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Interest charged on mortgage
Hi guys, I took out a mortgage with Nationwide a couple of months ago and am a bit confused with how they've calculated the interest on it so far. The amount was for £161,075 + £400 product fee added fixed at 3.99% for 3 years (30 year term) with a monthly payment of £769.98. The money was released on the 27th of February…
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moving credit card debt to mortgage
Hi all Just a quick question. How easy is it to move credit card debt to a mortgage? And does this count as additional borrowing and if so how would it affect my current product which is based on a 20% ltv? Moving my debt to this would take it to less than this overall. You can see how much i currently owe on my signature…
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Help son buy a flat
We are in a position where we have no mortgage on our house and would like to help our son buy a flat. His is looking around the £135k mark, so I naively though he would need a 10% deposit, seems that it is more like a 20% deposit that is needed. Would it be better for us to remortgage our house and buy the flat outright…
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HSBC rejection has made me paranoid - advice on Woolwich application please?
Hi all I posted relatively recently on the HSBC mortgage shambles. As a frantically naive FTB I was hoping someone knowledgable might be kind enough to give me some guidance on the mortgage process? Situation is: Salary: 45k (plus about that again in commission - which they aren't considering for this application) Deposit:…
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Repossession Survey
Hi there, Has anyone managed to buy a repossession? If so, how did you know the Gas and Electric etc are all okay as they are all turned off, we asked the EA if we could have someone in to check and they said "no point, it's all turned off!" As part of the contract from the company the house is "Sold As Seen" Does that…
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Redemption Figure Difference...?
Hi all I wonder if anyone can help. I applied for a remortgage with the Woolwich inDecember for £186,500 because I wasn’t 100% sure what the redemption figurewould be. Now A&L/Santander have confirmed that it is in fact £185,550.What happens to the extra £950 that I have borrowed from the Woolwich? Does itcome to me and I…
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MSE News: When is a tracker mortgage not a tracker?
This is the discussion thread for the following MSE News Story: "Some mortgage holders who believe their tracker rate is pegged to the Bank of England base rate could be in for a nasty shock" Read the full story: When is a tracker mortgage not a tracker?
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Divorce and Mortgage Payments
Hi I am looking for some advice. I have left the matrimonial home and am separated from my wife and child. I have moved into a flat and am paying rent. My wife refuses to sell the house. How am I expected to pay both rent and mortgage? What should I do in the short-term?
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Mortgage Lender want proof of full deposit
We have an offer accepted on a house we want to buy and we have received an AIP today. The AIP is at 90% LTV and we will have the 10% deposit within 3 weeks (we think). The mortgage lender has said that they need evidence of the full deposit BEFORE they will approve any mortgage application. We were under the impression…
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Nationwide underwriting - valuation requested ?
Hi just wondering if anyone's knows about nationwides underwriting process. We're buying a house but on a v tight deadline and its all happening quick so far. Submitted mortgage app within last few days and our ma advisor called them to make priority due to urgency. We sent in p60s, wages slips, evidence of deposit etc and…
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Mortgage with childcare - is this right ???
First time posting as i want to clarify something before applying for mortgage. Last yr my husband inherited some money which we were to use as deposit to buy a new house (approx £30k) we looked into the kind of house we wanted to buy £180k and with our income could borrow enough- However when we input childcare costs into…
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How to deal with this agent?
I went to view a 2 bed property this week. Its priced at 150k and requires a lot of work done to it. The agent turned up 20 minutes late, barely acknowledged me let alone shake hands and didn't show me around the property (so I showed myself around). After seeing the property I queried the asking price and how much below…
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Does this sound right?
We are buying our first house and our mortgage advisor picked out a mortgage product for us and we handed in all the neccessary documents etc and signed the paperwork and all was sent to the lender a week ago. Today the mortgage advisor says that that lender has advised that that particular product has been withdrawn…
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Negative equity and remortgaging
Okay, the long and short of it: We bought our property in 2008 for £200k; although it was valued at £195k - NO deposit, so a 102% mortgage. Young and naive, we didn't see that this mattered. 4 years later and we'd like to move. Problem is we're currently in around £11k negative equity, judging by neighbouring properties.…
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Please help. Need some expert advice.
We have been told by the majority of the high street banks that they will not give us a mortgage. Let me explain: My partner & I are trying to buy a third of a property . The property in question is worth £325k. There are 2 other couples involved in this – couple A – who currently own the property, are moving out but…
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remortgage deals
Currently undertaking a mortgage application with the yorkshire, 75pc LTV fixed at 3.04pc for 3 years. if it values up to what I have stated is the market value - happy days. if it doesnt value up, then we will need to look at 80pc LTV mortgages which shouldnt be a problem. the choice there appears to be: 2.99pc tracker…
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Can you get a mortgage to buy business premises?
Hi, Looking to know if its possible to get a mortgage on a place to start a business. Also what sort of rates would we be looking at? Thanks
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Transferring a mortgage
Hi guys, We have a mortgage offer ready for a repossessed property purchase due to exchange in 2 weeks. Understandably we are very upset have given notice on our rental property have a young child and had started packing! Survey done searches done solicitors instructed and arrangement, brokers fees etc paid! We have…
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RTB mortgage??
Hi all,new on here so be easy on me ;) My partner and i have the right to buy our council flat for £34000 and the value is £92000. Now the thing is are we living in a dream land thinking we can get a mortgage for £34000,my partner was bankrupt 6 years ago and is not showing on her credit reports any more and she has a bank…
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Mortgage overpayment
Hi I have recently made a one off payment on my mortgage however because the payment is less than my monthly payment they can't reduce the term. Is this standard? My payment has come off the balance but hasn't impacted the term so should I have kept the money in my savings until there was enough to impact the term? Thanks…
