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Remortgaging advice please.
Hi all, Looking for some advice please: I currently have a fixed term mortgage with Santander which i'm tied into until Jan 2014. Outstanding balance is 115K at 3.49% 21yrs 11 months remaining term. Property is worth 250K minimum. I want to increase this to 140K but Santander say the only way they can do it is to set me up…
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House valuation for re-mortgage
Hi My first mortgage which is a 2 year fixed 3.99% 85% LTV mortgage with Britannia is coming to an end in the next few months which will revert to 4.74% SVR. I have started to shop around to see what kind of deals are out there and I should be able to get an 80% mortgage if I overpay a little before leaving the current…
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First time buyer ?
Hi My partner and I are going to see a mortgage advisor tomorrow. Just wondering what my buying status is. I owned a property with an ex partner between Dec 2002-March 2006. It no longer shows on my credit file. Am I a first time buyer again now?
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Banks offering mortgage to buy property in India
Hi, Does anyone know any UK Bank/Building Society that offers mortgage to buy a property in India? Thanks.
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Newbie here - mortgage advice please!!!
Hi - I've been trying to get some genuinely informal mortgage advice but without much success. Was hoping someone on here might be able to help me. I have a property in London NW3 worth about 400k - deposit 90k, just been paying interest-only so far. Want my elderly mother to live with us (me, wife, one child so far) which…
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Mortgages Stats
Hi Everyone, Since i have not come across this on this forum, i thought it will be useful to start a thread on statistics on mortgages. So to start off with does anyone have any stats on the following: 1) What percentage of applications get declined before valuation is complete? 2) What percentage of mortgages get declined…
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Additional Secured & Unsecured loans
My question is I am able to pay off secured or unsecured loans off my mortgage. I have 3 loans ( 2 secured = £16000 and 1 unsecured loan =£8500) added to my mortgage, all with a term of 19 years. I am unable to remortgage as my mortgage borrowing is almost 100% I overpay on my mortgage but the amount taken off the loans is…
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Scottish widows advice
Hi I was hoping someone could give me some advice, me and my wife are looking to move house and we have about 300k in equity and earn about 93k between us, we would be looking to borrow about another 250k. My problem is my credit rating, my score is 774 and I have a couple of missed payments on credit cards from about a…
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Second Time Buyer
Hi all, Have been reading MSE for many years, but this is the first time I've participated in the forums. Hope some of you can help with our situation, or point us in the direction of some good threads where similar has been discussed. We starting to look around for our next house, with a view to buying around Easter next…
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A&L Mortgage
Hi Could someone give me a gentle shove in the right direction. My parents want me to look into an old Alliance and Leicester Morgtgage they use to have. I have no details of anything, (account number, when they held it, when they redeemed it). Where would I be able to find this information out? Thanks for any help given :D
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Mortgages & Unsecured Debt
Help/advice please following a nasty experience; For years we've been following Martin's advice and stoozing and tarting and changing energy co's and what-have-you. PPI all reclaimed and saved loads - all very successful so far. Yesterday we had a meeting with a mortgage adviser about remortgaging - our current offer runs…
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Broker or Direct with First Direct
Hi all, I know there are lots of posts on here about whether to go direct or go through a broker but I was hoping to get some advice about my own situation I have met with a broker and he has told me the best rates for a 90% mortgage are 5.69% with Santander. I am a First Direct customer and on their site they have 90%…
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Mis-sold Mortgage
I have an interest only mortgage with nothing in place to repay the capital and have been told by a reclaims company that I should not have been sold this mortgage in the first place and can reclaim "loads of money". I am worried about pursuing this as I still have 12 years to run on the mortgage, am in financial…
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FTB - 5 Year Fix
Hi guys, I have had an offer accepted, and I think I have chosen Natwest's 5 Year FTB 5 year fix which is currently at 4.79%, no fees except for valuation, and I should be applying tomorrow. I am just wanting to double check that no one has come across any better rates than this? I have been with a mortgage broker who is…
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unlocking extra equity...
Could someone advise on the following ways to unlock extra equity from a house. Two scenarios: A: A person applies to unlock equity for a deposit for BTL investment. Am I right in thinking some lenders factor in the total borrowing of both properties whilst others ignore it if the rental covers 125% of the btl mortgage? B.…
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Deal about to end!
So my deal for my mortgage is about to end. The new deals that the bank is offering me is lot more than my current repayment by almost £200.00 - which I just cant afford. I chatted the bank and that was the best that they could offer me. I cant change mortgages due my salary and xH is on mortgage in name only, title deeds…
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Way forward
I posted yesterday but perhaps wasn't as clear as I should have been. My Nationwide mortgage is up for renewal in November after five years of a thirty year deal. My mortgage currently stands at £72,000, with my house valued at £115000. , Hopefully, there will be no issue with getting a favourable rate for my re-mortgage…
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Planning permission from landowner for remortgage?
We are currently trying to remortage our house, which we have owned for 2 years. The building society we are looking to switch to has asked us for evidence that we have permission from the landowners (we are leasehold) for an extension which was built over 30 years ago. We were not asked for this with our first mortgage.…
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checking credit rating during mortgage application
I'm in the middle of a mortgage application ( valuation been done). Would it affect me negatively if I did a quick experia credit check meanwhile? Thats all Thanks raf
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Bad Credit Mortgage following divorce - any mortgage brokers in?
Hi All I am need of advice on what to do in a sticky situation. Long story short - getting a divorce, house is in joint names, £130k mortgage, bought for £170k but now only worth about £135k due to the property slump. Due to excessive spending on both sides, we managed to rack up around 50k in unsecured debt through a…
