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Has anyone heard of Lifetime planning ltd?
Hello, Hopefully someone can help, We are looking to buy our first property in Edinburgh for £139,995 with a deposit of £25,000. The property is a new build and recently many mortgage brokers have stopped giving out mortgages for new builds without a 25% deposit, this would be an extra £10,000 which we don't have. We have…
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Ulster Bank (so slow)
Hey I was wondering if anyone had any dealings with the Ulster Bank in NI? We have gone through a broker and went sale agreed on a property 4 weeks ago, we then had all the info with the broker the next day. the Ulster bank have been so slow and came back to us 5 times looking more info. is this common and why do then not…
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Shared Owneship advice please.
Hi all, I am a first time buyer looking at a shared ownership scheme. My situation is fairly complicated but based on what I have read this may be an option Firstly I would be looking at buying with my wife our combined income is 47k, however I have a CCJ in my name so I cannot be on a mortgage. I would like to know that…
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Urgent Mortgage advice please - is this miselling??
Apologies I've deleted in case I need to make a complaint. thanks
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Moving mortgage to new property
Hi, Wondered if anyone could help me ? I currently own a property which is worth £140k and have a £112k mortgage. I have been left some money and want to move to a new house however ..... hubby and I are on a repayment scheme to pay off our debts so we have defaults. We have never missed a payment or ever been late with…
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Natwest Valuation Fee (expensive?)
I finally got through the 30 minute call with the Natwest mortgage adviser yesterday to apply for the 3 year fixed 4.39% interest only mortgage without a problem. My head was spinning at the rate at which the adviser was speaking at (they do this for a living so I can understand). Natwest stated that the basic Valuation…
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Interest only - Capital repayment
I toke out an Intrest only mortgage on my first home October last year due to the amount of renovation required i wanted to max my cash flow. I planned within 18months to start paying capital of the mortgage. The acutal mortgage i have if very flexible on repayments (Intelligent Finance). My question is as now able to pay…
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Mortage for Me (employed) + OH (self-employed)
Hello, My boyfriend and I are saving for a house and expect to have at least 10% for a deposit in early 2010 (fingers crossed). I expect we'll be looking at places for max £250k, so would be expecting a mortgage of approx £225k. OH went self-employed in June 2008 (after being employer-employed for years) and we've just got…
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how do i check my credit file?
Evening everbody, does any one know how i can check my credit file? I've noticed a few people have said they have checked theirs online but i dont know where, also will i have to pay? Im saving for a deposit with my partner at the mo so we can buy our house so just want to check our files are both in order. Thanks x
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Mortgage Arrangement Fees.
When my first two 2 year fixed mortgage ran out, for the privelidge of taing out a further two year fixed loan with the same company, at a higher fixed percentage interest, I was charged a fee of £2,500, which upon reflection seems rather extortionatefor quite a simple parerwork exercise, not involving any evaluations,…
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chances of underwriters approving mortgage application after bank fault?
My partner and I have been jumping through hurdles and hitting brick walls trying to amend a fault that has shown up on my credit record due to my bank not canceling direct debit and resulting to my account showing to go over my agreed overdraft limit. The bank have admitted fault and removed the late payment mark and not…
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Is 7.29% fixed fair for a 90% effective 1st time buyer?
I have a mate who is recently divorced. has found a house at 175k and has 17.5k to put down. He earns around 50k. A financial advisor has told him that a 7.29% 2 or 5 fixed is the best he can get on a 90% loan. This means he has to pay around £1100 a month back and cash is a little tight at the moment. I've not been in the…
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I don't understand this..
Hi, I'm holding my hands up to my ignorance surrounding all things mortgage related so bare with me in asking this silly, uneducated question. My mother in law has told me that she's on an interest only mortgage. They are both nearly 60 and told me that they don't have to go to a repayment mortgage. Now have I got this…
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Help advice please
I hope someone can advise me. I recently married my new husband and we live in his property which we have put up for sale. We are both in full time employment and have approx £100K as a deposit for new property. We went to the Nationwide tday (where mortgage is currently) and applied for larger mortgage in both our names.…
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Will this ruin my chances of a mortgage?
I'm not sure if this is in the right place, but here goes. Long story made short:- Received a letter from Abbey today saying I owed over £400 for a bank account I haven't used in 11 years, thought I'd closed it but obviously not and it was slightly overdrawn. They charged interest on it (not sure of the amounts). First I…
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Underwriter
I've submitted a change of parties form with northern rock to put my name on a mortgage but I was wondering what stage the process is at if the application has been passed to the underwriter. Does this mean the application has been accepted as a credit score has already been checked.
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Advice please re. equity/moving
I was hoping somebody may be in a position to give me some advice. Myself and my wife have around £185000 outstanding on our mortgage and out fixed rate (6.08%) with Nationwide is coming to an end as we speak and will be moving to their SVR of 2.5%. Our house has been valued by them at £187000 though an identical one…
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Joint Mortgage Debt. What happens if you have to walk away?
Just a quick question to see if anyone can help or has any experience with this. I have recently found myself in the position where I am not able to spend less at my current house than I earn. Long story short, my ex partner and I split 18 months ago and he walked away from the house without paying for anything toeards the…
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HE is being completely unrealistic...do you agree?
Hi I have posted for a while since last year. i was asking advice on behalf of my OH who own a property with his friends (2 couples living together). After 3 years we wanted to live on our own but with the faling market we didnt know what our best option was. In the end, the friends partner took over my OHs half of the…
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Let To Buy - what is considered?
If I wanted a Let To Buy mortgage, what income/variables etc are considered? Do they take into consideration any of the potential profit from the Let To Buy property, or would the lender only look at my salary? Basically how do LTB mortgages work? Thanks, L
