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Porting SVR
Hi, I've just been told by Halifax that they will not ever port a mortgage on SVR and that I will need to take out another product to port. They will not guarantee that they will port it after I have taken it out. This seems slightly unfair, if I take out the new product and they will not port it do I have a case for mis…
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Taking a loan to make up a deposit
Hello, We are saving hard for a deposit. After getting some advice at the bank today, we can borrow what we need for a £250k house, but the decent interest rates are for 80% LTV and under. At the mo we have got 11k saved and saving about £1200 a month, so a 10% deposit is not too far away. But a 20% will take a lot longer…
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FTB- where to start
Hi sorry thread title should really read few basic questions, but looks like i cant change it now... We are a couple in late 20s and looking for our first home :j Need some advise though. some may sound like stupid questions, if so excuse me.. 1) How much shall we leave in our savings after deposit? 2) Approx how much does…
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Arrangement to pay - what effect on mortgage application?
Afternoon moneysavers I had an arrangement to pay around 4 years ago for about 6 months, and wanted to know how much of an impact this would have on a mortgage application? I have a mortgage with Nationwide accepted in Jan, but I had around 70% LTV so think this had an impact. I'm thinking of getting a mortgage of around…
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endowment surrender
i am thinking of surrendering an under achieving Prudential endowment policy . are there any disadvantages in goinging to someone like AAP ?
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Different end dates
I have just noticed that my mortgage finishes next Oct but one of the two endownment policies to cover that payment doesn't finish until the 1st of December.Speaking to the Endownment company they say i can close the policy in Oct.Is this a viable option financially or are there better options
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Successful mortgage process from Santander
Through my times of worry it was mentioned that nobody ever users or posts good news stories on this site so at that time I promised I would break the mould. Today our mortgage has been transferred to our solicitors in preparation for completion tomorrow afternoon! We have a 90%LTV mortgage with Santander that was based on…
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Help!!!
Hello, Im hoping someone can help me. I have a mortgage with my ex boyfriend, i now live in the home and have been paying the mortgage for the past year. His name is on the mortgage and the deeds and when we split it was verbally agreed that i would keep this house im in and he would keep another house that he had in his…
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Am I eligable for a buy-to-let with defaults?
Would I be able to get a buy-to-let mortgage with 2 credit defaults? They are up 0n 2012, 1 is for £500 and other £4000. I make regular payments and have kept to agreements. I hold a current mortgage and have never defualted. Also do you prive income with a buy to let? and is it a 20% deposit? Thanks
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To fix or track....that is the question
I'm sorry that this is an obvious crystal ball question, but our sums now mean it is better to ditch and switch a 5.69% fixed rate. The burning question is, do we go for a tracker and enjoy the benefits that we've missed so far, or do we re-fix on a better rate? I know one provides stability and one doesn't, but to be…
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Transferring mortgage from parents to children
Hi, Is it possible to transfer mortgage from my parents name to my name without selling the property to me? I do not have enough cash for deposit. Otherwise, would have just bought the house or get my parent to gift it to me. I would highly appreciate if anyone can provide me some options or reading materials to give me a…
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Non standard Mortgages
Hi, can someone please advise I want to change mortgage lender and deal. But my circumstances have changed whilst in my current mortgage deal. I bought my house in 2006, since then my income has halved, which is quite uncomfortable when paying the mortgage. My circumstances have changed drastically, but I can still pay my…
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Transferring mortgage
I don't have the best of credit scores and am looking to downsize to a cheaper house to pay debts. The house price range I am looking at would keep my mortgage size the same but would actually reduce my LTV to 70-75%. I would not be changing mort company. I would hope they allow this as the LTV would be lower and there is…
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advice / opinions needed
Hi everyone I posted on here a few weeks ago and got some great advice, however I'm back and just wanted peoples opinions on the following: Have a now 30yr mortgage for £100,000 on a property worth £145,00. did have a 5 yr fixed at 4.99%, now on a variable rate of 1.45%. I realise this is a very good rate, however i am…
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Mortgage Transfer
Have just read something in the local property press that looks promising if it will work for us. Long of the short is that we want to move into a family house, selling our apartment in the city. We had a fixed rate deal with Nationwide that ended I think 18 months ago and we're one of the lucky ones following the base…
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Nationwide
Hi We are currently buying a new house and we are getting our mortgage via Nationwide. Yesterday we received a yes from them and they will send all the relevant paperwork to us once we complete this and send proof of income etc. Will they carry out another credit search or will the one they done yesterday be it. Sorry for…
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75% LTV after Bankruptcy, Is it possible?
Hi, guys I just been discharged from bankruptcy a few months ago.. I know is bit early to think about mortgages and all. but I was thinking if is possible to get a mortgage with a 25% deposit? just month after being discharged from bankruptcy? Many Thanks
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Avoiding legal fees?
Good evening all, I'm having a nightmare with Santander currently. I'm attempting to do a change of borrower (simply remove someone from the mortgage), I have had the offer approved by the Bank but they won't action it without me paying a lawyer to do the paperwork ... I've spoken to the Lang Registry and downloaded all…
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Mortgage Advice Needed - Credit Check failed unexpectedly!
Hi, I went to see my Woolwich mortgage advisor today to put an application for a property I had an offer accepted on Tuesday. I have had an AIP from them previously, but we didn't do a credit check then because I had a pre-approval amount from them as I have banked with them for 3+ years. When we got to the credit check…
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retention
Hi I'm not sure if this is in the right section but just wondering if anyone knows if the mortgage company are keeping retention on the mortgage will it change if the purchase price is reduced or is the retention fixed regardless of purchase price?
