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Mortgage application with Halifax
Wow, what a pain. I put an offer on a new build in the last week of July, spoke to New Homes Mortgage helpline and they confirmed what I could borrow (more than required) and sent over their adviser. Just to note, I'm a first time buyer, self employed with 2 years of accounts and 3rd years predictions, no repayments/debt…
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Zelie wants Housey (part 2 the sequel)
I'm reposting this here because it's getting zip response on the House Buying thread. Hopefully you peeps can help. :D (I've read the advice on the main mse site but I'm still floundering a bit). So...erm...*shuffles feet* I think I may be at the point where I am ready to buy a house. I have found the House of My Dreams…
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mortgage advice please
hi all looking to borrow 180k have 40k deposit been quoted monthly repayments based on 5 year fix nearly all have a product fee of £995. norwich and peterborough £1057.02 post office £1084.61 yorkshire building society £1095.39 leeds building society £1122.11 co- op £1131.18 halifax £1147.00 have current mortgage with…
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Remortgage to buy new home???
Hi folks, It’s once again my turn to ask for help. Previously I asked about loans / funds to help mum buy a property before selling hers, and received some fab responses. She has spoken to several IFAs, and the one that attracts her is the following. We would like to know your opinions on it. Please see this thread for the…
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Paid off our mortgage - who do we need to inform?
We've just been in the fortunate position to be able to pay off our mortgage. We've had a letter from the mortgage provider confirming receipt, and have just received letters from the Land Registry stating that the building society no longer has an interest in the property. I've also informed our house insurers. Is there…
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FTB: Can't get mortgage because of student loan?
Hi all. Thanks in advance for any advice. I've been looking around on the forum but can't find any similar threads, so hope it's ok to post my problem. My husband and I are first time buyers. We had an agreement in principle with Nationwide, offered for a house and the buying process began. We put in our application for a…
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Life policy for mortgage
Can anyone help please? Do you know if it is possible to have got a mortgage without having an associated life-policy to pay off the mortgage in event of dying, I'm thinking of a period of maybe 5 years ago? I thought it was virtually obligatory but I can't find such a policy for my younger brother who died a couple of…
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Part remortgage
Hello I currently have a mortgage with the Yorkshire BS which is made of 2 products as follow £158,000 @ 4.7% fixed that ends in Dec 10 then reverts to BOE base rate + .75% £116,000 @ 5.6% fixed that ends April 12 (redemption fee 4%) I want to keep the first product for obvious reasons I want to re mortgage against the…
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Pay off Mortgage or Buy % of shared equity?
Hi, Soon to be buying 1st house, which is on a shared equity scheme. House is £169,950. 20% - £33990 paid by builder 80% - £135960 paid by us/mortgage have put down 5% of total price for deposit £8497 The 20% is basically an interest free loan which has to be paid back in 10years time. Paid back at 20% of the market value.…
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Mortgage Direct Debits
I informed the bank I have my mortgage with that I would like my monthly mortgage payment to come out from a different bank account and they confirmed they would do this. However for 2 months the mortgage continued to come out of the same account. When I pointed this out they apologised and offered to pay any bank…
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Deposit paid by vendor - can I get a mortgage?
Hi we have been renting for four years now, and have been looking at the rent to buy schemes, which we believe is the only way we are realistically going to get on the property ladder, as we don't have a huge deposit. I was browsing a property website earlier, and it said 5% deposit paid by vendor. Would we be able to use…
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Buying a second home
I currently own a small flat which I let but am renting another property in a different town as my residence. I'm now looking to buy a new home but don't want to sell the flat in the current economic climate. Q1. Is it an option or possible to release the equity in the flat to help with the deposit on the new home? Q2. Are…
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off set mortgage for BTL?
Having a bit of a think and would like to reorganise my finances. When my dad died 4 years ago I inherited some money. I decided to use some of the money to send my daughter to an independent school and used the rest to buy a house as an investment. My original idea was to refurbish it and sell it to increase the capital…
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Remortgaging with credit card debt
Could anybody please advise me on what effect £6-7,000 of credit card debt would have when we remortgage. We currently have £3000 on a 0% card for the next 12 months, but we are looking at buying a new car for £6000 spread over two cards. We would keep balance transferring and paying the minimum plus a little extra, over…
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Credit Report Mortgage
I was declined a mortgage due to a number of addresses on my credit report and I'd thought I'll include a correction on my report. How does this sound? Sorry if this is in the wrong forum. Address information I, Mr. xxx xxx, would like to explain the circumstances that led me to having five addresses on my credit report.…
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Coop, Britannia, smile remortgages?
Hi all, I'm looking to remortgage with the Coop, but looking to pay off a few debts first, just incase we get turned down. ( 30K in loans, o/d 's/ +c/c's ) Our debts will be paid off with money from parents, so as not to alarm the Coop with ' where did the money come from' question after looking at our bank statements, I…
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mortgage overpayment calcuation
i've got a nationwide account, and i want to know how much repayment I would have made to the whole mortgage if I overpaid by £500 a month. At the moment the choices are a lower monthly repayment for 25 yrs, or the same amount but shorter term. Say my mortgage is 2% above the bank of england rates = 2.5%. the mortgage is…
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Can't see the benefit of paying off mortgage early!
Hi all I have a joint mortgage of 52K with a trusted friend. We go 50/50 with everything. Now our five year fixed rate is up and we can finally get a lower rate. The problem is, I want to pay off £10K of the £26K I owe, whereas my friend will still owe £26K. HSBC have helped us to work out how much each of us will owe…
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Seriously worried - debt plan - mortgage
When I lost my job in 2009 I had to take another job with a reduced salary, which has meant that I've gone onto a debt management plan. I've got a mortgage with Intelligent Finance, the interest rate is 0.5% but they are no longer offering mortgage products which means that when interest rates start rising, I will have to…
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First time buyer - should I wait?
Hi I'm a first time buyer working hard to save for a deposit and I've now got about £10k saved up. I've estimated that I need about £20k in total, but I wondered if I can find out now how much I could borrow and what sort of mortgage I could get - or is it not worth it until I've got more deposit secured? My salary is £33k…
