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How much should you pay for a valuation on a new house
I am buying a new house I have used a mortgage broker from New Homes Mortgages. They have charged me £795 for a valuation. Nat West have said that the valuation only cost £295. Why have we had to pay New Homes so much. They just say that this is their charges and not Nat West's. We have also had to pay £295 for fees to…
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Good mortgage for us?
Hi! Hope to get some advice on good mortgage deals that are currently available. Have done a lot of research already and made lots of phone calls, but still feel a bit lost :( Basically it seems that whenever we find a deal that sound ok-ish and we then dig little bit deeper to find out more, somehow we fail to fulfill all…
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Should I convert my endowment to a whole life assurance?
My endowment policy, held against my mortgage, is due to mature at the end of this month. I have an option to convert it to a whole life policy. Is this option worth while?
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Santander won't register my existing mortgage with Experian. Pleaseelp!
Dear All, EXPERIAN CREDIT REPORT PROBLEMS Over the past few months my wife and I have been in the process of moving house. There have been many ups and downs so far with buyers dropping out and surveys discovering unimaginable problems (not least of all, hundreds of pigeons being kept in the next door roof!). However, the…
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Please help - simple advice if possible :)
My situation: Me - Property Manager Husband - Landscape gardener Property - Repayment mortgage in 3rd year of fixed rate on our first house in the UK. Very high interest rate-we are paying £1088per month Property in Cyprus - £470per month HSBC loan (£20k) £263per month On top of the above are the usual out goings and…
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How Does A Student Debt Affect Getting A Mortgage?
When I graduate, I will have a student debt of around £6,500. I assume I will want a mortgage sometime in the future. How will such a student debt affect my chances of getting a mortgage? I've been told different things. Am I right in thinking that it is not taken into account as it is taken with tax and is a govt loan?…
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joint to sole mortgage, is this classed as a re-mortgage?
stupid question time! :o couple have split up, he wants to keep the house & she's happy to 'sign it over'. is it simply a case of admin or will this be classed as a re-mortgage? without even looking at his affordability, if the deal they're on at the moment has an early redemption fee, this will come into effect wont it?…
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Use of Childrens Savings to pay mortgage
Hi, I have recently started IT Contracting and like lots of other people am finding it very difficult to get a mortgage. I am moving house and only need a 20% mortgage - to secure the new house, despite this being the same value as my current mortgage First Direct wont let me have this as I am now contracting and the last…
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transfer of equity following separation
My son and his wife have split up. They jointly own a house worth £95k now, but paid £110k for it in May 2007. I lent them the deposit of £6k. Due to unemployment, 6/7ths of the mortgage payments were made jointly, with 1/7th being paid by my son alone. He wants to transfer the equity into his name. The Bank of Ireland…
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Mortgage help
I have been self-employed for the past year and I am now getting 2k a month before I was on 1k where I am working. I have a property which I am not living in and earn £1,750 a month with no mortgage to pay. The tentants are council tenants but never had any problems with payment. I would like to re-mortgage this property…
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shared ownership, negative equity
Hi, 3 to 4 years ago I made the mistake of going into shared ownership of a flat, I own 50% the housing association the other 50%. Well, maybe it would not have been such a mistake but unfortunately I got made redundant not long after buying and had to take a job which is quite some distance from where I live. The cost of…
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Consent to Lease
Please help me someone. 3 years ago I got a consent to lease on my residential property as I got a new job in a different area. The Halifax hiked my fixed rate up to 6.99% and charged me £500 for the pleasure. This consent is just about to run out and they now tell me I have to 'buy a new product' - either a fixed at 5.94%…
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First Time Poster - interest advice please
Hi all, First time post and a question that is troubling me... we have a mortgage which tracks at 1% above base rate and so has been at 1.5% for quite a while now.:j we are also overpaying every month however for some reason in some months the interest part of the payment is higher than previous months :( why would the…
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Fixed term ending - what should we do?
We bought our house 3 years ago and got a mortgage with the now defunct Mortgage Express. It was interest only 100% mortgage. Due to personal circumstances at the time, this was our only option and it meant us being able to get on the housing ladder but I do realise 100% mortgages and interest only was risky. 3 years…
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Halifax web balance never adds up
Hi, I have a Halifax mortgage for which I regulalrly make over payments. The balance on the internet banking never reflects the regular or over-payments fully, i.e if I make an over payment of 1000, the balance is reduced by 800. My regular payments reduce the balance by about 2/3rds of the amount I actually pay. Interest…
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£72K mortgage left on lifetime term tracker rate of 1.69%
I've currently got £72K left on a lifetime term tracker rate of 1.69% (BoE base rate + 1.19%). I think this is a good rate. Would it be sensible to avoid switching provider and just overpay on this mortgage to reduce the term? I'm struggling to find a better interest rate at the moment.
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whole of market brokers
I need to find a broker can any one refer me to one Thank you
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First Payment Question
We are FTBs and are in the process of arranging the mortgage, etc. It's all going fine and dandy, but we're slightly confused. On our KFI sheets, they all say that the first payment to them is the first month + 1 month's interest. I don't understand how this works - surely it should depend on when you get the money vs your…
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Mortgages & shared equity
Hi, Around 6 months ago, my partner and I bought our first house. Because we only had 5% deposit, we took the housebuilders scheme where we got 15% of the value as an interest free loan for 10 years, which we are to pay back at that point or if we sell before. This meant it should open up cheaper options because we only…
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first time buyer with rubbish credit rating..?
I am 29 and have approx £12,000 debt (old loan which am paying off in monthly installments to debt collection agency) i earn approx £20'000. I know my credit rating is going to be rubbish, i have a basic bank account and the bank will not upgrade it to a currnt account. Is it likely i will have trouble getting a mortgage?…
