info on this.
-
Mortgage Advice For A Newbie
Hi I am a first time buyer hoping to purchase a property for £123k, I am putting down a deposit of £61K and I will require a mortgage of £62K. I earn approximately £20,000 p/a. I have earmarked two potential mortgages and I was hoping to get some advice as to what is the better option: 1. Mortgage 1 - Base rate tracker…
-
Best Fixed Rate for 75% LTV?
Anyone know the best fixed rate mortgage for 75% LTV? Ideally want a fix of 5 or 7 years. Best I've seen so far is Co-op at 4.99%. Thanks
-
1.75 to 4.35 What shall I do?
I would be happy to receive words of wisdom on the following. I currently have a tracker of .75 above rate and have an offer waiting to be returned for a 5yr fxed at 4.35, resulting in a rise of an extra £200.00 a month. Am I mental to take this step at the moment? Now with reports that rates may not rise for 3 years I am…
-
Mortgage off fix in January - panicking won't get another
Hi My husband has been with abbey for his mortgage for past 9 years now and when we moved 1.5 yrs ago, we ported over & borrowed the extra. One part is already off the fix (great as £50 less a month) and the other part is due off in January. We are paying about 7%interest on the fixed part at the moment, as we borroed 95%.…
-
Mortage advisor?
Hi all, Ive been googling mortgage advisors around my area. Im struggling finding an "independant" advisor, Can anybody reccomend someone in the Warrington area? Thanks in advance Nathan
