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Persimmon Home - Incentives Removed because of Devaluation
Ive recently gone through the Homebuy Direct Scheme to purchase a property through persimmon homes. I am at the stage where the bank has sent in their surveyor, who has surveyed valued the property 10k less then the persimmon purchase price. Persimmon where going to through in carpets and vinyl for the whole house prior to…
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Whats the best deal
Advise needed. I have either a 15% £18k or 20% - 24k for a house vlaue of 120K. I am looking for a fixed - repayment mortgage over 30 years.. Would anyone be able to help me out? Ideally i would like to pay less, but something less then 4.7%. Thanks for your help in advance.:D
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Northern Rock Mort, unpaid Credit Cards but need to move
Hi, I'll make this short as longer threads are less likely to be read or have responses but please do ask if you need more info from me. I have a mortgage with Northern Rock and like many #00,000's i cannot remortage with them onto a lower rate without moving property, grrr. In May '08 i could no longer pay my unsecured…
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Is the rise in Stock Market Value good news for Endowments?
I have a Scottish Life Endowment which has a massive shortfall predicted when it matures in 2016. Is the rise in stock market good news, ie will it help raise the value of my final payment? How are Scottish Life performing compared to other endowment providers?
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Dont understand mortgage etc. HELP!!!
Hi guys! ok, im currently living in a rented house owned by a private housing association (like council!) we have a boy, and now a little girl, and are only in a 2 bedroomed house, so theres going to come a day when we need 3 bedrooms. ive argued with the housing association as they say we are 'adequately housed' and are…
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paying off mortgage via telegraphic transfer
Hi - I want to make final payment as per my redemption statement. The bank have given me the choice of paying by cheque or telegraphic transfer. cheque is not an option, but I have several online banking options, so can I do the telegraphic transer through online banking or do I need to into the bank and pay for a CHAPs…
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Advice re mortgages and Redrow exchange times
Could someone help and give some much needed advice? My partner and I have seen a house with Redrow that we would like to purchase - asking price is fine for us (£218,995) and we have found 3 mortgages which require a 15% deposit which we have. All would seem fine wouldn't it! Redrow have told us that after reserving the…
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Borrowing amount - please settle a debate !
Please will you settle an arguement - For example - If the bank or building society are willing to lend £100k and you buy a property for £95k can you still borrow the £100k and use the difference for home improvements. Thank you :)
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HSBC mortgage problems
HI, I was wondering if anyone could help/ offer advice? I have been in the process of buying a house with a mortgage from HSBC. I have got quite far along the process and unfortunately my solicitor has contacted me to sat that HSBC are going to withdraw their offer because the house I am buying only has an Architects…
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Benefit in kind re mortgage
Ive just discovered that I am now going to be paying an extra £70 per month inc tax due to a staff mortgage that I took out last year.The benefit I received has now been deducted from my personal allowance for the tax year.Surely it would be better to opt/switch this mortgage to a customer rate as the extra tax has come as…
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Does my HSBC mortgage application stand a chance?
I've recently put in an application to HSBC to borrow £142,000 on a property I'm paying £164,000 for so my LTV is about 86%. I've heard that HSBC are VERY picky so I'm wondering what people's opinions are on whether or not I stand a good chance of being approved. . Employment Info I'm the founding director of a company…
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Reduce tax
I have an income of £20,700 from my 4-bed house which pushes my total income well above the 40% tax level. Ideally, the only way to reduce my tax from the rental is to have a mortgage on the house. The only problem I have is that my tenants are DSS. No problem with them thus far and they were recommended by someone I know.…
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stuck with no mortgage!!!!!
:mad: i fill let down by what i have believed ,i`m trying to get a mortgage for my buy to let property, but all i can seem to find is all the lenders wont give me a mortgage unless I stamp up 35% deposit. I have already paid 10% two years ago and exchanged, with 5% on completion (due in Jun/Jul), but due to the credit…
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Best thing to do...
This relates to mortgage and credit cards, so wasn't too sure where to post it! Looking to see what others would do in this situation: I'm just finishing a four year degree, graduate in June. Going to start temping initially which brings in about £1500 a month. Whilst at uni, we've been living off hubbys wages (approx…
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Mortgage Criteria - 2 questions about a future pay rise and wife's ad-hoc income
I will receive a pay rise in August. Can anyone give me any advice as to when lenders will take a serious look at my new income and give me an AIP taking it into account? Secondly my wife works as a sessional interpreter and as a class room assistant through an agency. I realise that we can't use her income as part of the…
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Mortgage offer & % LTV - advice please
Hi - I'm not quite sure what to do about this. I was given an additional loan offer from Yorkshire BS - my current mortgage holder - subject to valuation. I paid the product fee and valuation fee - I then received a letter stating that "I am pleased to confirm that the valuation report confirms satisfactory valuation of…
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Tracking down Hill Samuel.
Hi, I'm trying to track down which company is dealing with Hill Samuel Life Assurance Ltds old business. My parents had an endowment mortgage with them which appears not to have been surrendered. So far I've seen Abbey Life, Lloyds and even Deutche Bank mentioned online. Does anyone know for definite which it is. Thanks in…
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HELP Mortgage too much since recession bit!
Hi, hubby works in the building industry which was hit hard by the recession and we have recently gone from an income of nearly £5k a month to under £2k. Our repayment mortgage which is still fixed for another 2 years is £1250 pcm which was no problem up until work dried up for hubby and he now earns a lot less with no…
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100% mortgages?
anyone know if there are any 100% mortgages about? My fiance works fulltime as a jeweller and i'm a full time stay at home mum as have just had a new baby. so not enough savings at the moment for us to get a house without one. We're renting at the moment but it would be cheaper in long term for us to buy. Any help is…
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Could credit adversely affecting mortgage application - please help :(
Not sure where best to post this but thought I'd start here A good friend of mine is just about to apply for a joint mortgage with her husband to buy the place of their dreams. But there is a problem _she has always been good with money but 6 years ago was married to a chap that wasn't :( Recently (2-3 months ago) she…
