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Mortgage Arrangemtn Fee Question?
Hi, I have a question regarding mortgage arrangement fees. Say the fee is £995 and i add it to the loan. The mortgage is a fixed rate for 5 years and the term of the mortgage is say 25 years. I assume they add the 995 to the total balance payable over the 25 year period. But what happens when the 5 year fixed period is up…
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Newbury Building Society
Hi, Applying for a mortgage on shared ownership, through a broker and he has stated this should be our preferred lender. He is whole of market etc, and everything seems fine. Has anyone had any dealing with them? Just interested to know what they are like.
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Britannia mortgage for tenement in Scotland
Hello, Trying to get a mortgage from Britannia for purchase of a traditional tenement flat in Edinburgh. I've previously had a Britannia mortgage for an Edinburgh flat, although it was a warehouse conversion rather than an older tenement. The person I spoke to in their call centre was adamant that the property had to have…
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No communication after offer
Hi all, This is my first time posting and first time house buying too so please excuse my ignorance! We made an offer on a property in Yorkshire on Monday (the bank holiday) and I still haven't heard anything. When I placed the offer the EA told me that they would call the vendor but the office was only open until 2pm so…
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Mortgage question
I've got a repayment mortgage with HBOS and just wondered if I went to the bank and said, "I'd like to increase my mortgage term in order to reduce my monthly repayment amount". Is that something that you can do? I'm not in any financial difficulty, i just wondered if you could do that? Cheers
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Help to Buy with Default???
Hi everyone, especially you brokers:) Quick question, Do the help to buy lenders consider people with defaults? More info if needed. 4 y/o satisfied default for £700. We should have about £30k equity in our current home with about £10k debt to pay off. We earn £60k between us and would hope to get a house between 200 and…
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Credit Card Debt and Mortgage Application
Hoping that somebody knows about this - we are looking to buy our first flat together, it will be a joint purchase so I think both names need to be on the mortgage. I am now self employed and will only be able to give a years accounts and in any case do not have a regular income due to the nature of my business, so the…
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mortgage repayment query
hi i have been making some overpayments when i can on my mortgage which is only 1 year into 25 year term. I was browsing the net and found following quote from a website. "If you have a repayment mortgage, remember to make sure your overpayments are going towards paying off your overall balance, not just the interest. If…
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Buy to Let Mortgage - salary shortfall
Hello Does anyone know of a mortgage lender that offers buy-to-let mortgages but is flexible regarding the level of applicants salary? Property value is £100,000 approx, deposit saved is £25,000. But lenders seem to require an applicant to have a salary of £25,000 pa (Or £30,000 pa for joint applicants). This is a real…
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1st Time Buyer (in 2014) advice
Hello, my wife and I are starting to think about buying a house. It'll be our first house purchase, having rented previously. We're targeting half 1, 2014 - I know it's a little way away still, but trying to make sure we're planning ahead a bit. We hope to also utilize the new scheme set to launch next year. My salary is…
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Halifax mortgage
Hi everyone, Me & my partner went though a broker to get our mortgage, as I have a default on my file from a few years ago (mobile phone). She potentially can get us a good rate with Halifax fixed for 2 years. We got the agreement in principle and our offer accepted on our flat :) we have 20% deposit and earn more thane…
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Halifax Valuation
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New Buy Mortgage
Hello, I'm interested in the new buy mortgage deal but really haven't been able to get to grips with what it entails and what I'll be paying back. I'm going through a divorce am 41 and have 2 kids living with me and looking to buy at around the £300k mark (would love it to be less but in the SE that's as good as it gets)!…
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Woolwich "New Computer System"
Ok - the woes continue! Our mortgage "promise" expires on Monday, five weeks ago our solicitor sent paperwork to the Woolwich via L&C to re-value the house hope to buy (reduced not increased value). Didn't hear anything until yesterday, other than "it's in a queue". Yesterday, apparently the whole mortgage application…
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repossession house advice
hi some advise would be greatly appreciated my partner and i are buying a new home its a repossession property, we paid for an in depth survey which flagged lots of damp probs, poss elec problems and suspect gas heaters and need for central heating system etc and valued house at £110,000 we were in a bidding war and had…
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Credit file, old repossesion and mortgage
Hi all I hope someone can help? I had a house repossesed back in 2008, and had a shortfall of £50k, but never heard anything regarding paying it back. Yet they were kept up to date with my addresses. Was going through a divorce then also. Anyway, i am now looking at getting a mortgage to buy again with my new partner. I…
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Another help to buy
Hi, does anyone know of the chances of getting a mortgage with the following lenders on the help to buy equity scheme: Halifax Woolwich These are the only 2 currently participating, my circumstances are: 3 years 4 months uk electoral history-previously worked abroad, uk born. 3 years 4 months uk bank history with o/d 2…
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Mortgage on my ex-wife's house
Good evening all, I have done a quick search and found answers to questions similar in vein to my own, but not quite exactly the information I'm after so I apologise if this thread seems familiar. My ex-wife and I first separated 4 1/2 years ago, which resulted in an eventual divorce and me passing on the house to her in…
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Re-Mortgages with defaults - current likelyhood
Hi, I'm looking for advice and any personal experience of re-mortgaging with defaults. I have around 13k in outstanding debts with 7 defaults which I'm paying back via payplan debt management. I'm in a very secure job with a decent wage. My mortgage currently stands at £70,500 with a perfect payment history. My home is…
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Mortgage Broker Fees
Hi, I know this has probably been asked and answered a million times on here - but I thought I would put your brains to good use once again. We are arranging a Let to Buy mortgage so its not really straightforward but I wondered if a 1% fee was acceptable to ask of us. The independent advisor would also take commission…
