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Letting my home - mortgage process? (Nationwide)
Hi, I've previously asked if people thought there would be an issue with letting my property/mortgage and it seems getting permission is generally ok with a little bump on interest rate. I want to ask about the process I should work this: I have a large overpayment I need to take back to be able to deposit on the next…
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17 Months remaining on 5yr fixed - feasable to change deal?
Hi, We have 17 months left to run on a 5yr fixed deal. Our rate is 6.5% and i wondered if there could be a possibility of buying out of it somehow and changing lender. We owe £134k and the house has recently been valued at £145k (what we paid for it). We have an early repayment penalty of £4k. However, when i look for the…
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Mortgage renewal
My renewal is due in june so starting to look for rates now, i understand literally nothing about it all so just want a point in the right direction, im currently with santander, so anyone got any good deals they know of ? also seen alot that ask for the value of property weve done work on it since we bought so dont know…
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Title Deeds
I was just wondering if people actually get a copy of their title deeds for confirmation after purchasing a home? I have only seen the deeds when I purchased my house when it was still in the name of the previous owner. I have never seen the updated version after the purchase went through. Theoretically is it actually…
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new build - no NHBC, just architect's cert
Hi Am viewing a 2 bed new build later today, but when I asked EA about warranty, they just said it had an Arcitect's Certificate 'because the place is too small to get a NHBC.' Does that sound right? (I'm suspicious) Property is middle one in a row of 3 new builds I think (i.e. not a new estate) I've read through a couple…
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Woolich changed their porting rules - some advice please.
Guessing you all know as apparently it happened a few months ago - Woolich used to let you port your mortgage to another property with up to a 6 month gap between completion of the sale of the old property. I found out yesterday that this is now just 30 days after I gave them a call. We have about 166k left to pay and are…
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Should I stay or should I go?
Our 5 year fixed mortgage rate of 5.63% is due to end next month with Nationwide. We are due to go onto their base mortgage rate of 2% above the Bank of England base rate i.e. 2.5%. As far as i can see this is pretty much as good as we can get but not knowing too much about the mortgage market wanted people's advice as to…
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Do I need a broker before finding a house?
Hi would really appreciate some advice from someone in the know! I had a mortgage for many years before divorcing and moving into rental for the last 6 years. I am now in a position where I want to buy again with my partner. He would be providing the deposit from the sale of his house (hopefully around 70k) and I would be…
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FTB-with debt and good deposit
Hi I am looking to buy a house on my own. I have between a 20 and 25% deposit from my parents. I want to borrow £80k and I earn £27k a year. However I have outstanding debt of 8k and a overdraft, I am working really hard to clear all this prior to completion. I have never been late or missed a payment on anything. I have…
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Bank Destroyed Mortgage Deed
I received an email from my solicitor, informing me that my bank has "Accidentally" destroyed mortgage deed. However I have only held a mortgage between 4 - 5 months. I previously received a letter from my solicitor advising me that the title for the property had been registered with the land registry. The solicitor is now…
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Is this feasible?
Wife and I are aged 30 & 28 and work in the public sector on pay scales that benefit from annual incremements. (No kids, yet). We like a house that is 200K... however our family and friends are being quite negative about the affordability... albeit I appreciate their concern. After tax monthly salary £2850 Bills, £850…
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Staff Mortgage Rate
Hi all, I have read on here that it is not worth getting a Bank Staff rate of 0.5% due to the tax you have to pay etc. Is this the opinion of most? My fixed rate runs out in August and at the moment it is 6.4% and I have been told I can fix it at this 0.5% rate but as I said I have read a few things saying it is not worth…
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Mortgage express wont extend mortgage
I am with a debt management plan. Mortgage express, ex bradford & bingley have told me that they will start court proceedings unless I pay £6700 from a mortgage which was supposed to finish last year. I still have further advances totalling £40000 which finish in 5 years, I have asked them to extend the length of the £6700…
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Mortgage Advisor West Wales
Looking for a goof mortgage advisor in west wales please could anyone recommend
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Fixed Term Coming to an End
Fairly self explanatory. My fixed term mortgage is coming to an end in the coming months. How far in advance should I start looking at new deals?
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Thoughts on mortgage rates next January
Hi, I know it's still yet to be decided but I wondered if anyone had any thoughts on what mortgage rate reductions the banks may offer with the government guarantee, purely speculative I know. I reckon I have two options: 1. Save 21k (15%) of a £140k property taking 30 months. A quick search on moneysupermarket suggests I…
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remortgaging following death
Thanks to previous advice I now know I have to remortgage the home left to me by my parents. There is around 33,000 outstanding on an excellent rate of 0.5% which I am unlikely to keep hold of with Santander. My questions is, do I pay the mortgage off first, then remortgage to get my money back? The house is still in the…
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RBS mortgage deals?
Most of the banks now have lowered their rates to below 3 percent for 5 year fixed deals, does anyone know when RBS change rates for their mortgages? i am currently with them, and i am looking at other 5 year deals, i know they have 5 year deals but why are they not competing with other banks? all these banks offer rates…
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Another question about my woolwich application
After applying two weeks ago to port my woolwich mortgage , I rang for an update on it now that I have had survey results back. The lady in the Indian call centre said it had gone to an underwriter and they are requesting my p60. Why did they not ask for this when I sent all my other documents off? I also don't trust these…
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Bank verses Estate Agent valuation?
Bit of a strange one - Why do Banks value a property less than an Estate Agent would and which one would be the correct valuation? I know a house is only worth what someone is willing to pay but, why do they do this?
