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Mortgage denied :(
Hi all We applied for a mortgage with Nationwide a week or so ago. We had the valuation and survey done and got the results a few days ago. No items were in red, there were a couple of advisories in orange but nothing major. However, our application was denied because apparently it is of "non-standard construction". We…
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release of deeds
i have just paid off my mortgage which was outstanding £10,600... i had adm charges which were placed on there when i took it out of £175.. just kicked up a fuss and they have reduced it to £50..however i was asked about my deeds and did want them? i said they had not been mentioned so probably yes...however i was then…
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Some advice...
I pretty much know were stuck but my wife is of the opnion there is no harm in asking our bank.... We have a mortgage at nram. Little equity, 10% just about, mortgage requirement will be just about 3x single income. Bad credit, but a squeaky clean mortgage history. Therefore little to no chance of a remortage with anyone.…
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Retirement Mortgages
I am retired (widow) I own a house in London. I have given my son 2 flats, and I retain the freehold and a flat in the house. My son has had a crisis and is not working and cannot get a mortgage because he is unemployed. However, one of the flats I gave him is empty and requires some refurbishing, (he lives in the other).…
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My middle name is not on my mortgage application .. sigh
God this is getting so stressfull. I don't use on any documents my middle name, except it is in my passpport. So when i signed my mortgage offer with the bank, i didn't use it. However my solicitor informed me today, this could be a problem, due to how some banks operate, and that i need to go back to the bank to inform…
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mortgage not secured
What repercussions are there if my mortgage is not secured against my house. I have just tried to change mortgage broker onlly to be told they cannot expect my mortgage because present mortgage is not secured against house. Shall I just stay with present mortgage provider or get them to secure the loan against the house so…
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MSE News: First time buyers boost mortgage numbers
This is the discussion thread for the following MSE News Story: "A small jump in the number of mortgages approved in February was driven by an increase in the number of new buyers ..." Read the full story: First time buyers boost mortgage numbers
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Please advice me!
Ok so I am looking for advice... My partner and I are living in a house that I used to own (long story!) and that we now rent from my brother. my brother want to sell the property, valued at around 210k and we would really like to buy it. Our concern is this: -We both have poor credit scores -My partner is self employed -I…
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I am in a real mess! Advice needed please
This might be quite a long post...Where to start! In July 2007 I bought my house (with my now ex partner) for 129,000 - however as first time buyers was completely naive to the whole buying process and did not get a good deal on our mortgage. We were advised to take out a Northern Rock mortgage where we would be able to…
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OH won't get his credit report!
Hiya, Currently in the process of going for our first mortgage. My OH and I are just waiting for a chunk of his back pay and his guaranteed overtime contract to boost his salary. Anyway, I've spent a very long time fixing my credit to get to the stage I'm at. Because it's a long process I've been signed up to both Experian…
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Mortgage types
Hi All, Fixed or Tracker??????????? Thanks for your help!!!
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Legal advice re: mortgage credit consolidation
We are in the process of remortgaging and have qualified for free legal fees with our lender:T they have however told us to seek separate legal advice as we are borrowing extra in order to consolidate our credit card debt which is in my husbands name although I also have a secondary card. They have said that we need to…
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Mortgage Advice please
Hi can anyone advice about my standard varible mortgage with Halifax. I have about 20K outstanding on the mortgage. Please can someone advise what the best options are with respect to getting a fixed mortgage or stick withn the current one? What is the best deal going? Any help on the matter is greatly appreciated Grover
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Mortgage holiday
I am applying for a 6 month mortgage holiday with the Halifax. We have jst renewed our deal today at a a fixed rate fro 3 years and apply for mortgage holiday tomorrow. Just wondering if anyone knows what they take into consideration when deciding whether to give you a holiday or not?
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Refused additional borrowing
Please can someone advise me as to what action I can take re the following : Took out a mortgage with Aldermore through a broker in Sept 2010 - £100k to move mortgage and £50K to build an extension. At the time Aldermore offered to lend up to £70k for the extension but we decided we could probably do the work for £50k…
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Lloyds TSB Mortgage Payments
I have my mortgage with Lloyds TSB. I have just made my first payment which is bigger than the agreed amount for the monthly payments. I would like to know if Lloyds mortgage payments are paid in arrears or if they are paid in advance. For example an agreed payment of £240/month with a first payment being £340. My…
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anyone good with numbers!!??
Hi can anyone help please. I have a 95k mortgage on a 6% 'deal. 23 yrs left. £475 now only paying interest only. Trapped in till Nov 2013 with presently 4k approx to get out. Been offered a mortgage with most expenses paid for 3 yrs fixed term at £535 pcm about fixed rate 2.5%, repayment over same term BUT my dilemma is…
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overpay monthly or lump sum ?
I hope I'm in the right place, any advice is appreciated. Our mortgage has 8 years to go of the original 12, 6 of them on a fixed rate of 5.2%. The original amount borrowed was £83000 and we now owe £63600. My question is which is the better option, overpay by £500 a month which we can do with no penalties, or pay off…
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BTL-the tax logic?
İ often read about people holding on to their BTL mortgage instead of clearing the mortgage and i am trying to work out the financialy prudent way of dealing with it? İ know the interest is tax deductable against rents but the fact you have to actually pay the interest at a higher rate than a normal mortgage or any saving…
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Are the Halifax slow in responding to queries?
We were due to exchange contracts on a new build last Weds but our solicitor has had to check out a query with our lender re the road not having been adopted by the Council and no section 38 being in place yet. They sent a fax last Thu and were told they took 48 hrs to respond to queries of this nature usually. Upon our…
