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Money for survey taken, booked for Monday, good sign?
Hi, I know they can still turn you down for a mortgage even if the survey is fine, but does the fact Halifax have taken the money and booked it for Monday mean anything? I.E Is it a good sign? Or just not a bad sign? They received all of our documents yesterday, like P60 etc etc, underwriter knew they would be in and that…
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Paying fees, deposit and solicitor for mortgage.
My boyfriend and I have all the money we need to pay all costs associated with getting a mortgage but all the money is in a saving accounts so we need to transfer this into a current account (which takes 48 hours) before we can pay it out. We paid the mortgage fee up front today but just wondering when it is we pay…
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FTP with girlfriend
Hi all, Forgive me if this has been asked previously - i've searched quite a lot and can't find a detailed answer on this :) So, myself and my girlfriend are looking to by our first house together this year. Through some less than wise choices with money in my early 20's i have little to no savings to my name - but my GF…
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why have abbey only gave me...
When i applied for a mortgage i got a mortgage in principal and MB (family member) told me i would get £75000 for the house i wanted or a little more if i saw any others. So done full application gave them P60 and 9 weeks of payslips 2months of bank statements, they have turned round a said £63000 is my wack. I earn £23000…
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Interest rate change
Hi all We're in the process of finishing up our mortgage application and today i've since noticed on the lenders website the interest rate has changed significantly (reduced). When is it too late to want to change? Would it have to be before an offer is produced or can I change right the way up till when the money gets…
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Mortgage fixed rate ended - advice please...
Hello Helpers! My fixed rate mortgage with Santander has now ended. It was a two year at 5.4%. It has now moved to the SVR which I am told is 4.24%. This is better than it was which pleases me!! I do not have a good knowledge of mortgages so am asking people for advice given the following math and therefore whether it is…
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House owner with mortgage want to help brother and buy house with him
Hi This is my first post please be kind. I currently own a home with my husband which is jointly mortgaged through Natwest/RBS (was First Active). My brother is not in a position to purchase a property on his own and I would like to buy one with him and be a joint mortgage holder with him. Together we can raise around 10%…
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Help
My daughter has found out her husband has added £58 thousand pounds to the mortgage. She is hoping to get him out of the house without him having any money from it as she did not sign for one of the amounts on the mortgage.They are now getting a divorce and she is hoping to keep the house although on her wage normally she…
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Can You See a Solution?
I'll keep it brief. Friend wants to buy the house he rents but cannot raise enough of a mortgage to do so due to his income. Landlord has offered him the option to buy half & pay a small amount of rent with the option later of him 'buyigng out' (his words) the remaining share in the future. His bank have told him they…
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transferring/extending an offest mortgage
Following my post on 14th June re bridging loans....I've looked at them and decided not to even think about them!! What a rip-off!! I (myself only) have a £40,000 offset mortgage...i.e interest only...with First Direct against a house worth £450,000. I want to purchase another property for me & my partner to renovate worth…
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ERCs and remortgaging
There's not much action on the ERC thread, hope nobody minds the post here. If i were to pay ERCs to re-mortgage would i be able to add the fees to the new mortgage or would the fees have to be paid before the new mortgage was taken out?
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First time buyer, no job, £30.000 deposit
I am a first time buyer that would like to get onto the property ladder in London that wants to purchase a property as an investment that I would rent out to private tenants not live in. The problem that I think I may have is that I have recently been made redundant and are in between jobs so I can not provide proof of…
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Mortgages for the Retired
Sounds strange I know but we have another 5 yrs to pay off our interest only mortgage which we took out to finance a property abroad. We are now retired and our mortgage deal (tracker) comes to an end in 3 months. We only need 57% loan to value mortgage. What I want to know, is there any chance of our moving our mortgage…
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stupidly loaned money to friends now trouble re mortgaging
as above, used some credit card balance to loan friends money, getting it paid back slowly and set up a re payment plan. however, now i need a re mortgage they are looking at this debt and as its in my name and its affecting my re mortgage application! moral of the post, dont lend significant amounts to friends?
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Which lenders for a large-ish flying freehold?
Advice please! We're hoping to buy a three bedroomed house that has a large flying freehold, but are having real trouble finding a lender that will allow us a mortgage on the place. We've had an offer accepted, but our original lender has refused to lend. The house has a cellar under it that is owned by a business. The…
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Mortgage Overview?
I've used a few of these online mortgage calculators and I'm now looking for real feedback from people who are living with paying a mortgage. I might have had some bad advice but I would like to clarify it on here with you guys. It's been suggested to get an interest only mortgage and get my foot on the ladder with a flat…
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Change in mortgage offer
I was buying a property, had the mortgage offer, survey etc and the seller changed his mind. Licked my wounds and I have now found another property I have offered on but it is less money than the first. The mortgage offer was a remortgage of my residential property to release some equity so I now need to release less…
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Need out of current mortgage deal
Coming up to end of second year of 5 year fixed term at 6.64%. Currently own around 116,000 and the exit fee is approx £3000. I have went to a financial advisor and the only deals atm are either variable or tracker which will inevitabally rise anyway, some of the new deals also include upfront fees which we will lose if…
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Fixed rate finished - some advice please!
Hello everyone, Me and my wife are after a little advice please. Our current fixed rate has finished and we have dropped onto the SVR. This means we are paying £250 a month less at the moment. Our original payments were £950 and we have dropped to £700. If we re-mortgage now we will be paying around £800. The dilemma is…
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Insurance for mortgages
Hi All, At a recent mortgage appointment, I relaised that i needed cover. HSBC discussed 4 types of things to cover: Life Sickness Trauma Unemployment Which one do you legally need if taking out a mortgage and also is it cheaper if you don't take the ones offered by lenders? If so, who is best to get this from? Cheers, J
