-
how do lenders calculate the capital and interest on monthly payments?
I've been looking for re-mortgage deals on a fixed repayment. During my search I've got lots of key fact information from lenders which show monthly payments. On these repayment mortgages how do lenders calculate the capital and interest on monthly payments? Thanks
-
Spec me a mortgage
Hello All, It seems like rocket science to find a mortgage comparison site that shows the arrangement/booking fees upfront. They all seem to say £0 booking fee then when you read the small print it says £1999 arrangement fee :mad: Here is my details I'm out of my lock-in period. My house was recently valued at £250K and I…
-
Sourcing deposit - dodgy?
Greetings all, Does this method of sourcing a deposit for a mortgage sound dodgy/illegal? * Employer lends my parent money via beneficial loan, repayable on death. (Is this possible?) * Parent gifts me the money. * I take 4 year pay cut, effectively paying back loan. * Employer writes off loan to parent. I am aware of the…
-
Post Graduate Student Mortgage
Hi, My daughter (a post graduate student) would like to buy the flat she is currently renting from her older sister. Her older sister wants to sell the flat, so is looking to do a deal that will suit both of them. It is a two bedroom flat, with the second bedroom rented out on a causal basis. (no contract) If she draws up…
-
Mortgage providers that allow Borrow Back?
Hi Im looking for a mortgage that allows over payments and borrow back. Can anyone please recommend a good place to start? Most of the offset products seem quite high rates, and i'm looking for 85% LTV. Cheers
-
Blemain finance - who are they?
I have just received a letter addressed to both my husband and myself from blemain finance stating that we have made an overpayment and asking for our bank details to refund us. Having taken account of various scams over the last few years we were instantly suspicious as we have never, to our knowledge, used this company.…
-
Reclaiming mis-sold bank approved house survey
With our current mortgage provider a requirement was to have a survey completed. We had arranged for an independent to do this however the Halifax told us it had to be one of their approved surveyors. Unfortunately they cost twice as much and do a half .as in depth survey as the independent. Is this a form of mis-selling…
-
Northern Rock - I'm one of those statistics .....
Hey guys, Long story short - Me and the wife took the leap of buying our first house in 2007. And yes, we fell for the 125% mortgage from Northern Rock (advised to us by The Mortgage Selector) Mortgage/loan repayments where £980 per month. A lot, but whilst both working, fine. Pregnancy - illness - partner can't work -…
-
redundancy, property sold, new mortgage query
Hi there, This is my first time posting here, many thanks in advance for any insights/advice anyone can offer please. I've recently sold my property and will make a good profit (approx. £35-40K, after the usual deductions). Missives concluded last week. I'm being made redundant next month, but will receive a good payout…
-
Splitting with husband and I cant afford Mortgage
Hi Sorry if something similar has allready been posted before just wanted some advice. My husband is leaving me and I cant afford the Mortgage on my own, we are in arrears with the Mortgage allready. He is going to move out and live with a friend until he gets himself sorted and has left everything for me to sort (just…
-
Exchanged today
We have exchanged today - thank god feels so good! Just hoping nothing now can go wrong, this website has been a huge help but also made me panic about a few things that i hadnt even thought could happen (like the lender withdrawing mortgage offer AFTER exchange). Just arranged home insurance and panicking as I chose the…
-
Buy-to-Let (Low salary)
Hi, Have just confirmed with HSBC that I do not qualify for a buy to let mortgage with them and that it is unlikely that my permission to let will be extended in the summer for a 4th year. I have had my mortgage with them since early 2009 when I lived in the property. I do not have a high enough salary to qualify for many…
-
Shocking: changing the mortgage rate after the survey paid for!!!
Can they get away with this? I have a Decision with the earlier advertised lower rate on it. Survey sorted now but the rate has now gone up! Seems appalling?
-
2 Defaults and 1 CCJ- Mortgage Options?
Hi there, first time poster so go easy on me! I'm currently looking to buy a new home. I have bad credit due to me being wayward when I was a student. I have 1 CCJ to the tune of £1800. This has been satisfied. It is currently 3 years 9 months old. My 1st default (not settled) for £205 and it's 5 years 4 months old. The…
-
Remortgage Advice
Hi everyone, our initial mortgage term is due to expire next year, I know its way too early to do anything yet but just wanted to ask what the best practice is for remortgaging, how far ahead of our first term expiring should we be making applications with other providers. Having never done this before, I am a little…
-
Mortages and Completion
Hi all, Hopefully I'm about to complete in the next few weeks. Woo. I was wondering what final checks would need to be done with reagrds to the mortgage. Will they re credit check me, is it a hard search? Is there anything else that they may require? Documents etc? Its with NatWest. Thanks! Lo
-
Guarantor on mortgage, need proof
A friend of mine was guarantor on a mortgage in 1986 and the mort was paid off in 2006, would there be any way of getting proof of this? He doesn't have any paperwork from 1986 and has not contacted the mort comp yet (but will do) - or would it show up on something like Equifax? Seems strange that even when someone does…
-
Changing from endowment to repayment.
We are going to have a shortfall of about £20,000 on our endowment when it finishes in 10 years. Does anyone know if it is possible to change some of your endowment morgage to repayment?
-
what date to pay mortgage payments?
I've noticed on mortgage applications they ask for: What date would you prefer to pay your mortgage? (between 1st and 28th) * I'm applying for a fixed rate mortgage. Does the date that i choose to pay my mortgage montly (between 1st and 28th)increase or decrease my mortgage payments?
-
COOP Mortgauge
I have had a coop mortgage since June, I have asked for permission to let have had to move 300 miles to get a job and have been refused. It it typical to be refused? when you have a genuine reason for moving have supplied wage certificates?
