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Declined for 2 late payments...
Mortgage application (95% LTV) declined by Ipswich due to 2 late payments to credit cards, one in 2008, the other in 2010. Both accounts have since been fine with no issues, no other outstanding problems at all in our credit. According to someone at Ipswich, they only loan to "clean credit" applicants....how much cleaner…
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Broker or direct with post office
Hi, I have had an offer accepted on a property. I previously indicated that I might go through London and Country for a mortgage but I have been looking at mortgages with Post Office and their rates do look attractive. I was just wondering what they are like as a lender? I have seen the thread from earlier today and…
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Endowment has matured
Can any one help? I have a mortgage split into 73k covered by endowment policies, on interest only and 40k on capital repayment, all repayable by 2020. My first endowment matures in July and I phoned my mortgage company to talk through what would happen. I told them that I will be repaying 35k of my interest only and they…
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Am I a First Time Buyer?
This may be a silly question but what is the definition of a First Time Buyer? I owned and sold a property a year ago so do not currently own a property. Everywhere I look online for mortgages it splits products into 'First Time Buyer', 'remortgage' or 'moving home'. Am I any of these?? Would be great if I could take…
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My worst nightmare is happening
Background our fixed rate mortgage is due to end in August this year. We have been paying 8.4% on a 4 year fixed mortgage with GE money (£1001.14 monthly payments) and have made all of them. We paid £148500 for our house and have had it valued at £143500 by a local estate agent. As of March 2012 we currently owe £122,700…
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Do banks have to honour their MAPs?
Hello, In April I completed a morgtage agreement in principle with Halifax. They offered 5.99% for a 90% LTV, which is a rate that no longer appears on their website. The MAP states: This illustration is valid for the day of issue. In order to qualify for the products you have selected, the mortgage must complete before…
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WHAT mortgage shall we have!?
;)ok, so, like, i'm giving myself a headache x offset advice please! fixed interest only ending end august (natwest )23yrs remaining house value £285000 current mortgage£215000 have £65000 sitting in a current account to use to reduce mortgage down to£150000 monthly income currently £5000 plus £850 pension no other debts…
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Fixed rate mortgage payment has gone up!!!!
We have a 4 year fixed rate mortgage which started last April and when the standard variable rate went up in April we received a letter to say our monthly payment had gone up??? Very confused!! Anyone else experienced this? We have a mortgage agreement which states that our monthly payment will not change even if interest…
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Fix or stay on SVR?
Our original 2 year fix (4.8%) has come to an end, and we have switched to the Halifax SVR of 4% Flat was purchased for £153k using a Homebuy scheme, so the mortgage was £100k. The remaining mortgage is now £94k We plan to ideally sell up in spring 2014, but the only fixed product we can get (due to having a Homebuy…
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Advice - Halifax Mortgage
Hi, This is the first time I have posted on here, but I am looking for some advice. I have applied to the Halifax for a FTB mortgage, and have a 20% deposit. I received a DIP from the Halifax - where they had done a Full credit search (I know they only usually do a soft footprint!). I passed the credit search fine - even…
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End of fixed rate deal
Hi all My fixed rate with RBS is coming to an end at the end of May - tomorrow! We have just managed to scrape enough in the last couple of weeks to overpay to get in to the 75% ltv range - hence why we have not yet secured a new deal. I Dont mind staying with RBS and was looking to go on to a 5 year fixed at 4.19% which…
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overpay or save
I'm currently on a mortgage rate guaranteed to be 1.99% above the BOE base rate for life, with the base rate at 0.5 % I'm in a good position to overpay every month. Should I do that or should I save the money into a First Direct regular saver account for a year at 8% then take the money out in 12 months time and pay that…
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Cash in endowment..Have i got the figures right?
I keep reading about people cashing in their endowments early and moving to repayment mortage.From what i've worked out i'll end up paying an extra £20 + a month inc life insurance if i cash in?? It is a Prudential(scot Am) Unit-Linked fund(Managed).It's due to mature in August 2023. The life insurance is for 50k and as of…
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Post Office mortgage BEWARE
Last week we applied for a mortgage using the Post Office's online system - this came back with an Approval in Principle (AIP) for a loan of £240K. On the basis of this 'approval' we had an offer accepted on a property, secured the services of a Solicitor and paid for the survey. Yesterday, we progressed the AIP to full…
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Are there any Banks lending in the Canaries
The mortgage on our rental property has been sold on by our Spanish bank to another lender. The new lender has offered a substantial discount for early repayment. The original mortgage was 60% LTV. Occupancy is over 80% over the last 4 years, all recorded. Are there any Banks lending in the Canaries ? :think:
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SVR's rising? BoE tracker or cheaper 2 yr fix with offset? (coventry building soc)
Hi, Tomorrow Coventry withdraw their 2.45% 2 yr tracker with offset. I have to make a quick decision, to go with that or get a lifetime tracker for a bit more e.g. first direct has one (straight variable, not an offset) at 2.79% above BoE base rates. I feel that the base rate is going to remain the same for the next few…
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Anyone here get a mortgage with an outstanding loan?
I can buy as early as April 2013 with OH 25% deposit on £150k house. I will have £10k outstanding on a loan at about £330 a month. Earning £40k+ gross and her £16k gross is this going to cause any problems? Online calculators showing they would lend me upto £170k on my salary alone?? Seems alot. Also what else do we need…
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mortgage on co-owned property.
Suppose you want to buy a property as tenants in common, one co-owner supplying half the price; the other wants to take out a mortgage for 75% of his half and supply the other 25% as deposit. Both owners would appear on the deeds: is it necessary that both be on the mortgage so that both are liable for ensuring that the…
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Platform Home Loans Limited
Hi all, one of my friends has recently been offered a mortgage product by the above company. Having done a search it seems like they are a subsidiary of the CoOp and Brittania? An expensive one at that. He was offered this due to a potential gifted loan from a family member and hence restricts him on mortgage options…
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First Direct mortgage - seems good to me, want to check I haven't missed something
We saw a financial advisor tonight who recommended the following mortgage: Nationwide 2 year fixed repayment mortgage at 4.59% followed by a SVR of 3.99%. The application fee was £999 and a homebuyers survey would cost £470. There's the ability to overpay the mortgage by £500 each month. We bank with First Direct so I've…
