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Mortgages & endowments

Archives for July 2011

Mortgage downsizing maths
Hi all. I am selling my house worth £300000 and buying a new property costing £220000. My current mortgage is £250000 meaning equity of £50000. The product is an 85% LTV and i will be porting my mortgage on the same terms. Therefore my new mortgage will be £187000 (85% of £220000). Here is where my brain is overloading.…
Mortgages and planning baby advice please
Hi, Is it better to move to a bigger house before you have 1st baby or after? Me and my partner have mortgage on our house now. We are trying for a baby and have been thinking about moving house as we would ideally like more space and settle there before the baby comes. However we would be able to save more money if we…
Remortgaging with the same lender
At the end of the fixed mortgage term, if you want to sign a new fixed deal with the same lender do you have to go through the payslips / credit check rigmarole again?
santander refused to port my mortgage
hi everyone i have a 5 year fixed rate with abbey national - now santander. i am 4 years in and am moving in a few weeks to my new property. in order to ovoid the penalty charge i am porting over my mortgagee to the new property. santander have just written to me refusing my application. my original mortgage was 160.000.…
Remorgage with mum's help.
Apologises if previous thread deals with this situation. My son has been separated from his wife for 18 months, she left the marrital home and has not contributed to either the morgage or running costs since leaving. His fixed term with santander finishes in september 2011 and he is looking to remorgage so that he can…
Deed of Charge Over Credit Balances
Sorry if this might be in the wrong place. Anyone know what "Deed of Charge Over Credit Balances" means, in respect of a small company? Heres the full text following: The charge creates a fixed charge over all the deposit(s) referred to in the schedule to the form mg01 (including all or any part of the money payable…
Mortgage application... Referred
Evening... Just wondering if any body here has had their mortgage application accepted after being referred to the underwriters? While I realise that all mortgages are underwritten, what I mean is the stage before the AIP. My last application was approved instantly over the telephone, this new application which involves…
Mortgages.
If my partner was to get a car on finance would this go against us applying for a mortgage?
records amended "remove the plot number".
Hi, A letter arrived regarding a mortgage held on a property, it states: What does this mean?
Desperate for a mortgage but have been declined, can anyone help!?
My partner and I are looing to take out a joint mortgage on a property with a 52% share equalling £130,000. The market value is £250,000. This would be a shared equity, new build property through an affordable housing scheme in Scotland. We were successfully choosen by our local council but are now struggling to get a…
Hire purchase on conditions of mortgage?
Hi, I'm in the process in buying my first house. I have received my mortgage offer from the Woolwich and as I was looking through all of the points on the pages, I came across a section that worried me: "You must repay the following commitment in full within 30 days of completion of this mortgage without taking on further…
shared ownership & default on credit report
Hi After checking my credit file - equifax - the question now is: With a total income (wages & benefits etc) of £30k do I have any chance of obtaining a 90 or 95% LTV mortgage with a default on my credit file?! Looking to get perhaps £85k (50% shared ownership)? Anyone recommend any shared ownership and/or bad credit…
Advice needed re solicitors fees for TOE
Hi, I bought a flat 5 years ago with my brother (50:50 ownership) as I could not afford to buy it on my own and for those 5 years I paid all the repayments. Now I am in the financial position that I can remove my brother from the mortgage and from the ownership of the property and this was approved by my mortgage provider.…
Will we be credit checked again
Hi My partner and I got an AIP from Abbey 2 weeks ago, and I can see from my experian report that they did a credit check at this point. We submitted the application in full (via a broker) and the Abbey have come back requesting payslips which were supplied. Does anyone know if they will look at our credit history again? CW
Eyeing up a New Mortgage
Morning Everyone I was hoping one of you helpful lot could help me with this small query. In a few months I'm hoping to but a new property with my partner, both of us are on a healthy combined income and have no crippling financial commitments. I have a current mortgage, running for just under 5 years at just under £300…
FTB needs advice
Hello Everyone, I have had some great advice in previous threads and just wanted to get some more knowledge on the same. a little background. I have been self employed since feb 2009 and operate through Pvt LTd company. I have 2 business and sole director. 1st business setup feb 2009 Last FY profit was 35k As a tax saving…
Mortgage declined due to “Affordability” even though we had a Mortgage in Principle
Hi, My fiance & I really need some GOOD PRACTICAL advice. The facts: House price £143.000 – price negotiated before it went to auction (typical auction terms of sale applied) Deposit paid: £14.300 (10%) & Left to pay £14.300 (10%) before completion LTV 80% Total mortgage needed £114.400 Completion Date: 18 August 2011…
Home Improvement Loan
I am considering taking out a home improvement loan and adding 15k to my halifax mortgage. I want to keep my original mortgage with the Halifax as I have a good deal of 1.39%, it's a tracker mortgage of 60k. The best deal the Halifax can offer me on the extra loan of 15k is 5.79% on a 2 yr fixed term. Does anyone know if I…
Unexpected letter
We have a mortgage with Halifax and they recently sent us a letter to apologise because when we took out our mortgage we were not informed that if interest rates rise then the interest they charge us (variable) would not be capped. So as an apology they have paid £2,500 off our mortgage. I thought ooh thank you very much…
Santandar complaint response
Following my complaint to Santandar concerning my transfer to of my mortgage from A and L to Santandar and been told in effect i would have a free month so to speak because A and L take their payments in advance and Santandar in arrears. Therefore as i paid A and L end of June for all of July as i understood the first…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Base rate held at 4.25% – here's what it means and when it might be cut next
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Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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