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HSBC porting decision - Scotland
Hi - we are about to move house from a house in England to a tenement flat in Glasgow. We have a portable mortgage at 2.39 tracker from HSBC. When I rang to ask about porting they claimed that HSBC do not offer mortgages on tenements. I find this staggering - given that it is the main housing stock in Scottish cities. They…
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Nationwide Mortgage Offer
We had an AIP from the Nationwide for £203,000. We had an offer excepted on a house and put in a mortgage application for £193,500. Valuation came back ok. However after waiting 4 weeks for a mortgage offer they have come back with an offer of only £177,000 saying that it is because the difference we pay in rent and the…
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Deceased Fathers Property
Hi all, I am hoping for some advice please. My father passed away unexpectedly in November and had a property which is mortgaged with Webb Resolutions and administered by Lapithus Servicing. The mortgage is interest only. Lapithus have begun reposession proceedings as myself and my brothers decided that none of us wanted…
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Getting a mortgage on a property I already own
I am posting this Q for my daughter who lives in Ireland. They had a mortgage for 5 years on a property that they built. They sold in 2011 believing they could half their mortgage by selling thereby being left with a large deposit for a new property. However, what they didn't realise was that they would not be able to get…
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Mortgage in principle-is this normal?!
Hi, New to this board so bare with me!! Had a mortgage in principle passed 3 weeks ago, today am ready to proceed as offer accepted. Here's the thing, the old mortgage guy not responding to emails/calls etc,so case passed onto his colleagues. It seems the mortgage in principle procedure is going to start again as they…
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Mortgages for the over 70's
I have two properties with a combined value of circa £600k but an outstanding mortgage (on interest only basis) of circa £50k. My current mortgage supplier wants the mortgage to be fully paid by the time I am 70. To do this I would have to sell one property which is something I do not want to do. What are my other options?
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Mortgage Help & Advice needed
Sorry if this is in the wrong area, but we are unsure where to put our story that we need your help with. My wife signed a seperation order five years ago with her previous partner of 10 years, this was in relation to the properties they used to own. It is a legally drawn up document stating that her name would be removed…
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overpayment on fixed mortgage- cant reduce mortgage term
took out a fixed mortgage with post office few months back and tried to make a overpayment today. was told the only option i have is to reduce my monthly outgiongs rather than reducing the term.:mad: i was told that during the fixed term this is my only option. after fixted term ending in 5 years i can choose between the…
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how to prepare for remortgage
i have a flat that i bought by myself for 113k in 2008 (50% shared ownership). the current balance owed is around 79k. i now have a partner, both working, and we are looking to move to a house in a few years time, which in this area is about 250k for a two bed terrace. I want to prepare for applying for a bigger mortgage…
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First Mortgage help in Northern Ireland
Hi, this is my first post, so please be gentle. As the title states, I am trying to get my first house. A little information about me... I am married, currently renting a house and in full-time employment. I have a bad credit history due to be made redundant a few years back. My wife is originally from Thailand and has a…
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Mortgage For A Young Couple !
Hi there Let me first say that this is my first post so if i have made this thread in the wrong area I'm sorry. Me & my fiance went to see if we could get a mortgage from our bank and were told that because it was our first mortgage they were only willing to let us borrow up to £55,000 which we would need to pay back over…
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3 or 5 years?
Hi, I have found two very suitable 80% LTV mortgages for me. 3 year fixed 3.99% £499 fees - The Woolwich 5 year fixed 4.49% feels slightly less - Nationwide I think 5 years, what would you guys go with?! :j
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So confused - FTB mortgages!
We are first time buyers with a £17000 deposit (we could stretch to £20000 if that would make a difference to the deal we might get). We have made an offer on a house and expect to agree on around £110000 - 112000. Joint income approx. £23000 per year (one of us is recently self-employed so actual income is higher than…
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How to get a mortgage
Hi Guys N Girls, Looking for some knowledgeable advice and feedback. Mission, should I choose to accept (or a good broker)...is to get myself a place in London, bottom end of ambition is a studio flat for around 160k. Its not urgent, so more a case of knowing how best to work myself into a position of when I’m ready to…
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Gambling affect Mortgage Application?
I know variations of this thread are littered on these forums and I have ready pretty much all of them but still a bit confused and wanted to throw my situation out there. Basically I'm 23 and I have gambled thousands (not sure exactly how much) but since i started my first job end of 2010 probably lost 10-15 grand or…
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Stamp duty - is this allowed?
Hi guys We are looking to buy a property and have seen one that we like. We would like to make an offer for 265,000. As stamp duty increases beyond 250,000 I was wondering if we could offer 250,000 for the house and 15,000 for the fittings (eg carpets, curtains, fitted appliances) to avoid the extra stamp duty. Has anyone…
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HSBC's Decision in Principle?
In prep for our home purchase next summer, OH and I visited HSBC this weekend and went through the whole first buyer process, confirmed how much we can borrow and also got a decision in principle, valid for 3 months. The manager advised us beforehand a 'soft' credit search will be done for this. I asked how valid the DIP…
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Overpayments
Hi Guys Paperwork is buried deep in the garage somewhere so thought I would ask you knowledgeable folk. Mortgage with Halifax, we are allowed to pay up to 10% of value overpayments per year penalty free, generally speaking, when making overpayments, is it 10% of current mortgage value or original amount and is it per…
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Should we remortgage?
Hi guys... Thought I would ask a few questions on here before going to see a financial advisor. We have 1 year left on our fixed rate 6.19% £825 p.m. Mortgage. I just received our yearly mortgage statement and I am wondering if anyone thinks it would be worth remortgaging to a svr with same/diff lender. We have approx 15%…
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Can sum1 point us in the right direction...
Hi all, My wife and I are looking to buy our first home. The property value / purchase price is £125,000. We have a deposit of £31.250.. Giving us a LTV of 75%... Ou heads are spinning on which mortgage deal to choose?!! Can anyone suggest any good deals out there we should be looking at / staying away from.... We are in…
