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Longer term + Over pay or shorter term
good evening all. i currently have a mortgage with nationwide, which is due to come off the fixed deal in approx 4 months. now i find my self in a bit of a dilema, when i got the mortgage via a financial advisor they advised me to take out a 35yr mortgage (as im young enough to pay less but admittedly for longer) now this…
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Mortgage and redundancy
Hello I think I have made a major cook-up here. I applied for a mortgage a while ago just about when I was put under threat of redundancy. the lender didn't ask when I applied and I didn't tell them. I took VR and have a contract job starting a couple of days after my finish date. I exchanged today with a completion date…
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Fixed Rate ending
Our 5 year fixed rate (6.49) is ending soon, and when looking at our 'product description' it says that after this date it is followed by a variable rate which is 0.750% above the Bank of England base rate for the rest of the term. With the rate so low at the moment, this would obviously make a big difference to us, but…
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Nationwide Standoff
I'm at an impasse with the Nationwide and my mortgage app and wondered if anyone had been though / advised on something similar. I'm an IT Contractor working through an Umbrella Company for payroll and insurance purposes and have been in my current Agency managed assignment for 18 months. Our mortgage app according to our…
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Remortgage - 7 years with fees or 5 years no fee
Hi, Be interested to hear what you think the best option of these are for a remortgage (20 year term): 1. Co-op: 5 year fixed 3.59%, no fees (valuation, product, legal). Current SVR is 4.24% 2. Chelsea BS: 7 year fixed 3.64% (would be 6 years, 9 months by the time we took it out), ~£700 fees after cashback and putting the…
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Mortgage advice
Hi, We are first time buyers, we are going made an application for a Halifax mortgage. My partner is the one who the mortgage is tied to, My partner earns £25,000 but gets £30,050 a year due to benefits and pension fund since the pension at work is not very good etc this shows in the wage slip. Halifax asked for a…
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Mortgage advice
Hi All, A quick question, my brother purchased a property around 9 months ago and i went on the mortgage as a second person. We were told we could borrow around 190k but only took out around 110k with a deposit of around 25k.. Now this is his property and my name is there just to bolster his borrowing (i don't actually…
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Mortgage advice needed; help!!
Hi, I really need help/reassurance on a mortgage matter. Me and my partner are about to buy our first house and have had an offered accepted. Now it's come to arranging a mortgage i'm concerned that a default on my credit file around 7 months ago will screw everything up. I moved address but forgot to change it with the…
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re-mortgage concern
hiya. brand new on here. my current mortgage deal expires at the end of july 2013 & i'm concerned that when the time comes for a new mortgage deal that the house will be worth less that what i owe. i'm not in a position just now to overpay due to other debts,which are slowly coming down! what will happen at the end of july…
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Low valuation!!! Advice needed
I am currently in the process of buying a new build 2 bed apartment with Taylor Wimpey. I have an offer in principle for Halifax and about to proceed with formal application. However IFA got back to me and said that Halifaz have under valued property - she didn't say by how much ( sorry forgot to ask ). Anyway she said…
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Nationwide - Save to Buy - Users Review
Hi everyone.Im a first-time buyer and me and my partner have taken out the Nationwide Save to Buy account, we will be in a position to apply for the 95% mortgage in April.Im just wondering if anyone on here has also used the Buy to Save account and subsequently taken out the 95% mortgage? or been denied the mortgage?How…
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Advice - Young Low Income Not much Credit
Hello thanks for reading! Will give you entire back story (Short version!) My partner and I brought a house in October 2010. We got a mortgage with accord mortgages, mainly on his income and credit as I am only 23, and never had a credit card or store cards, even a pay monthly phone. My Partner and I split in June 2011,…
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Whats the best way to try for a remortgage?
Hi, I want to raise a bit of cash to pay off credit cards which are only getting minimum payments and for a new boiler I can't afford. My house is worth approx. £90,000 and our outstanding mortgage is about £33,500. It has 12 years left. I have applied for both our credit reports, we don't have bad credit as such, we did a…
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FTB 5% deposit on a 25 yr old house
Hello, This one is not as simple as the already bleak subject sounds! The house in question is a 3 bed detached, with very good open space and is currently available as as 80% shared ownership option without a Mortgagee Protection Clause (MPC). Because of no MPC, the only lender (Nationwide) is demanding a minimum of 15%…
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Applied for a mortage, Fingers crossed
Applied for a mortage with halifax yesterday and paid the £280 valuation fee. Really hoping we get accepted. We have been offered our council flat for 46k and it was valued by the council at 80K not worried about the valuation as the council had to disregard all the work we have done in their valuation, One of the things…
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debt and mortgage advice
I am currently considering moving home. However I have a large number of debts. I do however have a large amount of equity in my home, and wondered whether the best option would be for me to sell my home, pay off debts with the proceeds then obtain a mortgage on another property (this would only be a small mortgage, I…
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Mortgage mistake - help
Hi, I'm not really sure if this is the best place to ask! I have a mortgage with Nram, i haven't been living at the address i have been living with my parents as i have a new baby. anyway, i went round to collect the mail (I hadn't collected for ages, that was my mistake) and i had a court summons from my mortgage company…
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Halifax pull mortgage offer?
Hi We had a decision in prinicipal from halifax for a mortgage for £170,000 based on us putting in £20,000 so a total property value of £190,000. We have been looking for a few weeks and found a property we liked, offerd and it has been accepted. We went to our broker and told him that the property price was £163,000 so…
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HSBC offer - too good to be true?!
Hi, I was hoping someone could check that I'm not missing something. Our 2 year fixed rate at 5.99% is ending at the end of the month and we are looking to remortgage because the property has gone up in value (to about £360-£370k) such that we are now able to get an 80% rather than 90% mortgage. My husband works for…
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FTBer, Mum wants to 'invest' with me?
Hi, I'm just wondering if anyone has some input on this situation? I'm a FTBer hoping to start looking for a house in the next few months. I have a £60k deposit and have spoken to some banks who are happy to lend me £135-140k on a good rate fixed for 5 years. I am intending to buy a 2 bedroomed flat and rent out the 2nd…
