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Fixed Rate Ending - Now What?
We are first time buyers and got a fixed rate mortgage for two years. That is ending soon, and I wondered what happens now? We would pay less than our fixed rate if they put us on a standard rate. Does this happen automatically, or should we be asking now? Thanks
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Ditch the loan - pre mortgage application??
Hello all - please bear with me! We're currently in the market for our first home. Between us, we have a good income of £65,000 and this will continue to rise. She has been very MSE and currently has no debt whatsoever and savings of £20k plus.. I've lived on my own so have built up a little debt - but this is well and…
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Joint Mortgage for EU citizen and NON-EEA Spouse
Hi I started an application with one of the big4 banks. I'm EU national and my wife is Non-EEA, both working with good salaries so can afford a mortgage. The adviser we met started to question my wife if she has Indefinite Leave to Remain, and I thought we were at the airport for a second, not in a bank.... He now needs to…
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HSBC Mortgage Balance Online?
Hi, Just wondering if you can view your HSBC mortgage balance online? I'm currently with RBS and find it a pain that I can't, but remortgaging to HSBC and wondering if I can? I hold no other accounts with HSBC, if that makes a difference. Thanks
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Mortgage vs Student Loan
Hi, I was wondering if anyone knew whether student loans affect mortgage applications. I am thinking of applying for a mortgage with my partner in the near future and have around a 20% deposit saved for the types of house we are looking for. However, I am self employed, and have had my company for 3 1/2 years. As a back up…
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Standard Life Endowment - policy Sold Direct - miss sold?
Hi, I have two Standard Life policies that are due to mature in May 2013. They were sold directly to me by a former acquaintance, who worked for Standard Life, with no advice. He has now left the company. With the Mortgage Promise in mind, what do you think my chances are of claiming that these policies were miss sold? And…
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adding partner to mortgage
i have just completed a remortgage with nationwide (5 year fix) and wanted to know if anyone knows how much they will charge to get my partners name added to it? will it be a remortgage - as i assumed (maybe wrongly) that they could just add her name after i had completed for a fixed fee. the reason i ask is she has bad…
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When in August are HSBC making the change to allow other solicitors to act
As the post says i cant find any info apart from its in August as to when HSBC are removing their requirement to use one of their panel solicitors. I currently have an AIP with yorkshire BS but can get an even better rate with no fees with HSBC. I can get my conveyancing done for free (i own a law firm who are on the CQS…
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Please Help - Mortgage Query
Good day all, First time poster, long time lurker. I have been saving with my partner for the past 4/5 years for a deposit on a house. We are almost there now and were planning on booking an appointment with a broker next month. I have just checked my credit report today and noticed that Virgin Media have registered a…
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Solicitor doing searches???
When a solicitor carries out searches when they are in the process of doing the legal paperwork, what do they mean when they have to carry out searches? Does anyone know??
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Which banks lend the most to people who earn commissi
Hello, Looking at mortgages at the moment and I'm trying to find the banks that take into account 100% of my commission from my salary as some only cover my basic and 50% of my commission. I earn about 60% of my salary from commission so some banks are tricky! Anyone help with this? Thanks!
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Mortgage advice for couple who have split
Hi Everyone, Not sure if this is ok to post in here please advise if not. Just after some advice on an issue a friend of mine is having. They recently split from their long term partner (Not Married). They had bought a house together a while ago and now they have split the other partner has moved out of the house and is…
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Shared Mortgage
Morning All, I have a quick query I am hoping I can get some advice on. Me and my partner are looking at getting o nthe property ladder but have a few issues with gaining a full Mortgage. Our details I earn a little over 20K officially at the moment as my pay is also increased with a possible job promotion and current OOH…
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Remortgaging for less than existing mortgage
Hi, I'm in the process of remortgaging. The amount I've requested to borrow is less than the outstainding balance with my current lender (I have a substantial amount of savings which I am planning on using to cover the difference). My question is how will this work in practice? When the mortgage completes, will I then get…
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Mortgage beyond pension age?
Hi, Wondering how potential lenders might view our situation. First time buyers aged 38 and 53. I have probably at least 25 years of working life left, but my other half only has maybe 15 at most. He has no pension to look forward to other than state pension (if it still exists by then!). Incomes £32k/£28k. Is there any…
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Any lenders offering excess of 3x joint salary?
Hi. Does anyone know of any lenders that in some cases are prepared to stretch to beyond 3x combined salaries for a mortgage? Our info: First time buyers, married, 1 graduate Deposit so far: £15K fee savings:£3K Salary 1: £23K. Last 2 P60s: £25K+ (Age 30) Salary 2: £22K (Age 28) Both PAYE, with companies for 10 years / 5…
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Mortgage credit check
My partner applied for a FTB mortgage today with Yorkshire Bank 95% ltv we will hear tomorrow if it went through ok. If it did will any further credit checks be done? He wants to consolidate some debt but doesn't want to apply and jeopardise the mortgage application. Once there has been a decision n principal are any…
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Asset rich income poor..
Evening, A difficult question which I need some help with please. What would be the best route to go down for raising capital for someone who is asset rich and income relatively poor. Situation is, a property worth circa £750k plus a seperate stable yard/land worth £200k. The £750k has a £250k mortgage but the yard is debt…
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naming on mortgage question
Hello, I have been reading through a few posts on here and wanted to try to clarify something. Is it illegal when getting a mortgage to only apply in one name when two people will be paying it and living there? From what I have read lenders are not keen on it, but is it actually some kind of offence? Thank you.
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Very quick HSBC question
Remortgaged with HSBC - apparantly this is completed because my halifax doesn't show a mortgage balance and they have sent a letter. However, no DD has been set up yet, they indicate 1st payment on 1st of month, no valuation and bizarely it appears no credit checks. I don't have telephone access via HSBC (not yet set up)…
