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The role of Atom, Kensington,......
Hi, Can anyone explain to me the role of companies such as All Types of Mortgages Ltd (Atom) and Kennsington? Say for example you go to a broker and they then go to Atom. Atom then issue an AIP. Atom then pull everything togther and say its fine...next step the lender. But where does the lender fit into this picture? How…
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Gap between completion and exchange
I would be really greatful if someone could answer me a quick question again :o We are in the process of buying a house and wanted to know how long you can delay completion from exchange of contracts. Basically we want to exchange contracts asap to secure the house as from what we understand this is effectively the point…
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First time buyer 95% mortgages
Hi People Me and my partner have been saving for a house and were hoping for any advice on whether there are any 95% mortgages available at the moment. It does look as though there are some that ive been looking at on the internet with some unfamiliar banks to us. The also seem to have high rates but i think we would be…
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mortgage balance GONE UP!!!
Hi All Have recently set up online banking and can see our mortgage balance so we wrote the figure down 3 weeks ago and said we would write it down monthly just to see how much its going down. But when logged onto online banking today the figure has gone up :eek: by about £130.00. We are on a base rate tracker repayment…
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Nationwide mortgage overpayments
Hello I can make monthly mortgage overpayments up to £500 before incurring a penalty. Any overpayments that exceed £500 incur a penalty of about 3.6% on the whole overpayment. So if I overpaid by £600 one month, I would have to pay a penalty of just over £20. My mortgage is currently fixed at 4.8% and making overpayments…
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New Build Apt Mortgage Query
Hi Guys, I'm new to this forum as I have a specific query. I've not been avidly looking for property as I'm quite comfortable living with the parents at 24. However about a month ago I noticed that an old nursing home had been converted 10 mins down the road into a block of appartments - a beautiful location. I went with…
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Remortgage or not... Please help!
Hi all, This is my first post on this site and i'm hoping someone may be able to help. Like some others on here we have lost the equity on our flat with the current climate. Our mortgage is due to end in June (£149,500) and we will be paying around half what we are paying now on the SVR. Now the dilema... I have recently…
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due to remortgage a mortgage+loan product - worried as my LTV > 90%
long story short...split with ex, sold flat, gained 12K but between student loans, and credit cards had 12k debts...broker suggested pay off debts...and then interest rates started going mad and buying on my own was proving to be a struggle... as earnings weren't quite enough ended up with mortgage of £100,995 + £11,000…
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RBS_mortgages
RBS - I'm looking to join with others to take on the cynical and manipulative way RBS has handled my complaint about mortgages :( . They handle over 72,000 complaints a year and know what they are doing - I am handling my one and only. I think they use their skill to cheat and abuse the system, incl FSA, and complainants…
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mortgage
Hi, any advice greatly welcomed. I have a property conservatively valued at £400k, 30K mortgage. Looking to build a property on adjoining land (separate title) estimated value on completion £280k. Current income (joint) only 15k. Part rental of existing property to achieve 7.5k p/a. Rental of new property (holiday letting)…
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Help with documentation needed for remortgage
I have recently applied for a remortgage with the Co-operative bank. All was accepted. I have been told i need either 3 months payslips and 3 months bank statements or 3 months payslips and this years p60. My employer issue all payslips online for me to print. The only problem is that when i print them off on paper they…
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Different bank/saving accounts help get mortgage?
I'll be looking to get a mortgage towards the end of this year, nothing too fancy, at least 10% deposit and a mortgage of around 70-75,000. My question is this, does having a number of different bank/savings accounts open doors with mortgage providers? I was going to start stocking up my ISA from last year now but my mum…
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Crazy valuation survey
I just had a valuation survey carried out for a mortgage application through NatWest. The valuation was carried out by Legal & General and rated the house at £0 value. I, helpfully, got the phone call at 10 minutes to closing on Friday, so I haven't yet had the opportunity to find out the exact details, but the (seemingly…
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Need some advice on how i remortgage....
Hi All, My fixed rate mortgage is due to expire in August. It's only a small mortgage which will be approximately 30k. I do not intend to stick with the current providers as their SVR is uncompetitive at 4.5%. One product I am looking at is the firstdirect offset with no fees. This is because of the attrative rate, the…
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FTB - Fees Involved?
:question: as a FTB, it is quite confusing as to how much I actually need, so bear with me :o The house I am looking at is around £190 000, well below the £250 000 mark, so I am luckily avoiding the stamp duty thing. Deposit = 10% minimum Solicitor = £1000 - £1500 Land Registry = ? Conveyancing = ? Home Buyers Report = ? I…
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Shared Ownership Mortgage?
Hello there I am considering looking at a SO property n my town. It would be for a 50% share worth £81500. I have deposit of £25-30K and salary of £23000. I am looking very closely at the term and condtions attached to the SO deal so amnot looking for advice about the positives/negatives - rather, I want to get an idea of…
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Mortgage Query - Financially Linked
Hiya My hubby has a default on his credit file and we fear that this will impact us getting a mortgage, so i am thinking of applying for a mortgage on my own. However, we have a joint bank account and we are both on the mortgage of our current property. Will this affect me credit rating? Thanks
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Cyprus Mortgage Disaster
1st May 2010 Dear Martin, In April 2007, my wife and I purchased, off-plan, a 2 bedroom, duplex property, in Cliffside Gardens-Avgoulla Court No20, in Teresefanou, near Larnaca, , for 191,500 Cyprus Pounds. We paid a deposit of 38,300 Cyprus Pounds leaving a balance of 153,200 Cyprus Pounds (425,000 Swiss Francs), which we…
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All New to Me!!!!! And I'm scared
Hi Everyone, expert advice required PLEASE!!! 2 months ago I contacted a broker to enquire if there was any chance at all that I could ever get a mortgage (no way I thought). He took all my details and any debts that were being paid off, etc. As I thought that I had no chance of a mortgage I estimated our saleries and he…
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FTB, Am I asking for a miracle with getting a mortgage?
Hi everyone I just received new this morning that our landlord is selling the property we are in. We have the option to buy it and I reckon he will take £185,000 for it. He is going to put it on the market in a few weeks time. Personally I am in a good position, I have no loans, bills, dependants, or bad credit history. My…
