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Can Banks offer mortgage other than the advertised rate?
I have dropped of my fixed rate mortgage with the Halifax, and am currently paying approx £450 in the standard variable rate. I've seen a very good mortgage deal with first direct, which if fixed for 5 years (approx £430/month) is less than what I pay on the halifax standard variable rate, and has no fees attached (so only…
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how much commission is normal?
hi there, Have just seen an IFA and agreed on a mortgage with Abbey (santander). Looking at the keyfacts they get paid £900 from the lender. This seems a lot! we're borrowing 260k putting down 111k and going for a 3 year fixed. Its making me question whether I'm being recommended the mortgage that pays them most!?!?! -H
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Transferring (Porting) a Woolwich Mortgage
Hi All, Has anyone got an old Woolwich Offset Mortgage with a Reserve Account and tried to transfer this to a new house? If so could you tell me how this went and if Barclays tried to make you pay back the Reserve Account or take out a more expensive loan to pay it off? Many Thanks little_princess
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Sad - refused mortgage
Hi, I called my bank today to see if I could transfer my mortgage to buy a new house, I need to increase the mortgage by £44k to afford the house we need - we currently live in a tiny 3 bed semi - when I say tiny the whole downstairs area of the house is 16 foot by 26 foot there are 5 of us me, partner as 3 kids age 11, 5…
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New Build LTV
I know this has been asked a thousand times, and I have searched the forum but can't find any old posts on it: Which banks and building societies are doing 90% ltv for new build houses, first time buyers? I thought halifax did, but i have just been on their website and it says you need 20% deposit?
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Returning to work - can't afford mortgage
I have been receiving interest payments from the DS for my mortgage for several years and have just started a job. I rang my mortgage lender (NatWest) asking if I would be able to continue with an interest only mortgage as I have a very low wage and am unable to pay the full amount. They have informed me that as I have…
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Nram help!!
hi all this is my first post. we have a northern rock together product from 2006. We have never missed or been late with a payment we have 67000 intersest only mortgage and 15000 unsecured. We need to sell up and move (we bought the house a single couple and now have 2 children) We have had an offer of 70000 for the house…
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Decision in Principle?
Me and my partner are applying for a mortgage and our next thing is to go through the decision in principle. I am slightly worried about the credit check as I don't really have a credit rating - I have no bad credit at all. I am on the electoral register, I pay my car insurance off every month and just recently got a phone…
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transfer of equity
My partner owns a house with his ex. She moved out of the property years ago and has not contributed since, nor did she contribute to the initial deposit when the property was bought - and a little while after leaving requested that my partner have the house transferred into his sole name. After years of time wasting,…
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Mortgages For Self-Employed?
Are there any Mortgage Companies leading to self-employed people, I have been self-employed since 01 Jun 2011 (on a 3 year contract, renewable annually) but most companies are asking for 2 years 'books'? I am looking to obtain £200k and have a sizable deposit (15-20%), I have also been contacted by a broker but they want…
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First Buy/ Joint Mortgage
Hi, My boyfriend and I are looking at buying a flat or house together. We saw a house we liked for £140k but I have been turned down for a mortgage as I am only 20 and have a few late payments in my credit history =( The broker we have been talking to suggested we take out a mortgage in my boyfriends name, which would mean…
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First Time Buyer Morgage Declined
Hi all, I am desperate right now, we had Agreements in principle from Natwest but then our application got denied for 'adverse items on the credit report'. We just got a free credit report and we are both showing as having no county court judgements etc and we have both have a score of excellent! Do we go and try with…
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Buy to Let Mortgage
Hi There I am thinking of buying cheap house on a buy to let process on say £110 k house , is min deposit 25K and does anuyone know the best bank or build society to approach? Thanks in advance
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getting on BTL ladder now self cert is not available?
How is it done?, CAN it be done? Thoughts? Seen a property where the rent way more than covers the mortgage repayments, but the only way i would have been able to get a mortgage is self cert which now isnt available. I have an income but am not employed. (pension etc)
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Selling my endowment
The endowment is worth about £22000 and I've decided to cash it in or sell it, use the cash to pay off some of my mortgage and switch to a repayment method. My question is, how do I find a company to buy it, or at least get a valuation? I've found lots on the Internet but does anyone have any experience with them? Thank…
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Mortgage provider changing terms - my rights?
Dear all. I was wondering whether anyone has some experience in the area of mortgage providers changing the terms of my mortgage agreement. Essentially, given that I don't want this change to happen, I want to know whether I have any rights to refuse the change. Essentially, my mortgage is a tracker mortgage. If the BoE…
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Requesting interest only payments...
Due to my current financial obligations, I am wondering if it would be possible to request my bank to allow me to change my current mortgage payments from repayment to interest-only. Has anyone had any experience with a similar process and is there any sources I can get any further information such as sample letters, etc?…
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Remortgage impossible or possible?
Hiya - I've just got involved on MSE have used the site to transform my financial position over the last 3 years. Currently working on reducing final bit of credit card debt before concentrating on the large mortgage and perhaps a mortgage free journey! So I'm wondering if anyone can give me some pointers for a possible…
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Useful Info for Some Santander Mortgage Customers
Any Santander customer who has 2 mortgage accounts with Santander may find this info useful. I have 2 mortgage accounts with them, for mortgages on the same property. I have 2 accounts because when I moved house 5 years ago I needed to borrow more. I ended up with 1 account that was on a tracker rate of .75 above the base…
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Deposit question for first time buyer
Hi, I'm new to this so be gentle. I currently live in a rented property with my partner. We have lived here for 2 and half years and are happy with the property and our intention was to stay here whilst we save for our deposit which would take a further 2 to 3 years.My landlord is sound and I get the impression he is not…
