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transfer of title remortgage nightmare.!!!!
hi i'm after some info, * bought house for 135000 with partner 3 years ago * split up with partner house now worth 135000 * 130000 still left on mortgage * i'm a self employed joiner with stacks of work. my turnover is £110000 gross 60000 net 20000 profit with 5 years of accounts * no debt apart from a credit card joint…
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P11D Benefit in Kind Taxation Robbery
I am hoping someone might be able to offer some advice on how I should proceed with the following issue given that my MP received a blanket response from the Treasury and my Employer does not want to know. I took out a variable rate mortgage with my employer in May 2008. The product is a 2 year tracker which tracks the BoE…
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Do lenders always have to undertake a valuation?
Hi, As it has been years since I mortgaged and I am now considering changing lender, I was just wondering do most lenders have to instruct surveyors to physically come to the property or do they mainly do drive bys? I'm sure the lenders charge for full valuations even though some of the time its just drive bys that are…
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mortgage with no proof of income
Hi,my husband and i want to buy a house for £240,000,we have £220,000 to put down but need a mortgage for about £30,000 only problem is we have no proof of income,what are our chances?
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How reliable is Halifax
Hope someone can help, hubby went to see halifax on friday and after they did 'their own credit check' they are happy to give us a mortgage. All we have to do is come in with hubbies 3 tax returns and our deposit and that's it. The advisor even told him that we can go and make a verbal offer if we want to with the estate…
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Standard Variable Rate Mortgages-Defaults on credit file if reduce mthly repayments?
My husband came out of work in June of this year and signed on for job seekekers allowance, subsequently our total household income inclusive of all available benefits does not cover our basic household outgoings and we are thefore struggleing to meet our standard variable rate mortgage repayments. I have had a meeting…
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are mortgage offers based on pay before or after deductions?
just playing around with figures to see what kind of mortgage we are likely to be offered. when calculating mortgage offers, do banks base it on your salary before deductions, or on what you actually take home?
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intelligent finance morgage
We are with intelligent finance for our morgage we have had a few letters from them over the last week and i know there have been people asking questions on here about IF morgages .The letters are about IF no longer doing morgages .I am not very clued up on morgages but i have a few questions is our morgage still with and…
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Mortgage Underwriting - From The Underwriter's Point of View
In a previous life I used to underwrite mortgages and have been asked in a PM to share my thought processes when making lending decisions. Having replied to the PM, I thought I would post the detail here as well. This should be read in the following context: - I was working for a mianstream high street lender (different…
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Homebuy direct- independent financial advisor query
Hello all Me and my partner are looking to buy a house- We have saved up a good lump sum for a deposit, however, because my partner is self-employed the banks want 15% deposit, which is impossible to obtain. Especially since the birth of our 8 month old baby!! We were looking into the homebuy direct scheme, and we have…
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Who decides how much my house is worth?
Hi there - After we have paid off all our credit card instead of moving we would like to stay put and add an extension to this house. This far outweighs the costs of moving - bigger mortgage etc. Now we owe £59000 on the house and having been overpaying £100 per month anyway. I phoned HSBC to get an idea of the additional…
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first time buyer mortgage
Hello, I am considering putting in an offer for a house where i live (slough) and am wondering what kind of mortgage would be best for me. I am a first time buyer with a deposit of roughly 60% of the house i am interested in. Would an offset be worth looking at?
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10% deposit...?
Hi all We're hoping to move house. We've got at least £10k equity in our house - possibly £12-13K if we're lucky. It appears most lenders at the moment will only accept a 15% deposit, but for the houses we're looking at, our equity only represents a 10% deposit. Are there any lenders out there that will entertain us? HSBC…
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Online mortgage application
Hi there, Long time lurker but first post, so please be gentle! :o We are looking to apply for a mortgage for a shared ownership property with Halifax and were wondering what would be the quickest way to go about it? We have an appointment to see a mortgage adviser in a Halifax branch on Thursday, however if possible would…
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What mortgage?When considering renting a room out?
Hi all, I plan to buy with a friend, a 3 bedroom house, with then option to rent a room out if we wanted in the future. Now looking at mortgages, i have discovered that if i intend to rent a room out, tthen my mortgage options are greatly reduced, as the reference to renting out a room is not preferred with most mortgage…
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Northern Rock - standing order
anyone know if NR will take SO for their mortgages rather then DD?
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Mortgage Loan Agreement
Hi I wondered if someone out there could help me? I completed the purchase of my house on the 26 Feb 2009 and about a month after had lots of legal stuff sent through including the deeds and copy of the land registry change. I bought my house with a mortgage and the loan agreement was sent to the conveyancers where we…
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Mortgage SMI
Hi, I get my intrest paid on my mortgage by the benefits agency but they pay an average of the top 5 lenders debit intrest rate. As I have kept my payments up and I have a low intrest rate on my mortgage I am now in a pay ahead situation on my mortgage interest. Can I claim this back of my bank ?
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Can I get second mortgage?
Hi everyone, My wife and I would like to buy a flat nearby (122k). Currently we own our house with a outstanding mortgage (29k) with Ing Direct. We have a deposit around (35k). Can we get a mortgage for the flat we want? We contacted Ing Direct, they can only offer a small one. We are wondering if any lender will lend us…
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Advice about my fixed rate ending please.
We have a fixed rate mortgage with Britannia building society, it was for 10 years and it is due to end in May next year. The problem is though, we are not in the same financial position as when we took out the morgage, and will still have 15 years to go. Firstly my partner is now out of work now. Secondly we are about to…
