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Northern Rock Mortgages - Processing Times
To cut a long story short, I have been advised by my broker to pursue an mortgage application with Northern Rock. Can anyone advise of their recent experiences with Northern Rock, in particular processing times? How long from submission of forms to credit history check, underwriter approval etc? I know times can differ but…
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How to release equity at renewal?
Hi.. I currently have a First Direct Offset mortgage that is due to renew in the next few months.. Currently have a mortgage limit of £100K on a property worth circa £350K. Our personal circumstances have recently changed and my wife is considering starting her own business for which she needs some capital for start up…
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VoV Credit Agencies + mortgages Confused!
So mortgage application round 2.... year 2 FTB, £45k income, £8k deposit +5% vendor on £125k Mortgage lender says no - Total Debt £12k - £280/month Credit check, experian DH score: 976 My score:877 Just checked with call credit as thats what HBOS seems to be using DH scores 2 stars and 500 and my score 3 stars and 540. I…
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joint buy to let
been approved for a buy to let re-mortgage, one applicant had to earn min £25k which my partner does. i earn on average £450 per month which gets paid into my bank, no tax or ni so payslip is literally a headed paper with name, ni date and amount on. i also receive £520 rent on the property, propery at mo is in my sole…
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Name on Mortgage
Hi I was living with my parents when they purchased their council house and I was on the electoral register at that time. Through no fault of my parents I was named on the mortgage, why, no-one knows because my parent had more than adequate salaries and I was a student with a part-time job. I wish to have my name removed…
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Porting Natwest Mortgage to Northern Ireland
Has anyone ever successfully ported a Natwest mortgage from England to Northern Ireland? Natwest is part of the RBS group and the equivalent in Northern Ireland is the Ulster Bank. I am 2 yrs into a 3 yr fixed mortgage and if I end it now I will have to pay £5k in early redemption charges. I have a sale going through on my…
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HSBC Interest Only
I am interested in the HSBC 5Yr fixed rate interest only mortgage, but cannot see anything to say whether it is offset or not. Any ideas? :)
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pulling out a purchase
We made an offer on a flat that was advertised as having a 97 year lease, the vendor then told us it was 95. When solicitors checked the paperwork, the lease was actually 79 years. The vandors say they didn't realise, and they will not under any circumstances extend the lease for us. We do not have the money to extend a…
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Mortgate Exit / Redemption Fee
Santander charge £225 if we switch to another lender........guess most of them charge around that now. Still a lot just for closing it off. Actually it is not called an exit fee anymore, but a "Mortgage Account Fee" (cost of administering the mortgage). Like a deferred arrangement fee I guess. You would think the initial…
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Mortgage terms
Hi Sorry one more question, this mortgage process is a minefield We have been accepted for another re-mortgage at even better rate than with C&G, but the terms are that I have to pay off a loan that I have with my ex husband. We have been split up for 2 years and have a loan on tracker rate so are paying hardly any…
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Does this make money saving sense?
Hello, can anyone tell me if this makes sense, it does in my head. Fixed rate on an interest only mortgage has just come to an end, interest rate was 6.??% is now 1.840% above Bank of England base rate. No endowment or savings in place as around £13,500 on credit cards with interest rates ranging from 18.12% to 30.354%.…
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MSE News: Guest Comment: Why is it difficult to get a mortgage?
This is the discussion thread for the following MSE News Story: "Melanie Bien, of independent mortgage broker Private Finance, explains why she thinks it's tricky to get a mortgage" Read the full story: Guest Comment: Why is it difficult to get a mortgage?
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mortgage application
Hi guys, Just a couple of queries before I apply for a mortgage. I have a salary of £40k. The mortgage I wish to apply for is £90k and it is 80% LTV. Last month I went over the credit limit of my credit card by £40. I realised this a week later and reduced the amount immediately. Since then I have also paid off over 50% of…
