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I would like some borrowing advice please
I am looking to join the property market in the next couple of years .with current prices would be good if they dropped but at present I am looking buying houses valued at 90k ,mind you i am sure i could get that down . okay her are my circumstance i work for an agency unfortunately but have been for the past 4 years for…
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Possible Sale Order from ex
I'm going to phone my solicitors in the morning, but I'm stressing myself sick at the moment and could do with some peace of mind :( Keeping a very long story as short as possible, my ex and I bought our house in May 2005. For 12 months between late 2005 and 2006, he was unemployed (deliberately quit his job without…
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Could mortgage fall through due to disclosure in insurance quote?
Ok, I'm probably being paranoid but basically when we made our full mortgage application the advisor really tried to push for all sorts of things, MPPI, death and critical illness cover, life insurance etc. During the life insurance quote (which we initially decided to go for) you obviously have to answer some pretty…
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FTB Mortgage Waiting game - very stressed!!
Evening, I applied for a Halifax mortgage a week ago to be told I had a fast track mortgage and there was no need for supporting documents ( 75% ltv with shared equity scheme). I was called later on to be told a random audit was taking place on my application. (Though i have not had this in writing - only over email!?) I…
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Endowment policy
I am really confused about selling my endowment policy it has a surrender value of £6600 - does anyone have a clue on what I should look to 'sell' this for? It has been going since 93 and runs until 2023 - monthly payments of 29 pound. I'm looking to use the money towards a deposit on a new house however I'm Stuck!
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Potable mortgages and house ownership
Hi all, I have a mortgage with Alliance and Leicester at 1.49% on a house we are selling this summer. I would of course like to transfer this mortgage and rate across to a different house. Alliance and Leicester have just told me that they will only do this on a new purchase not on a property I already own. Firstly, is…
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FD mortgage puzzle
Hi all, I am a EU citizen who has been living in London for 8 months so far. I have been working in a permanent job position for the same time. My base salary is 60k. I don't have credit card in UK no debts no bad credit history at all. I have just been refused a first direct offset mortgage for a 162k over a new flat in…
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Please can anyone give some advice???!!
Offered mortgage in principal by santander through a broker 2 weeks ago then last Thursday it was passed to underwriter who approved it & it went to valuation on Friday... Monday morning broker said everything was fine and final offer on way. Mon afternoon this changed and internal audit had declined on changes in credit…
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Financial Suicide??
Hi all, Your thoughts on the following wld be much appreciated : Before i met my husband i owned a house that we now let out. The house has a mortgage of £93k, i pay £423/month and receive £450 rent/month. The value of the house has unfortunately gone down to £90-95k realistcially. Others in the area have their houses up…
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Broker or bank?
Myself and my husband want to move house and see if we can get a new mortgage, my husband and I have a slightly complicated history between us and have always felt dealing with a bank in person is easier as you can explain and they have offered us advise and ways round things in the past, but of course we cant get a whole…
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Declined on credit score - why and alternative lenders?
Hi, I am a First Time Buyer looking to buy in London. Am a self-employed professional with good earnings - 4 years' (accountant-approved) accounts, the last 2 of which are in excess of £100k. Looking for 80% LTV mortgage of circa £320k (purchase about £400k). Had agreement in principle from barclays but have been declined…
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when do you get told the maturity amount?
I have an endowment with Standard Life with the last payment to be taken on 1st June and the maturity date 1st July. When will I be told what the maturity amount will be? I had a letter a few months ago asking if my details were still the same but nothing since, should I give them a call or wait it out? The amount should…
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Changing from repayment to interest-only, in a fixed term?
Hi guys. The lo-down is that I'm possibly looking at losing my job, as a change in vocation I am considering going into study for a PGCE. This will mean a massive cut in household income (possibly regardless of vocation change). In the midst of working out that we could just about afford to pay interest only for the time I…
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NRAM to Northern Rock
We currently have a NRAM Together Mortgage and are now moving home. Am looking forward to moving away from the NRAM Mortgage and have an appointment with our IFA tomorrow to go through our options. We have just over 10% for a deposit for our new home and would you believe the best deal that is currently showing according…
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Long Term Contract vs Permanent role for a mortgage
Hi, I am looking for some advice if possible; 5 months ago i left a permanent role of 4 years for a 1 year HOPEFULLY ongoing contract at a company I really wanted to work for. My predessor in role had been there 3 years and left to travel. As far as I'm "reassured", the role is needed and although no guarantee obviously,…
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Aviva Endowments - Terminal Bonus Rate
I just spoke to Aviva this morning re my endowment. I thought it might be of some use to users as I've had a lot of trouble finding information on the web My £35 per month endowment is projected to return, in 2015 at 4% ==> £9,500 at 6% ==> £10,400 at 8% ==> £11,300 against a sum assured of £6,100. Their current final…
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Help and advice please for first time buyers
Hi sorry if this doesn't read well as Im on my phone. Basically i would like a bit of advice please for me and my girlfriend. We will be looking to buy a house in the not too distant future. Probably end of the year start of next. We would have between 10 and 13 thousand deposit and incomes of 22k for her as she will be…
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Adverse credit amount of deposit require
Just looked at a previous post and was wondering if anyone could approximate what percentage deposit is required for those with and good credit rating and those with a poor credit rating. Thanks
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Mortgage Fees - Please Help!!!
Hi all. Want to rack your brains over a mortgage query. Got locked into a fixed rate 2 years ago at a ridiculous 6.29%. I was looking at changing mortgages to save some pennies, but when I take into consideration the early repayment charge of over £1300, it doesn't seem so cost effective after all! I have read somewhere…
