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Tenants in common mortgage
Hi, I’ve been a long time ‘lurker’ in the forums but thoughtI should take the plunge and seek a little advice before embarking on a movewith my partner. We are currently looking to buy a house for c£400k. My otherhalf has sold her property and has cash for her half. I will be selling my flatand will contribute the same…
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FTB - Please advice
Hi, I am an FTB and had recently accessed my credit file on Experian and Equifax. Bit disappointment with the report from Experian. The scores are good 950 on experian and 470 on equifax. I currently have 2 credit cards (from last 5 years), which are paid in full each month through DD. I recently did my final payments on a…
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Mortgage application- payslip address
Hi Apologies if this has been asked previously- I did try checking as many threads as I could with no success! I'm not sure if I am being overly cautious/pessimistic, but my question is- how important will it be to my potential mortgage provider (HSBC) that my payslips show my previous address? I have had a decision in…
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Mortgage Valuation Advice
Hi Everyone In need of a bit of advice as i'm pulling my hair out here. Got mortgage approved on a house subject to valuation (credit checks etc all fine). Solicitors are involved and draft contracts have come through. Got an email from Nationwide on Monday saying their has been something flagged up on the valuation - they…
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Interest Rate Formula?
Hi guys What is the Interest rate formula of this sample below?, Mortgage. 250,000Term: 30Total interest paid: $285,340.18compound: semi annually What is the interest rate? Thank you very much in advanced.
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Interest only mortgages
Are there any mortgage providers out there that allow int only mortgages with no repayment vehicle ? Ie is potential inheritance or downsizing a reasonable method or not? E.g £500k house £100k mort - very low income now but plans to downsize to £300k property in 5 years.
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remortgaging and bad credit history
I think I know the answer to this but in case there's a miracle out there I thought someone here would know! This is the short version.... we have a mortgage on our current property but are looking to remortgage. We were in the middle of extended our house when the recession hit, my husband had hardly any work and…
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Remortgage - this is a good deal?
Hi, My mortgage is due to expire with Santander in April - been with for 3 years and on 5.99% fix at £825 per month I borrowed 138 and i have 132 outstanding. I think a fair valuation of my property is 170,000 (being conservative) I have quickly put some details into £ comparison site and its found what i think a good deal…
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Proof of deposit for mortgage
I've been asked by my mortgage adviser to provide proof of deposit. Problem is it's split over 4 or 5 accounts. Do I need to put it all together? Can I print off the internet or does it have to be a real statement? Costs £5 to print a statement off with Halifax. I'm also told my solicitor will ask for the same nearer the…
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Possible remortgage with Nationwide - seeking general advice.
I'd like to seek some general advice from those who are familiar with Nationwide mortgages and the way they approve them. Right now I have a Britannia repayment Mortgage whose current value is £90k with 14 years to run. The fixed deal ran out two years ago. I want to get that mortgage onto another fixed deal to take…
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Shared ownership with housing association
Hello all, We have enquired about a shared ownership property with a housing association recently and received positive feedback. We await an appointment with their mortgage advisor. The house is £130,000, and we are looking at a 25% share, which is £32500. We have £7500 to put down as a deposit, so the mortgage is…
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Wiggling out Early Repayment Charge
Hi ING is transferring their mortgage book to Barclays, I'm not a big fan of Barclays and recently closed down all my accounts with them. I'm reluctant to have my mortgage transferred to them and was wondering if there are any grounds/legal rights for me to request a remortgage to another company before the transfer is…
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Church coversion and mortgage
I am looking at buying a flat which is parrt of a church conversion. Stupid question as far as getting a mortgage would it fall under the new build category? I have heard new builds need 20% deposit is this trrue and would it pertain to a conversion as well.
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Parents Remortgage
Just a thought... I bet my wife and Is parents who are mortgage free could remortgage 100K at half the rate we will get a 100k at huh.... Bit unfair to ask them to do that though, even if we make it worth their while.
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Deposit Ethics
Any sympathy for the deposit saving crew? My wife and I are saving virtually double what our monthly mortgage repayment is likely to be in order to buy a bigger house. Its frustrating but I can appreciate why deposits are necessary. Its a pitty Llyods couldnt sit the wife and I down and say, Ive looked at your accounts,…
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Born again FTB
We are poised to list and sell our first home although our original deposit has been lost to house prices tumbling. I think we will either make or lose 1 or 2K so we have been saving a new deposit to basically start again from square one. I just wondered if we get better deals as existing customers. Or do FTBs get better…
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mortgage help needed
Hi. I'm new to this so I hope not to ramble too much. After struggling with debt for quite a few years we took the drastic step of downsizing and selling our property and using the equity to clear our debts and buy a property outright.We had our previous mortgage with GE money and paid this without fail every month. We…
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Declined for interest only - any idea why?
I applied for a interest only mortgage with HSBC, met their LTV and repayment vehical critera, thought it had been approved, but the mortgage underwriter has just declined me. Any clues to why? House value is: £420k Outstanding balance: £294k Debt £10k car loan £12k credit card £3.5k overdraft Income: £130k a year salary,…
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Mortgage Agreed!!! Very Very Happy
We have been accepted for a mortgage today - valuation instructed This is seriously the happiest day of my life!!!
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Shared Ownership (Staircasing)
Can someone please explain this to me in basic details please?! Me and my oh moved in to a new build two bed in 2008 and purchased 50%. In that time we have managed to pay the mortgage and due mainly to advice on this site, overpaid it (around £20k in that 4 years). We have just received a letter to say the rent is going…
