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FTB Declined by Nationwide
I applied to nationwide today through my broker and was declined:(:(, not sure of reason why, she has told me it has been referred to the business manager. I have a 60 default registered in 2006 and settled in august 2009 as I did not know about it until I checked my file, also 4 recent serches on my file from the bank…
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85% LTV - What to do for the future?
My house is worth in the region of 150 - 175k (not sure as few sell down my road and I have no idea how a lender will value my home). Currently I owe about 135k. My mortgage right now is great, I am on the Nationwide SVR. The problem. I am thinking of going starting a business of my own (currently employed), this I know…
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Fixed rate ending soon, best way forward?
Very briefly, Halifax fixed rate ending in Nov 09, owe £120k on a 17 year term, am looking at remortgage and change to their 5.79% fixed rate for 5 years and in turn reduce the term to 14 years. Conservative LTV is 73% based on their calculator but Zoopla suggest the house value is £180k as opposed to the Halifax of £164K…
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Buy to let mortage - condition of property
Hi My partner currently has 2 buy to let propertys, we have recently been looking at a third property which would require a 60% Ltv mortage. The only thing is the property needs some cosmetic work, i.e wall paper falling off the walls, new carpert and garden needs doing. Everything is technicly functional, it has been let…
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What is sensible borrowing?
We all know that many people have been taking mortgages out that in truth they cannot afford. My question is this, and I’m after opinion really as I suspect there is no true answer. What’s classed as a sensible earnings to borrowing ratio? If you want to use my situation as an example that would make things easier for me…
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Best 5 year fixed rate mortgage 60 LTV
Our LTV IS 60%. The best 5 year fixed rate mortgage that i can see is 4.99% with Britannia. Does anyone know of a better 5 year fixed rate that this?
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OH is not on electoral roll, expect problems?
My OH is foreigner, living here for 2 years and having visa of family member or EEA national (me:p), means he has all EEA rights. However, he is not on electoral roll because he has no right to vote here yet. I understand that this might affect our mortgage application. Shall we explain our situation to the bank straight…
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How does my mortgage work??
I have 2 seperate mortgages for my new house - 1 for £43,000 on a tracker set at 0.99% above base and then some additional borrowings for £69,000 currently on a 5 year fixed term! Before I moved (and therefore needed the extra borrowings) I was on a 5 year term tracker and someone told me how to (roughly) calculate how…
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Refund survey fees, what are the chances?
We are using a broker and applied for a mortgage to purchase a property which is currently 8 bedsits, with the idea of converting it back to one property. Our broker had a decision in principle from the bank lending us the money, so we proceeded with the survey. Survyors report came back, little bit of damp, usual stuff…
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Shall we move house?
I've been thinking about moving for the last few months but not sure what to do so any advice would be appreciated! The house my husband and I live in is in my sole name. I bought out my ex 4 and a half years ago and to do this I think my mortgage broker had to exaggerate my salary! Our main reason for wanting to move is…
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Alliance and Leicster 3.99% scam,PLEASE HELP ME
Hi there people, sorry for my first post being a help required one ,i have lurked here for quite a while and it was on here thhat i saw the Alliance and Leicster 3.99% fixed deal.I applied for this and started paperwork etc in march but due to a few problems it has only gone thru.The deal was 3.99 5 yr fixed,no fees and…
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Advice about early repayment charge
I'd like to get opinions on my next move on the following..... In December we put our house on the market and we were told from day 1 that if we were within 3 months of the end of the mortgage that the early repayment fee would be waivered (Mortgage finishes at end Sept) and we could start a fresh mortgage on new rates.…
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First time buyer advice
Hi I am looking for a little bit of mortgage advice as a first time buyer. I am a single mum who currently works part time as a teacher. I currently rent and pay £400 a month and do not recieve any help towards rent as I earn too much. The house next door but one to where I live has come on the market for £60,000 and there…
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Last payment on endownment
I have mortgage endownment policy that has a start date of 13/04/1988 and an end date of 13/04/2010. The first payment was paid 13/04/1988, when is the last payment, 13/03/2010 or 13/04/2010 and when should I expect the money? This is now with the Prudential but was originally Scottish Amicable. Ron
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Is this buy to let or not?
Hi Our situation is that my husband and I owned a house outright with no mortgage. A few years ago we remortgaged (LTV is about 50%) and used the money to purchase a holiday home. My husband's elderly parents live with us in the house. Room is at a premium, and if we decide to have children, we would want to move out so as…
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Co-Op 5 yr Fixed or Capped Tracker vs Abbey 4 yr Fixed
I am looking for a bit of advice from someone who understands this. We are FTBs with £72k deposit for a £157k house looking to borrow £85k. My mortgage broker has suggested that the best deal we can get is with Abbey's 4 year fixed rate mortgage at 5.09%. There is a fee of £995 but the valuation is free and they offer £250…
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Proof of deposit with HSBC
Hi, i am applying for a mortgage with HSBC and started to worry about proof of my deposit. My deposit is mostly savings (HSBC account) and a gift from my parents. Will I have to prove that it is a gift? My parents live abroad and sent me just an international wire transfer.It will be really difficult for me to get some…
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Using a loan as a mortgage deposit.
Hi, If I was to use get a loan for approx £10,000 then add £10,000 of my own savings giving me £20,000 as a deposit, would this work? Im struggling to save the additional £10,000 needed towards getting my 20% deposit. I have no other outstanding debt. Thanks, Ian.
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HSBC countersigned by auditors
I have a mortgage going through with HSBC they are being so slow about this now and i am getting really quite annoyed. I spoke to the underwriting department today and he has said that it is waiting to be countersigned by the auditors???? What does this mean? Anyone able to help? Do you think i have got the mortgage?…
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Mortgage Application Query
Hi, My partner has just been offered and accepted a permanent position. It is within a different department within the local council where she has been working for the past 3 years. She has been contracting for those 3 years. She has a start date of 21/09/08 for her new permanent role. We are planning on applying for a new…
