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Student Loan and Mortgage - Help!
We are just about to start applying for a mortgage and boyfriend has just remembered he had a student loan. He has no idea how much the loan amount is for but says they tend to take around £10 from his pay every couple of months (so not every month!). I'm assuming we will have to declare this on our application? If so, as…
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Who will lend to me?
Hi there Looking for some advice to see if any of you guys have had a similair experience and could give me a headsup to some lenders who are lenient to employment time? Quick Summary: 21 year old male finished uni this Summer, have been in full time permanent employment for 2 months (Since September) earning 27k pa.…
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Buying as a residential then letting it out
Hello all, I currently work for a major bank and they are offering a very good interest rate, BBR to be precise, they are even offering this on a interest only basis. I am a FTB and the deal is on the basis it is for a residential property only, however, I am secretly planning to let the property as say a month or so after…
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Urgent Advice Needed: Halifax Mortgage
Hi People. Myself and my partner have recently been accepted for a mortgage with Halifax to buy my mothers/aunts house. The value is 80K but my mother has given us a 12K Gift Deposit so Halifax agreed to lend £68K. We have the offer through and all survey has been complete. This morning I received a call from my Broker…
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Does this sound right?
I asked my OH to ring up his mortgage providers to see what 'our' balance was. He has had the repayment mortgage for 4 1/2 years. They said that all the interest has been paid off and now the monthly repayment will go to clearing the balance. It's a 25 year repayment capital and interest mortgage. Does this sound right?
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1st time buyer problems
HI advice required if possible, WE had our mortgage agreed in principle but they can't confirm the offer til Jan (6 months in current job). We were not told this by the mortgage advisor and have put an offer in which has been accepted but we obviously can't complete til the new year. Do mortgage providers offer mortgages…
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Advice on my mortgage please
I am on a repayment mortgage with BoS,and pay a reasonable sum of £260 a month. Would i be able to make my payments less if I go to an Interest only mortgage??? I am not tied in just now and would be looking to sell my house in a few years time. Any advice would be great
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Changing jobs during mortgage application
Hi, My mortgage application has been approved in principle, and I am just working through all the forms etc. However, I am also going to interviews regarding a job change. This is for similar jobs - same industry, same kind of role, on at least as much money. I was not worried about this before, but have learnt that my…
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Mortgage refusal, working away from home
Had a mortgage refused today at 90%LTV because I will be working away during the week from the house that i am trying to buy. They said i could no longer have the offer which had already been approved as it would not be my main residence even though it would be used as my only property and my only registered address? I am…
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Nationwide mortgage timing surprise
Just wanted to say that I was pleasantly surprised by the turnaround of Nationwide on my recent mortgage application. Application went in on the 23/11, valuation on 26/11 and formal offer on the 28/11. I went into a branch to put the application in so having a real person you can contact helped I guess.
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Joint mortgage problem
I got a mortgage about 10 years ago and it was based on my wages so it was fine. At the time my now ex partner persuaded me to remortgage to get equity and because his salary was high they allowed us to almost take out an almost 100% remortgage, but it had to be in joint names. I've been paying the mortgage from the…
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Mortgage Broker fee Unfair????
Hi everyone, I have just come across this website after links from Leagle Begales, I have to say its been so helpful so far. I just wanted some opinions on my legal standing on a brojer fee which I am being chased for. I have recently applied for a bussiness loan to purchase a commercial property, I have applied via a…
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Maturing Endownment - Advice please.
Hi all, long time lurker, first time poster. I took out an Endownment mortgage back in 93 for 45k. Over the years I have over paid my mortgage payments, so much so that I paid off the debt early. I have continued paying into the Endownment £70/month, it will mature in 2018, and as with most endownments of that time, there…
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Getting help from parents towards deposit
Hi there. Myself and my girlfriend are buying a flat together and are getting help from our parents towards the deposit. The lender mentioned that we need to supply proof of funds/savings that we will use for the deposit (in order to prevent fraud/money laundering). If we were only using our own savings then I guess a bank…
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So much for helping people in need
Afternoon all, I have a mortgage with the halifax which has 17yrs left and a balance of £52k. My payments are £410 per month and my rate is 5.99% The tie in(5.99%), which was for 5yrs is due to end on 01/12/12. At the end of this period the banks variable rate is 3.9% saving me £50 a month straight away. I contacted them…
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First Buy loan and renting out
Hi All, Firstly, apologies if this is in the wrong place, it seemed like the most appropriate place to post this request. My partner wishes to take all the money she has saved and make it do something better for her, so she's considering buying a house. She's found out about the First Buy scheme, and it looks like a good…
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Halifax Online Mortgage Amount
I have recently started a mortgage with halifax and have it online with next to my bank accounts. The figure changes each month - goes down just after a payment is made then goes up about a week before the next payment is due. There is no more information about the mortgage on there i.e. capital repaid so far etc. Can…
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HELP! FTB advice needed!
Hi, I'm a first time buyer and on my own, looking for some advice. I have been to the Co-op Bank/Britannia, They have advised that I could possibly lend £84,000 based on a 15% deposit, but they want me to put offers in on a property then apply. I have advised them that I have a car on finance and a good credit rating, but…
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How long?
Thank you in advance for having a look! We are 1st time buyers and we have been saving to achieve a deposit of 15% on a property up to about £360k (London, gah!). As you can imagine we are trying to put ourselves in the best place to achieve the best a rate as possible (nothing overdrawn, no missed payments, good record in…
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Happy with endowment maturity value after 25 years
After a long and worrying 25 years, our endowment finally matured last month. We took it out in Nov 1987 to cover a 35k mortgage. It was a 'low-start' endowment, rising from £27 a month to £53 a month after 5 years. The saleswoman convinced us to take out an endowment rather than a repayment mortgage by showing us…
