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HSBC processing times?
Does anyone have any recent experience with HSBC processing times please? My purchaser's survey was carried out on Monday and I am hoping to complete on 17th May? Is there are agod chance of a mortgage offer being issued in 2 weeks? (Assuming everything else is in order of course).
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Repayment or interest only plus over payment question
I am thinking of taking out a £100k mortgage on a house to secure a property a repayment mortgage works out at £720 over 15 yrs but an interest mortgage is £330 both fixed for two years. Could I take out the interest only mortgage but make over payments so it works like a repayment because in the first two years I need to…
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Buy-to-let, let-to-buy or just sell up and start again?
Hiya guys, bit of a tricky one this but here's the basics. I've decided I've had enough of living in York. Moved here 4 years ago from west yorkshire, never really settled/liked it and since I've split up with my fiance last week I've decided to do something about it. The 2-bed semi I bought was £145,000 in October 2008.…
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FirstBuy Mortgage Advice
Hiya Can anyone give me an idea of costs for the following: We're looking at the firstbuy scheme on a house for £200,000. We find the 5% deposit, then with the governments & builders £40,000. How much will the equity loan cost per month roughly? I know interest gets applied after the first 5 years but for the first 5 I…
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Using part owned property as a deposit?
Hi everyone, This is my first post here and I was hoping for a little help. I am from Ireland but live in the UK. My brother and I are part owners of a house in Ireland which was signed over to us last year by our father. It is probably worth at least Euro 150,000 (hard to know with the way things are going in Ireland). My…
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Consumer Credit act 1974
I know this is tech not in the right section but at the same time Im hoping I can get some help here. Can someone confirm for me how overpayment on a loan under the consumer credit act 1974 should be applied to me account. Should any overpayment be applied to the capital amount outstanding so in effect reducing the…
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First time buyer
Hello all. I was hoping for some realistic advice on whether my other half and i would get a mortgage. Together we earn 52k a year (33k myself) and have a deposit of 15k with a further 5k for fees etc. We both have a small amount of outstanding debt, around 1k in total. My credit rating is excellent (999 according to…
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MPPI mis-selling because of diabetes????
Hiya, I have had a couple of successful ppi claims on credit cards due to the fact that i was not made aware that my repayments would not have been covered had I been unable to work as a result of my diabetes. Could my mortgage ppi have been mis-sold under the same circumstances. Cheers
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Who determines the Value in ‘Loan-To-Value’?
Hi, I wonder if anyone can set me on the straight and narrow. My 5 year fixed rate mortgage term with Santander will be drawing to an end at the start of next year so I’m doing a bit of research before I decide what I want to do next. I’ve been shopping around looking at various Mortgage deals, but each time I see the loan…
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Legal Charge On The Property
Hi New poster here and I would like to pick your brains if possible. Situation is as follows : Other half inhetired her Mums property 3 years ago. There was a charge on the property in respect of her Dad, Her Mum and Dad divorced around 20 years ago and rather than buying him out of the property his 11% was put on the land…
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Scottish Widows Endowment Shortfall Options
I am concerned about the shortfall prediction on our Scottish Widows endowment which is supposed to pay off the interest only part of our mortgage,there is seven and a half years to go on the endowment and the projections to reach the target of £44650 are currently £16500 shortfall at 4%, £11500 at 6% and £5000 at 8%, now…
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Need urgent advice regarding mortgage product
hi guys, I need urgent mortgage product advice as i have an appointment with our mortgage advisor tomorrow. Today I nipped over to halifax with the missus to discuss remortgaging from TMB to Halifax and put my name on the property too. The mortgage advisor after taking our income details did a credit check and she also…
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Barclays (Wolwich) overpayments Grrrrrr.....
:mad: They're at it again......just when I thought I had got the hang of woolwich overpayments. I got a letter saying they were dropping my monthly payments as I had just paid in an overpayment of 3k(lump sum). They referred to this as a part redemption and not an overpayment? So I ring them up to put my monthly payments…
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Mortage advice please
Hi all, to cut a long story short - having started out with a high street building society in 1997 and a low mortage we have upped and upped our mortgage through the good times of the late 90s and early noughties to 140k ish - we then hit lean times, defaulted, ended up with less than savoury mortgage lenders etc and am…
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Offsetting endowment value against purchase price
My partner and I sold our own homes about 5years ago and have been renting since. We're now looking to buy and have a deposit that amounts to 25% of property value. I also have a 16yr old endowment (that's on target) that I've kept going so my question is: what are the options for offsetting this against the purchase…
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Mortgage offer but no product fee mentioned ?
We've just had our mortgage offer through post, im sure when the mortgage broker came round he said there was a product fee of £999 which will be added to the loan but there is no mention of it anywhere ? there is a fees section which details £99 quid to secure product which weve paid and £250 valuation fee which is paid.…
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Reeds Reins Broker Service
Morning all, I'm just looking for a bit of advice as a FTB. I recently attended a meeting with a Reeds Rains broker representative. The initial meeting was free and we ran through some helpful info and obtained a provisional mortgage agreement with Halifax. The broker is whole of market, but there is a fee of £599 payable…
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Remortgaging with perfect record but temporary jobs
Hello I need advice about whether I should risk/bother going to speak to other lenders. I assume they wouldn't look at us. Am I being too pessimistic? My pessimism means I am about to book a 2 year fix with Santander @ 3.79% because they won't ask for contract information and will make an offer over the phone. My mortgage…
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equity release mortgages
Can anyone advice of a good company to do equity release mortage, its for my mother she is debt and mortage free, and wants to release some capital, but the internet is bombarded with them so its difficult to know who to go to thanks in advance
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appling for a mortgage in full and purchase on credit card
My mortgage broker is applying for a mortgage in full for me in the morning. He has already got me a mortgage in principal and my offer for the property has been accepted etc.Im sending my p60, pay slip, bank statements and credit card statement to him. The only thing that worries me about it is there are couple of…
