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OffSet Mortgage
Hope u guys can help. Im moving to london in October to go back to university as a postgrad student. I will have savings of around £170k. Im looking to purchase an apartment for around £130k. Would an offset mortgage work well for me as i'd like access to my saving and will have to pay for living expenses, tuition fees etc…
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remortgage less than market value?
could anyone tell me what percentage santander would reduce the value of a house when you ask to remortgage? I have a feeling that the value has been reduced by 18%
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Mortgage passed over?
Hi, I have a poor credit rating and have been refused a mortgage because of this. Rather than wait X amount of months or even years for this to improve, would it be possible for my girlfriend and her dad to get a joint mortgage and then once the house is bought change his name over to mine? I earn a good wage but my credit…
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1 in 10 chance of fastrack falling through?
Hello All I recently moved back to the UK after living and earning abroad. I am now the director of a UK company I set up myself nearly a year ago. Despite having 70% of the house value as a deposit, with only one year's accounts , I was knocked back by most lenders and told to come back when I had a minimum of 2 year's…
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Why wont the give me a bigger mortgage?
i currently have a mortgage with nationwide. we bought i house for 82,500 in 2005. we still owe 68,000 as of now. we want to move and i have seen a great house for 64,000. but the problem is, we currently pay £504 pcm for our mortgage, and i have entered my details onto their how much can you borrow calculator, and the…
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life insurance with mortgage
Hi I hope someone can help me on this one. My mum and Dad took a remortgage about 5 years ago with a mortgage broker and they were told that because they were 60 to be able to get the mortgage they had to take a life policy out for each of them. As they were still working and still are can you tell me if this is true or…
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5 year fixed rate???
Please help - I am moving home and looking for a new mortgage. I need to borrow £110k against the value of the new property of £165k This is a total minefield to my inferior knowledge but I have been given some quotes by a "whole of the market" broker and the following 2 seem the best:- 5 year fixed with Accord (Yorkshire…
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Additional Borrowing on Mortgage for Second Home
Hi All, I have a mortgage of 30k with RBS on a 150k home. I would like to borrow another 35k on top of that to go half on a house with my sister for my elderly mother. Will RBS allow me to increase the loan to buy half a second house? Is there a better way of doing things? PPS I have a good credit score and i am a higher…
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could i get joint mortgage with daughter
hi my daughter is going to uni, on masters degree she hopes to get a job afterwards in same city i'm 54 yrs old as she has no real income, could we get a joint mortgage over 25 yrs, so i start paying mortgage and when she gets a job and is position to pay she takes over paying the mortgage
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Releasing equity for deposit on second mortgage
Hello everyone, I have been scrouring the net but cant seem to find difinitive answer. Basically I need a bigger house, mine is currently on market but not going to sell and I want ro rent it out (I have checked and can get consent and they have agreed is self financing). The problem is I dont have much of a deposit and…
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Adverse mortgage app - bump
IF ANYONE HAS ANY INPUT RE THIS POST WOULD BE VERY MUCH APPRECIATED MUST BE SOMEONE WHO HAS SOME ADVISE BEIT GOOD OR BAD If you are reading this and can give me any good replies please do so as my brain is doing overtime and I will probably give myself a heart attack before the weekend is out! My story is as follows: In…
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Launched a complaint
I recently converted from a a and L mortgage to a Santandar one when i did i was told i would get a "free" month due to A and L taking theirs in advance and santandar taking theirs in arrears so i paid A and L their last payment end of June so ive paid them to end of July then i was of the opinion Santandar would take…
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Adverse mortgage application/2 defaults being challenged
IF ANYONE HAS ANY INPUT RE THIS POST WOULD BE VERY MUCH APPRECIATED MUST BE SOMEONE WHO HAS SOME ADVISE BEIT GOOD OR BAD If you are reading this and can give me any good replies please do so as my brain is doing overtime and I will probably give myself a heart attack before the weekend is out! My story is as follows: In…
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mortgage with default?
Hi I am new to this, just wanted to know if it is likely to get a mortgage with husband excellent credit but mine is fair with 1 default from loan settled with IVA in 2009, but default date May 2006! We have had a mortgage for 13 years and now sold our house as we need something bigger for our 2 children. We have 25%…
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Help with buy to let idea
Hi my partner and I are considering the idea of renting out our property rather than sell it and our mortgage lender (Nationwide) has informed us that we can have consent to let. This may sound crazy but I had trouble understanding the advisor from our mortgage lender but basically would like to know what we can borrow for…
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help with northern rock remortgage
Hi was wondering if someone could please give us some advice if possible. We are in our mid 20's have a baby and really need some guidance. We have a very high interest mortgage and due to being nieve and uneducated in finances currently have a 125% mortgage (100% mortgage and 25% unsecured loan with northern rock -…
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Valuation instructed
Have recently submitted a mortgage application via my broker. Today got a text from the lender (Woolwich) advising they've instructed valuation. I'm taking this to be a good thing. I assume lenders don't instruct valuation until they've looked at your application and deemed you are OK to lend to? I have this niggle as I've…
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Abbey Valuation on New Builds
Hi, We have today been told that Abbey have valued our new property at less than Barratts asking price. They have said there are no similar houses in the area and ours is the first of this style on the development to be sold and get this far. The house price is £163k and the valuation has come in at £140k. Barratts have…
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moving home help please
Hi, I currently have a mortgage and owe approx £55k, its a 1 bed flat and only in my name. I have an excellent credit history and i really want to move house and live with my partner. I think i could sell the flat for £65k so would make £10k but my partner already has a mortgage for the property that his ex and child…
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Best 90% LTV 5 yr fix on the market?
Saw the 75% thread and found it very useful however my mortgage is currently around 90% LTV so thought I would start a new thread for us people who have not got so far at present. I have started to look around at fixed rates and believe that a 5 year fix will be the best. However, looking at the current news an increase in…
