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HELP - Mortgage Issue
Hello everybody Frequent reader but never posted before but I have a problem and hope that somebody can help: Found a house we love, Met mortgage broker who got us a mortgage in principle with Halifax, Offer accepted at £122,000 (sale going through at £128,500 thus giving us a 5% vendor gift deposit, we have the other…
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Remortgage application and previous arrangements to pay
I have 5 credit cards, of which 3 were on a arrangement to pay. Now have paid one off, the other 2 back in line making the correct payments and no longer on an arrangement. The other 2 show as a default on my credit report but have not missed payments and have upped them every 6 months. currently live in a property valued…
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should I be worried?
Hi all. Long story, short version. We accepted an offer on our house in April from an investor. We had our offer accepted on a house we love in May. This is roughly how I see it, so bear with me!! . Our investor is part financing our house with another house he bought outright with cash & is renting it out. He has just…
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first time buyer
hi, im about to make the big step and buy my first house! any advice would be greatly appreciate as im abit clueless
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Avoidable ERC?
Hi I know there is a thread on ERCs but wondered if anyone has had any success in reducing theirs? We are moving to Australia and the near £6000 ERC :eek: we have to pay to break our mortgage is not helping my spreadsheets of income/expenses! I understand we chose to lock in to this mortgage but it would be nice to avoid…
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GE-Money
Any experiences of GE Money for a mortgage. We have been knocked back with other lenders due to our credit score and our financial adviser is recommending them. Not much information on there site
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Are offset mortgages covered by Financial Services Compensation Scheme?
Hi all. Suppose I have a £200k offset mortgage and £120k in the offset account. If the lender defaults do I get all of my £120k back or just the protected £85k? Any other nuances one should take into account when taking out an offset mortgage? What's the typical notice if one wishes to withdraw a substantial amount from…
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How big a mortgage can I get?
Hello I'm very new to the whole house buying malarkey. I will shortly be getting married and my new wife and I will hopefully be selling her house and purchasing a new bigger one so we have plenty of room to fill! Her house is likely to fetch approx £130k, and has no mortgage on it, which obviously puts us in a fairly…
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Aviva Endowment Promise - should I cash-in now??
Hi guys, In 1991 I took out a 25-year with-profits endowment of £77.40 per month which was due to mature in 2016 with a target payout of £60,000. I have had letters from Aviva telling me there is a risk of a big shortfall against the original target amount. They project that in 5 years time the final payout is estimated at…
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Negative Equity Query
Hi All, My last post may have had a case of information overload! So I've narrowed it down to a simple question. We're currently in negative equity on our flat. Given that we can cover the 8-9K we're likely to be down with savings - will the negative equity cause any problems selling the flat? We're thinking of cutting our…
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daugher thinking of applying for a mortgage
My daughter is thinking of buying her first property she has a graduate bank account with a overdraft of £2000 which she has used, would this go against her when applying for a mortgage as i woulnt like her to waste her time applying for nothing.Also is itsually3.5 x your income when calculating what they would lend you.…
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Porting a bad rate
Hi I have been a Halifax customer with various mortgage products with them for over 4 years now. Last time we remortgaged in 2009 we were told we had a 110% LTV (without them even coming to value our property) and were offered a high fixed rate product. At the time we thought we were lucky to get any fixed rate (although…
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Deed of Consent - Rights of my wife
Good day, I made a single application for a mortgage with Woolwich and they sent a Deed of Consent to be signed by my wife whereby she waives any rights she might have on the property. I set up a life insurance covering the amount of the mortgage and a Will leaving all my belongings to her in case I die (including the flat…
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Always had a fixed rate, should I change now?
My current mortgage deal finishes in August. I've been paying 6.55% for the last 3 years and when this deal ends it will revert to Halifax's SVR rate of 3.5%. Now the more I'm thinking about it, I'm wondering if going onto a 2 year tracker would be a good idea as this will be less than the SVR rate. Halifax offers a…
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Standard Life Low cost Endowment
Someone was wondering what they could expect from a Standard Life Endowment. Not very much:eek: 19 year endowment £70 odd a month total paid in just over £16700 paid out £18800 odd. Supposed to be £26,000. A return of 1.2645% At least I am now mortgage free:j using savings to make up the shortfall.
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Fixed rate ending, what to do?
Hi All, I've looked for an answer to this but no one appears to be in the same situation as us so I'm hoping I can tap your knowledge. I'm a bit nervous about writing this as I know I have done some silly things here but I am hoping someone could give me some practical advice or at least tell my where I should go for some…
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Help needed! Anyone work for Halifax legal team?
We are due to exchange contracts on Friday but the Halifax have referred our mortgage offer to their legal department. Our solicitor had a duty to disclose that our deposit has been gifted from my father-in-law, who is in a nursing home and receives Continuous Health Care Funding from the NHS due to his primary health…
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yet another buy to let mortgage needed!
A few months ago i asked for any recommendations for a decent buy to let mortgage and someone offered up the İpswich Bs.-i liked the look of the İpswich but an IFA in the uk said they only deal through local agents to ipswich and might not lend in my part of the country. İ am not in the uk until the weekend which is why i…
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Buying a house with help from my Parents??
Hello I am 24 years old and desperate to get on the property ladder, my parents have offered to help but I'm after some advise/experiances to know if I'm doing the right thing. Here's the situation: I'm 24 years old with a gross salary of £19,000. Take home pay is around £1250 a month. I pay £240 HP on my car, £35 on my…
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Advice on a fast mortgage approval
Looking at buying a property at Auction, I will have 5 days between viewing the property and the auction. Then a further 21 days to complete. The auction deposit is no problem (unless I lose it!). It's residential, we intend living there. We have no debts and £70k joint income so under normal circumstances I'd walk any…
