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FTB Mortgage - Fixed for how long?
Hi all, I'm new to this forum and to mortgages. I just need a bit of advice please. My wife and I have put a holding deposit down for a Newbuy property and been offered a 95% LTV Santander mortgage fixed at 5.49% for 3-5 yrs. We thought that was very good and were happy to progress only to discover a day later a Natwest…
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Mortgage with a guarantor
Hi, I posted last week about our chances of getting a mortgage. We are self employed (income below). We have seen a house that is £150,000 and FIL will loan us £30,000 deposit. We have £17000 debts (credit card) which we are gradually paying off. I have looked at my credit file and my rating is apparently 3/5. There are no…
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first mortgage
Hi folks im now in the position to apply for a mortgage and have a quick question on advertised rates. im aware that a lot of factors can contribute to the rate i will get - credit history etc. i have seen RBS can do me a 5 year fixed with 4.4%. My credit score is excellent, no debts etc and 10% deposit. do these companys…
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Mortgage on a business -> residential property
Hello, my partner and I are looking at putting an offer in on a property that's a former business that is advertised as suitable for residential use subject to proper planning permission. Now, we'll have our solicitor check this aspect of the purchase out, and we won't do anything until he advises us on this. However, my…
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Mortgage Arrears following Redundancy
Hi all, A little background, I purchased a two bedroomed flat as a first time buyer in 2007 at the peak of the market with a mortgage from N&P at 5 years fixed 5.18%. Back in July 2011 I was made redundant from an employer I'd been with for over 5 years. Job hunting in construction while trying to complete a masters was a…
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Nationwide SO Mortgage Process
This is my first post and hope its in the right place. I have recently done a mortgage application to Nationwide for a resale shared ownership property at 50% (90% ltv mortgage). We had a DIP and the very next day sent a full application and we had to pay the booking fee and server at this point. I also had to send mine…
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95% Mortgages?
Hi all, :j a friend after years of renting has found a flat she would like to buy..first time buyer,great credit history..property is £65000 and she can afford to put down £3500 as a deposit? i hear it's hard to get a 95% mortgage these days so does she have any chance of getting one? Her basic salary is £25000 but with…
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Money Laundering Regulations ... Gone too far?
hmm... we're applying for a mortgage, and Nationwide are asking us to prove where our savings came from. What happens if a savings account had a lump sum transferred into it upon opening, is many many years old, and hadn't been touched since? Banks don't provide statements that far back. What if you saved your whole life,…
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URGENT help needed!
Hi All Sorry for the urgency of this request but my wife and I are facing an important deadline and we desperately need some advice. We are buying our first house and due to exchange in a week's time. We applied to Santander for a 25 year mortgage fixed for the first 5 years, and it was agreed about a month ago. We saw a…
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Best mortgage comparison site?
Hi, I am having some trouble finding the best deal on a mortgage. I have used moneysupermaket etc. but I'm finding that they do not include all fees in the actual cost over 2 years figure including if any fees are added to the balance of the mortgage. Obviously, if I'm saving money over 2 years but adding more on to the…
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Why have the Woolwich...
...created another bank account for me called 'Barclays Offer Account' and sent me a cheque book and debit card for this account? I already have a Barclays Current Account and a Barclays Savings Account and don't need another. Obviously, I've been given a mortage offer from them, but I don't see the point in this.
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Endowment - to cash or not to cash ????
So, Mortgage paid off - endowment still being paid, valuations as below ; Current Surrender Value at 21 Jul 2012 Basic value11,515.45 Final Bonus1,022.45 Total plan value12,537.90 It matures Apr 2014 and final valuations are as ; 3.75% - 13,700.00 5.5% - 14,100.00 Total to pay in til maturity - 601.80 I dont need the money…
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Capital Repayment inbetween deals?
My current tracker deal with Nationwide comes to an end in December 2012 so I'd like to fix for 2 years and having reviewed the deals will likely stay with Nationwide. Is it possible to make a capital repayment between deals? So I am borrowing far less for the 2 year fix. Obviously I don't want to incur an ERC.
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Help!!!! Any advice for overseas based H M Forces trying to get a UK mortgage!
Hi all I have tried a few times to get a UK mortgage to buy a place in UK while I am based overseas, so I and the family can move into it as a home on our return - it is proving rather troublesome. Brokers have told me that as I am serviing overseas UK Banks (except one though the rates are ridiculous) do not recognise me…
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Shared Equity Mortgages
Hi everyone, Can someone point me to a website online with a list of shared equity mortgages? I am currently ending contract with one at the moment and want to see if there is any better remortgage deals available online I search on google but cant seem to find deals for shared equity Thanks
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NRAM Transfer of Equity
We wen toff our paperwork on 16 April and took a mortgage holiday as suggested by NRAM, they told us our transfer of equity would be completed in three months. We are now almost five months down the line and no further. Although they have agreed the transfer we are yet to receive any paperwork to sign. Every time we ring…
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Deed of Consent witness
Hi there Who can witness the deed of consent? Does it have to be a solicitor? Thanks
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Scot Am Endowment
I have an endowment policy I took out when I started working. It isn't attached to a mortgage and has always been used as a savings plan. I got my annual statement today and to be honest I haven't got a clue as to whether it's worth keeping or and wondered if some kind soul could explain it to me :) I pay £25 a month. The…
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Alliance & Leicester underwriting .... waiting ... waiting
Hello, Having read about 1000 mortgage rejection stories I thought I'd brave it & see what some of you more experienced people think. Applied to A&L for mortgage last Thursday (12th) over the phone. Passed their affordability (they said we could go 30k higher): Joint income - currently 80k, will be 75k in September…
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Gambler's mortgage?
I have about £200k in instant access deposits and another £100k or so in ISAs. I work as a professional gambler. Is it possible for me to get a mortgage? Currently we rent a house for £1500 PCM but in this area (Surrey) a decent family house is £600-£700k, which I don't have so would need a mortgage. In theory I could…
