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"non-mainstream" mortgage lenders
Sorry if this has been asked before. We have an FTB AIP from a mainstream lender (HSBC). I understand that an AIP is not a done deal! I'm confident about 'getting' the mortgage when the time comes for full application because: 1) it's very small (piddling monthly payments, and approx 1.1 x joint salary) 2) it's low(ish)…
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Complicated house re mortgage! advice needed
My mother is looking to release £100,000 from her house worth £140,000 in order for me to buy a house. My mum is 61 and working, she has a gross annual income of £11,000 (£6,000 wages £5,000 pension) she has a loan of £14000 repaying £300 a month. What products are out there to enable her to get £100,000 from her house I…
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Bank caused completion to fail
First Direct failed to enter an account reference into the mortgage transfer. Which meant we could not complete on the arranged date (today/Friday). The bank eventually found the money and transfered it to our solicitors on the same day (Friday), however after the 3 pm deadline. Our solicitor is confident of everything…
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Mortgage on half the value of a property! VERY confusing so please read on!
I'll try and explain this as simply as I can so please bear with me... My partner's Grandma unfortunately passed away in December and she has left behind a 3 bedroom house which she owned outright. The house has been left to her 3 children, one of which is my partner's mother, and so between them they each own a third of…
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Mortgage refused due to pregnant & going on mat leave
My friend has been trying to sell her house for some time. She recently had an offer on the house and accepted. They have seen a new family home and had a verbal offer accepted. However their mortgage lender has just refused their application on the grounds that she is pregnant and due to go on maternity leave shortly. She…
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Consent to let
Hi, I am wondering if anyone can advise me on the likelihood of Natwest consenting to me letting out my property? I've read a few threads on the board already, but they were either for people with an existing non-expired product or decent LTVs! Details: Original mortgage: Feb 2010 Expired: Feb 2012 Current: SVR 4% - better…
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Simply Law / GE Money
Anyone have any experience with these? They seem slow and keep requesting documents already sent to them. They will only accept original documentation and not faxes from my solicitor. Any idea of how to hurry them up? We were supposed to exchange last week and they are slowing everything down immensely! BB
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Bank refused to consider compensation
Hello all, Has anyone ever had any success trying to claim for being missold an endowment with natwest? We had an endowment with them and wrote to them to complain a few years ago but they just dismissed it out of hand. They said that according to the salesmans notes at the time everythiing had been gone through and we…
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moving whilst in negative equity
has anyone moved whilst in negative equity or no of any options availble to someone in negative equity?
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Porting question
I just have a quick question about the process when I move house and port my exisiting mortgage terms. I appreciate that effectively its like a new mortgage with the exisiting amount at the old rate and the new borrowing at the new available rate but is it possible to extend the term on any of the mortage? For example I…
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Advice on Buy to Let mortgage tax relief
Dear All. I have just got £48k additional borrowing from the bank to either pay off my main home morgage of £255k (£1300pm) or to reduce my 2 buy-to-let morgages which sit at £35k (£135pm) and £95k (£280pm). On the face of it reducing my buy to let morgages would seem preferable as they are on variable higher rates than my…
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100% Commercial mortgages
Hi, Can anyone recommend any brokers etc. who can offer 100% mortgage on a commercial vacant premises. I understand they don't exist no more, but am looking for those that can do so with a 2nd charge on my house.
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Help....paying off mortgage
Hi guys, After the great advice received last time I'm after a little bit more.... My husband has a property in his home town that he was living in when I met him. He moved out when we bought the house we currently live in and for a while the house was rented. It has been empty and on the market for the last year. He is…
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Using Flat owned outright as deposit for own House
I'm on the market for a property at the moment and have almost £30k for a deposit. I'm currently living at home and would like to move out in the near future. Like most people, I intend to live in a nice house eventually - and was intending to start off in the most expensive place possible. However, I've now seen a…
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New Mortgage (Bank of China ?)
Hi All, We're currently looking towards moving home to a new build property. We're looking for 75% LTV on a 220K property, earnings in the right area (>2.5 x loan), and good credit rating with no debt - other than a secured car loan which is mid term. I hope that will be enough ? I think we'll need to invoke a sensible…
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Nationwide mortgage with free conveyance?
Dear all, We're first time buyers with a £28k deposit looking at a property approx £170k. We would like to goto Nationwide as they allow over payments of £500 a month and also my partner is still in her probationary period of a permanent job, which they don't take into account. We would like to fix for 5 years, which is at…
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Is this right (London and country)
Hi, I'm a FTB and been speaking to l and c about a mortgage. The advisor was very helpful. However he gave me their 'decision in principle' and told me once an offer is accepted on a property to call him and he will find a lender. Does that sound right? I've got a second viewing on a place tonight and the estate agent just…
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Pain in Spain
Does anyone out there know what would happen if I simply give back the keys to my Spanish property to the Spanish bank (Bankia) who I have the mortgage with?
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Overpayments or Save for next move
Hello, We are currently paying off a mortgage and are saving approx £200 per month towards moving. When we re-mortgaged the advisor said that we would be better to save our money rather than make overpayments on the mortgage so that when we take out an additional mortgage to move to a bigger house we get a better LTV. What…
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buying a house at 70k though it needs approx 20k work done need help with options?
hi ya, I've spotted a house that i'd like to make an offer on though being new to this i was wandering what my options where. The house has been repossessed and is for sale at a a knock down price though the house if done up would be twice the value. The house needs essential work done like plumbing and rewiring, new…
