-
10 percent deposit V 20 percent
Could do with some experience and knowledge on this. Is it better to stretch and pay a bigger deposit versus say having an extra 10K in the bank? So we pay 10 percent and pay £450 a month, we put 20% down and pay £360 a month But we have 10K in savings in the bank? What are the pros/cons of this. I would prefer to stretch…
-
Mortgage aip help
Went to see a mortgage advisor with my boyfriend with a view to move home and him get a mortgage based on his salary alone. (He is a Current Halifax mortgage customer for nearly 3 year) Unfortunately his basic salary 22k wasn't enough for the 125k we would potentially need. The advisor suggest to add me to the process as…
-
will the housing Benefit pay a mortgage or the interest on a mortgage?
Hello i have just split with my ex hes left me and my 2 children in a mortgage house, its s joint mortgage does anybody know if i can get any help to pay it as i am not working?
-
mortgage deposit
I am on benefits as my husband and I have seperated. He is trying to buy a property and has asked for my assitance financially to come up with the deposit. He was informed that the solicitors will require to se proof of the deposit. My worry is how will this affect me
-
Mortgage application process - Natwest
I posted last week. We applied for a mortgage through Natwest (its the only Bank the accepted my PhD bursary as an income so its our only chance!!). We applied over the phone on Wednesday, and we send them our ids and payslips etc on Thursday. We called today just to make sure that they have received all the paperwork and…
-
mortgage/secured loan
Hello, I am new to this so please be kind. I am seeking help or advice on a situation I find myself in. I inherited the house from my parents that I already lived in. In order to pay the death duties I took a mortgage with Nat West for the maximum they would lend me 6 years ago which was £177,000, I originally requested…
-
New Job and ftb
Hi all, just a quickie- we have a Save to Buy account with Nationwide, does anybody know how they feel about new jobs? ie do they not like you to be in a probation period? do they always want 3 months payslips? It's DH who has the new job, earning 37k to my 18.5k and our budget is 130k. i've looked on their intermediaries…
-
Advice re new mortgage before sold
Hello, I was wondering if someone could help me with the following, sorry if it reads wrong I’m not too sure how to put it. We’ve decided to sell our mortgage free 3 bed semi and upsize to a 4 bed detached (in England), we’re hoping to get about £130k for our house but have a bit of work to do before putting it on the…
-
Anyone used Mortgage Taylors Ltd?
Hi there, We are looking to apply for a mortgage, and have opted to use a broker due to a bit of an iffy credit history.. I entered some details online and a few minutes later got a call from this company. He seemed to think that there would be mortgages available for me at as low as 3.99% even given my history, and I…
-
Previous overdraft use implications on mortgage application
After a week my girlfriend and I finally received out AIP from ING after being with the underwriter for over a week. We have now gone to the full application stage and I'm worried about the fact that in my last three bank statements I have gone overdrawn every month from between £50 - £250 before I have been paid. This is…
-
Have a perm job offer - Can i apply for mortage?
I work in the NHS and have been on a temporary contract for over a year. I now have a permenant job offer also within the NHS but working for a different trust, it means relocating and I would like to apply for a mortgage to buy a house close to my new job. The NHS counts this all as continuous service even though I have…
-
Mortgage and/or Housing Benefit?
Does anyone know whether an application for Housing/Council Tax Benefit can affect our application for a Mortgage (First Time Buyer) in a negative way?
-
Nationwide Flexible Mortgage
Hi guys Am looking at remortgaging to nationwide and went in to see their mortgage man on Sat. He told me they have now removed the draw-back facility from any new mortgage, which means you can no longer get your overpayment pot back as a lump sum, payment holidays only are allowed. Only applies to new mortgages and people…
-
Mis-Sold Life Insurance with Mortgage
Hi all, Hoping someone can help point me in the right direction with this query. In brief, my wife and I took out a mortgage with Accord Mortgages approx 7 years ago. We were told that a condition of the "mortgage offer" was that we take out life insurance with Zurich, naturally keen to get into our first home we obliged.…
-
Mortgage: 25yrs vs. 35 yrs? (FTB)
I visited a mortgage advisor on Saturday ("Mortgage Advice Bureau") as I'm planning on buying my first property in the very near future and wanted to get all my ducks in a row before putting in any offers. The mortgage advisor was really pushing me to apply for a 35 year mortgage rather than a 25 year mortgage. To be…
-
In Protected Trust Deed and want to hand keys to flat back to lender
My circumstances are that my wife and I are in a protected trust deed due to severe financial difficulties. We have a family home but when I moved in with her I left the flat in my home town empty. I managed to let it out and but four months ago our tenant moved out and we made an arrangement with C&G for a reduced monthly…
-
Mortgage advice for novice
Hi Apologies if my post is in the wrong place. I am a first time buyer and will be buying my home in London with a 10% deposit. My query really surrounds what happens when I move house in 4-5 years time with regards to the mortgage at that stage. Hopefully my property will have gone up in value but I am a bit unclear as to…
-
Mortgage fees and reapplying
Hello all, We recently had a seller pull out on us close to signing contracts. The mortgage offer was valid for 6 months at which point we would need to reapply if we have not found a property. I know this is mainly down to another credit check. But id like to know about fees involved. We paid the standard non-refundable…
-
Offset mortgage deal ending any advice?
We took the 5 year fixed offset First Direct mortgage at 4.99% in MArch 2008, so we are due to drop to the 3.69 svr shortly. We currently pay the mortgage like a repayment and we originally took 83,000 for 23 years and have brought the balance down to 63,000 in 5 years. property is worth approx 155,000. I have heard that…
-
Friends Provident endowment
Can any one tell me if Friends Provident have released their bonus figures for last year yet? It is normally around the first week in February but I have not seen anything. Reason I wish to know is I am trying to calculate how much the endowment we sold a few years ago would be worth had we held on to it as it would be…
