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HSBC surprise D.I.P.
(Background: I came on here a while back asking about the possibility of a mortgage with a 25% deposit when my OH has 2 (satisfied) CCJs from 4 years ago.) I was calling HSBC to confirm the date that my bond time runs out and my deposit will be available again (was planning to take this info to a broker) and the advisor…
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Lease shorter than expected
So I'm in the process of buying a leasehold flat which the estate agent told me had 98 years remaining on the lease. The mortgage company (post office/BOI) approved on this basis and all was looking hunky dory. The solicitor found out last week that there is actually only 85 years left on the lease and they have written to…
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Fixed rate mortgage, zero fee, which one ?
Hi, We have 8 years and 5 months left of our mortgage and have asked out current motgage provider (Santander) what fixed rate deals they can offer that will be fee-free. I'm attracted to 2 of them; 1) 2 years fixed at 3.79% 2) 5 years fixed at 4.29% I have agreed in principle to the 5 year deal for the peace of mind, but…
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mortgage direct debit unpaid
hi my bank didnt pay my direct debit today...i want to pay it now straight away as my credit record is perfect and i dont want it to show a late payment!!! will they show a late payment straight away now??
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Switching banks for Mortgage deals
Hi Everyone i really find this site useful and information very handy. As you making that first step to getting a mortgage seems like a mindfield with so much information to consume and process. How does one go about switching banks if you source a good mortagage deal with another bank? would i have to switch my current…
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95% Mortage deals/Advice please
Hi Martin Some advice please would be most invaluable. As you are aware the new govt scheme of 95% mortgages meaning only 5% deposist for first time buyer However i'm reading through some of the deals being offered by banks/building societies they seem to come with hefty completion deals/interest rates. My ? really your…
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Home renovation loan
Hi there, First time poster, any advice gratefully recieved. Looking to borrow 40-50k for a total home renovation project. The house is owned outright with no mortgage outstanding. The house is worth around 310k. Would be looking to borrow the money over 10 years, but there is a real possibility that it could be paid off…
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Buying whilst working abroad
Is it possible to get a uk mortgage and buy in the uk whilst working abroad on 4 yr contract. Basically, my partner will be working in South Africa, on a 4 yr contract, paid into his UK account. BUT will not be a UK resident for those 4 years as he will only be in the UK for 30 days max. I don't earn enough to have a…
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Santander - Additional loan not available to interest-only customers
Our mortgage with Santander is part repayment and part interest-only (going back about 15 years when we got our first mortgage with an endowment policy when the bank was still Abbey). We have previously taken out additional loans on repayment terms when we have done work to the house, but not since Abbey became Santander.…
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Endowment maturity
Hi Everyone, hope you can give me some advise, I'm new to the site. I have a 25year Endowment due to mature in September this year. I have been tracking its progress, but have noticed that it has dropped by £1,000 over the last month, I'm now thinking do I just cash it in, before it drops any lower, or does anyone think it…
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Consent To Transfer
Hello all I wonder if any of you would be kind enough to offer any insights into a Consent To Transfer of the Mortgage to my ex-partner? Conveyancer sent me a letter titled 'Transfer of Equity Consent' "I hereby agree to transfer all my interest in {property} for no consideration other than the repayment of the mortgage…
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A little worried about the future
HI So, we (me and my husband) have a mortgage with the Halifax for £112000 approx. We fixed it 5 years ago, AT 6.59% and it is coming out of its fixed rate in December 2013. I know its 18 months away, and that anything could happen BUT I was just wondering about what COULD happen. Our income is £2044 a month, and we pay…
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Remortgaging-Marital Home rights notice
Hello Everyone, I am in a tricky situation at the moment. My wife and I are divorcing and we have agreed a financial settlement. To raise the settlement my wife has applied for a remortgage. She has been told that her application has been referred to underwriters due to me having a marital home rights notice on the…
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Referred to the underwriters
Hi, Hoping for some advice from anyone who may have been in a similar situation. Basically, after our first attempt at getting a mortgage (95%) was snatched away from us by the building society when they withdrew the product, we stumped for a 90% and got all the finance in place. We were accepted in principal, subject to…
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FTB Nationwide mortgage...HELP NEEDED PLEASE
hello everyone this is my very first thread on this forum i have been reading post on here for a while now and found the information very helpful. I was wondering if someone can give me some advice please. Me and my husband have had a offer accepted on a auction property at £152k on 17/05/2012 as its a auction property and…
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FTB - After advice please!
Hello, I'm new to posting but been a long term reader so I'm hoping that someone would be able to advise me. I am in the fortunate (and very exciting!) position to buy my first house with help from my parents. I currently earn £13500 a year, but due to the nature of my job (I'm a trainee Quantity Surveyor doing my degree…
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mortgage with poor credit rating
Me and my partner both have full time jobs, joint income £43,000 approx. I already have a mortgage (no arrears) but a charge is on the property in ex husbands name (he is also on the mortgage, havent been able to trace him in 7 years and he has never contributed). There is also a couple of defaults. We want to buy my…
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First home/mortage. Is an offset a good option
Hi guys GF and I are buying our first place together. We've picked a new build. Next week we put down £2000 to hold it, and then we'll have 4 weeks to exchange and pay a 10% deposit. Would love a bit of help from your mortgage experts out there. I can provide more details if you need them but maybe there's a fairly good…
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Overpay or save for deposit?
I imagine the title may be somewhat misleading but let me explain. We purchased our first house last October but have itchy feet already and in a years time I think we'll be looking to "upgrade". We got a 90% mortgage from HSBC on a 2 year fixed term of 5.39% So in around a years time I think we're going to be looking for…
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HSBC - Solicitors?!
Hi, Have now sold my house at a good price. Plan is to move into my parents house while we look for a new house. Our estate agents have organised three quotes with solicitors. I have two AIPs, one from HSBC and another from Northern Rock. Whilst I havent been to a mortgage broker yet, I have done some basic research myself…
