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Lowering LTV on mortgage already offered
Hi all I was wondering if anyone can give me a view on this. We offered to buy a property 2 months ago. We got a valuation done and a mortgage agreed. 2 months later we got really fed up with the sellers doing absolutely nothing to progress the sale and as the offer was conditional to completing by September we pulled out…
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Advice on buy to let mortgage
Hi there, Bit of a complicated question but I'd like to know if anyone out there can give me some advice. Myself and 2 of my brothers would like to buy a property as Buy to Let. We've identified a suitable property valued at £220,000. One of my brothers who is not a homeowner has a £25k deposit ready. Myself and the other…
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moving home! is it possible as we are in a 80/20 mortgage
Hi. This is all very confusing to me but i will try and explain as well as i can in thehope that someone can help. We bought a new barratt home almost 2 years ago. We were first time buyers and took advantage of a 80/20 deal they were offering. By which we had a normal mortgage for 80% of the house price and a loan from…
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Employment
Myself and my partner finally found our dream house.We are first time buyers. I am in full time employment, permanent, the same is my boyfriend. The only thing is that he only started his job on 1st of June, he is not on any probation period. When I spoke with hsbc mortgage advisor she said they will need 3 last payslips.…
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Repayment of Mortgage Vs Saving
Hi All, I think this maybe covered a few times, not sure thought I'd ask the questions anyway. So I have a mortgage of 108 K left to pay - Currently sitting on 90% LTV I have saving around 15K in a ISA getting around 3% interest. Do you think it's a good idea to pay in around 10K into my mortgage? this would mean lower…
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Current House For Sale Prices
Apologies - I've just realised this is in the wrong thread - I didn't realise there was a house prices one! And now I'm not sure how to move it to the right thread - sorry! Just interested as I've been reading of a few threads today and noticed the "Value" of houses popping up, and causing a few issues, particularly at…
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Endowment - Maturity Value v Plan Value
My final endowment finishes in a couple of weeks time after 18 years. I know it's going to pay less than originally planned (I received the Red Alert letters and have made alternative provision). In fact it seems it will return less than I have paid into it :mad: However, the gripe is that my last statement in Sept 2011…
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Should I overpay on my mortgage or buy premium bonds?
Hi, I wonder if any of you who are good with figures would be kind enough to help me with an important decision. I have 15 years left on my C & G mortgage which stands at £102,000. Interest rate is 2.5% and it is on an interest only basis. I have looked in to changing to a repayment basis but the installments are fixed and…
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Halifax Appalling Treatment
I'd appreciate any shred of help with this as I'm not sure what else to do. My fianc!e has always dealt with our finances including mortgage payments but we recently (in the last 3 weeks) received the devastating news that the cancer she has has spread to her brain and now she is unable to communicate properly or remember…
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Should I surrender my Endowment Policy?
Hi, I have an Endowment Policy which matures in 4 years. The policy was to cover £40K. I've had a surrender value of £17,800. Should I sell this policy and convert the £40K to repayment? Which company would you recommend to buy my policy?
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90% of purchase price or not?
Hello, Looking to move house later this year. Almost found a buyer for ours and porting existing (with NatWest) as we are still in a fixed deal. NatWest have told us how much they will lend us and also that they will only lend up to 90% the value of the house we are buying. My question is, is that 90% the purchase price or…
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2 mortgages - advice needed
Hi, I currently have 2 mortgages with Santander for my house, came about through selling my old flat and getting an extra mortgage for the additional amount for the house I was buying. In summary House is worth £200k Mortgage 1 - Flexible @ 1.25% owing approx 102k Mortgage 2 - Variable rate @ 4.99% owing approx 52k For…
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repay or claim on ppi
Hi all. Heres the situation. I am being made redundant on the 31st august. I cant find a job yet but have enough redundancy money to pay my mortgage off. Its proper worrying me having debts and no work. Santander informs me that my ppi covers me for £600+ if im made redundant after 28 days unemployed. Could i pay all but…
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Angry with bank. Wrong advice received. £4k cost to me.
In summary we have been given wrong advice from the bank, which has led us to make a financial commitment we wouldn't have made if the advice were correct. We now have to choose between doing some somewhat essential improvements as we move in, or completely empty savings, and scrimp to cover the last bit. Since this is…
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No credit history but want to buy a house
Hello, I am new to this forum but I have been using this website and reading the forums for a few years now. I am fairly young (19) and have currently been able to build up enough savings for a 7% deposit on a house. I am starting a new job next week that will allow me to save between £490 - £550 a month for a mortgage…
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Redstone Mortgages - Advice
I would like to enquire on behalf of my parents if anyone has had any past dealings with Redstone Mortgages. They have missed two payments, which they have already discussed to Redstone why, but now they (Redstone) are getting high on their backs, now, my mum is the only member of the family in full-time employment and my…
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Mortgage approval - check my credit card statement?
Hi we are applying with FD for mortgage. I have been banking with HSBC and have a credit card with them. I have no problem of paying the balance each month, as it's set automatically paid in full. At this point of time, I want to know if FD would pull out my credit card statement from HSBC to read through all the spending…
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Lenders Criteria - Help please
Be kind this is the first time I've posted. This may be a post for the mortageg advisors on here. My Husband and I are currently attempting to buy our first house for £245,000. We have a £30,000 deposit We had an offer accepted, the valuation was done and came back as £245,000. So far so good we thought! The building…
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Closing halifax mortgage account
Hi guys I'm new with selling a property and have a very basic question. I currently have a halifax mortgage with 157K left but finished the 3 year term, now on SVR. I'm selling my flat for 200K and so i have 43K equity on it at the moment. Since Halifax interest rates are bad, i will be closing down my mortgage account and…
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Valuation Booked, Is Everything Else OK?
OK, probably a stupid question brought on by nerves but... Full application received by Skiptons on Saturday. Valuation is booked for the 22nd. Does the valuation being booked mean everything else (credit check, affordability etc) has been deemed OK? I know if they think the house is overpriced they can reject the…
