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Just got a Mortgage, do I really need all the extras
I've just got back from Nationwide, and now have my first mortgage approved. As I expected they tried to sell me lots of other stuff as well, some made a lot of sense, some less so. House Insurance - Apparently I don't need this, I'm buying 50% of a flat and the ground rent should cover this they didn't recommend this…
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What insurance do I need to get
Hi We have recently had a mortgage application accepted and we are now thinking about what insurance we need need to take out. We are both teachers and have 6 months months full pay 6 months half pay to cover us for sickness and accidents. We are know that we definitely need building insurance but what else? Cheers
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Need help with mortgage interest rate calculator
Evening folks, I would appreciate a bit of help from anyone with understanding how the mortgage overpayment calculator works. I have tired to use the calculator on the MSE forum found at http://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator#result but the figurs the calculator provides is different to…
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Avoiding withdrawal of mortgage offer.
I am in the process of buying a house for myself, my partner and her two boys. Our large deposit is mostly made up of equity in her house, and hence I feel an enormous responsibility on many levels not to screw up. Recently, a number of arrears have appeared on my credit file as a result of late payments to a student…
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Shared Equity Issue
Hi everyone, first post here so be gentle. I've searched and read quite a few posts which have similar issues but my situation is a little unusual. I have an apartment that was bought through a shared equity scheme with Bellway Homes. Bellway have a second charge on the property and its not a loan as such and I don't have…
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Will other banks follow Bank of Ireland??
I'm in no way an expert but am very worried to hear that BOI are raising the rates of their trackers that supposedly track the BOE base rate. I have a similar product purchased in April 2008 with The Woolwich and wondered if BOI decision to do this will open the floodgates for others to follow? Is there a particular reason…
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Will my credit history stop me getting a mortgage
Hi there, looking for some advice... im 25 years old and have a somewhat jaded credit history/rating, it is on the rise and all my debt is practically paid off, i have about £500 outstanding. i earn good money and in the past six months have shrunk my debt from £4000 to the a fore mentioned £500. i do however have 3…
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Solicitor Problems - Advice Please?
Hi All So my process was going very well up until two weeks ago...... My solictor did a fantastic job getting everything done in about 3 weeks and all that was left was sending a couple of simple enquiries to the vendor solictor. That was where the problem started..... It's been over two weeks with no reply. Last week I…
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Apologies, another mortgage question!
Hi all, me again! We have had confirmation that our Mortgage Valuation has been booked for this week. What does that mean in terms of getting our Mortgage approved? Are we close? Would they arrange the valuation if they weren't going to approve our mortgage based on our desposit / credit report etc? Does this mean that our…
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Property on death
Hi I am just curious as to what the position would be if: Married, House is under one name on the deed, Mortgage is in joint names, The spouse, whose property the name is under, dies and leaves a will leaving the house or a major share (e.g. 90%) to another What interest would the other spouse have in the property? Before…
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Move to repayment or seek an investment fund?
Hi Hoping someone can help me out with a little advice. Here's the situation I'm in. 1. I have a £145,000 mortgage with Santander, which has 15 years left and is interest only. 2. Some years ago I cashed in my endowment policy for the mortgage, as I was unable to work for some time due to having CFS/ME and needed income in…
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Moving house and porting mortgage
Hi all, I'm hoping that someone can offer me some advice. I'm looking to move house in the near-ish future and am just a bit clueless on porting my mortgage from my current property to the new one. I guess I should start with the facts below... Current property Bought at £187,000 with a 10% deposit Remaining balance of…
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Question about house ownership and mortgage.
Hello, hoping someone can set me straight on this matter. I am a married, stay at home mum to a toddler and it does not make financial sense for me to work until he gets free childcare at age 3. We want to buy a house but according to online mortgage calculators because I am not working they will not lend us enough money…
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raise money on remortgage or loan?
Hi all firstly my info Current mortgage info Amount outstanding £109500 = 18yrs 6 mts Current rate 2.99% ending 01/05/13 then svr 4.9% Property value £190000 LTV = APROX 57% On offer from bank yokshire bank 2yr fr 2.59% 3yr fr 2.89% 5yr fr 3.19% All at 60% LTV I want to raise £15000 which will put me over 60%LTV so 2yr fr…
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Mortgage cover mis-sold?
Hi-I wondered whether anybody can help with regards to mortgage cover that I feel was missold to me a number of years ago. When my husband and I bought our first house, we were advised to take critical illness cover incase we ever had any time off work. I remember at the time clarifying that this was not terminal illness…
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Mortgage With 770 Credit Score
Hello I will be looking to take out a mortgage based on the following circumstances: Income 21000 Loan 3000 o.s repayment 85 Credit Card o.s balance - 1300 - to be repaid in full before mortgage. Purchase Price 70000 Deposit 10000 Current Bank Halifax Credit Score 770 I will be looking at taking the mortgage around October…
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Mortgages where we can rent a room to lodger & this helps with affordability?
We are looking at a property where we would be renting out 2 of the bedrooms to a lodger. Does anyone know if any mortgage companies still take this into account for income/affordability when lending?
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Creidt Report help
Hello there, Quick question (please move to another thread if needed). I have a credit report in my married name, was wondering if it automatically links to my maiden name as I have tried registering again in my maiden name and it says I already have an account. This is with Creidt Expert. Am I assuming right that the link…
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Woolwich - back to the Underwriter
I have posted about this before but after a sleepless weekend am at my wits end!!! After a "mix up" (for "mix up" read God almighty !!!! up!!!) our solicitor discovered at the last minute (despite being told back in October) that there is an Overage on the land attached to the property we are trying very hard to buy. After…
