-
Mortgage and Current Accounts
Hello, I am looking at mortgage providers and scouring the market for best rates etc. However, from friends and colleagues I have heard that certain bank branches stipulate you must primarily bank with the provider in order to draw down the mortgage. Has anybody else encountered this and is this legal? May be codswallop…
-
Cash or equity for deposit on new house?
Hi, I'm looking for some advice on selling our house, buying another house, and being sensible with our money (i.e. make savings!). We have a mortgage on our current house. We paid a 20% deposit when we purchased it three years ago and I expect we have increased its value fairly significantly through renovation. When we…
-
Nationwide is doing my head in
I am so annoyed with Nationwide right now. We put an offer onto a house in april and got a mortgage offer through within two weeks. All was fine, till we decided to pull out of the property. We sold our house and moved in with family. We soon found house number 2, which will be our forever home. We put an offer on house nr…
-
Applying for mortgage after opening joint account
Hi, We have just received various bit of paperwork to apply for a mortgage. They are asking for bank details in order to potentially setup direct debit if successful. Me and my partner want a joint bank account for mortgage payments etc. We are thinking of applying for the joint account now and supplying mortgage company…
-
Adding the wife to the Mortgage
I was just wondering how i'd go about adding my wifes name to the mortgage? What fees would I have to pay and other such details, searches etc. Thanks in advance.
-
Poor credit mortgage
Has anyone on here used a ''poor credit'' mortgage supplier or is use of a broker best. Thanks
-
Negative equity - how to get out and sell?
I'm not up to date with the housing market so don't know what the climate is... I have a 1 bedroom flat. I bought at the height of the market (just before recession) on a 100% mortgage for £150,000. This was approximately 4.5 years ago. I have had the flat on the market for 2.5 years now price at £145,000. I've had one…
-
why is a mortgage such a normal thing?
the impression i get is that a mortgage is an acceptable debt, whereas other debts are not. why is this? i have a mortgage, but looking back i think i would have been better off just saving money and buying a property outright once i had enough. the amount i am paying a month in interest vs capital repayment is crazy! so i…
-
Refused mortgage due to payslips not matching bank statements
After taking 6 weeks to process our application - in itself an annoyance due to the amount of times Abbey kept coming back asking for more stuff - Abbey have rejected our application based on an absurdly stupid admin discrepancy. My girlfriend's payslips and her bank statements don't match up. The difference is about 10p…
-
Natwest mortgage referred, please help!
I'm new to this so please bare with me. We are selling our flat, SSTC, and have had an offer accepted on a house we would like. We are porting our existing mortgage across as we are on a 2yr fixed and have 10 months left, rather than early repayment. We had everything agreed in principle but on phoning up last night to get…
-
Renegotiating mortgage - can I put down another deposit, and will I be 'revetted'?
Hey guys I think the last time I posted on here was asking advice about getting a mortgage and then how to reduce its term as quickly as possible. Everyone was really helpful and I ended up putting down 25% on a mortgage from YBS and getting a 3.4% fixed for three years. Having read that first paragraph, you might be…
-
Mortgage declined HELP
Ok, long story and I will try to keep it short. We got a financial advisor to see if we could get a mortgage on our council home. We have been offered to buy it for £40000, it was valued at £95000. Now the bad stuff. Credit files. Both of us scored on the high end of fair. My file being all fine, no arrears, debts, late…
-
Halifax/Scottish Widows Mortgages Life Insurance - Compulsory?
I bought my first house 11 months ago from the halifax, fixed rate, 15% deposit and so far everything has been great. My only concern is that at the time of applying for my mortgage the halifax salesman (I refuse to call them 'advisors') informed me that life and critical illness insurance was complusory in order for them…
-
can you port to a lower mortgage?
Hi, I am currently with Nram and have an outstanding balance of £144,000, I bought the house for £172,000 and lived here for 5 years, I am currently on "Interest only" and have been so for the last 4 years, each year I have to prove my income and my out-goings to ensure I can stay on "Interest only" Today I had to give the…
-
Mortgage for supply teacher?
Anyone know where I can get a 'moving house' mortgage joint with a supply teacher - I'm having trouble as they are classed as temporary workers - any tips for me please? Broker has told me that NOBODY will touch this. Thanks, Liz
-
Mortgage requred
Hi my circumstances are these I earn a good wage at approc 45k, my partner earns approx 12k per annum. She has almost a non-existent credit profile as she has never borrowed money in her life. I used to have a poor one, on experian it went as low as 300 but now its fair and getting better when one institution finally pulls…
-
Sale of hhouse - keep mortgage
Hi, I am going through a sale of my property. However, I will not be buying again until next year. Is it possible that I can pay off part of my mortgage (it's £100k). I would like to keep my existing lender on the low rate I have and was thinking of paying off say £90k and keeping on £10k. does anyone know of this is…
-
First time buyer advice needed!
High all. With an 80% LTV mortgage fixed for 5 years, I can get a rate of just under 4%. As this is my first mortgage I was hoping I could get answers to a few questions i'm struggling to find answers for. 1. I assume that at the end of the initial fixed period, one is free to shop around for another fixed deal or maybe…
-
Mortgage and buying advise
My partner and I are currently renting and my parents are looking to move nearer to us. We talked and decided to buy a house together so we could get something larger and use the money from their house sale to fund the deposit. The house is on the market with no takers and we getting desparate. We are fisrt time buyers and…
-
Loan for a mortgage deposit
Good evening Basically wife and I agreed to save for 2 years and get a large deposit for a house. 8 months in she is pregnant, and we have found the house of our dreams. Mortgage offer is ready to go, mortgage lender has agreed to portal our current mortgage at 2% which is excellent. And top up the remainder at 5ish.…
