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First time buyers - big worry
Hi all, Okay needing some advice , My husband and and I are hoping to be first time buyers . His income 32k mine 19k we have a deposit of 20k and have seen a house at 120k . We have been pre approved by Halifax for up to 192k (after reading though it appears this is useless) The problem is we advised we have had some late…
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Halifax mortgage problems since system switch
We pay our mortgage by standing order which is our normal monthly payment and extra to overpay. The letter re the changes just told us to continue to make our payments as normal but to quote our new mortgage no on payments - it did not say that we had to amend the sort code and account no for the payment. I phoned to…
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Mortgage Charges and change of terms
In 2006 I took out a mortgage with a company called Capstone who were then taken over a couple of years later by Preffered Mortgages. I have recently had a few quite high late payment charges from Preffered that I disagree with. I phoned up the company and asked for a copy of the document that I originally signed that says…
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Have I a chance of getting a mortgage?
Hello All Just wondered if I could have a opinion on this as I have recieved conflicting advice. In 2010 I split from my wife, cut a long story short she left me in a financial mess :( and a mortgage I could not afford after trying unsuccesfully to sell the property I agreed to hand the property to the mortgage company…
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Mortgage Deposit or ISA ???
I am buying a house with a 200k downpayment and 170k mortgage. The rate with nationwide is 2.09% above base, currently 2.59%. This is available with LTV of 40% therefore I could get the same rate with less deposit and larger mortgage. My question is that I've got 30k in cash ISA. Should I include this in the 200k deposit…
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Virgin One Account - Unable to sign in online
Been unable to login all day, enter my security details and it just returns to the logon page, is anyone else able to sign in? Thanks
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Student with a mortgage - FIXED TERM ENDING
Hi I am due to start university this September and become unemployed due to the demands of a full time course and 2 children. Myself and my partner have a mortgage which has a LTV of 85%. The mortgage fixed term will end in September and although we can still afford the repayments Im wondering how this will affect the new…
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First time buyer: Foreign National
Hi All, I am a first time foreign national buyer. Currently I am on Tier 1 general visa and got 1 year 11 months of visa left. I am planning to apply for mortgage with a 10% deposit for property worth 277,000. I am applying mortgage with my wife. I already talked to two mortgage provider and according to one due to my visa…
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95% Mortgages - Scotland
Hey, My partner and I are looking into buying our first property this year. We currently have enough for a 95% mortgage on a property we love but can't seem to see that many are available in Scotland. Does anyone know of 95% mortgages that are available in Scotland. It's a '2nd hand house' so the MI Home scheme doesn't…
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Hi, Buying council property, please help
Hi Will try and condense this Our house has been valued at £69.000, we have a discount of £32.000. There are three of us buying, myself aged 59, Husband aged 55 and son who is 19 years old. All working albeit mine is part time. Can anyone please guide us. We are looking for a mortgage over 20 years but when I try to use…
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FTB mortgage application - credit check query
Hello all, My boyfriend and I got a decision in principle from Nationwide this week on one of their Save To Buy mortgages. With it being a 5% mortgage, I understand the lending criteria is extremely strict, and I've got a question regarding how good your credit score has to be to pass the full application test. The reason…
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converting a interest only to a repayment mortgage
I have a property that currently is on an interest only mortgage, the term still has three years to run. I'm thinking about the end of the term when the mortgage company will certainly want all it's investment back. How difficult is it likely to be to convert the interest only mortgage to a repayment mortgage (say) over 15…
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Mortgage bind
Hello I got a mortgage several years ago just before the slump in the market, so I paid top dollar for what now isn't, the payments are three quarters of my salary of which to date I have not missed one payment I had a 125% mortgage as I had some work done to the house and paid off a loan, now the lender was with northern…
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advice re mortgage guarantee
Hi, my ex husband covers my mortgage as a condition of our divorce agreement, but I am worried in case something was to happen to him as I would not be able to pay the mortgage on my own. Is there a policy I can take out in the event of his death, redundancy etc that would cover the payments? Thanks
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Repossession
Hi there looking for some advice please. I am four months in arrears and awaiting repossession proceedings. I initially was advised by CAB to not do a voluntary surrender as this would affect me getting a private let or council house. I have now managed to arrange housing and move in next month. I am considering contacting…
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Potential Buy Needing Work - Questions
Evening all I have today had a second viewing on a very desireable house that requires a) a lot of work (new kitchen, new bathroom, decoration) at a minimum b) I would love to extend like their immediate neighbour giving a huge footprint and creating a very desirable house. How do mortgages work in this instance? Do they…
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Fixed rate coming to end - credit check to stay with lender??
Hi there, My fixed rate is due to come to an end with RBS and I am wondering if they will do a credit check if I want to opt for a new fixed rate with them. I have a new loan which may affect how much they lend me, that I didn't have at the start of my current fixed rate. I'd rather not go to their SVR and I've heard that…
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Endowment cashing in advice
I have a Minimum Cost Plan (80) - Early Maturity from Standard Life that has been going since 24 Nov 1988 and ends 24 Nov 2013 this year. I am paying £18.57 a month which provides the life assurance and should have given £12,200 for the mortgage. Luckily I paid off the mortgage when I retired so I dont worry about…
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Remortgage completion date after usual payment date
I am remortgaging and have been given a completion date of May 2nd, with a set redemption figure. However my current mortgage direct debit is taken on the 1st of the month so I am worried an extra, unnecessary payment will be made. Should I cancel my direct debit now so the payment definitely won't be taken, or risk having…
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Variable mortgages
Why can't I apply for a mortgage at a variable rate instead of having to agree to a term, ie fixed / tracker etc ?
