-
date 4 consultation paper news for Fast track Mortgages be implemented?
Hello I am a new member, The news yesterday that all fast Track Applications will need full income verification- does anyone know when this consultation paper will become reality and implemented? We have an AIP -mortgage in principle, £1495 application fee through a broker, with a high st bank. We have been informed…
-
How Can I Stop Losing Money on my Endowment Mortgage?
I am writing to ask for some advice. I have 2 endowment policies, each due to cover £15,000. When I was warned about endowment problems I changed my mortgage to a partial repayment, so that £20,000 was covered by the endowments, and £10,000 became a repayment mortgage. I have just received my annual statement from my…
-
Ipswich BS - is this standard?
I am looking to move house and spoke to my broker. He recommended I port my existing mortgage I have with the Ipswich BS otherwise I would have to pay an early repayment penalty and new product fees. After doing my own research the broker recommendation will save me approx £4500 - 5000 so fair play to him. The problem: The…
-
Paydate changing, going to cost us £1000 because of mortgage
Just a quick note: I've also posted this to the employment forum, but this post here is regarding the mortgage side of it. My partner's paydate at work is changing in October from the 28th to the 9th. I've rang RBS about our mortgage direct debit date and they have said that they can't just put back the payment date…
-
Go it alone?
I posted last week about a mortgage rejection which Conrad helped me with my broker still hasnt come back to me. Property worth £275k wanting mortgage for £165k I earn £50k. I have a default which I am paying at £250 per month and is due to finish next year. OH is 58 so we can only get a 7 year mortgage if he is on joint…
-
to pay off some of the mortgage v savings ??
Hi all, This is my first posting after frequently reading the threads on here.I would like some advice and opinions on the following scenario. currently have a £65k morgtgage with Woolwich, 9 years to run currently paying £630 per month on a current tracker interest rate of 1.19 %. 0.69 % over base, this is a lifetime…
-
Mortgage Product Change
Hi Guys Can anyone advise if RBS carry out a credit check for a change of mortgage product. I have a fixed mortgage deal with them which ends in May, however, i am looking to get on a fixed rate soon as my current employment does not look stable at the moment; just trying to plan ahead. Any advise would be greatly…
-
Is this the best mortgage??!
Hi All We have got the final selection of houses to look at this weekend - 5 good ones all on for £219,995, but hoping we can get them for £200k, anyway we are putting down £70k as a deposit so will only need £130k mortgage. The best mortgage rate I have been given is HSBC 2 year fixed at 4% meaning the repayments will be…
-
Buy-To-Let Mortgage Unobtainable
Hi I hope this is the right place... I recently decided to help my daughter out with buying a place as she is unable to gain a mortgage of her own. I wanted to buy a flat with a buy-to-let mortgage and then rent it to her. I decided to get a secured loan on my property for the deposit (25% and add-ons totalling £20,000) I…
-
Default satisfied dates
As per my other post, i am going through an application with Kensignton which is currently taking ages. I have 1 CCJ (£280) issued 2005 1 Default £4000 issued 2006 1 Default £1200 issued 2005 All have been satisified. The CCJ was satisfied around 4 years ago, but the two defaults were satisified within the last year but…
-
Is it mad to be contemplating re-mortgaging so soon after moving in?
Just after some views on this. Currently we are on an HSBC lifetime tracker BR+2.54% standard repayment mortgage, taken out at 75% LTV for a house we completed on in March 2010. It had a £999 arragement fee. Both me and my partner are both making overpayments, usually amounting to at least £500 each per month, but we both…
-
Mortgage Application
Hi, Am going through a nightmare currentlty with my application. The latest twist is that Kensington have come back and said "The applicant will need to contact Royal Mail to query why they have a re-directory flag against the current address" And this needs to be confirmed in writing from Royal Mail. I have contacted…
-
Offer running out...
I am a FTB and have a mortgage offer in place since Feb. It runs out in September. The flat I am buying is having the lease renewed before sale. Unfortunately the landlord has not responded to the notice so now the owner will have to go through the court. This means a long delay. My Mortgage offer runs out in September, so…
-
mortgage with a CCJ
hi all just a little about the situation for 17yrs i was paye with a company now for the last 1yr 6m i have been limited company on a load more money than prevoiusly the question is i have a CCJ, and a few defaults on my report the CCJ isnt quite paid off yet in the next 12m tho all the defaults are paid up i have over…
-
Whats next?
Our house has just gone on the market and we have received an offer after 3 viewings :j Its not quite what we want but we are just trying to neg up slightly, fingers crossed. Anyway, wanted to see where we stood roughly as circumstances have changed (hasnt everyones!!) and id like to know what we are facing! We are hoping…
-
MSE News: House prices expected to fall
This is the discussion thread for the following MSE News Story: "Property professionals are predicting further drops following a surge in the number of homes put up for sale ..." Read the full story: House prices expected to fall
-
Endowment about to mature - options?
Hi I have a Standard Life endowment due to mature in December. It was originally due to cover a £23k interest only mortgage. I switched to a part repayment/interest only mortgage some time ago. It now needs to cover £13000. My last statement from SL was forecasting somewhere in the region of £14500 on maturity. When I…
-
Remortgaging from a fixed rate
Hi, I'm looking for somehelp through the mortgage minefield. I've been on a 5 yr fixed rate 4.99% northern rock mortgage for 5 years. I go onto their variable rate of 4.79% in September which saves me about £4 a month. My house is worth aobut 250K and I owe 91K. I currently have the mortgage split between interest 36K and…
-
mortgage loan rejection question
my partner applied in the bank today for a loan on top of her mortgage...it got declined because of an old debt of mine of £513. they said they would call her in 2 days to give her another decision cause she told them that was my debt and the loan is in her name. what is her chances of getting this loan? she had good credit
-
Remortgage basics
Ignoring rates for now, is there a set amount (%) that most lenders will give as a loan against an existing property. I have recently been left a house with a large amount of mortgage and other loans against it (circa 90k). It seems the mortgage provider will not allow me to take over the existing balance and they want the…
