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Mortgage referred after agreement in principle...Chance of success?
Have had a mortgage agreed in principle then referred. What is the chance of it succeeding to 'offer?' Is this normal procedure?
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Pregnancy and Mortgage applications
Hi all We are looking to move house, I'm the higher earner and as yet we've no kids. We've just found out I'm pregnant, though very early (too early to be telling family and friends yet). Whilst we'll have a good-sized deposit, we'll still be looking at a mortgage of 60-70% LTV, depending on the property we go for. Based…
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endowment, worth keeping?
Hi i have an endowment that has 2 years to run. I don't need it to repay the mortgage. I pay £33 per month, total bonus is around £6000 so far, guaranteed cash benefit is 7583 and the life cover is 22500. Is it worth hanging on for the terminal bonus and the benefit of a bit of life cover or selling it? Has anyone any…
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Agreed in principle, then declined after I've paid reservation fee on plot?!
My partner and I have been trying to buy a new build property. We used a financial advisor as my partner is self employed and has only got 2 yrs accounts. We got an agreement in principle from Hbos which we forwarded onto Bellway homes to prove we had it, and then paid the £750 reservation fee for the plot. My financial…
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Endownment shortfall advice needed
My parents mortgage term ends soon and there is a shortfall of £10k because the endowment associated with the mortgage has paid less then expected. Will the building society demand the shortfall to be paid back or will they place him on another mortgage deal. My father is retired and so has no income outside his pension.…
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Mortgage declined
I recently applied for a mortgage with my husband and we have been declined by 3 banks (after they have arranged surveys) and they say they can't tell us why, just that it was assessed by the fraud department and they gave us a decline with no appeal. They cannot give us any indication of why but did confirm that we had…
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How does a Declaration of Trust affect a mortgage application?
Advice please! My father-in-law is giving me & my OH the proceeds of his house sale as a large deposit on another property (for him to join us if he's well enough to leave his nursing home). We are awaiting a mortgage offer from the Halifax for a 38% LTV (borrowing £70k of £183k purchase price). Our solicitor has…
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Mortgage options when moving
Hi all After some advice - we are relocating from our current area as i have a new job. We are planning to put our current house on the market this week. Have a couple of possibilities for a new house but nothing concrete. As i start work in a month we are hoping for a quick sale and are prepared to live with friends in…
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Nationwide re-morgaing question (SMR against BMR)
Hello, Thanks in advance for any replies. Anyone have any ideas/feelings on nationwides SMR (standard mortgage rate) on how it is generated and why they have done it this way as this is the only thing which is currently making me not re-fix so I am unsure what to do really. My situation is that my fixed rate with nation…
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Forced to repay capital + interest from Interest only
Hello, I am looking to purchase a new property and currently have an interest only mortgage with Nationwide. I have an ISA which i am paying into as the repayment vehicle. I need a relatively small amount more (45-50k) in addition to my existing mortgage which i can 'port' over. However, Nationwide has said that because my…
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Remortgage Advice Please!
I have a joint interest only mortgage for 118k and need to remortgage in my sole name. Can anyone advise me how much i need to earn to be able to do this?? Are tax credits and maintenance payments included? and does it help that there is a lot of equity in the property? I would rather have an idea inadvance rather than…
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Bad service when changing Mortgage lender
Hi & apologies if this is not the right place for this query. My partner & I have been paying our Mortgage with the Halifax on the standard rate but decided to switch to a fixed rate with a slightly lower interest rate offered by Lloyds bank. There was a £900 arrangement fee which we paid up front. The mortage was supposed…
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Pay lump sum off mortgage or invest
We have 3 years left on an interest only mortgage at standard variable rate with Nationwide. We have been overpaying without penalty for 2 years and built up a reserve of £3,500. one of our endowments recently matured giving us £20,000. Should we pay this off our mortgage, invest in Govt Bonds for the remaining term. We…
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Can I get a mortgage?
Hi, I earn £32,000 a year, with no credit cards, overdraughts etc. I was dismissed from bancruptcy in 2007. I plan to save a deposit to buy a house, but would I even get a mortgage for the balance? Any ideas, or will this be impossible? thanks Jo
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Halifax Mortgage - Experiences Please
Hey there, without going into too much detail we're buying a house on the 80/20 deal and have had a mortgage in principal with halifax but then they have requested things like passport and bank statements to id my partner (he has had several addresses over the past few yrs and not registered on electrol role) and finally…
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First Payment
My mortgage funds were sent last week before completion but ive no idea when my 1st payment will be, when do i find out. Also does this mean I can now start to overpay?
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some advice please
me and my partner have split back in feb. we have had a joint mortgage together for 3years. i have left the house and moved back in with parents. my ex remains in the house and is refusing to move out so cant rent it. we have had the house valued and it has come in at £99.995. we have a mortgage for £109.000 currently.…
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5% morgage now or 10% morgage in a few months.
Hi, Myself and my fiance are looking to buy a house. The morgage will be in my name but he will be paying half the deposit and half the monthly costs. We can't agree what type to go for so any advice would be great thanks. Option 1, we opt for a 10% morgage with a lower intrest rate and have to wait 6 months until I have…
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Tables turned on Florida bank
Just posting it in case anyone enjoys it as much as I did http://uk.finance.yahoo.com/news/-Sweet-justice-wronged-yahoofinanceuk-246365240.html There IS a god.....sometimes!
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Maternity Mortgage Break
Hi All, New to site after reading a few threads i was hoping somebody may be able to help me out. My wife is due to give birth in December and we are trying to plan her maternity leave. I have heard others and read also about mortgage holidays. We have just come out of our fixed rate with Bristol & West after 3 years and…
