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Debt Management Plan and Mortgages
Good afternoon I dont know if anyone can possibly advise. My mother is disabled and transferred her property to us two years ago, having got into a lot of debt. We took out a mortgage and cleared her debt but as we were in the process of moving, put a percentage of our borrowing onto her property to keep the loan to value…
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What sort of accountant can certify accounts??
Hello everyone, I was wondering if you could help me. Ive applied for a mortgage but the lender has come back saying that the accountants certification isnt acceptable, because they have only passed the exams but haven't completed the ACCA’s practical experience requirements. They now wont except the certified accounts,…
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What's the point of a mortgage broker?
Okay my title with a little flippant, I'm sure brokers are good if you have no idea what sort of mortgage you want. I want a fixed mortgage over 5 years I can quite easily compare the big players and see the best rates. Do they have access to better rates than what the general public have? Mark
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How do we do up a property and live in another?
So, a property in our favoured road has come up and it needs extensive work, which we are very excited about (have done almost as much before). We won't be able to live in the house whilst this is happening (to be honest, wouldn't want to live in house now - it's a very sad story of an old man). Rough calculations…
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Am I entitled to a valuation refund?
OK, so this is a bit of a complicated story. I went to my bank and asked for a mortgage. They effectively said no problem, credit checks were fine so I paid my money for a valuation. The next day, they tell me that I couldn't have this mortgage so they withdrew their offer and gave me a refund of all the fees I paid. Fair…
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Mortgage Offer and further credit checks
I've had my mortgage offer since mid December and are due to exchange contracts within a couple of weeks. My OH and I have decided to combine our finances, so we thought about adding him to my HSBC Advance account to create a joint account. Will HSBC credit check either of us and if so does anyone know if it will be a soft…
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Remortgage - 5 year fixed or life BR+2.04%?
Hi, I am currently remortgaging my property and I am hesitating between two products: The first product is a 5 year fixed rate of 2.95% and a fee of £695 with Accord Mortgage The second product is a LIFE rate of Base Rate + 2.04 with HSBC Additional info: It is 60% LTV I also wonder whether to take it over 15 year of 20…
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Nationwide Mortgage Application What are your thoughts?
Hello peeps Hope you all can give me your opinion to ease my stress :) Our offer on a house have just been accepted and is currently going through application with a broker who recommended Nationwide because of there rates, our status are as follow: Salary - Myself £32500 my wife £32500 Occupation: company directors…
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Dazed and Confused
Hiya, sorry to be such a dunce, but really could do with some help from someone who understands mortgages. I have three questions 1. We took out our mortgage (which they now say isn't a mortgage but a secured loan if you speak to one person, but a mortgage if you speak to another) in November 2006 - have noticed that a…
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How strict is LTV on mortgage deals?
Hi, I plan to move my residential mortgage to buy to let when my current deal expires in the next couple of months. There is a good rate available with my current lender up to 75% loan to value. When my current deal expires my loan to value will be 75.377%. Am I likely to qualify for it or will the 0.377% mean I can't get…
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Overpaying a mortgage
I have a mortgage which is part repayment and part interest only split a third and two thirds respectively. I can overpay 20% of my monbthly repayement with no penalty. I want to reduce the asmount of the overall mortgage when I need to remortgage in 5 years time. Is it best to target the overpayment to the repayment part…
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saving to buy a house
Here's a way to do it. It wouldn't have suited me but it might suit some. http://blogs.telegraph.co.uk/finance/ianmcowie/100022349/house-prices-can-build-tax-free-income-and-gains-in-new-pensions-and-isas/
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Deciding whether to pay early redemption fees to remortgage
Hi all. We're on a 4.99% fixed with three and a bit years to run. Early redemption charges step down each year, in a few months with three years to go they would be 4% of the original balance, so approx £9k (after that they are 3% and 2%) Doing some rough calculations, it seems that paying the redemption charges is not a…
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random mortgage audit
A little info needed, we were told last week our mortgage was offered subject to valuation, valuation took place monday, were told yesterday morning valuation was satisfactory. However, i phoned bank this morning and was told offer was being processed, phoned again just now and have been told it was pulled for random…
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Redemption Question
We have been overpaying our mortgage slowly until this month when the amount we owe is finally under £500. I therefore wrote to Nationwide asking them how much to redeem the mortgage. Today I have had a letter giving the amount to reduce the balance to £1. I have been told there will be no additional amounts to pay on this…
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Remortgage - stay or go...? Advice please!
My mortgage is due for renewal - I'm currently with First Direct who have a fixed rate for 5 years at 3.69%. Nationwide have the same 5 year fixed rate for 3.19% with a £99 booking fee. I've been very happy with FD but over the 5 years would cost me about £600 extra. What are peoples opinions - do I pay a little more with…
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Mortgage advice, two properties.
We have a 1 bed flat currently valued around £65K, owned outright, which is now in the process of being rented out, we expect to get around £375/mth after management fees. We would like to purchase a house, valued somewhere around £200K. Joint income is £50K and we have £20K savings. I understand if the Let property is…
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Mortgage advice on buying a house with equity
Hi we have the chance of buyer our council house that as been valued at 150.000 for the price of £88.500, when I spoke to Barclays they said that there were lenders that would use the equity as a deposit but she did not know which ones they are. Does anyone know of any ? Thank you in advance
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Online HSBC Mortgage Appliction
How easy is it to apply for a HSBC mortgage online, can anyone briefly explain the process. I have no experience in this area as i normally deal with a broker. Thanks,
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Mortgage income/expenditure
I have just completed 25 years of an endowment mortgage started in 1987. Unfortunately, the endowment hasn't paid the whole amount. I still have about 8k to pay. I am on benefits and DLA. In theory Santander are happy to start a new mortgage for the remainder and the DWP will carry on covering the interest. Santander are…
