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Below Market Value?
We are first time buyers and we've only just started looking at houses. Getting a feel for areas and what we can get within our budget etc We have some money saved, enough to cover fee's etc but a full deposit is years away. We are looking at small rural areas in Scotland and I have come across a few houses that are…
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Remortgage advice Help wanted Please
post removed no replies! Thanks.
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Help Please - Repayment or Buy to Let
Hi All This is my first post, I have read the forum for a while now and would really appreciate some advice. I will be coming to the end of a 5 year fixed rate repayment mortgage soon. I bought the house in 2008 as an investment as I am in the Armed Forces and at the time my parents were looking for somewhere to live. Due…
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Help choosing a mortgage please
Hi, I would be really grateful for some help and advice. We've just had our offer accepted on a property (yay!) and we will need to borrow £350,000. The purchase price is £500,000 so it's an LTV of 70% exactly. At the moment we have a great tracker deal taken out in 2007 of + 0.75% above base rate. We like the sound of…
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First Time Buyer
Myself and my my wife made 10% deposit to buy a home using personal loan. Our salaries are good enough to pay off the loan and mortgage amount without any problem. We also checked the affordability calculator and everything looks fine. My question for you is, does the lender reject the mortgage application based on we…
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Lost payslip - Halifax mortgage proof of income
Hi! I'm currently on maternity leave and moving house. Me and my partner have been approved for a halifax mortgage, however, they require my last months payslip from before I went on maternity leave......and I have lost it!! I've contacted my place of work but as the headquarters are not where I work (I'm a nurse in a…
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Help, we need to rent
We would love some help. Someone I know has moved in with his girlfriend and for the first year his mortgage provider, Halifax gave him a year consent to lease to rent his house out. When the year was up they wouldn't extend it. Therefore, he put it up for sale. The house has been up for sale for a year and he has tried to…
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mortgage advice please
Hi was thinking of putting house up for sale september (been paying off loans /c/cards/gym/phones etc out so will have £695 p/month spare) just household monthly bills going out got about 35k-45k in my house to use as a deposit and been looking at houses around 210k which are selling for 190k-195k wife works for local…
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Repossessions 17% lower in first quarter of 2013 than 2012 reports CML
Hi Interesting read A glimmer of light on the repossessions front maybe according to the Council of Mortgage Lenders http://www.cml.org.uk/cml/media/press/3516
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How far do lenders look at address history?
Hi :) I have posted previously about late payments and how they affect mortgage applications. I have lived at my current address for 3 and a half years. The one account that has the late payments on it is still registered to my old address (having trouble getting them to switch it over as it is to be done in writing and…
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To Sell and start a new Mortgage or not?
Hi All, My wife and I currently live in a flat worth roughly £134K and have a mortgage left of roughly £130K. We're looking at selling the flat to buy a house, now not having much equity in the flat we've saved pretty hard the last few years and hopefully have 10% for a new house but should we sell our flat and temporaily…
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Is the Chelsea 2yr 1.74% OR 3yr fixed 1.99% too good to be true?
Just wanted opinions on the Chelsea 3yr 1.99% (60% ltv) and the 2yr 1.74% fixed mortgage currently available. It has a fee of some £1545 which seems a little high and think it would negate the benefit of the lower rates. I am looking to remortgage in September and juggling idea of booking this in soon against a simple…
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Guaranteed endowment payout - too good to be true?
Please can someone give me some expert advice? I bought my house in October 1989 supported by an endowment policy which I was mis-sold. I have gone through the lengthy process with my endowment provider and they have acknowledged the mis-selling and are upholding the guarantee that at maturity, the endowment will pay 100%…
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Buy-to-let mortgage. Really?
Hi, Bought and have lived in our family home for just over 7 years; now facing the prospect of having to rent it out or sell and move back with family. Surprised that when I contacted my existing mortgage provider they told me that to rent I would have to transfer to a but-to-let mortgage. I don't really think by…
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Out of hours payments
Hi, Briefly, i work in criminal law and represent people detained in police custody. I get paid approx 15k annually on top of my salary for this work out of hours. The job is an essential service, meaning the out of hours will always be available as income. My question is, will providers allow 100% towards mortgage…
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Shred Ownership / Help to buy - which option.
Hi All, My partner and I are hoping to buy a prorty this year. I have a near perfect credit history my partner has 3 missed CC payments from last year and what looks like a default. :mad:. I earn £29k my partner £23k. We have £8500 saved and are putting away £1200 a month between us. I have £750 on an interest free card I…
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Help 2 Buy / completion question
HI, Im looking for some advice me and my girlfriend are looking to get a new build with the goverments help to buy scheme. The property wont be complete till December and we have been offered a mortgage. What i wanted to know is what would happen if i lost my job before the completion of the house?? Would there be any…
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How do lenders view bonuses, commission etc.
I am looking into applying for a joint mortgage with my partner in the next six months. Within the last year we have both got new jobs. Between us, on-top of our basic pay we now receive a monthly payment from a work benefit package, monthly commission payment, and a twice yearly bonus. Nothing extraordinary, and all of it…
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Help regarding endowement policy
Hi im new on here and need help with something:- in 1997 i was sold an endowement policy to use as a type of pension as i didnt have a mortgage at the time. I still do not have a mortgage and everytime i mention i have a endowement policy (to banks and such) i always get the same confused repsonse "why do you have an…
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Reversing overpayments?
Hello, If I overpayed a mortgage by say £10k could I withdraw that £10k at any time I needed it? Or are overayments locked away once paid?
