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FTB searching for 1st Mortgage
Ive had an offer accepted on a house (155k) and I have a mortgage in principle from HSBC (80% LTV Lifetime Tracker Fee Free @ 3.29% with no fees) On paper this seems like the best deal on the market however im cautious and wondering if there is a better deal out there? or wether this is the best mortgage to get considering…
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Question about over paying Mortgage
We have been overpaying our mortgage quite consistently this year; £500 each month. Anyway Santander sent us a new statement each time we over pay to show the new end date (we reduce the term not the monthly repayments) and how much is outstanding. On this it also shows the amount that we'll be paying each month for the…
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conveyancing in progress - when do I let my landlord know
Hi Folks, I have just sent all documents to my solicitor, mortgage offer received and all seem to be sorted from Bank's side. I am currently renting and need to give a month's notice in order to get my deposit back. Solicitor says it could take 6 - 8 weeks. I know the seller is buying somewhere as well and I have no idea…
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Please help. Mortgage after breakup.
Hello everyone, Please can someone advise on what I should do in a bad situation. I have a mortgage which my wife (soon to be ex) is also on. When we took out the mortgage we were both on a full time wage but a month later she went part time. The house was bought for £130000 and I put down a deposit of £13000 which was…
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Switching to interest-only mortgage - alternative capital payments
Hi I am asking my building society if I can switch from repayment to interest-only mortgage. They will apparently send me a form asking me for details of how much I will be paying into my alternative capital repayment every month. I have said this will be a mix of S&S ISA and a Share Incentive Plan at work (the person I…
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Building society incompetence
I have posted a couple of other threads re my current application for a shared ownership mortgage. I called today to chase up the mortgage offer and was told that it had been keyed in incorrectly by their processing team so they have had to resubmit the whole application and give it a new account number. All the…
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Mortgage Credit Check?
Hello - any help on this would be really appreciated! I moved that out of my property to move in with my boyfriend a while ago and rented out my flat - I didn't inform the mortgage company (C&G) as I didn't really think about it. I am now living on my own in a separate flat and my landlord has offered to sell it to me. I…
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Which would you choose?
Hi All, I have had an offer accepted on a property and am now in the process of getting a mortgage in place. My LTV is 80% and I am torn between the two options below: 1) 2.49% + Base Rate tracker, no fees, free valuation, no exit fees or minimum lock-in period. 2) 3.79% 3-year fixed, £995 fee, £530 arrangement &…
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Historical Analysis - Lenders SVR against BOE BR
Hello Does anyone know of any resource that will be able to show an Historical Analysis of Lenders SVR against BOE BR? Recently (well the last lot of rate changes at least) some lenders have been better at tracking the BOE BR than others. Whilst that is no indication of what could happen as rates start to rise, its…
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Northern rock payment holiday
Hi all, I'm looking into taking a payment holiday with my NRAM mortgage and they state that they will carry out "an affordability assessment", this involves me telling them my income and outgoings and details of my loans/credit cards. Can anyone tell me if they carry out a credit check or anything else or if the assessment…
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Can anyone recommend a good 2 yr fixed?
Hi all I'm due to come out of a 5 yr fixed at 5.39% at the end of Nov and would like another fixed rate mtg but only for 2 yrs this time as may be looking to move in 2 yrs time. I have found a no. of lenders will let you secure a mtg now for draw down at the end of Nov to avoid my large redemption fee with my current…
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What mortgage type for buying a second home?
Hello Guys, I am looking to buy a second home to use through the week for work so I don't have to commute. Since I am not looking to sell my existing property, will I be applying for a first time buyers mortgage or a remortgage? They seem to be the only two options available to me on websites. Thanks.
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Mortgage advice needed
HI After seperating from my partner luckily enough on friendly terms the time has come for me to move. Currently our mortgage is in joint names but i am the main wage earner. My partner does not work but has enough to cover the mortgage easily through benefits and tax credits. Due to one of my children having a disability…
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Help with confusion about shortfall on endowment mortgage
Hi I have an endowment policy with Pearl on my mortgage that matures in 2019. I have been paying since 2001 and receiving every year a red alert letter showing high risk of a shortfall. The target amount is 29,500.00 However when I first received a red alert letter some 5 years ago I over a number of months overpaid into…
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Consent to let
As part of my job, I'm going to have to work in France in November for one year. To avoid the hassle of having to find somewhere to live as soon as I get back, one option is to buy somewhere now (my first place) and rent it out whilst I'm away. I'm lucky enough to be able to put together a reasonable deposit (around 40%,…
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I am confused - do accord accept builders deposits or not?
Hi folks, I am buying a house from Taylor Wimpey and they are giving me 5% deposit. So theoretically I thought I would need another 20% deposit for a 75% LTV mortgage. Some lenders accept this, however some lenders see through it and take the value as being the sale price minus the gifted 5% deposit, and then ask me for…
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stiffed by the nationwide?
I Have 33,600 over 13 years 7 months on the standard 2.5% rate, so looking to switch to the produce seen on the website, 3.39% fixed for 2 years. However rang them up and was offered 3.89, which i cant find anywhere on their website as a rate. Each month its around £10 more, so over 24 months I would pay them £240 extra…
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L & G endowment matures at 99%!
Some endowment good news. 25 years ago I took out a low cost, low start with profits endowment for 43k. I did file a misselling claim that calculated that I was mis-sold but that I was better off than if I had taken a repayment mortgage so not entitled to compensation. My IFA reccommended that I keep the endowment going.…
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Credit cards and mortgage;
We will be looking to raise a mortgage in six months or so. We have a LOT of available credit on our credit cards (some still have balances but I shall pay them all off before we apply for a mortgage). I suspect between us we have something like 50k available. Should we cancel some of these cards? They will all have zero…
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Mortgages for older people..? Advice please
Hi..just asking on behalf of someone else... When i say "older" i mean mid to late 40s and first time buyer typically. Some questions... Could someone who is..say ..50 get a 25 year mortgage by showing that for example,they had a final salary pension or other pension vehicle? Would the payments be tapered to factor in the…
