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Leeds Building Society Down Valuation
Hi, I applied for a 75% LTV mortgage with Leeds BS. I'm applying for a 137k mortgage, on the application i estimate the property to be worth 190k so 72% LTV. They valued the property at 180k so 76% LTV meaning they will only lend me 135K in order to meet 75% LTV. It means I either find 2k myself, find another lender or ask…
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Mortgage application Requests
Hi, Leeds Building society have sent me a list of items they require in order to process my application, they include the two items below, I need some guidance on how to respond. 1) Provide proof of funds available to pay my loan of £10,673 2) Provide an exisiting tenancy agreement for my buy to let property On 1) the loan…
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Remortgaging the repossessed flat i bought
Hi everyone, I bought a repossessed flat 2 years ago at a far lower price than what other flats have been bought for in the area. The valuation was done by the lender and they valued it at the same price as the price I bought it for. I am now wanting to re mortgage and try and get a better loan to value ratio. I had 10%…
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Two Mortgage Applications a Bad Idea?
I currently live and work abroad but am looking to buy a property in the UK. I work for a UK company but anyone who is in a slightly unusual position, such as me, seems to find it hard to get a mortgage these days. I have a broker who has done some work and thinks that it is possible that he has found me a sypathetic…
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Major problem with property I'm letting out (advice needed)
Hi, I lived in a one bedroom flat with my wife and our daughter. About 6 years ago we got an offer to buy a 3 bed house from a friend for what at the time was a good price. As I still had 6 months on my mortgage and a lot to pay to get out of it a mortgage adviser told us to keep it and pay interest only for 6 months then…
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Odds on getting a mortgage
[FONT=Tahoma, sans-serif]Before going public (mortgage brokers) with my requests I thought some opinions from you all may at least give me a heads-up as to what might happen / or not.[/FONT] [FONT=Tahoma, sans-serif]a. Male aged 57 / technically unemployed but I use 'retired' following redundancy [/FONT] [FONT=Tahoma,…
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Mortgage for non uk residents
Hi there, my parents are looking to buy a small 2bedroom in Uk and can afford up to 50% deposit, my dad is retired and my mum will retire in 10 yrs. their bank in Italy have offered them a mortgage based on a 6.5% interest rate, which is quite steep considering that the Bce rate is at0.75% I believe. Can they get a…
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Mortage Advisor - does this !!! up?
Does this add up? Had an offer on Thursday for my flat for the full asking price, now the Esate Agent put me on to their mortgage expert who reckons I can get a mortgage for 5 times my salary (around 150k....I earn 30k (or 35k with overtime). I have about 40k equity in my flat. He worked out that it would roughly be about…
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Mortage shortfall - pay monthly or offer settlement?
I had a mortage with Halifax, due to moving in with my partner (we are married) sold the house but due to negative equity i was left with about £8k shortfall. For the last 12 months i paid £150/month leaving the current balance at around £6.2k. Halifax have sent me a re-assesment form to see if my current payment is…
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Buy-to-let mortgage without permanent job?
I would greatly appreciate some advice on this matter. I am a trainee solicitor. This means I am employed full-time on a salary and spend 5 days per week in the office, just like any other job (i.e., I'm not going into uni each week). A trainee solicitor completes a 2 year training contract. After this period the law firm…
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Deed store halifax
I have my deeds in the Halifax deed store, they required me to put £125 in my mortgage account to cover the storage fees. I have had these deeds in the store for eleven years now. and would like to know if my friends information is correct. He says that all deeds are now all held digitally by the Land Registry and the…
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Any mathamaticians out there re mortgage?
Is there a way i could work out how much my morgage payment will be come September? I'm about to finish a fixed rate of 6.24% and going down to 0.5% How would i work out rough payment on the new rate? Thanks :)
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Horrible credit, 40% deposit low wage.. Best way to get a mortgage?
Hi, My credit rating is worse than i can be and however its all very manageable and will only have 1k left by Christmas. I have 2 ccj's which will be cleared soon and after this id like to look at getting a mortgage. The problem is im self employed and maybe do 9k a year. Im ok to make a 40% deposit on a 110k property as i…
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advice
Hi all. We will be moving home in the next few weeks. We have a mortgage with the Halifax and have just received some paperwork from our solicitor. In the said paperwork is a paragraph, Occupation, which states that if there are any adults living at the property who are not on the mortgage itself, they will have to sign an…
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Job/Mortgage Advice
I've posted here before that boyfriend and I have been looking to buy somewhere since the beginning of the year. We still haven't found anywhere of interest and in our price range, but I'll admit we haven't really focused on the search recently. Anyway, I currently work part-time in a permanent position, however, I have…
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Buy to let mortgage possible?
We've had our house on the market and it's not selling and are thinking of renting it out. We bought it for 85k in 2006 and our current mortgage is 77k. We've had it on the market at 89k and now it's on for 79k. We've got about 20k of savings (intended deposit for next house). I don't have a problem selling it for less…
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Nationwide rant
After both being with nationwide for 10 years plus, we decided to get our mortgage with them aswell (FTB). Both earn 23k, myself on a permanent contract, my gf on a 2 year fixed contract, (and likely to be given a perm job afterwards as part of a graduate scheme). Got an AIP fine, the nice mortgage man in the Nationwide…
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Legal & moving fees
Hi everyone, new to the forums although always try and keep an eye on the site for offers! Me and my girlfriend (+ 1 child) are looking in to getting a mortgage. We are nearly there with a 10% deposit for a house of around £100k (will have £10,500 saved by the end of this month) but obviously we are now looking at how much…
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Current Acc whilst Mortgage in process????
Hi all, I have recently received news of my mortgage application being approved, the valuation is happening today and we are set to exchange next Friday:j. I want to apply for a Halifax Reward Current Account and see that there intro offer ends around the 15th of July, therefore my question is - will this application…
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Deposit / Letting Advice
Good morning all, I'm loking for some advice from you wise people here regarding how best to orgnise my current finances, I'll try to keep it brief. I'm currently two repayments from completing my current mortgage on my first property valued at approximately £90,000. My current mortage is an offset with a rate of…
