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Sub-sale, back-to-back transaction HSBC question
I've got a question regarding sub-sales/back-to-back transaction. Basically, a new property was built with some units sold off plan. I'm buying from someone who bought off-plan and who has exchanged but not completed. (They have paid a deposit but not the full amount.) As a result the transaction would be classified as a…
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MSE News: Five-year fixed mortgages at all-time low
This is the discussion thread for the following MSE News Story: "Some brokers believe borrowers should snap up cheap fixes soon to guarantee low rates, but opinion is divided ..." Read the full story: Five-year fixed mortgages at all-time low
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Mortgage offer has ran out because of sellers poor solicitor
I am/was currently in the process of buying the rest of my shared ownership property and everything was going well until a few months in they said they wouldnt sell to me and my gf as I was the only one on the occupancy agreement. My gf doesnt live in the property and would only be moving in after the sale went through.…
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anyone heard of a mortgage without buying property?
Just asking the question as a close friend who is starting up a business has been advised by Santander that one option, instead of taking out a loan, is to take out a personal mortgage. Apparently they would then be paying back at a lower interest rate than a conventional loan. I don't understand this as I thought a…
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Interest-only mortgages?
Hi I would in the past have run a mile from even the thought of an interest-only mortgage, but a very good friend of mine (so I'm sure she's telling me straight how it is), has just bought a house with her husband with an interest-only mortgage. Her rationale is that on a monthly basis they will pay the cost of a repayment…
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Moving house - options !!
I have my house up for sale but it's not selling. I have seen a house - chain free - which i know will be sold soon and I want it. Is there anyway I could let me house (not that I know what is involved) and use the capital from it to get the same amount of mortgage as if I sold the house? Any other options open to me? Many…
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First Time Buyer - Mortgage\Market Advice
Hello all, I’ve lurked on the forums for a while, reading a number of sections regularly, so now I feel it’s time for my first question\post :) My girlfriend and I, both 27, are looking to buy our first home together (both of us are 1st time buyers and new to the process) Location wise, we’re both in the south east (Kent)…
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FTB - can this mortgage be beaten please
Hello All An IFA has got me this deal - £250,000 mortgage £75,000 (30% deposit) Income - £41,600 Mortgage offer is Santander - +1.99% above the base rate, 2 yr tracker Product fee is £1,495 (inc. basic valuation and £250 cashback). As a FTB, I was wondering if this is the best deal as I asked him about HSBC, Co-op, etc and…
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Post Office mortgage application
Just applied for a mortgage with the Post Office. The property I am buying is a 2 bed starter home, called a Q type home around here. A block of four houses with one house in each corner of the square, so the back wall and one side wall joins the next. When applying the application form only gave options of detached, semi…
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Buying out my ex-wifes share of the house
Hi I was hoping to get some advice with regard to buying out my wifes half of our property. She is living in the house at present and I have been paying the whole mortgage since I moved out in June. Now that she is earning a salary we have agreed to spit the mortgage in half and from November she will be paying half. After…
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whats the deal, how much do they lend these days
salary 1 30300 salary 2 24000 total debt of about 33000 deposit 20000 house 164000 (altough i think they will go down) i know i could pay of the debt to get cleared, however the deposit is a gift and i want to use this for the house how much could i borrow? and is it poss? i know i would need about 5k more for deposit...
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moving house taking a name off mortgage
hi were going to apply with coventry to port our mortagage they said we will have to be credit checked etc my credit rating is really bad so was considoring my partner applyting on his own - he earns enough to get the amount we need. any advise on how they would feel about this & fees etc
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Worried prior to funds being released
My mortgage offer with Santander is done, funds are prebooked and ready to go. I am now approaching exchange/completion (date to be set very soon) as searches and queries reach finalisation. I have a credit card balance (fully declared at application and no problems as my credit history is squeaky clean) which I want to…
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Struggling with mortgage,Lender wont help. Whats my options?
Hi. I was managing financially up till about 4 months ago when my hours were cut back at work. I looked for a new job and found one paying more per week. This lasted about two months till I was let go due to the buisness not needing as much staff- First in last out unfortunatly! I got a job with an agency but they are not…
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Life Insurance & Mortgages
Does anyone know if its a stipulation of a mortgage offer that you need life insurance? Or does it vary between lenders..... Thanks :)
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Halifax decline on policy reasons - New Build - 85% - 15% shared equity. Help Please
Hi, I applied for a First time buyer mortgage via broker and was initially declined by nationwide but accepted by Halifax via broker with new build 85%, 15% Shared equity scheme with a 5% deposit. After 4 long weeks of waiting I was declined due to Policy reasons that halifax would not go into. I had a B pass rate on…
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Solicitors...
Hi, Ok so great news is.. We had our mortgage approved today and the offer sent out to us.. so we are happy.. we contacted the solicitors (sorry im not really clued up and slightly confused).. they basically said that the water pipe running to the mains goes through someone elses land so the sellers need to have a right of…
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Can You Help ith Endownment Shortfall Investment Growth Rates?
We have a combination repayment/endowment mortgage. We've been to see the mortgage people that many times I've lost track of what's repayment and what's endownment. However our last mortgage statement (May 2010) says £28,000 on interest only so I'm assuming £9,000 on repayment. Our endownment is for £35,000. In 2009 we…
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estate agents mortgage advisors
hi all ftb here, im about to ut an offer in for a roerty and was going to use L&C as recommended on here, anybody had any dealings with them, how did you find it sorting it out over the hone but i have had the estate agents own mortage advisor ringing me to offer his services, im not sure if this would hel the sae or not,…
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Off-set or Fixed rate?
We are planning a move and intend it to be the last one, to our "Forever home". I am self-employed and acrue money into a current account before paying my tax bill twice each year. As this is our last move, it would be nice to "keep" some of the equity as savings, but in fact this means having a bigger mortgage. I've been…
