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Bank havent offered us enough? What now?
We`ve been accepted by the bank in principle for a FTB mortgage, trouble is, its £30k less than we want. So what to do now? Is it worth applying elsewhere for more or going to see a broker? Im just wondering if its worth it really.
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FTB's, should we go it alone?
Hi, We've had a brilliant offer accepted on a flat that we love - on the provision that we can move quickly and get the survey done in 2 weeks. We have been using Countrywide Brokers but the mortgage that was arranged for us in principle we have now been told won't accept flats (only houses!) Obviously the broker should…
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Are 100% mortgages back?
Hi, A friend of mine has recently told me that she has seen a couple of companies offering 100% mortgages again. Has anyone else seen this? I'm hoping to move in the next year or two but it looks like my flat (bought when house prices were sky high) is in about £6k negative equity so it will be really hard for me to pay…
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Would members recommend temp going to interest only ?
Hi, i have mortgage with halifax and wondered if members recommend or advise going to interest only temporarily, i am having money difficulties at the moment. I have already had mortgage holidays with them and they have advised all i can now do is pay the full amount (capital and interest) or go interest only ?? My…
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95% LTV mortgages for 3rd time buyer?
Hi all, I'm looking to obtain a 95% mortgage at beginning of 2013 (about year and half away)- I will currently be applying jointly with my girlfriend. My girlfriend has not had a mortgage before but I have so hopefully one of us will still be classed as FTB in that sense. At the moment- I can only find a few 95% LTV deals…
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Quick mortgage question
Is it a requirement of a mortgage to have life insurance/assurance in place or is it optional? I think I know the answer – it’s optional (but perhaps prudent).
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Stuck on Interest Only but want to move forward?!
Hi all, Looking for some advice please, I currently own a flat with a friend, we have been there 4 years and our mortgage is with Standard Life, the problem is we started off on an interest only mortgage and intended to get off this after the 2 year discounted period however with all the recession etc it simply wasn’t…
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Is it worth getting a small loan when remortgaging?
I am sort of on the brink of being under 75% LTV depending on what the mortgage company values my Flat at. If the valuation is lower than what I need it to be to make me in the 75% zone is it worth me taking out a small loan couple of grand to put me below 75%? and is it possible if the mortgage company comes back and says…
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IFA in Teesside area?
Hi, I would like to speak to a financial adviser regarding pensions and possibly a buy to let mortgage. A Google search brings up hundreds, but I'm struggling to know how to tell an IFA with good knowledge and skills from just another commission hungry salesman (forgive my cynicism). I live in Teesside, so would like…
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Mortgage agreed but hoping for lower price
HI all, seeking some advice/options please. I have a mortgage in place for 126K (House price is 140K) Some issue with the existing extension not being upto spec and I am therefore going to get some quotes to put it right and then will re-negotiate (hopefully) - we really want the house! Trouble I see is that even if vendor…
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Overpay on Mortgage or save?
Hi, Me and my Husband have roughly £150000 remaining on our mortgage, and are hoping to move in the next year. We are likely to be slightly in negative equity as our house is now worth approx £145000 (This is according to Zoopla, we havnt actually had anyone out to value it). We are looking for our next house to be around…
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2 questions re potential mortgage
Hi, hoping I can get some help here. My husband and I are looking to buy a house. There is an age difference between us. My first question is: "Would all mortgage companies always go by the age of the oldest applicant or are there any out there that would lend on joint income but by the youngest applicant's age?" Second…
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Transfer of endowment on separation
Hi All, I am separating from my wife and we are planning to formalise a separation agreement. She will be keeping our house and I'm aware that I'll have to have my name removed from the mortgage and the deeds. The mortgage is partly capital and interest and partly interest only. The interest only part is covered by two…
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End of Fixed Rate
This is my post, so please bear with me. I thought my fixed rate was ending in a months time, but when I phoned my mortgage company up to speak to some in relation to this they have told me that my rate does not finish until March which is an extra 6 months. I asked them to explain this but I got the impression that they…
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Please help with my port mortgage problem
Hi, I agreed to sell my house and buy another house for 20 grand less than mine which is worth the same (long story) anyway I asked my mortgage company platform (ouch) about porting my mortgage..they said yeah thats fine but we need to credit check you..I said ok cool i have no debts anyway there was a default for £45 on…
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guarantor mortgages
Hi, just wanted to ask a quick question about guarantor mortgages, are they an option for when you don't have a deposit? And also when you have existing debt? Thanks in advance. H
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Negative equity and mortgage shortfall
Hi there, I've only ever posted on here a couple of times before, but had some good advice so am hoping to get some more! Not even sure this is the correct board to post on, but here goes anyway... I own a 50% share in a shared ownership flat. Have been here for 6 years (so bought at the peak of the market), and now want…
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Sorry if this is a silly question - repayments
Hello Never posted in this section before but now I've almost cleared my CC and OD I'm going to start saving for my first house.:j I know I need a good deposit, more than 10% of property price, but how do I work out how much I can afford to repay each month? I currently live at home so don't know much about bills -…
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A and L to Santander insurance
Ive recently moved our mortgage from A and L to santandar when i was with A and L i was paying approx £48 a month for payment protection insurance it was on my bank statement as AL Pins coll. Even thou i dont remember asking for it. So firstly have i been mis sold it plus now im with Santandar will i still pay it or will…
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Second credit search?
Hi, we finally managed to secure a mortgage.. We had difficulty getting one because I had a default on my credit report. We thought we'd have to go to a adverse lender but we managed to get one through a high street bank.. We got a mortgage in principle, put an offer on a house which was excepted, our mortgage app went to…
