-
end of 2-yr fixed rate - new deal checks?
My 2-yr fixed rate with Halifax will end mid next year. Current LTV is around 80%. If I decide to stay with them, will they run affordability and credit checks if I switch to a new fix term deal? Also, how is the LTV determined at that time? Will they be using the property value that shows up in their systems? (I believe…
-
Is it possible to have 2 mortgages for a short time?
Hi My boyfriend and I have made an offer on a house. It's not been accepted yet but the seller has come back with a question about the dates. They want everything tied up ASAP but we still have a flat to sell (not on the market yet but should be next week). They want a completion date of 31 July. Not sure if we'd have our…
-
Renewal time...
Hi, not been on this part if the forum before, hopefully I'm not asking a stupid question....:) Our mortgage is up for renewal at the end the end of the month, and we've done nothing about it yet!! (Been helping with palliative care for my dad, and he passed away last week, so haven't been able to get to bank etc) So, how…
-
mortgage offer with inaccurate tax credits?
Hi, My brain is melting with this, if someone could help i'd appreciate it. We have an appointment tomorrow with the MA at halifax to finalise our mortgage application. Due to a long period of illness over 6 months from oct to mar, my self employed husband was late with his tax return. We had to employ a new agent because…
-
Santander mortgage shocker! Advice or similar experiences wanted please.
Hi, I have a Santander mortgage which started in Jul 10 on a fixed rate deal for 4 years. Early last year my partner moved in and allowed me the fortunate position of paying off a large chunk of the debt. As I did not want to pay the early repayment fees of around £4K, in discussion with a Santander representative, it was…
-
borrow on mortgage or loan?
hi ,im going to build an extension on my house. i need 15k would i be best borrowing more on my mortgage or getting a personal loan? would be happy to pay it off in 5 years and imagine putting it on mortgage would work out more expensive in long run? OR would i be able to pay off just the extra borrowed seperate to…
-
Help to Buy for directors
I run my own business with my wife, which we've been building over the last few years and this year looks like we'll actually have decent enough accounts to get a mortgage. We're private tenants having sold a house a few years back to fund the business, however the LTV for mortgages available to directors remains iffy. Our…
-
Virgin Money cancelled my mortgage offer, help!
So i went through the whole process with Virgin and they offered me a mortgage, all in writting, 3mth shelf life. Then i pulled out of house because it had retention attached and was going to take too much work to claw back retention. A week later i found a new house for £46k (mortgage offer for £43k) vendor agreed, i…
-
How would you define 'high credit score'?
I've been reading around, trying to get an understanding of credit scores etc for a mortgage application. I made an earlier post about what i am hoping to borrow. I have poured over my experian, equifax and noddle credit reports. I did have two late payments on one card, these have been cleared in the past few days by the…
-
how can i do this?
Quick facts House price (accepted offer) £370k Due to last minute hiccup my mortgage offer of £127k is now not enough, I recon I need at least £145k. Any ideas? I earn £28k the rest was a cash deposit I wanted an interest only mortgage, do I have other options? Equity release ? Part repayment? Until midday this was in the…
-
advice on mortgage app with past credit problem
hi, has anyone got advice for my partner and myself, heres the facts- My partner, soon to be hubby and i are wanting to to buy a house together, but he has past credit problems. Basically, he divorced in 2010, and was left with all marital debt, 45k, his ex wife and new partner kept the marital home, on the agreement that…
-
Teachers' Building Society?
My husband and I are currently waiting on a mortgage decision from TBS for 90% of the value of a new build. We're putting in 5% & so are the builders. Does anyone have any knowledge or experience of the company? We're going for a 2 year discounted rate at 0.5% below their SVR which is currently 4.99%. It seems they're a…
-
deciphering a valuation report???
in the section ESSENTIAL REPAIRS, it says: total estimated cost of essential repairs: £ WHOLE ADVANCE. what does whole advance mean??? also , for what purpose is the insurance reinstatement value put on the valuation report???
-
Gifting deposit to OH - possible / issues?
Just wondering about the potential issues of helping my OH wit the deposit for a potential mortgage. We intend to live together, however as I am a student I will not be involved in the mortgage at all. However I do have savings which I wish to contribute towards the deposit, he has a past default so in addition to seeking…
-
Mortgage Application Help - Default on Credit File
I want to start applying for a mortgage, but I have one default on my credit file of £34. This was due to me moving house and missing the demand for payment letters. I resolved this which is clearly stated on my credit file of the circumstances. I have been informed that i may struggle, is there any lenders out there that…
-
Should I pay off my mortgage or get an offset mortgage
Hi, I've recently come into some money which is more than enough to pay off my mortgage. I did a fixed rate for 10 years at 5.9% and still have 5 left so will have to pay £12k to get out of it. But I owe approx. £135k as off today so will save that in interest. I was talking to someone about this and they said they would…
-
Mortgage offer accepted next step
I'm happy to say I had my mortgage offer accepted today from nationwide. Didn't take too long and went through an advisor. What exactly is the next step? I've been told they will be informing the solicitor/conveyancer.
-
mortage for putting two flats back to one house
Hi there, I am a first time buyer.I have 12% deposit. house price is £90K.a four bed Victorian terrace that is currently converted to two flats and registered as such.The structure appears untouched with the internals to make two flats simply stud walls & internal doors.The property still only has one front door & one rear…
-
Mortgage offer received for too much
Hi all, I finally received the mortgage offer in writing today-yay! When I first applied for the mortgage, it was based on the price I was paying for the house, however we have since got the house reduced by £5000 which my mortgage broker lady knew and told Halifax. We have since received the mortgage offer based on the…
-
Legal Standing on Mortgage Transfer
Hello, Not sure if I a posting in the correct forum. Bare with me if not. We have a mortgage house where over the time, the mortgage has been in the name of different sibling. Before I moved out, it was in my name and I paid towards it. When I moved out, the house was re-mortgaged in my brothers name and he with my sisters…
