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Getting an online account verified so that we can re-mortgage
OH and I are remortgaging and have found a rate etc that works for us. London and Country have been handling it and seems to be pretty on the ball so far. BUT the underwriters are INSISTING that we get our bank transaction records stamped as authentic by our respective banks. First Direct has done it, but Sainsbury's say…
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Mortgage Deposit
Currently in the process of getting my mortgage application sorted. Myself and my partner are buying the house, but the mortgage is going to be purely in my name and based on my income etc. I've just been ased for proof of deposit from the bank. Now the deposit is being funded predominantly by the money from the sale of my…
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Why were we refused..???
Currently have a small mortgage (65k against property value of 700k),and wanted to change for a better deal. We were refused-despite having excellent income (150k), and absolutely NO other debts,no credit cards owing ,car loans etc, nada.... Have checked Experian, and we have an old default on there from 2005 (it was my…
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black and white mortgages struck off: question
Hi I had a call from Kensington today about a secured loan. Surprisngly it was good news rather than bad but sounded a bit odd. The secured loan was through Black & White who apparently have been struck off for dodgy dealings. According to Kensington I am due a fair bit of money back regarding fees etc that B&W charged.…
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Does ex partner have to pay mortgage?
Hi im asking on behalf of my cousin - her boyfriend of 8yrs has just left her for someone else....shes panicking about the mortgage etc they have a 7yr old son together. Does he have to pay the mortgage or not - at the moment he is point blank refusing .she dosent work and he runs a butchers shop.... any advice…
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first time buyers fix or tracker?
Hi, my boyfriend and i are looking to buy a house of £200,000. we have a deposit of £65,000 and have put £5000 aside for solicitor fees etc. We have been offered a tracker at 2.94% and a 10yr fixed for 5.89%. We have no credit card bills or any debt to pay off. Between us we have 37k income a year. Should we do the tracker…
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I have a default but can I be economical with the truth
Hi there everyone. I applied for a mortgage last week and the DIP was passed. I then provided all detailed information to my IFA wo submitted a formal application to the lender but they came back and declined with a default showing at a previous address. I put down 3 addresses within a 3 year period but there is actually…
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Mortgage application advice
This is my first post and I was hoping somebody could give me some advice - its quite a long post so I apologise. Basicaly myself and my partner are hoping to buy our first house, we had a combined salary which means we can afford to buy a place for £140K however we wanted smaller re payments so found one for £103K which…
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morgtgage sealing fee
Is a mortgage sealing fee a one off payment? We have an off set mortgage and have been paying a sealing fee quarterly for the past three years. Is this right?
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16k mortgage exit fee
I was charged an exit fee of 16k (which i knew about when i took the mortgage) however i have now proved that i was missold the mortgage in the first place, I have just been given back the brokers fee for the mortgage set up, Do anyone think i have a chance now that i have at long last proved that the mortgage was missold,…
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help needed. should i fix or not
Hi all just after a bit of advice, currently we are on a tracker interest only mortgage paying 0.5% per month. I believe i am one of the lucky ones who is on such a mortgage, paying £80 per month. My question is i'm sure the interest rates will rise soon. Should i stay as i am, or change to a fixed rate Mortgage? We're…
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Clueless first time buyer - do you think we'd get a mortgage?
Hello MSE community... fancy giving some guidance to a clueless first time buyer?... * Been self-employed for one year, turnover £50k, business doing well and on the up * Wife is on £35k, stable long-term job * Got a deposit of £50k and a family guarantor * No debts and a decent credit history between us Could we get a…
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Best buy to let mortgages on the market
Hi there guys I'm looking to remortgage on my current BTL (currently on a LTV of about 50%) and raise a little capital and bring the LTV closer to 65%. Firstly from previous conversations with HSBC it seems unlikely they will be prepared to remortgage or give me any help (as is so often the case for loyal customers) - I…
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should i fix or not
Hi all just after a bit of advice, currently we are on a tracker interest only mortgage paying 0.5% per month. I believe i am one of the lucky ones who is on such a mortgage, paying £80 per month. My question is i'm sure the interest rates will rise soon. Should i stay as i am, or fix? We're currently paying £300 in…
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Paying Mortgage off Early
Hi, I have a friend who is in the process of paying off his mortgage with his lender - nationwide. Do you think it would be better to leave a small amount left on the mortgage so that he does not have to pay to have his deeds stored safely ? Any advice you can offer asap ? Thanks,
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Advice please - planning to retire
Hi Sometime in the next two years I hope to retire. We own our house valued at 135k (mortgage paid) and would like to buy a retirement cottage for around 250k. Other assets (ISA's etc) are around 200k. The thing is we would like to buy the cottage before selling the house (to keep control over the timescales) so need a…
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Porting Nationwide Mortgage
Hello all! - I am in the process of moving house & porting my existing Nationwide Mortgage fixed at 5.68%. I overpaid this mortgage regularly and such there is only 32 months term remaining. Had I not overpaid there would still be 40 months term. In the new arrangement this mortgage is referred as 'Part 1' and the extra…
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Interest only vs repayment mortgage
We ahve approx 132,000 owing on a 22 year mortgage. We are repaying, but are now due to remortgage and it has been suggested that we go interest-only and stash the 'saving' into a pension, with a view to using the tax-free lump sum which will pay out form the pension to repay the mortgage on our retirement. Does anyone…
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Mortgage Advice
Hi, Been a bit hasty and need some advice as to what to do. I'm currently on an SVR of 2.5%, outstanding mortgage amount of 130k, valuation about 220k so slightly better than 60% ltv. Over the summer, I got a bit jittery and agreed a 5 year fixed mortgage at 4.5%. I'm intending not to draw down the money 'til January but…
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First Time Buyer
Hi, After many years of debating(many for and against!) my wife and i have decided to go on the property ladder. Im sure you have had this problem on the forum before with the dreaded word DEPOSIT.... We both bank with different banks. The wife earns atleast 2X what i do (totaling £35k Approx) We have a mortgage in…
