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Gifted deposit
Hi, i was wondering, does it matter where gifted deposits come from ?i was gifted part of my deposit from a family friend. Is this likely to cause problems? Would they prefer it from an immediate family member? Thanks Ollie
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Buyers Mortgage Valuation
Hope this makes sense but here goes... Our buyers have applied for their mortgage and the mortgage company's surveyor came out to value our house today. Obviously we have already agreed a sale price with the buyer which happened to be under the asking price but what we were happy to accept. My question is if the mortgage…
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surrendering an endownment
* I took out an endownmnet in jan 93 to pay off a mortgage, however I no longer have the mortgage and kept the endownment on as a saving tool and for life insurance cover. However I am now not sure if I should continue with it as I need to raise some capital for an extension. The endownment is due to complete in jan 2018…
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Mis-Sold Mortgages?
Hi there, I'm a newbie, so i'm sorry if this is in the wrong place!! I've just seen on Gladstone Brookes that they are doing claims for mis-sold mortgages. I can't seem to find any information on the MSE website about these claims though. I would like to see if i am eligable, but don't want to pay someone else for the…
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First Direct Mortgage rates - must be missing something
I always believed that the APR on mortgage rates differed from the 'gross' rate due to the fees being included. First Direct currently have a 65% LTV life time tracker where the gross rate is 3.49% and the APR is 3.6%. However this is a 'fee free' mortgage, so I'm not sure where the 0.11% difference is from. I'm sure I…
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Interest only Mortgage NRAM
Has anyone gone through the financial hardship team with NRAM and been successful in getting a Interest Only Mortgage I'm going through the ropes now and it's been nearly 3 weeks and I've still heard nothing but in the mean time they still expect me to pay my full mortgage and i'm on income support with a 2 year old not…
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Natwest: Do not fully pay off your mortgage (Leave £100)
(Background - but a little off topic) I recently paid off my mortgage by doing a large overpayment on a 0% credit card (NatWest 0% for 18 months). I was on an SVR, with a remaining term of < 18 months, so it seemed like a no brainer, and they don't charge a fee to do this. (Anyway, to get to the point): I repaid my…
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Do I need to use a mortgage broker?
Hi, I'm a first time buyer in my 30s, have been living with parents while saving a deposit, and am wondering if I need to use a mortgage broker or whether I'm OK finding the best deal for myself? Salary £25,000, looking for a house £100,000-110,000, have at least a 25% deposit from savings (plus about a 10K buffer), no…
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good equity, bad credit, selfemployed, can i remortgage?
im trying to sort my finances out and reduce my outgoings. I need to pay off a secured loan and a repayment plan for some credit cards which come to £26000. I have a mortgage of £92000 and have just had a valuation for my property that is £275000.also im self employed. my current lender has said because of my bad credit…
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Halifax Mortgage exit fees - please help
Good evening We are about to sell our house I have £96,000. was selling the house pay off mortgage i owe and live with inlaws to save some money and my fixed rate runs out in January 2014 I took this fixed rate out 5 years ago ( 5.75) now i have had a letter saying they are going to charge my £2,600 exit fee because I have…
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Halifax fist time buyers - Mortgage promise
Hi Was wondering if anyone would be kind enough to help me/us? Me and my fiancee are both first time buyers and heave recently been given a mortgage promise from Halifax saying all we needed to provide for the mortgage application is 1 wage slip! is this good?? (we both bank with Halifax and work for the nhs). We then…
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Remortgage
2 years ago i put down a deposit of 20k on an 86k house. I have a repayment mortgage over 30 years, i think the rate is around 3.5 - 4% fixed for 2 years (2months left) paying £300 a month. I have credit card debts of £3000, £2000 over draft and £7000 loan. I would like to pay off my loan and maybe some more of my debt. I…
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Being pushed into buying high rate 4.39 % Mortgage rate through EA 3.99 % direct
Hi everyone, I am buying a house for 180k, this house had two buyers for the same price, the EA offered me if i get mortgage (and solicitors too) through them they will sell the house to me, i agreed but when i went to see the Mortgage advisor he was offering me higher rates than what i was getting from the bank directly.…
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Mortgage Offer recieved change property
Hi All, Had a survey done on a property and within 5 days recieved the mortgage offer from the bank. I have since changed my mind on the property and went for a new property as it ticks all the boxes. It is valued at 20k more than the original one but this is within the maximum loan amount the bank is willing to lend me.…
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Can I afford a mortgage/life on my own?
Hi everyone, Just looking for some advice really. Bit of background, I am nearly 30 now, recently single after a relationship that I thought was forever but he thought was a good way to save himself some money. We were living together with one of this friends so obvs couldn't stay there when he broke up with me and so am…
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To fix or not to fix???
My deal on my mortgage is coming to an end in December this year. I currently have a fixed rate of 4.29%. The new offers that the bank is offering is 5.59% which equates to an increase in mortgage of £220.00 per month. This is obviously a huge increase for me as things are already very tight. (my ex stopped paying child…
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Divorce - Joint Mortgage
Ex-husband and I are now divorced but still problems with matrimonial property. I have a joint mortgage with ex-husband worth £90,000. Our property has been on the market to be sold and priced at £99,950 since July 2011. The two estate agents managing the sale of our property has recommended to reduce the selling price to…
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Baffled by difference in mortage offers
Hi everyone, I just wondered if anyone could shed some light on a large difference in mortgage offers within the same year. I went to see a financial adviser in January about the possibilty of borrowing around £150,000 to buy a 400,000 house as the wife and I have a £250,000 deposit. The financial adviser came back a few…
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mortgage equity
Hi I paid off my mortgage last year, as my husband had a private pension which paid out enough for us to be able to do this. Our problem now is that we want to take some of the equity out of the house so that we can pay off a few bills, and have some money in our bank account for a rainy day,but we are coming up against a…
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1st time buyer from council
Shortly I will be able to buy my council house, under the new regualtions I get 35% discount. The house is worth around £85,000 which means the price I have to pay is about £53,000 If I apply for a mortgage do I need to supply a deposit as there is such a large difference between the house valuation and the amount for the…
