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e.surv, RICS and the building society
Have any of you had a valuation survey for a mortgage done by e.surv which requested further reports? Original valuation was purchase price but with possible retention (thanks to the people on this forum I understand what that really means now, and that's ok; I just need to get the loan funds in place ASAP). I have had a…
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Advice on best way to sell and buy - re new mortgage etc
Hope that someone can assist. Presently have a £90500.00 mortgage fixed for next 12 yrs at 5.28% Early redemption costs £5400 House worth £18000.00 looking to sell present house and move to property worth £250000 If sell present house will have £90000 to put against new property remaining balance will be £160000 Could cash…
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Early redemption fee, fixed rate Halifax
Hi, Perhaps someone can help, although I think I know the answer... I have a 2 year fixed rate mortgage with the Halifax. Is it possible to pay the early redemption fee thus allowing me to switch to their variable rate without remortgaging? Regards Jamie
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to change or not to change?
I currently have a 10 year fixed, interest only mortgage taken out in early 2008 at 5.24% with 188k balance and am paying £1200 a month. I have nothing set up to repay the capital at the end and am potentially facing redundancy. The Woolwich lifetime tracker at 2.99% looks very attractive as on the mortgage calculators it…
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Changing mortgage due date with Halifax
I want to get in touch with my lender the Halifax to see if it is possible to change the due date on my mortgage or not. Before doing so, I've trawled their website looking for some relevant information, but found nothing, so I wondered whether anybody has tried to do similar with this bank and been successful or not.…
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Do I need BTL?
Morning everybody. Quick question, sorry if this has been covered before. Live in a property, mortgage was paid off some years ago. If I want to buy a second property for my mum to live in, (she has anti-social neighbours) and charge her a nominal rent, would this be a BTL mortgage, or can I source a "normal" mortgage…
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Mortgage with Working Tax Credit?
Hi All, My friend owns a flat outright. She wants to move to a small house. In order to do this she would need a small mortgage of £20,000 - £30,000. She has 2 children and claiming working tax credit. She works 16 hours per week. Qu: Are there any lenders out there that will accept WTC as part of an income when applying…
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Shared ownership mortgage
Hi there, Im about to buy a shared ownership new build flat 100% value is 90,000 i could buy 50% share for 45,000 or 40% share for £36,000 Im not very good with this whole mortgage thing and just wondering if someone could help me.. Where is the best place to get a good interest rate at the moment? and would it be better…
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First mortage payment
Hi everyone just looking for abit of help. Bought a shared ownership property , moved in 5th august got my statement through the day after saying they are taking out 291.01 on the 17th august and then normal payments of 389.59 on 1st september and so on , is this correct can someone explain this to me ? Thanks
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Chance of getting a mortgage
Hi, I'd like to get some advice on what my chances are of getting a mortgage given my circumstances. Currently own an apartment which I owe approx 160k on. I bought it in 2007 for 190k, last time I checked with the bank, they valued it at 160k, this was about 6 months ago. Recently, my father passed away, leaving my mum on…
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Help! I'm afraid our mortgage will be rejected!
My husband applied for a mortgage with woolwich via l&c. He passed the first credit check and now are asking for some documents. One of them is prove that we pay rent with one of his accounts, but actually we pay rent with an account in my maiden name, do you think this might be a problem? Our mortgage isn't a joint one…
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First remortgage - advice appreciated please
Hi, I would be grateful for any advice that you can offer me. Background information: My current (and first ever) mortgage deal expires on the 31/08/11. It is a 2 year fixed repayment deal. My LTV is 56% and my outstanding mortgage balance is £67,000. I'm in full time employment (earning £1300 each month) and my boyfriend…
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Mortgage with a default (nearly 6 years old)
Hi Hoping to get some advice.....my husband and I are keen to buy a house having managed to pay off our debts and save a bit of money towards a deposit. The problem is that I have a settled default on my credit file that is due to drop off in may next year. I appreciate that defaults have a serious negative impact on ones…
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Whats the best 10% Deposit Fixed MTG out there at the min?
House Value - £100k Deposit - £10k Term: 35 Yr/40 yr Best I've found is YBS 4.39% Minimum for 2 years ........but the fees are approx £1k on most of them, which is the drawback. Rather have little or no fees, unless its cheaper to have the fee in the long run. Cheers,
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Self employed lenders
Hello all, I will be looking for a mortgage when I have two tax returns (one Jan - April only and one full year). My current lender has said they will consider this as enough for a mortgage as I am in the same field of work as my previous employed job. I have not set up a business, just working as a sole trader so I have…
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Negative Equity Help
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Shared ownership
My mother in law has 50k to invest. Is it possible that we buy a property for 110k together and she gets the first 50k from any sale in future or that she owns a certain percentage. Although she has 50k she has rubbish credit rating so I don't want a joint mortgage with her. I just want her to own half the house and me own…
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HELP! Need advise about getting my ex off my mortgage.
Here is the situation, My ex moved out 2.5 yrs ago, I have been paying the mortgage on my own and I now want to get his name taken off the mortgage. I am worried that I will be refused, it makes me feel ill. I have never been in arrears and they (the lender) can see how I have been paying alone if they access my account. I…
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mortgage rejected
hi, i applied for a mortgage with natwest and they said they would be able to lend me as much as i needed and got this in writing from them. so i then put an offer in on the house and it got accepted. iv just paid the solicitor £250 to carry out the searches while i was waiting for the mortgage to be confirmed. iv just…
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FTB mortgage approved - now concerned over bank statments
Hi I'm a first time buyer, buying with my partner. Between us we have £63k to put down as a deposit. £21k of that is mine. We have just heard from my broker that Santander has 'approved' our mortgage. My main concern is that they now want to see 3 months worth of bank statements. Up until 2 months ago I was scraping the…
