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how long does it take for searches
Daughter is buying her first house she has had offer of mortgage how long does everything take eg solicitors searches etc Thankyou
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In limbo!
Previously posted on this topic. In may we seen a house we liked. I applied for a mortgage through a relative, got a mortgage in principal, saying we could possibly get the 75k i needed or more. Done full app for it came back they could only give me 63k based on £470 per week before tax and NI, £360 after deductions,…
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PPI - could I claim?
Hi all Possible stupid question. We have PPI on our mortgage and council tax with GI Secure. My other half has a fixed term contract that is coming to an end. Would we be able to claim when his contract ends (I remain in permanent employment)? Many thanks M
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is this a good deal?
We are been accepted for a mortgage, yay, never thought this day would come as we messed up so much financially in the past. The house is up for 140k, we are putting down 85k and the mortgage is for the rest. We have been offered a rate of 2.89%, does that sound OK?
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1st time buyer Buy-to-let mortgage
Quite simply, is there such a thing? Due to a lot of moving about until I can move back to hometown I'd like to start paying down a mortgage asap. I dream of a 90% BTL...any views?
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Completion delayed ... can i change mortgages?
We were scheduled for a completion date yesterday, but the sellers have asked for a months delay, which may not be a bad thing altogether, as we have since discovered new mortgage rates with different banks, are remarkably cheaper than the one we've been accepted for. What's the protocol for changing your mortgage offer?…
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Additional borrowing on Lifetime mortgage
My Dad has a lifetime interest only mortgage (he's in his 80's) and wants to be able to borrow a little bit extra. Is it possible to apply for additional borrowing on this type of mortgage, presuming there is sufficient equity in the property? If it is possible, do they require a new valuation etc, as if you were…
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Advice please!!! Problems with mortgage companies...
I recently bought a repossessed property with money borrowed from my dad to enable a 100% cash purchase on the previso from him that I then get a mortgage to pay him back. I have gone for mortgage advice but have been told that I potentially might not be able to get a mortgage as it would be seen as debt consolidation due…
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Buy-to-let Mortgages
I am struggling to find a comparison website for buy-to-let mortgages. Are there none? :o I like to use the Tesco Compare site for residential but when I put in a buy-to-let scenario I have to have someone phone me. Same with other sites I visit - put in your details someone will call you. I would like to do my own…
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When could I get a mortgage (self employed)
Hi Im currently self employed. I have just filed my tax return in for the first year with a profit of £23k. My partner is a teacher earning £26k. Will any mortgage companies look at us as a couple with my 1 years earnings? or will i have to wait two trading years to prove the income? In addition, we will have £20k deposit…
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best equity release company
my mother in law is 62, father in law is 67 thier house is worth 90k what is the best company and method of releasing equity is there anyway they could be forced to move out, eg if the company went bust for instance. thankyou
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Can someone please have a look at this?
In July 2007 I took out a 30 year Capital Repayment Mortgage with Nationwide. I borrowed £75,000 and the interest was/is 5.48%. It is a five year fixed rate which comes to an end July 2012. I took this out with an estate agent who has an advisor. The house that I bought was not on their books. I am repaying £427.73 every…
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Interest Only Mortgage Payment Advice
Hi, Me and my partner went onto interest only payments on our mortgage with NR (now NRAM) two years ago (Aug 2009) as I went down to a reduced wage, and she was working p/t as our little one was still in nursery. We bought the house in Aug 2005, so we have paid 4 years on repayment before switching. I received a letter…
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Solicitor and Conflict of interest?
I am in the process of buying a house and have now nearly decided on the solicitor to go with. The estate agent has asked me to provide them with Solicitors information for sending the offer acceptance letter but also mentioned that the seller wanted to know if the solicitor is local. I am concerned that if the seller also…
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Santander/Abbey Mortgage
Hi There Just wondering if anyone could advise. Basically my partner is in the process of buying a shared ownership property ( we know all the pros and cons of shared ownership as we are moving from one shared ownership to another). The share in which he is purchasing is £57000, and we have a 10% deposit. We had an AIP…
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Is proof of Deposit always asked for?
Hello Am currently going through mortgage application, valuation back early last week and fine, however it is taking ages and broker never gets back to me etc... However i'm not jumping and shouting just yet as was told it'll take about 2 weeks. However I'm wondering as they haven't yet asked for proof of deposit (20%). Do…
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Own home but need mortgage for second home
Hello all, Hope somone can advise, as i'm getting really confused about this. My boyfriend owns his home outright, it's worth about £120,000. He's never had a mortgage. I rent from a housing association. We would like to buy a home together 300 miles away for about £160,000. I would move there permanently (i'm self…
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Mortgage overpayment
Hi everyone We recently started a new mortgage (25 years but 10 year fix @ 4.99% on £99k) which allows overpayments of 10% of balance each year. Our monthly payment is approx £570. When we applied we asked for clarification that overpayments could reduce our term rather than our monthly fee and were told that this would…
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Nationwide down-valued, where next?
Tying to buy a shared ownership property and Nationwide have down-valued it, as they are basing the valuation on the resale price, and not the new price, as it's a new build. I can't find the extra money, so need to either pull out or find a new mortgage offer. Any suggestions as to places that tend to value at the market…
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MSE News: Rise in 90% mortgages
This is the discussion thread for the following MSE News Story: "The number of home loans for those with a limited deposit has risen to its highest level in over two and a half years ..." Read the full story: Rise in 90% mortgages
