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Info needed by lender if someone else pays my deposit?
Hey i am applying for a mortgage but someone else is payinng my deposit (25%) for me and i was wondering what info the lender will need to know about them, they are non UK resident, many thanks.
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Overpayments and interest
Hi hoping someone can just clear something up for us re Overpayments. We were applying for a 30 yr mortgage but lender has said based on affordability we must do a 35 yr option. Based on the savings each month we plan to overpay, and using the following calculator says by overpaying the savings each month means we shave…
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Mortgage Advice Please!! Nationwide wont give me a fixed rate!!
Hello Within the last few months my first mortgage (3yr fixed rate mortgage) of 6.4% ended so i went onto Nationwides Standard rate of 2.5%. This has meant my monthly payments dropped from £464 to £297. This has allowed me to use the money i save to pay off other debts. I am still paying these off. I phoned up Nationwide…
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Transfer of equity on a mortgage
Hi, Here is a little background info first. After me and my ex broke-up I have been living in the house we both have a joint mortgage on. She moved out several years ago now but still continued to pay her side of the mortgage. As we are both getting on with our lives (I wanting to move town and she getting married to her…
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Overpayment/reduced term
I'm due to finish the 2 year discounted rate on my first mortgage soon, I've been overpaying each month and I want some advice about my best course of action now. My mortgage was at 168,000 to start with, I pay £875 with a 20% overpayment each month. My current interest rate is 4%. I've got 10K in savings which I'd like to…
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Mortgage Application Referred to Underwriters...Help!
We sold our house just under 2 weeks ago and have moved in with relatives temporarily. Yesterday I applied for a mortgage with ING direct and after doing a credit check was told that it would have to be "referred to the underwriters" as I was not on the electoral register. I spoke to the local elections office who told me…
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Remortage question
Not sure if anyone can help, but I remortgaged with Santander in March as no one else would give us one! My OH works for himself and freelances, and has only been doing this since Febraury 2010 and I'm currently looking for work after being made redundant after maternity. So we had to stick with Santander. We owe £104,000,…
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Remortgage with Partner HELP!
Hello I am in something of a pickle and looking for the advice of you financial guru's out there. Here's the situation... I have a mortgage on my home that is attracting a rather poor 4.95 interest rate after Skipton hiked their SVR. The mortgage is for £305,000 making the costs high. I want to remortgage to a much better…
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Can i change my Mortgage
Hi all i am looking good advice. I have 11 years left and £33,000 to pay on my repayment Mortgage with the Halifax.I recently left my full time job because i had no choice in this matter,i am now working part time and i can pay my payments no problem. All i want to know is should i move my Mortgage to another lender so i…
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Additional Borrowing RBS
Hi, Just applied for additional borrowing on my mortgage with RBS. Our property is worth £150,000 and our mortgage balance is £92,000 so applied for £6000 for some home improvements (new drive and fencing :D ). Applied over the phone and passed all credit checks so now I have to wait on offer letter, which comes from…
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best way to fund a house purchase prior to selling existing one
We've been out the house buying loop since 2007 and are now looking to move, we're in Scotland if that matters. We are not quite ready to sell the house but may want to secure another in the meantime. We dont have any concerns regarding actually selling our house, its got a lot of equity in it £200k+ and we have some funds…
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Yorkshire Building Society
I'm after some advice on Yorkshire Building Society - they appear to have some good fixed rate mortgage offerings but I'm wondering if there's a catch?? Are they not a good lender? Are they ridiculously harsh credit scorers or something? Also, can anyone advise a calculator that would help me work out what adding various…
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Mortgage paid off at end of month, should I keep it going?
I have an interest only mortgage with an endowment maturing at the end off June, which, along with some of my savings, will enable me to pay the mortgage off.:j Someone said to me that I should pay off the mortgage less a few £, that way if I ever wanted to borrow money I could easily get a new mortgage. Also are there any…
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Buy to let mortgage advice.
Here is my situation. I earn around £17000 a year and I want to take out a mortgage for around £75k-£80k on the property I share with my father which has a value I estimate at around £125k - this is affordable as I save a large part of my income as it is, and I have very few fixed out-goings. I also have a contingency fund…
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Mortgage application- using parents' address?
Hi all Would appreciate some advice here, I've searched through previous threads and can't find anything that exactly matches my problem. Basically, I may be applying for a mortgage soon (first time buyer). I've been on the electoral register at my parents' address since I was 18 and had the same current account since…
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Repayment vehicle for intererst only help?
hi guys looking at houses about £320,000 and putting down £180000 been mortgage free for 6 yrs..... mortgage will be a max of £140k i have a 6 year plan to move up the way then move back down again and be mortgage free again. looking at interest only as will overpay as well, i have £75 in savings, £12k isa and £45k equity…
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Going to fixed rate - Opinions Please
Hi, Im currently on a variable 3.50% I have been offered the following 2 year 3.34% 3 year 3.99% 5 year 4.49% I think I can get slightly lower on the the 5 year, however its much easier to get it all done through my mortgage broker. What's the best 5 year fixed rates posters have managed to obtain over the last few months?…
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Remortgaging with existing lender (Britannia)
Dear All Soon to come out of current Fixed rate but need to investigate whether a SVR or a new fixed will be better. We do not want to increase outstanding amount but do wish to lower the remaining term. On expiry of current fixed will have 22 years left. Would want to sign up to a new deal with a term of 15-17 years to…
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HSBC confused
Hi, I hope some of you can help me, I have had some great info in the past from here. Our 3 year fixed rate mortgage is ending on 31 July, we are currently on a repayment mortgage and have been paying nearly £500 per month. We have just over 19 years left to go and owe around £60,000. So we have had the letter to say the…
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buying a new build?
I am hopefully about to buy my first home with my husband, we are very excited but nervous too, its such a big step. We have found a house we like its not finished yet we are just waiting for confirmation on price. The next step is to pay a £500 reservation fee and then exchange contracts within 28 days. The house will not…
