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Employee reference on letter head paper
I am hoping to move and have applied to port my mortgage, asi get paid cash I have to have a reference from my employer confirming details of my employment. It has to be on letter headed paper. We are only a small business and don't have any fancy per printed letter paper. Does letter headed simply mean it has to have…
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New Mortgage speed record! Hats off to the Post Office.
If anyone needs a fast mortgage the Post Office seems to be running on greased lightning! Sunday evening: Full application submitted, instant approval subject to underwriting and Survey. Monday: call from underwriter to check some details – letter in the post asking for documents Tuesday: Letter arrives, Valuation booked.…
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when does your credit history get checked
Ive put my application in for a mortgage :j Before my mortgage adviser sent it away he mentioned something about my credit history being fine. Does that mean hes checked my credit history already?
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mortgage overpayments penalty free - !0% of what?
Hi folks, I have a fixed rate mortgage which allows 10% overpayments each to be made each year without penalty. But 10% of what? When I phoned last month, I was told it was 10% of the balance as at 21st September 2012 (the date I took the fixed rate out) which was roughly £14, 500. When I phoned today, I was told I could…
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Endowment payout help
Hi, My mum recently passed away and it turns out that the death certificate is going to say she died from hypothermia whilst intoxicated. Is this going to effect the payout of the endowment policy? Thanks
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Picking up keys on exchange day?
Hiya, Its completion day! :j My solictor called me to say I can pick keys up from the estate agents, but rather then walk down thier and find that they didn't have them I gave them a quick call. They said they can't release them untill they have confirmation that the money is transferred or something and are waiting on a…
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Agreement in Principle
Hi All, Is there any lender that will offer the above without placing a footprint on our file? Basically, we are buying a new build so cannot apply for the mortgage yet as the house won't be ready until June and to move in, in August. It is just for our records really. Thanks
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Remortgage with a Taylor Wimpey Equity Loan
Morning All! I was a first time buyer and bought myself a new build from Taylor Wimpey on a First Time Buyer Scheme. This scheme was a 5% deposit, 15% equity loan and 80% mortgage The equity loan is 0% for 10yrs but will have to either be paid off on the 10yr mark or paid back if i sold the house I am currently on a…
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Helping my Brother to purchase Right to Buy Flat
Hello everyone, I have recently had my house valued prior to selling and was amazed when it valued up 40k more than I thought it would. This is fantastic, but as my Brother has helped me out so much in the last few years, I would now like to help him in return. My Brother has lived in his council flat since 1985 and due to…
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Mortgage application
Morning all, This is my fist post so go easy. I have had a look round but can find any information. I have applied for a mortgage to buy my first house, unfortunately just days after my application , I have lost my job (contract not renewed at end of probation period (monday this week)). I have had a couple of interviews…
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Remortgage query: Urgent
Hello fellow MSE's, I was on a 2.9% Natwest Tracker Mortgage and this deal has come to an end. I was out of the country for the last 3 months and have comeback to find letters from Natwest asking me to switch to a new deal. I missed these letters being away. However the last letter mentions I have now been switched over to…
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Nationwide Mortgage arrears statement?
Help! I've just got in from work to a Nationwide Mortgage arrears statement, and now it's gone 8pm and I can't call anyone who can help explain what it's all about, and could do with some reassurance as my partner probably won't sleep now! We pay direct debit on the 25th of each month, never missed a payment since we…
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Lloyds *##@* up
Hi all, I dont know if this is the correct place for this and I apologise if its not. I was approved a mortgage through lloyds last thursday and told the offer was being sent to me that day. Yesterday, having not received anything I emailed the lady who has been dealing with the processing saying i'd not received anything,…
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First time buyer not on great income
Hello just looking for some advice really.... I am 21 male, on around 13k plus bonuses i am looking to get a mortgage. i could get a good house around me for 60 - 65K (lancs), over the last few years its been difficult but i have managed to save up 10K (and still going) for deposit, i have never had any debts... anyone…
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Moving home with negative equity.
Hi all, Me and my wife currently own a 2 bed mid terrace with no garden with £67k left on the mortgage, our house is valued at £55k. There is a house for sale further up my road (a 3 bed semi with a huge garden) for sale at £85k. Taking in to consideration our negative equity and combined wages enabling us to lend…
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There is hope!
I just wanted to post this for all the MSE users and lurkers who, like me just a month ago, are feeling bewildered and scared of how on earth they will get a mortgage with their less than A++ credentials. My husband and I have today received a mortgage offer from a major high street lender so that we can now move from a…
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mortgage term and age
Hi My husband are I have 17 years left on our 25 year mortgage. We are 33 and 35. We are considering putting an offer in on a house we have seen but as its a much bigger mortgage we were thinking of increasing term back up to 25 years. Does this decrease our chances of application being accepted? Do mortgage lender have a…
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Parents acting as bank/Private Mortgage
Hi My in laws have been left a house in trust (to brothers and wife) and are planning on moving there, The house they currently live in is mortgage free and has no debts secured on it. They have 3 siblings my wife and two brothers, the brothers own their houses. Myself and the wife are in rented. Her parents really want to…
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totally confused...
hoping someone can advise. To cut a long story short, my partner is in the process of buying a house. I am not on the application because I had a £45 default on a mobile bill last year. Despite him having an 'excellent' credit rating the financial association (shared utility bill) meant that he was declined by 3 seperate…
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Voluntary Surrender With NRAM
Hi I am new to this site and I am after a bit of advice aboutvoluntary repossession. Basically longstory short, work has gone down my end and basically working a couple days hereand there. With the way work has been I wentfor an interview and have been offered a job in Scotland 400 miles away from myowned property. I have…
