-
Mortgage Shortfall in Practice
Hello, I am looking for some advice on mortgage shortfall and how this works in practice. For example, if Lloyds is the lender then must they give permission in advance of accepting a 'short' offer on our home, and do we need to have proof of shortfall funds in place prior to the sale? Would we, in effect, be better off…
-
Removing name from mortgage
Hello all second post so not quite a newbie. Looking for some information and help with the following please. I took out a mortgage 10 years ago with my husband. He had/has a problem with drugs so i asked him to leave about 5 years ago. We both had lots of debts. I chipped away at mine and have a few still to pay but…
-
First Active Mortgage
Hi all, In April 2013 my 5 year fixed rate with First Active comes to an end. I am currently on 5.9% How do I find out what my new rate will be and how much my m/p are likely to change by? Thank you
-
Changing mortgage prior to exchange- advice please!
We have had an offer accepted on a house and have a solicitor in the process of sorting the contracts out but nothing has yet been signed. We have a mortgage offer subject to survey which is currently being instructed. However Co-op have just released a new mortgage for people with 10% deposits at 3.99%, which is more…
-
will they withdarw the mortgage offer? - FTB very nervous
Hi all (moved from house buying) I love this site and come on here all the time, but havent posted yet. Please be kind! I need some advice, well really some reassurance I am about to exchange on my 1st home with a the aimed to complete on the 16th of November Today, I realised that Nationwide may do a final audit or check…
-
Mortgage advice/House not built yet
Hi, I'm a FTB who is looking to buy a new build home from a local Taylor Wimpey development. The home in question is not yet built but is due to be ready by 2nd quarter 2013 (probably closer to June). I have a 40% deposit, and I can easily afford the size of the mortgage this will leave me with on my salary. I have no real…
-
Borrowing more on mortgage.
Has anyone borrowed more on there halifax mortgage? We purchased our flat 6 months ago through right to buy and at the time we asked to borrow more but could only borrow the purchase price.
-
L&C brokers really poor
applied for a nationwide mortgage a few weeks ago after being recommended to by L&C anyhow not going go into details got the offer but was 2.5K under what i needed , got a phone call from L&C saying blah its short would i like to make up the 2 and half was told by L&C that i had no other options its nationwide or nothing…
-
Santander Mortgage Renewal Shocker - PLEASE HELP!
Hi all, New to the forum - would appreciate your help. In short. Me: Interest only mortgage, 5 years unblemished record, 901 (good) Experian score, under 60% LTV. Mortgage has just switched from 2.99% fixed to SVR at 4.74%. Have been offered 4 new deals the best of which is 4.59% fixed for 2 years with 3% tie in with a…
-
FTB/25% Deposit/Poor Credit Rating
So as the title says I am currently considering mortgages and getting on to the property ladder. I am currently studying but work full-time and my girlfriend is currently doing a PGCE which she will complete in June. I currently earn about 12k basic with 3-4k a year on overtime and bonus and she will hopefully get a job at…
-
Mortgage application... Experian check
Hi again, Just an update on our application to Natwest for a 75% LTV 2yr fix with a quick question please! We've been informed that they are happy with the proof of ID, addresses and gifted deposit, income etc and are now awaiting the transcript of the Home report refresh (it was two weeks out of date) and that the offer…
-
Remortgage rates up or down?
Hi, Halifax are offering me 3.53% on 75% LTV, 2 year fix with no fee. A few weeks ago it was 3.76%. Any Mortgage advisor views on whether it will go lower or higher or is it in the lap of gods? I am tempted to bite as I am a mortgage prisoner and right on the mortgage threshhold so waiting might reduce my equity level if…
-
Any advice re nram, house selling stuck !!
Ok looking for any pearls of wisdom, my house is for sale has been for 6 yrs, was valued by them at £72 k , my mortgage was £56k ... reduced the amount i wanted to £59k to see if it helps move it along. New estate agents wont even put it on , as they reckon it is now not worth even £59k.... I currently out of work, 3 kids…
-
Switching deals after mortgage offer before completion
Hi I've received a full mortgage offer from Post Office on a 5 year fix 3.59% till 09/2017 for a 207k loan couple of months ago. I'm buying a new-build which completes in Jan 2013 and still haven't exchanged yet. Today i noticed on PO website there are better rates available which works our cheaper for me. These are the…
-
Relocation and Mortgage help?
Hi - I wondered if anyone can assist me with our current dilema. My husband has started a new job that is 100 miles from our current home and has been trying to commute but it has become apparent that we need to look ot move to keep us all sane. We have found an area that we would like to live but due to timeframes…
-
Will i be declined mortgage?
My partner and i have completed a natwest mortgage application for a newbuy 95% mortgage over the phone and been excepted, im guessing this means in principle? We received the pack in the post with key facts etc and signed it and returned to a natwest branch where they certified our ID and took bank statements/payslips etc…
-
Upgrading mortgage but have Poor credit history
Hi all, Apologies if this has been brought up before but I can't fid anything similar so here we are! My wife and I have a joint mortgage and are looking at moving to a bigger house as our family is growing. Back in my student days I racked up some debts but for some reason they didn't affect my application for my first…
-
Rent out current property and move to new one?
Hi there, we are looking to move house in the future but are unsure on whether to sell our current property or keep it and rent it out. We do have an appointment with our mortgage company Nationwide next week, but thought i'd ask on here in the meantime. Current property valued at £135-138k Current mortgage - £107k Likely…
-
Tesco mortgage application help.
Hi, We have just filled out the quote form on the Tesco website for a mortgage, When reading the key facts page it says 'we are not recommending a particular mortgage for you, however based on your answers we are giving you info about this mortgage so you can make your own choice'. Does this mean that they wont lend to us?…
-
What are our mortgage chances?
Hi all, In 2007 my wife and I were forced to close our business. We sold our house and went into rented. With job opportunities being few and far between for me I defaulted on two accounts and we took out a DMP with Payplan to keep a grip on things. I subsequently went self employed in my trade and have had a steady flow…
