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mortgage decline because of overdraft?
Has anyone had personal experience of a mortgage application being rejected because they use their agreed overdraft facility on a regular basis? I know there are many variables & acknowledge people's views on overdrafts - was looking for other peoples experiences only please. Thanks
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Does the number of AiP you have matter
Hi All, This might be a stupid question but i am about to embark on the mind field of getting a mortgage and need some advice. I have found a flat i like and am wanting to get an AiP but with the pending budget review i am a bit worried. I was thinking of applying for the AiP and if anything drastic happens on Tuesday with…
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Endowment settlement compensation
I have been notified by the FSRC that I am eligible for compensation against the firm that sold me my endowment. They have sent a cheque for about 1000 pounds and advised that on cashing the cheque I have "accepted payment in full and final setlement ... you will transfer to FSCS your rights against the firm and third…
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I owe Kensington Mortgages according to experian
As the title suggests I got a free credit report this morning and discovered that I apparently owe them £669 for a mortgage I took out in december 2005, I have never had a mortgage from this company. I have never heard of Kensington before and was wondering if they had bought out another smaller lender that maybe I DO owe…
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Platform Mortgages
Hello, Just looking for some advice, really. We're looking to get a new mortgage and a broker has recommended an attractive 2 year fixed product with Platform. Having done a little bit of research, it seems Platform specializes in mortgages for self-employed, those with credit issues and those with poor credit ratings.…
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Nationwide mortgage interest calculation
I consider myself pretty good at math, but this compound interest stuff gets pretty confusing!! I've confirmed with Nationwide that interest is both calculated and compounded daily. As far as I can tell, that means that in order to calculate the daily interest rate from the annual one, the calculation is: Annual rate ^…
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Help!
Hi All I have been a very silly girl and last year took some excellent advice and signed up for the DAS scheme - am now on there and things with that are going well. However, my mortgage(joint with my husband) has just changed from a fixed rate to a variable rate. Am a bit concerned about what this could mean for future…
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Surrender or make paid-up?
I have paid off my mortgage but have continued paying the endowment policy in the hope that it would yield a better return than a building society. It is unit linked so I can not sell it and I am trying to find some advice on whether to keep paying it, surrender it or make it paid up. Can anyone advise or point me in the…
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New Build Home and Mortgage
Hi Folks, Been a keen viewer of this site for a while in preparation for getting on the property ladder and finally im in a position to purchase. I have a couple of issues I'd like cleared up though... 1) I have my eye on a new build 2nd floor apartment which will not be completed until Jan/Feb 2011. Are there any mortgage…
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Will you fix if you are me?
With all the news of BoE will probably start raising the Interest rate probably in the next 6 months or early 2011, I have been thinking whether or not to fix my mortgage. I have a tracker at the moment, +0.89% Base rate. CUrrent LTV is probably about 80%. Looking at this, it meant that the best fix rate I could get might…
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Projected Endowment short falls
I had two endowments, 20years and a top up of 16 years, I had projected returns from the Co-Operative Insurance only 3 months before maturity, saying, "5.75% per year was a reasonable assumption", I received no other warning's but the policies both matured well below the 4% bottom limit, I complained to CIS and twice to…
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Which lender will consider temp employment contract?
Does anyone have some mtg lender info..... . . Before I get on the blower to the brokers and have a big ring'round to 20-odd lenders, anyone know which, if any of the big lenders will consider someone who: Has only a temp job contract; university, research, job started Nov 2009, was renewed once so far. Present contract…
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Mortgage Early Redemption Help Please ??
Good evening all, this is my first post so please be gentle :rotfl:. I am looking for some help/advise before i contact my mortgage lender looking to change things about. I shall tell you what i'm thinking and i hope that someone has possibly done the same and can advise, sorry if i go a bit wayward !! I have a Halifax…
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So called fixed mortgage
Hi Bought a 10 year fixed mortgage, stating i wanted a buy to let mortgage. 3.5 years down the road nationwide wish to increase my charges as i have a buy to let mortgage. Any ideas, do I have a case for ? ie misleading me or ? Please help
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Newbies in need of help!
My partner and I have recently looked into buying a home on a Private (non government) Shared Equity Scheme, on an 80/20 split. The deal so far looks great and the rate we've been offered for the mortgage along with the deposit is practically too good to be true but very affordable. (It's also a new build, to our specs…
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will not returning after maternity leave effect my Current mortga and house purchase?
Hello all The scenario is, we have had a sale agreed on a property we want and things are in full progress 6 weeks into it all. My gf has decided not to return to her job of 6 years and to go college instead. This will happen before it is complete. When we got the mortgage it was a joint application her wages and mine or…
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Looking at moving but mortgage just breaking even
I bought a one bed apartment april 2008, just before all the prices crashed. I paid £109,000 for the property and took a mortgage for £104,000 with a 5k deposit given to me by george wimpey, which was the first time buyer offer at the time. I am looking to maybe upsize now but my property is approximately valued at…
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Second Mortgage
Hi All Have current house worth approx £130k with £100k mortgage outstanding in joint names (deeds and mortgage). Also have unencumbered property worth approx. £160k in MY NAME only and looking to remortgage this to the tune of £80k to renovate and then move into, selling off our current mortgaged property. Joint salary of…
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Newbie needing mortgage advice!!
Hi All New to the forums, so, firstly, hi! I'm looking for some advice and no idea what to do. I currently own my house with brother. We own it outright so currently have no mortgage. The property is valued at roughly 120k. I want to buy my brother out so I'm looking to borrow around 70k. I want to keep payments as low as…
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Can we get another mortgage???
Hi, We are in a very difficult situation where my partner is on another mortgage with his dad, however now he would like to move out so we can get our own house. We spoke to the mortgage provider and they wont realese my partner as his dad wages do not cover the mortgage. The loan is £180,000 and they are not going to sell…
