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Interest only mortgage?
Hi all im hoping for some advice please. My partner and I are separating and will need to sell our current home. I will be renting elsewhere whilst my partner will be staying at current home for a year. we have a mortgage of 132,000 (24 years) the current house value is 161,000. we are currently on a 5.89% rate with no ERC…
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building insurance for mortgage
Hello Everyone on monday our broker will be putting in full application with santander, he told us that it shouldnt be a problem as i have already submitted sa302 etc however the AIP states that i need to have building insurance. how can i buy building insurance without owning property if they told us they need it before…
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Stalling mortgage application?
I've had a sale agreed on a maisonette on Thursday this week; I've instructed my conveyancing solicitor and the survey is all booked. I've got my mortgage in principle from Nationwide, but I want to stall my mortgage in proper until March 8th pay day. Can I do this? Can I delay for longer? I don't want to annoy the EA or…
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FTB finances and affordability
Hi My partner and I are starting the process of looking at mortgages and properties, and would welcome views from the forum on affordability and likelihood of acceptance for a mortgage. We currently rent in a 4 to 5 year old building in Liverpool City Centre which has around 300 apartments, of which around 50 remain with…
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Barclays Mortage process - adviser delaying things?
Hi All, We put in our application with Barclays / woolwich on the 8th February. On the 14th I got a text to say the valuation was booked for the following tuesday. It came back fine on the 20th February. The Bank adviser said all was fine, and so I was waiting for the offer letter - for the last few days I have been…
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Bad credit
I really want to buy a house I currently have a credit rating of 400 on Experian due to 2defaults and lots of credit searches I have stated paying my debts off these will be paid in 6 months I'm also saving for a deposit will have 12000 this time next year ... Will I be able to get a mortgage the calculators say we will…
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Mortgage advisor/broker?
FTB so don't know much! Can anyone advise what the benefits are, or how it is different to go to a mortgage broker/advisor rather than looking on the internet for mortgages? Have been looking at sites like money.co.uk and money supermarket so just wondering what I would find different mortgage wise by going to an advisor?…
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Bank statements/pay slips etc
Hi I just wondered if anyone knows when you apply for a mortgage do you have to present so many pay slips and bank accounts etc...just having a bit of a declutter and I'm not sure how many we need to keep. Actually I have online bank statements only so would this be a problem?
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My dads IO mortgage ending in 2 years
Hi, My Dad at the age of 60 bought his house under the right to buy scheme. He was given a 10 year mortgage and he is now 68 and so this mortgage has to be repaid in 2 years. The mortgage was an Interest only mortgage and so the 100k has obviously never gone down. The mortgage itself was a cash back mortgage and he used…
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Should I opt for an offset mortgage
I have a small mortgage which will be paid be next year however, I want to borrow more for home improvements. Not sure if I should got for an offset mortgage as I has savings that are nor earning much interest. any SuggsSuggs
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ING Direct - changes in T&Cs
Does anyone know of any changes in its Terms & Conditions since Barclays took them over. I'm particularly interested in any changes to its fees or interest rates. I checked their website but can't find any related info. Thanks
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More money in offset than mortgage amount
Sorry but i have a question that may sound silly (thanks for people that bother to reply with nice, helpful answer) Friend asked for advice has a mortgage offset £135,000 has a friend who wants him to keep £160,000 while he goes into rehab (6 months) anyway my friend realises he would pay no interest on mortgage but…
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Buying house from parents 4 months after paying off all debts
Hi My partner and I are trying to buy a house from my folks for the asking price of 150k. My folks are willing to either "gift" 11k off the value of the house, or if we buy for the full 150k then they will give us the 11k in cash once the sale is complete. We also have up to a further 20k for extra towards the required 20%…
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Mortgage
I am a first time buyer. Prior to seeking out a mortgage I checked my credit file via check my file and the credit seemed okay. My mortgage broker received an offer from accord but they were offering alot less than anticipated. When asked accord stated that their was something on the equifax report. To make a long story…
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C & G fix finally ending
Hi all - I've had a fixed rate since 2008 at 5.69% - due to end in June and I should move on to SVMR which is 2.5%. I'm just looking for some advice on when C & G are likely to contact me to advise of new payment (and probably try and sell me a new mortgage....) Thanks!
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buy to let mortgage or remortgage
we are buyng a property for £250,000 to let and need a mortgage of £148,000, but are wondering if we would be better remortgaging our current house as rates are generally cheaper. our house is worth in excess of 500,000 with only a 8000 mortgage remaining. only possible problem is my wife is the only one with a job…
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Self-employed mortgage
Can someone please clarify my forlorn predicament..... Been self-employed for many years and always kept accounts. Travelled and worked abroad for 3 years up until last August. Returned to work in UK but obviously have no accounts for past 3 years. Wanted to buy a little flat for 120k...........using 50k…
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Natwest refusing to extend mortgage term
Background is that I was made redundant approx. 15months ago and used the bulk of my redundancy to reduce the mortgage. Now have a 60% LTV based on last bank valuation. New job pays approx. 13k less a year so to make things slightly easier on the outgoings I asked natwest to increase the mortgage term from 17 years to 25…
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Should I sell the endowment??
Hi, Only posted once before many years ago and just wanted some advice. I have a Scot Am(PRU) Home Start endowment with profits plan that is due to mature in Feb 2018. I pay £69 a month and it was expected to return £50,000. I understand this has been under-performing and PRU's projection is for 6% growth, paying out…
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London & Country Mortgages
Hello, possible FTB here, so please be gentle.... Ive taken a first step of buying and have contact London & Country Mortgages. What are people's experiences of using them? Should I continue with them, or seek alternative advisers? thanks in advance for your replies. Migs
