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HSBC Mortgages - experiences?
We have an application in principle for a mortgage with HSBC (but having read this site I fear that means very little!). We are awaiting survey results on the property and then intend to apply for the mortgage. I've read on here and heard that HSBC are very strict, my estate agent told me they are 'one of the toughest' and…
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First Time Buyer
Hi Guys I wondered if you could please offer me your advise. I am a first time buyer and have found a property I am interested in. I know your supposed to offer about 5-10% less of the value of the house to begin negotiations, but is their any other advice you could offer with regards to putting in an offer? Is it best to…
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mortgage renewal
Can anybody help on renewal of mortgage? I am with the nationwide at the moment and looking to get the best deal with any lender over 3-5 years. Prefer a mortgage without penalties for extra or early repayments.
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Getting a mortgage on non standard construction homes
:( I have lived in a council property for 5 years, and have the Right To Buy. However, on applying, I have found difficulty getting a mortgage, not because of my circumstances, but because of the construction of the house, it is made from Laing Easi-form. Today my mortgage advisor has basically told me to give up hope as…
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Halifax backed out - appeal process?
I'm in the middle of a house-purchase crisis. I found a house I wanted to buy and put in an offer which was accepted. I approached Halifax via a mortgage broker, applied for a mortgage and this was accepted in principle, subject to the usual checks (first-time buyer, 85%). My credit rating was clean, although Experian…
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Can you make more than one mortgage application at a time?
I have made an application with one potential lender this morning. The application is to remortgage my current home from a different lender. The application is a for a 2 yr tracker mortgage and requires 80% LTV. There is an arrangement fee but I am told that it doesn't become payable until I have signed and returned the…
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First Active Responsiveness
I have been trying to contact my mortgage provider First Active, part of RBS for 2 weeks now. I've called, held and now emailed with no joy. I've held for up to 15 minutes before giving up. I emailed in and I got a response saying that it is taking up to 5 days to return calls. I got a letter saying recently that they were…
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Joint Mortgage with break up advice needed!
Hi all, I entered into a joint mortgage last summer with my girlfriend. We did not have all of the funds required ( but have paid 50/ 50 on everything) and were advised to take a mortgage which would involve a penalty of £10k if we backed out within 5 years ( I have since found out this penalty is reduced per year until…
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What % of your income 'should' your mortgage be?
Hi, I'm coming to the end of a 3yr fixed term at 6.24%. I'm not yet decided whether to go for another fixed term or to revert to the SVR and see how that goes. Whichever I decide, as I expect that my monthly payments will go down, so I plan keep my monthly payments the same and overpay to reduce the term. I currently spend…
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Remortgage from interest only to repayment advice please.
Hi, I have just finished a 2 year interest only mortgage. Whilst i enjoyed the interest rate coming down, i would now like to switch to a repayment. I went for an interest only because i am disabled and unable to work. I now have a girlfriend who is moving in with me. She is in full time employment. I have owned the house…
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First time buyer mortgage with poor credit
Hi all, I'm a first time buyer looking get a mortgage and, whilst I have a sizeable deposit (25%) and have been debt free for several years, I'm finding it hard to get approved for a mortgage due to a poor credit history in the past. According to my credit report I have had a number of missed payments on credit cards and…
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Remortgage Advice
Before I start badgering my Mortgage Broker is it reasonable to assume the following House Value 630K Flat 1 Value 275K (rented at £900 a month) Flat 2 Value 225K (will be rented at £900 a month) Is it reasonable to get a 90% Mortgage on the house? And a 70% Buy To Let Mortgage on the two flats. The idea is to finance a…
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First Time Buyer Advice
Hello All, Myself and partner are looking to get our first house this year. We currently have a deposit of £30000 and the house value is £170000. I cannot be on the mortgage as I am self employed and only have 1 years books. My father will be on the mortgage along with my girlfriend. My father won't be living in the…
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BTL or residential what type should I get?
Hi I am looking to get a flat and I have agreed a price with an estate agent. But I don't want to live in it at the moment. My plan is to let it for the first two years until I can get in a better financial position. The problem is: 1. I cant get a BTL mortgage unless I find a 40% deposit. Which is beyond me at present. 2.…
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Help please - re mortgage
hi Please help! We have sold our property and were looking to purchase another. I wrongly presumed we would be able to get another mortgage without any problems, but I was wrong and am now panicking (alot!). The problem is that my husband is still on his probationary period at work and this is stopping some of the big…
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Flexible offset mortgage required
Looking to see if there is a better flexible offset than the following - Purchase: 450000 Loan: 337500 LTV: 75% Income Multiple: 5.5 Initial Interest 2.85% App Fee: 1000 Happy for the LTV to increase as have more funds available but need them for alterations to the property. Any ideas?
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Vendor Mortgages ... Help!?
Hi, Me and my partner are looking into buying our first home and the one we have seen is on the market for around £135,000. We need to find a 10% deposit. A colleague of mine has suggested talking to our bank (Halifax) about something called vendor mortgages? The vendor has told us that they are open to offers and my…
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Endowment; Note of interest.
Can an Endowment have two notes of interest on it? On Sunday one of my Endowments ended, so on Monday I rang Aviva, to check how much it was worth, and that it was paid out to Northern Rock, It hadn't been. According to Aviva, NR hadn't asked for it and also Halifax had a Note of interest on it, ( my Mortgage was…
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HSBC and First Direct
i am looking at HSBC and First direct for my next mortgage. does anyone have any experiences with these companies? Are they good for self employed people? I have accounts etc and good credit history? Are they a admin nightmare?
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Mortgages with no deposit
Hi there, I'm after some advice if anyone can help. I live a 1 bed room flat of which I rent. I turns out that the landlord would now like to sell the property to increase his own capital and being that I'm already living in the property he has offered its perchase to me first. The property is worth around £120,000 and…
