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Can't Sell So BTL?
I'm trying to sell up to buy with my partner but it's not easy in these times so considering renting out. My current lender (at 0.39%) above base rate will not allow me to do this though. Is it worth sourcing a new mortgage to allow this to happen or do I stick it out on the market - it's been on for 3 months with 1 offer…
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Moving house
Hi All I am moving house on the 27th and have had numerous problemns with N and P building society. I moved the mortgage to Santander along with all my acounts and they said thewy would transfer all the direct debits etc accros so it was hassle free for me. This didnt work and N and P charged many charges onto my account,…
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Taking ownership of a house
Hello all. Im a newbie to the forum My mums currently in financial difficulty and i had heard that there is a loop hole where as i can buy her property for £1? I have searched this and cant find anything of this sort and wondered if any one knows if this is true and if so where would i find this information or who could i…
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Most amazing mortgage deal ever? (Tracker)
So I have been with the coventry for about 7 years now. When I took out the mortgage it was 0.4% above bank of england base, which at the time was the best deal on the market - for a tracker. There were no fees to speak of and the mortgage was portable with the ability to over pay or underpay etc. Over the past few years…
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Nationwide ftb very obstructive lender
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Dates of Direct Debits/Standing Order Affecting Mortgage Payments
Hi Like many Halifax customers, I received my letter from Halifax on last week regarding changes to standard variable rate. I am on Halifax Fixed Rate Mortgage so was not expecting any changes to my payments. However they when they reviewed my mortgage, they recalculated my mortgage and now I have to pay more than I have…
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Mortgage Application - Full Declaration of Income?
Hi, I am a company director but also draw approx £30k PAYE wage from the company, enough for my mortgage application purposes. When making the application will declaring the £30k salary and providing my payslips be ok or would I additionally have to declare my shareholding and dividends? My concern is that as an employee I…
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Stuck In A Rut - Interest Only / Secured Loan!
Ok not sure where to start will try and post what i can please ask any other questions or for other information i have left out as not to great at things like this. My husband and myself have been in a plan with Payplan for the last 18 months which is hardly moving the amount we owe, i am a housewife stay at home mum to…
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2nd Mortgage advice
HI All! As things currently sit: We own a house which is currently in neg equity, but should be 100% LTV by June. The plan is currently to refurbish an existing dwelling on a family site and a quotation of £35-40k has been obtained from a builder to complete the works. This leaves us with a number of facts Our Current…
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Does an authorised overdraft affect a mortgage application ?
DD and her BF have a mortgage in principal from the Nationwide, survey is being carried out this week and full application for mortgage sent in Friday. DD is now worrying that her authorised overdraft will affect this decision. Does anyone know thanks?
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First Direct mortgages???
Hi We're about to go through the remortgaging process with a 50% LTV. How do you rate First Direct as a mortgage provider and what is there customer service like? Can you overpay without fees etc? Thanks for your help.:D
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buying ex-council flat
Hi - FTB. Hope to put an offer in for a flat but its ex-council and I'm worried that I might not be able to obtain a mortgage on it. Its a split level 1 bed flat -building 4 storeys. Doesnt look like a concrete block but I guess that doesnt mean it isnt. You get into the front door though a corridor that you cant access…
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Approved in principle - however no credit check
I have just been told I have been approved in principle for a 375k mortgage on a 500k property, yet this is without any credit check. Surely one of the main points of AIP is the credit check? I have been in contact with the broker to ask the same question but thought I would raise the issue here too check his response.
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interest only mortgage - current lender won't give me a new deal and can't remortgage
Hi I will give you the full picture of the service I have received from my current mortgage provider (Santander) from when I first took out the mortgage over 4 years ago. My partner and I applied for a mortgage of £156,000 in October 2005. Santander approved our application within just a few minutes and only asked a couple…
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LTV - Valuation or price payed?
I called Halifax to ask what figure was used when calculating LTV, they said that it was the price that we pay or the valuation, whichever was less? We are in Scotland and at present many properties are selling under their Home Report Valuation. Is this correct, as it seems that the banks win here again? If a buyer manages…
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Fixed term contract - affect mortgage decision in principle?
Hi all, We went to see a mortgage advisor at the weekend who has agreed a decision in principle based on our earnings and how much we want to borrow. In amongst the things I meant to ask her is that although my partner has a permanent contract at work, I work in academic research and so by the nature of the type of work I…
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MSE News: Is the interest-only mortgage dead?
This is the discussion thread for the following MSE News Story: "Interest-only mortgages are so hard to come by, leading broker David Hollingworth to question if the market's dead" Read the full story: Is the interest-only mortgage dead?
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Credit Score, Declined
Hi allIm at a current loss having been scored by a bank for a FTB mortgage the result came back as declined. Il add at this stage that it was a 95% mortgage so I know they will be very tough on you. However... my score on Experian and the missus is above 970 in the excellent category. I have viewed our reports many times…
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Mortgage advice
Hi. So after having an offer accepted on a house I applied for Chelsea BS, 5 year fix at 3.49%, 1495 arrangement fee (300 odd upfront). I have a 48% LTV ratio and a great credit score. My AIP came immediately then after a week and a half of 'awaiting processing' they have called me today to say that they cant lend in this…
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Mortgage Protection
I applied for Mortgage Protection with i-protect recently but was rejected probably because the company I work for are about to be taken over (which was the main reason I wanted it). I'm guessing they run a check of the company you work for before giving you a decision? Does anyone have experience of getting mortgage…
