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Advice would be appreciated
Hey folks, Im hoping to purchase my first property later this year. Earn 34k, car payment (215) and loan which I intend to pay off prior to applying. I've got 3 credit cards with 0 balance. One I use every month and clear it off, the other two I don't really use any more as they are higher interest that my main one. I have…
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HSBC Mortgage
Against most the HSBC mortgage threads on this forum I would like to say that I have just moved into my new property after applying for my HSBC mortgage at the start of March. (Mortgage completed today). I used my own solicitor (which I had to pay a small fee to HSBC to do) and they used Warners in Edinburgh to carry out…
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buildings & contents insurance when?
I'm buying my 1st house and I wondered when I need buildings and contents insurance to commence - Do I need it from exchange of contracts? OR From completion date? Thanks for reading :o )
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First Direct mortgage application proof of ID
I have applied for and been verbally offered a First Direct mortgage (woohoo!) On the phone I was given a list of ID details they would need: 3 most recent bank statements 3 most recent payslips P60 2 other forms of ID (i.e. utility bills, driving license) As I expected the application pack would spell out exactly what was…
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Clerical Medical Homeinvestor plan
Hi I signed up to a homeinvester Sapphire plan in 1996 for 25 years. Last year they offered me £12000 encashment value. I would have paid in about £9200 by now . Is it worth waiting or enjoying the money now? My mortgage isnt affected by this as I am on repayment.
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Rejection on application for shared ownership mortgage - late payments on credit file
Hello everyone, I've recently applied for a shared ownership mortgage (95% LTV of share) and I've been rejected once formally (showing as a credit search on my report) and once informally. This is due to 4 late payments - 3 in 2010 and 1 in 2009. I believe they are on there correctly. I have ongoing credit arrangements and…
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Transfer of equity and title deeds.
I would be grateful for advice please: This follows on from a previous thread. Advice from anyone 'in the know' most welcome. My wife and i are divorcing.The decree absolute canbe made in a few days time. We have agreed on the financial split and are trying to draft a 'Consent Order',although we may just do it between…
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Nationwide ftb
Hello My broker today applied for an aip with nationwide. I have no debts, looking to borrow 103k with 13k deposit. It came back as a referral, questioning my address. We sent over my poll card, driving licence, bank statement to address this. Broker called them and they mentioned two missed payments just over a year ago.…
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FTB: Large deposit, some questions
Hi everyone, I am a first time buyer who is hoping to buy a house in around 9-12 months time in the region of £130,000. I have saved £105,000 for the deposit, so looking to get a ~20% mortgage of £25,000. Question 1: Will banks be willing to lend this small (relatively) amount? Do they have a minimum mortgage value (e.g.,…
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First Time Buyer - Sole Application *HELP*
Hi ya fellow MSE peeps :D I am needing a little bit of advice re applying for a mortage by myself and if it is even feesable?! It's not gonna be happening for about 12-18 months as I am currently paying off my debts & saving for a deposit, whilst living with family. My info is: I earn £17.5k pa + £1100 annual bonus Will…
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Mortgage Advice. First Time Buyer
Afternoon all, I'm looking to step into the big world of having a mortgage :( My current situation is as follows. £21,000 PA £0 Debt Living with parents £4500 savings Is it even remotely possibly that I'd be accepted for a 95% mortgage on the above? The house I have seen is £79,995. I have a pretty good credit rating as…
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getting from mortgage promise to mortgage offer !
Hi we have recently been given a mortgage promise (bad credit mortgage) by GE money and we have had an offer accepted on a house.We now have to get through the mortgage application and im so anxious and worried that it will not go through ! i am wondering what experiences other people have had with this and what the…
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'Whole of market' mortgage advisors
Do independent mortgage advisors that search the whole of the market really have access to the whole market or not? Are there some products that only available if you personally apply to the provider and not through a broker? The reason I ask is that I'm ideally looking for a 95% mortgage, and my IFA says there are none…
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Mortgage approval and adding to pension.
Hello I'm in the process of buying my first house, I have had the mortgage approved and all is going well. I received a 10% pay increase recently and the mortgage was assessed based on this value, although I am relatively confident it would have been approved on my salary before the increase. Now what I didn't take into…
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Working out how much interest I'll pay before the end of my fixed term
Hello all, I'm hoping someone who's better at maths than me can help! I signed into a 2 year fixed rate mortgage last September and have unexpectedly found myself in a position where I can afford to clear the mortgage. However, as usual there's an early repayment fee on the mortgage. I need to work out how to calculate how…
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Undervalued, overmortgaged
Hi, Im just looking for some advice for my other half. My boyfriend is currently getting divorced and the financial side of things is the only thing that needs to be settled. When he and his ex met she already had a house so they remortgaged so he could be put on the mortgage. The financial advisor took everything in hand…
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Repossession etc What would u suggest?
Hi there We have had loads of financial problems for years n years, a lot was caused by buying a home which cost way more to fix up than we anticipated and secondly from when i was ill and ended up having to leave my better paid job. We have had a suspended repossession on the house for the first mortgage, which we have…
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Anyone with a 25 year endowment which matured recently ?
Just curious as I have one with Scottish Widows which matures a year from now which was for 40k. Remember 24 years ago the RBS telling me that I would double my money !! Oh to be so young and naive again :D Guessing I will get 25/26ish k back.
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Changing the share of a tenancy in common
Hi, My girlfriend and I are looking to buy a house and came across tenancy in common. It sounds perfect for us but I had one question: Is it possible to adjust the share of the TIC after it has started? The reason i ask is that at first I will be fronting the entire deposit and so will want that reflected in the agreement,…
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Offset Mortgage and Endowment advice
I am condidering cashing in my endowment policy to and changing my mortgage to an offset one. I have 4 years to go on my endowment which is unit linked,with profits and I have been given 3 estimates of its value £32k,£35k,£37k and has a current cash in value of £25k. I currently pay in £900 in per annum to this policy but…
