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Endowment payout - good?
25 year endowment matures next month. £13.02 per month. Payout £8000. Would have just paid the mortgage element it was intended to if it still existed. Anyway - is that a reasonable return?
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Mortgage Agreement in Principal. What can go wrong?
Hi All, We have an Agreement in Principal, and have had an offer accepted on a house. What could possibly go wrong now? Also is it possible that the interest rates quoted on the document could have changed, and there may be better rates available through the same lender, or are we tied to the rates quoted? Do we ask about…
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Joint purchase with parents
Hi, I am looking for some mortgage advice please. My wife and I are both solicitors I work full time and my wife works part time joint income circa £50k. We are looking to purchase a property with my mum and dad. The property is circa £350k and mum and dad will provide a deposit of circa £140k. Therefore a mortgage will be…
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advice for becoming a first time buyer
Hello all, i recently turned 22 and have decided that i need a plan in order to get myself a place, rather than renting which i currently do. I've never owned a place before, so i will be a first time buyer and want a few tips if possible to enable me to get a place in a few years time. Currently with my wage, I'm going to…
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new build tips
Hi all, I am thinking of buying a new build property for 130k with a 5% deposit and 15% shared equity loan from the builder. The only lender that is willing to consider lending on the property is Nationwide who down value new properties (so I am told by my mortgage adviser). The builder have said that in the event that…
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Barclays / Woolwich mortgages
I am applying for a Barclays / Woolwich mortgage nda am feeling hugely frustrated. Everytime I ring up (minimum once a day) I'm told something different - yesterday I was promised the underwriter would instruct the valuation by today; today when I rang I'm told "I'm sorry madam, we are experiencing a backlog, what we told…
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Lost house we had fallen in love with
Bit of a long story. We've sold our house. Hadn't looked at any houses before this as we werent sure how long the process would take in this Market. It actually sold very Quickly so off we went to sort our mortgage. We got our mortgage promise, credit checked etc with a print out of the certificate. All well and good so…
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Mortgage + PhD income
Just a quick question, apologies if its been asked before. I've been saving a deposit for a long time, and I hope to be in a position to buy this time next year, with a substantial deposit and a low mortgage. However, there is a possibility of me starting a PhD in 2012 and I was wondering if there are any lenders that…
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Bare Credit Report???
Hi, Since I'll be applying for a mortgage soon, I got a £2 Credit Report from Experian. However, the only information that it contained was to say that I am on the electoral roll at my current address (been there for over 4 months) and my previous one - nothing about bank accounts, etc... I don't have any loans, but I do…
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mortgage transfer of equity and the paperwork
I am in the process of removing my ex from the property and have recieved the paperwork through and there is a question about "WHEN YOU HAVE FOUND OUT WHAT PAYMENTS YOU NEED TO MAKE INTO A SAVINGS PLAN YOU MAY FIND IT HELPFUL TO ADD THESE TO YOUR MORTGAGE PAYMENTS AND PUT THE TOTAL PAYMENTS IN THE COLUMN OPPOSITE" I know…
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Home offer accepted but !!!!!
Hi, just had an offer for a house accepted but estate agent said untill I provide proof of a mortgage offer in principal and details of a solicitor then they wont put a "sold subject to contract" notice and withdraw the listing, is this normal as I thought if the offer was accepted it should at least have "offer accepted"…
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Nationwide Mortgage Application - will they accept online bank statements
Hi I am applying for a mortgage with Nationwide, does anybody know if they ask for last 3 months bank statements will they accept online copies i.e ones that I have printed from my online banking or will they require copies from my bank (HSBC) ?
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U.S regulator to sue over mortgage security
U.S. Is Set to Sue a Dozen Big Banks Over Mortgages By NELSON D. SCHWARTZ Published: September 1, 2011 The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled…
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To Sell or Rent Out?
We are going abroad (WWOOFing) for a year, from Jan 2012 so have been looking at renting out the house. We have about £52k left to pay on our mortgage and i guess the house could sell for around £100k. My partner woke this morning saying that perhaps we should sell up and bank the money instead of the hassle (and…
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Wanting to Port my mortgage....BUT
Hi Im new to this site, but really looking for advice.... I currently have a mortgage and am wanting to move, to release some equity in my house to repay debts. Before I had decided on moving, I first of all asked my lender for a further advance and was rejected due to the credit check :-( Now the option of moving has come…
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Cant get a mortgage but partner can - advice please?
hey all- im no financial guru so please bear with me!! my credit rating isnt very good from quite a few years back. because of this i am not eligable for a mortgage. my partner however is- but on his wages alone we would not be able to afford a place suitable (we have 2 children) i am the main earner - i think between us…
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HSBC New tracker rates
Hello, I am looking at remortgage deals at the minute and found that HSBC have released a new tracker mortgage deal. Its for 60% Loan to Value - It is a base rate tracker, tracking the rate at 1.99% above base rate. It has no set up fees or costs. therefore it has an interest rate of 2.49%. It is for the term of the…
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Ten year fixed rate mortgage mistake
Hi, three years ago I took out a 6.5% fixed rate for 10 years repayment mortgage. There is a £5000 penalty for opting out of this mortgage before the 10 years are up. At the time this seemed like a good idea as I remembered the days of 15% interest rates during the last conservative government and it seemed a "safe" way of…
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HSBC Remortgage Process. 2nd, 3rd meeting?
I just went in to get a remortgage at the local HSBC branch. I had all my paperwork in order: pay slips, P60s, Bank statements, Building Insurance Policy, ID, knew which product I wanted, etc. We have a low LTV and salary multiple. I expected to speak to someone, they put it into the computer, and we can get accepted…
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1st time buyer advice please?
Hi Everyone! I was hoping someone could give me some advice about my situation. I am keen to buy a house within the next 6 months for the first time, I have a deposit of £10k at the mo and hopefully will have another £10-15k within 6 months. My current situation: I have just started a new job, which sadly means taking a…
