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Offset Mortgage
I have an offset mortgage ie. my savings interest is offset against my loan. I realise that for savings I am protected for 85k of my money. However I have more than this in the savings but it offsets the mortgage. therefore if the bank went under would i lose the savings but still have the mortgage debt? as you can see…
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Tenancy Consent-HSBC
I am living and working overseas permenantly with a property in the UK which I rent out. My current lenders HSBC no longer offer a buy-to-let mortgage and so gave me 1 year's "Tenancy Consent". However, after making a few enquiries it's going to be impossible for me at the moment to get a btl mortgage that doesn't far…
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Halifax Axe Vendor Gifted Deposits From Monday25 July
Halifax are to axe vendor gifted depoists from PRIVATE sellers from this coming Monday (apps in by close of bus on Monday will still qualify). Following this date only professionally gifted deposits i.e builder deposit @ 5%, and connected family member member deposits will be accepted. Sure the mge guys have already had…
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If Overpaying does bank recalculate monthly amount?
Planning to overpay from this month. I am on a svr mortgage of 4.00% on a mortgage of £166,000. When I make an overpayment does the bank recalculate my monthly mortgage amount each time? Thanks
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How does the remortgage valuation work?
Hi all, Sorry another seemingly dumb question but never done this before. When you remortgage how does the valuation work? Do they send someone round your house and if so who? Cheers.
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Offset Mortgage - Pay into Mortgage Account or Savings Account?
We're getting close to our current mortgage deal ending and because of a slight change in our financial situation (wife finishes Maternity Leave), we want to focus on clearing our mortgage. We like the look of First Directs current deals and I've got a fairly good idea of how Offset Mortgages work but have one question…
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Turkish mortgages
Hi all, I was wondering if anyone could give me some advice on Turkish mortgages. As you probably know, mortgages are still fairly new in Turkey and from what I have searched for so far it seems the max LTV is 80%. Does anyone know of any other mortgage companies that offer Turkish mortgages with more LTV (ie 85/90%) to UK…
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95% mortgage deals
Hi all, Is there any companies out there that provide 95% mortgages to non-existing customers and non-first time buyers. I saw on a website that C&G do an up to 120% mortgage to existing customers, which I am, rang them up and the guy didnt seem to know anything about it and would get someone to call me back. He did seem…
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Me: low credit score / Husband: excellent ?????
Hello We are trying to move in order to reduce our mortgage to help me pay off £11,000 of various debits and generally make life easier. We are currently with Halifax. Our house is worth about £350,000 with current mortgage of £200,000, but hoping to buy for circa £280,000. My husband has an excellent credit score. BUT! I…
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Family trust - mortgage ?
Hi can only one please help, can a trust fund set up by a family actually buy a property , this wouldn`t be outright, it would need a mortgage and then place the property in the trust, can this be done?
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santandar right or wrong payment
I had a a Aand L mortgage fixed which was at a end i remortgaged with Santandar again fixing for a year . I was told i would have a "free" month as Santandar take their payment in arrears and A and L in advance. I paid A and L their last payment on the 30th of June so to me ive paid them upto the end of July. However the…
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Self employed mortgage question
Hi everyone, Just doing lots of research and trying to find a way to obtain a mortgage to buy a house next year My question is this, I bought a business with savings I had so bought the business outright. The business will make approx a £20,000 profit this year which I will have filed by a chartered accountant. Because…
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Getting a mortgage with defaults
Please can anybody help? I need a really good bad credit mortgage broker
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Current Account Mortgages
Can someone explain the charges involved with a current account mortgage? If I took out a mortgage but didn't want to spend the money immediately, IE, the money was left completely in the account possibly for a few months, what kind of charges would I be paying for the privilege of it being available? Thanks in advance,…
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Paying off a fixed rate Mortgage
Can anyone help? We are moving house Aug 1st 2011 and our present mortgage supplier (Chelsea BS) want £3500 as our fixed rate mortgage does not run out until Sept 2011. Bad planning on our part but is there anithing to do to avoid this greedy fee?? Thanks
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mortgage reprieve... what is it??
what's a mortgage reprieve?? my in-laws are on the verge of losing their home. today they've been offered a "mortgage reprieve". t, x
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Mortgage with defaults
Help help help please! I am trying to get a mortgage to buy a house off a relative. The house is valued at £245k I need a mortgage of £150k to buy it and would like an extra £10k to pay off debts which I have defaulted on. I've tried the specialist brokers but it seems very slow. My defaults where 3yeArs ago and by paying…
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Mixed mortgages on the same property?
I currently have 4 mortgages on my house. All of them are with Nationwide. Three of the products are coming to an end in September but the other one still has about 2 years to run. (I still have abot 13 years before I'm mortgage free. Is it possible to look for another lender for the 3 that are coming to an end or will I…
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Mortgage agreed in principle
Hi there My mortgage broker called yesterday to say that she had an agreement in principle with santander for 2.99% borrowing £149,950 for a £249,950 property. Both myself and my girlfriend are first time buyers and are a little bit worried that we may still be rejected. Our situation is as follows: 1/. I have a very poor…
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Mortgages and marriage
Hi all, My first post here, so be gentle with me. My partner and I are looking to buy a house together either later this year or next year. We realise it may take a while to find the right property, but we want a mortgage on paper before we started seriously looking so we know we are not overstretching ourselves and that…
