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Mortgages & endowments

Archives for May 2012

Mortgage protection
Hi I wonder if anyone could offer any advice? I have had a mortgage found for me through London and Country (a 5 year fixed rate 90% LTV). Whilst I am happy with the mortgage, I am unsure of the level of protection/insurance I need (I have no life insurance and have dependants). I am wary of being 'up sold' products that i…
Charges for letting mortgaged property
Hello. Following a house move and failing to sell our old house we let it. We informed the building society we have a morgage with. All fine. They have now written that three years are up since they gave permission and now want to add a 1.5% addition to the mortgage interest rate. A year will cost an extra £900. I phoned…
Bonuses - gross or net?
When entering a bonus figure into a mortgage calculator, should this be the gross value, like the base salary, or the after tax net sum received? What about overtime? "Bonus" (sorry..!) question: Also, if it's a percentage-based annual bonus, should I give the value of the last bonus given that can be proven with…
Error on credit report
So, I know now that I should have ordered my credit report BEFORE applying for a mortgage...but I didn't. Then my application got rejected and so I ordered it. There is a linked address from Capital One to someone with the same name as me but who is a Dr. So, I am not a doctor, I have never lived in the area of the address…
WOOLWICH: What income is accepted for affordability
We have a mortgage with the Woolwich and want to move in the next two years to tie in with my eldest child beginning high school and need about £17000 extra. Does anyone know what income sources the Woolwich allows on its affordability calculator as my borrowing needs are above my paid income. We receive disability living…
Previously bankrupt
Can someone please point me in the direction of some information regarding being previously bankrupt and trying to obtain a mortgage? Thank you
Poor credit score and application
Hi, I've got an offer on a place and will contact my broker tomorrow to get things moving. I have a few credit cards with debt paid off and all but one have been cancelled. I have never had a late payment. However my credit score on experien is 935 and my credit score on equifax is 217! Apparently because I've only been on…
Endowment maturing in August
Hi not sure what to do my mortgage endowment is maturing in August,I've been told it covers what I owe . My concern is the news about the euro possible collapse of Greece and worries about spain and the effect it could have in my policy . Is it possible for me to ask the pru to put my policy into cash, if this can be done…
Overpay or Save?
A bit of advice and also a bit of a favour from you mortgage brokers :) Firstly, the advice. In general, is it best to overpay a mortgage or to save the extra money somewhere? I currently have a cash ISA with Barclays which is 3.05% AER. Mortgage rate will be 5.69% I know in terms of percentages, it will be more beneficial…
Back to Underwriters.
Hello. We had our mortgage offer through 2 weeks ago, The house was valued at 80,000. Since then I have managed to nock of a further 3000 due to the windows need doing. I told my mortgage advisor and he has told Santander and he is saying it is with the underwriters at the moment. I was just wondering is there any risk…
Can I get a mortgage if i've got a clean credit history but in my overdraft?
Hi all, Just some advice please (my IFA is really slow at getting the job done!). I am trying to secure a mortgage for a property I have reserved. It is a new build property and I am purchasing it under the first-buy scheme (95% mortgage and 5% deposit). I have a clean credit history (999 score via experian) but I am in my…
Can my mortgage provider do this?
I own a flat on shared equity with a mortgage from the Halifax. Decided to buy a house with my partner and rent the flat out. Went to the Halifax directly and asked them to provide mortgage on new house and I planned to rent the flat out. So both mortgages with the Halifax I was advised this was no problem and everything…
halifax offered to better my current offer
just had a weird meeting with halifax. i've had a mortgage offered (NOT DIP/AIP etc) on certain terms via a broker. having gone in to the branch to enquire about opening a bank account i had a chance meeting with one of their mortgage advisers - chance in that i hadn't gone in with the intention of seeing anyone. i openly…
90% home mover mortgage
Help please! My husband and I currently have a mortgage with Halifax at 3.99% - we had hoped we could port this mortgage to buy our new property (whihc means borrowing a lot more) but this is not possible. Although Halifiax will lend us a crazy amount of money, the rate they offer us is 6.49% We are selling our home and…
Buy to Let Mortgage - Problem
Dear All i have attempted twice to re-mortgage my buy-to-let mortgage, and on both ocassions post the Surveyors report ive beed knocked back or had the amount I can borrow restricted. My situation is this, I have a property with 3 rooms, i rent out 2-3 rooms regularly and when i rent out 2 rooms i use the 3rd room myself…
Help please Negative Equity, forcing sale of house i live in
Hi, i could really use some help it, but i am not that knowledgeable regarding my own mortgage. My ex dealt with that side of things :o My ex and i broke up 2 years ago and we both pay the mortgage and the maintenance charges 50:50. We only had the mortgage about two years prior to the relationship ending, and bought when…
Dobbing ourselves in to Experian?
We are first time buyers (hopefully!) and have recently checked our credit reports with Equifax, Noddle and Experian. I have clean record, my husband has two issues. 1. £500 default on Nationwide credit card in 2009 (when we shut down our Nationwide accounts, we must have overlooked this one - they have never chased us…
Current Mortgage Deal?
Hi all, I am still (pretty) new to all of this, and need some advice on my morgage. Its a fixed rate deal with ING Direct that runs out on 31/8/12 - I have just started to shop around on the current deals around - but I can't find any good rates. I've tried moneysupermarket.com and a few of the high street banks, but they…
Improving credit score
What is the easiest way to do this? I have no problems with my accounts that I know of, everything has bwen paid on time (phone bill, insurances etc) however I have had no debt and am concerned how this will effect my mortgage application? I have a credit card, should I use it and pay it off in full?
Mortgage after a split
Hi, I've just split from my partner and remain in our mortgaged property. We have yet to come to any clear agreement about the house. On the positive side, the mortgage is locked in at no more than 2% above base rate until it is repaid under the old fashioned Mortgage Base Rate. There is no chance I would be able to get a…

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