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Is this a good mortgage offer?
Bank of Scotland have offered us a joint mortgage on a £128,000 property. We are putting down a £32,000 deposit, so the mortgage will be £96,000. The offer is: 2 Year Fixed @ 3.59%, £995 product fee. 10% overpayment's allowed per year at no penalty. I seem to be getting similar rates to people putting down a far smaller…
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Deposit
Hello, I have recently taken out money from my NatWest / Halifax and Post office savings account and put it all into my HSBC ISA, also I put it £1000 cash from a recent sale of my computer and I phone I now have £9200 in my ISA for deposit, will the mortgage people want evidence of where all my money came from, e.g ebay…
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Making an offer !!!
Hello, we are looking to put an offer in on a repossession today and we are seeing a mortgage broker tomorrow. Just wondering, what will we need e.g will we need a recent bank statement, passport, how many payslips, proof of contract? Also we have 9,000 deposit and other 3,000 being given to my girlfriend by her…
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Selling my endowment policy.
Hi We are thinking of surrendering our endowment policy can anyone recommend a good company who are regulated to get a quote from. Thanks
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mortgage in principle santander
i am buying my own home and last week(friday) spoke to santander about a mortgage with them and they gave me one in principle based on a 2year fixed with a £99 booking fee happy with that i made my offer to my delight got accepted so i rang santander back up and they now are telling me the booking fee is £499 :mad: how can…
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Multiple employers and first time buyer
Hi all, We visited a mortgage broker who based upon our income of £30,000 a year, applied to Halifax for a mortgage. We then found out that we were approved in principle and given a mortgage promise. We have since returned to complete the application after getting an offer on a house agreed, to be told that we need the…
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Gifted deposit from Boyfriend & mortgage application
A couple of questions please: 1. Do lenders accept a gifted deposit from a non family member. i.e. my boyfriend? Is the sitaution made worse if he is going to occupy? And if he doesn't occupy initially but he does later - does this have to be disclosed to a lender? 2. When doing an application with the major lender, e.g.…
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Nationwide AIP Retracted (FTB)
Having waiting since 18th Feb until last week for the AIP on a 10% Mortgage borrowing £145000 with the Nationwide arranged through an IFA. During that time I was able to increase my deposit by £6000, and my overall affordability increased. IFA told me to go and look at houses while he tried to come back with improved…
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Where to get my insurance quotes?
My broker sent me couple quotes today, one was buildings and contents and the other was life an critical illness for myself and partner. We plan to take out 80k mortgage on a 140k house. The quotes combined were less than 50 a month. Where would be a good place to get my own quotes for comparison as I dont know if this is…
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Top Up Loan to Build
Hi, Am after a bit of advise please. We are selling our house and buying a house which requires a full refurb. The house is costing us an extra £50k ontop of our current mortgage. We also need around £50k to complete an extension and finish the refurb. We are fortunate in that we can borrow the money for the refurb up…
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struggling to make payment
Situation is my house that i have a mortgage on has been tennat free for a few months. I now have tennants moving in in a few weeks but have used all my credit that had built up on the mortgage to pay the last two months. Now I cannot make this moth's payment. I called and asked for a payment break and they said no. Said i…
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Overpaying a mixed mortgage
We have a mixed repayment/interest only mortgage with Northern Rock - it's a tracker currently at 2.75%. We're thinking of overpaying about an extra £100-150 per month, but should we direct this at the repayment portion (about £72K) or the interest only (about £135K) ? I can't get my head around which would be the most…
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Last 3 months of bank statements check
Hi All, My mortgage application is almost through, subject to me providing my new employment contract and 3 months of bank statements. I haven't been overdrawn and have had at least £500 in my account most of the time. I have recently started trading CFDs and shares and so I have a number of payments out for funding this.…
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Mortgage - First time buyer query
Dear all, I am hoping for some advice from anyone in the know about mortgages. My girlfriend and I are currently both 25 and renting a 1 bed flat in the city centre for about £600 per month - £800 including all bills and council tax, etc. We have a combined salary income going forward of £64,750 and if we were to live rent…
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HSBC Mortgage Overpayments Issue - Anyone else?
I've found a subtle way that HSBC are (in my view) overcharging me on early repayments - and am posting to see if anyone else is in the same situation and/or whether they've been able to do anything about it. So.. (and apologies for length) I'm on a 5yr fixed-rate deal - which, with the foresight of a dead stoat, I signed…
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Help please with mortgage
:( I have a mortgage with birmingham midshire and the mortagage was taken out in April 2008 on a 3 year fixed rate interest only on a balance of £226,549 (£ 223200 amount borrowed + £3,349 arrangement fee added to mortgage). I had a look at my 2 years statement and the £226,549 has increased each year. I called the company…
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First Active Mortgages
Hi, I wonder if anyone else has or is about to come off a fixed rate First Active Mortgage. I've just had a letter from them telling me my rate will move to 1.60% from June but coincidentally, encouraging me to contact RBS (the parent company) to look at other "attractive" offers. A quick glance at both the RBS mortgages…
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International Guarantor
Hi, I'm just wondering if anyone know what is the general position of the banks/lenders on international guarantors on a UK mortgage? I live in London and am looking into purchasing my first property but i would need a guarantor to help me secure a loan but the only family I have in the finacial position to do so all live…
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Remortgage
Hi my partner needs to remortgage or get a better deal on his current mortgage as he is struggling with the payments at the moment. I f the interest rates rise he will end up losing the house as he wont be able to afford it any longer. We have assessed his money situation and it is just too much of a stretch. The bank cant…
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Am I missing something?
Hi Ive read this morning the interest rate may quadruple in the next year. ON MY 180K mortgage at 4.25 variable that means for every quarter it goes up 70.00 PM obviously 4 x this is 280.00 PM. Currently I pay 645 PM. Ive spoken to santander and they have said they can't do anything for me as my house is not 80% loan to…
