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can valuers do this?
A freind is buying a house and agreed an asking price of £75,000. Alls well and then the valuer said that there needs to be damp reapirs and some minor roof repairs and has said there is a £3000 retention on the morgage. BUT he has said that the property is worth £78,000 so my freind can still get a mortgage for…
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Divorce, Bankruptcy, Morgage tricky one....
Hi There My X and I am just trying to sort out our divorce and the only thing that is a thorn in our side is that she is on the mortgage and we have a bankruptcy. We are happy with all financial issues but how do we get round this one. Nearly 2 yrs since discharge. Wanted to do the D through the courts ourselves as its on…
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Mortgage valuation report shows lack of fire separation
I have just had a copy of the report from my mortage company. It shows some damp readings in limited areas which should be monitored and a lack of fire separation in the loft space. If my building soc proceed to offer of mortgage I am thinking of asking for the fire separation to be rectified before continuing. The house…
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How Long to Build UK Credit History
At the moment, I'm considering moving to Northern Ireland from the Republic of Ireland. I've a reasonably big deposit but, as most mainstream lenders aren't available to me with no credit history in the UK, I'm considering purchasing a small flat with cash initially (one that requires some improvements) and living in it…
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Overpay or wait for fixed term end?
Hi our repayment mortgage 5.6% fixed rate is due to end in Jan 2013. We have been overpaying around £2000 a year on our mortgage and looking at the statements it hasn't made a lot of difference to the balance. we want to over pay £500/month for the foreseeable future but are uncertain on the best way to go. with the rate…
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Bankruptcy and mortgage
This has probably been covered before, but what are my chances of getting a mortgage after bankruptcy? I've been out of my bankruptcy 2 years now and just been approved for a Vanquish credit card (purely to build my credit rating). I'm a changed person when it comes to money but I obviously know lenders just won't take my…
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Kensington Mortgages
We are looking for a 75% mortgage, we have no ccjs or late payments but are over extended on credit to income ratio. The credit will be repayed when the remortgage comes through. We are using a broker and main banks were a no go and the principality due to the outstanding credit. The broker has suggested Kensington but I…
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Do you think I'll get accepted?
Could really do with some help. Last week I got AIP for Leeds Building Society. I'm looking at a 95% LTV mortgage and I want to borrow £99750. I earn about £35000 and have three credit cards that I owe about £3000 on. None of these are at the credit limit. I have checked my credit file and my score was 999 on Experian, yet…
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Remortgaging - what to do if you have two mortgages running parallel?
Hi, Wondering if anybody can suggest the name of a reliable mortgage broker who can help me with the following situation:* When we bought my first house in 2005, we took out 2-year mortgages from different lenders and ended up switching in 2009 to First Direct (with an offset mortgage at 2.89% that ran until Sept 2011) *…
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Mortgage fixed rate ending!
A bit of advice needed please! Out fixed rate Mortgage of 6% which we have been paying for 5 long years comes to an end on 31st July. It with come down to 2% above base rate so with be 2.5%. What do I do? Do I fix it again at 4% which my current lender is offering?
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Money retained from our mortgage application
We are currently going through the process of buying our first house. We have made an offer, been accepted, applied and got the mortgage offer, sorted direct debits for mortgage etc. appointed solicitors and the valuation has been done. We are now stuck.....the valuation has now said that the house is worth £5,000 less…
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Help! First Time Buyer
Hi! I am going to look at a house that is in the perfect location i want and exactly what we were looking for! However, I just found out it was bought in January 2012 for £65,000 and now its up for £125,000! Ive been told it has been renovated but it seems a short amount of time to completely renovate a property? I can see…
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Estate agent financial advisor
Hi I am a FTB and have put a couple offers on a property with your move the last couple days. This morning and this afternoon I have received voicemails from a your move financial advisor Asking me to phone them about my offer. I haven't phoned yet but I take it this will be them trying to persuade Me to use their services?
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Woolwich - Barclays: I'm on the edge
Is the Woolwich/Barclays customer service simply the worst in the world ever? All I want to do is port my existing mortgage to a new house - problems include: - spending an hour on the phone to the call centre trying to set up an appointment in person at my local branch. They told me that Newcastle on Tyne didn't have a…
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Moving Into Rented - Bother Updating Address?
We are moving into private rented accommodation after we pulled out of our house purchase. We sold our house and have been living with relatives whilst the purchase went through, but as it has now fallen through and it could be at least several more months until we complete on something else, we are moving out into rented.…
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Outstanding loans on completion - some questions!
We are one of *those* people who took out a Northern Rock "Together" mortgage back in 2004 - went for the full amount of unsecured loan too. With lots of overpaying, at long last we're finally out of the inevitable negative equity that ensued. If the house sells for what we are hoping, we'll have a bit for a deposit too -…
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Mortgage to buy a home which is currently being rented
I have a problem that I cannot find a bank that will give me a homebuyers mortgage for the property I wish to buy. The buyer has given me a good price to take on the tenant. The tenant will be given 2 months notice the moment we exchange. I'm happy with this part. However the banks I have asked say that they will either…
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Credit report question! (AP, equifax credit score etc)
Hi, i'm new to the forum, just wondered if anyone could give any advice or experience, would really appreciate it! I'm looking to get a mortgage soon. I've just done a credit report and check with Equifax. my credit score was 420, which is in the middle of the 'Good' zone, so im quite happy with that... But I'm worried as…
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First Direct - successful telephone application...first time buyer help
Hi guys I'm a first time buyer. I've applied for a mortgage with first direct and have just gone through the telephone application where they carried out a credit check and told me that the indications were that they would be able to offer me what I was looking for :j I don't know how it all works so forgive me if this is…
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Mortgage Repayment Options
With a couple of endowment policies maturing shortly to pay off the interest only element of my mortgage, I will be left with approx £55K to cover ideally over a maximum of 10 years. The safe bet is to continue with a repayment mortgage, but I am tempted to take an interest-only and look at an alternative repayment vehicle…
