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Mortgage advice needed please
Hi folks, I have suffered the idiocy of HSBC and now need some advice please if anyone can assist: My 5 year fixed rate ends on 30th June 2011, i.e. next month. I recently had a letter to tell me this and advise I would go onto the SVR unless I called them. I gave them a ring and said I wanted to go onto a tracker...…
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Portability of mortgages
Bit long winded but here goes. We were due to exchange and complete on our sale and purchase this week but someone at the bottom of the chain pulled out. We still want to proceed with the purchase and are looking at how viable it would be to keep our current house for the meantime (our buyer is still interested but there…
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How much mortgage will bank lend?
We have put an offer on a house for £350000 with a 10% deposit (first time buyers). We have a mortgage from Halifax for the remaining 90% (£315000). We have ha 2 surveys conducted: a valuation by Halifax in which the property was valued at 350k in current condition and a structural survey. That survey has highlighted a…
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re-mortgage
My sister is really struggling to pay her mortgage every month since her boyfiend left, she got his name taken off the mortgage and she is down to her last few pounds every month and having use her overdraft!!!! I said why does she not re-mortgage and try to get a better deal but she says because money is so tight nobody…
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Charging Order for Tenants in Common
My partner and I are 'Tenants in Common' . Due to my partner's debt a Charging Order for over 13K has been applied for against our property. I am really worried about this and am not sure if my equity in the property will be protected from the Charging Order. I would apreciate any advice, thanks
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Right approach for remortgage
Hi, I am remortgaging first time. I hope experienced people can throw ideas. My 3 years fixed with HSBC expire in June and current LTV is 72% (based on the price that I paid for house 3 years ago). I would like to put 25K towards mortgage to bring LTV 60% to get life time tracker deal with HSBC. As my fixed period due end…
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Turned down for HSBC remortgage deal
i called HSBC to apply for the lifetime tracker as its fee free to move from my exsisting lender. the rate is base + 1.89%. After 30 minutes on phone i was told the computer has said we cannot offer you a mortgage. the guy i spoke to was very surprised as he said i more than met the critera. i earn £20000- £22000 a year…
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savings plan with interest only mortgage.
I am not sure it Martin himself reads these post's but if not someone else may be able to give me some advice. 8 years ago my mother and father decided to sell their house in Nottingham and buy a house in cornwall. They didn't have enough equity in their house to purchase the house they wanted, so took out a £20,000…
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Can I show future savings as proof of deposit?
Hi, I am looking to buy a new build flat for which I have 15% deposit at present. The builder does not want any payment until October when the flat will be complete. I have reserved the flat but I need to conclude the missives (contract) within the next two weeks with the builder. Checked with a few brokers and they have…
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Really need some Re-mortgae advice
As above, I've been trying to re-mortgage for almost 3 months with the help of London and Country. My fixed term ended with Alliance & Leicester at end of April, I'm now on their standard rate of 4.99% and have a mortgage of £155000 I wanted a 5 year fixed, so was advised to go for Nationwide at 5.89%, the valuation came…
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Tier 1 Visa + Mortgage application
Hi there I am looking for some advise on Mortgages as my current bank HSBC have turned down my application for a mortgage as I am on a Tier 1 Visa. My Tier 1 expires at the end of 2012, and after that I can apply for Indefinite leave to remain. Does anyone know of any banks that would be more accommodating to my current…
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Help on Porting - Low Income Self Employed
Looking for some advice on whether I will be able to port my mortgage or get a new mortgage. Apologies for the length of this mail. We are looking to move house. We have accepted an offer of £190k (which equates to the valuation of our current property) for our house and have had a bid of £155k accepted for a house with a…
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Grrr @ nationwide
Had my survey done wed last week which came back fine. Rang nationwide call centre on fri last week to check on status of mortgage application and to check they had recieved the results of valuation. Was told that because i made inital application in branch i would have to speak to diane who was processsing the application…
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My Mum's Mortgage
Hi to all....New to this so bear with me. My mum passed away in december, very sudden. She had a lifetime mortgage with Prudential on her property which i am in the middle of selling, but I have been told by the Solicitor today that the figure will go up as Prudential are charging daily interest on the life time…
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Is there a mortgage for me?
Hi.1st time poster looking some advice. My situation is as follows: Recently divorced looking to buy a property (ex still has FMH) so I'm not classed as first time buyer. Can hopefully get 10% depsosit (but no more sadly at the moment) for 200k purchase price, good earner 70k+ gross pa and want to buy new build...which is…
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Please Help First Time Mortgage Advice
Hi I am a first time buyer i am 24 and my fiancee 22 together we have an anual income of around 35k i am yet to have a deposit... My concerns are my fiancee has great credit but i have very poor credit and i am not even able to take out a normal loan... I have seen a few flats for around 100k.. Do i have a chance of…
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Buying New Build - Mortgage
Hi everyone, For about a month now I have been going through the process of buying a flat through the government scheme - HomeBuy Direct. I have a £250 reservation down on the flat through Miller Homes after my mortgage adviser called up Halifax (the best lender at the time) and I passed their credit scoring and was…
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Mortgage consent to let v.s. buy to let
I currently own a flat that is mortgaged with Alliance and Leicester on their SVR of 4.99%. I had no option other than to roll on to their SVR when my fixed rate ended last year as I didn't have enough equity to remortgage. I moved out of the flat last year and started renting it out, I obtained consent to let from…
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Change of Parties question
Hello all, I would like to start off by asking you to please be as gentle with me as possible as when it comes to the joy of mortgages, I have no idea what I am on about! It's a whopper of a long story so in the interest of really needing your advice, I will try to keep this as short as possible. My now husband, bought a…
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What's going on??
Hi All, I've recently been hoping to get a morgage to buy a friend's house (he needs to sell quickly). I earn enough to be eligible to borrow £155,000 and I have a deposit of around £30k (the house is £180,000). I've had a broker look into all my finances for me and he thought everything would go through smoothly but all…
