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Trying to work out first mortgage payment and date with Nationwide
We have just moved into a house on a budget and we are trying to find out when our first mortgage payment will be and for roughly how much, nationwide say they don't know and won't know for a little while which is annoying. From what I read, the mortgage is paid in arrears on the 1st of the month after you have moved in.…
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Help to buy application needs to be approved?
So I am planning on buying a new build house under the gov's Help To Buy Scheme. I've phoned up the broker today and they said: Can someone please elaborate on what does the broker mean by this? Has the HTB application been sent off to the government department that deals with HTB applications for approval?
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Additional Borrowing Unreasonable Requirements
I have a small interest free mortgage on my house with The Coventry. I wish to borrow an additional sum and have been told that in order to do so my existing mortgage will need to be changed from an interest only to a repayment mortgage (because of the new rules requiring them to insure we can repay the existing mortgage).…
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Mortgage on Repossed Property
Has anyone tried to go through the process of buying a repossed property before? The question i have is in regard to gazumping, as after we make an offer the property will remain on the market until we complete and we run the risk of being gazumped. If someone does come in with a higher offer, we want to up the amount of…
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Mortgage Required - Missed 3 credit card payment but good credit score.
Hi All, I am looking to get a mortgage as a first time buyer. As the title suggests, I had a little bit of a family crisis back home so ended up missing a 3 credit card payments from Jan - Mar 13. I have since cleared my credit card balance and got my score back up to 952 and I have got 15-20% ready for down payment. Do…
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Help To Buy Scheme
First time buyer, and have an appointment with an IFA (within an EA branch, from what I can see - looking at the Unbiased.co.uk's website - they are definitely independent) to get a mortgage in principle. All dandy. So my ultimate goal is to use the Government's Help To Buy's scheme to help towards the house. My only…
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Getting a mortgage with late payments?
Hi I know this subject has been covered a lot on here but I was hoping to get some advice specific to my circumstances. Myself and my partner are first time buyers, we have had an offer accepted on a house. We got an agreement in principle from Natwest for 103k, we have a 75k deposit and would be looking to borrow 100k. I…
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How long would you give a buyer to instruct a survey before pulling out?
Hello all We've sold our flat (two days before our contract with our EA ran out). We offered our buyer (ftb) two weeks as a lock-out to get his survey instructed. Since then it's been one thing after another and it's now four and a half weeks since we accepted his offer and nothing is happening. I've said that if the…
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Best BTL mortgage for low LTV
Hello I have moved in with my girlfriend and am lucky enough to be able to keep my old flat and so have turned it into a BTL. I will soon need to change it into a BTL mortgage. There is about £95k left to pay. Valued at about £230k. £30k deposit. 15 years left. I'm with Nationwide who will let the term expire in September…
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Barclays/Woolwich experiences???
Hello, As mentioned on a post yesterday we have had our application referred through Barclays/Woolwich due to a late payment. I have just come across the website "Review Centre" 99.9% of the posts there slate Barclays/Woolwich for the service that people have received with regards to the application process and the length…
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Offset Mortgage
We have always overpaid our Offset mortgage and have been told that if we wanted to drawdown 25k, it would be paid off within the original term of our mortgage (9 years to go) and our monthly payment amount will stay the same (because of the over payment). We can fully offset the 25k from savings and I guess I'm wondering…
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What sort of mortgage for Residential + BTL
Hi I'm looking at purchasing a plot of land with four flats with a view to living in one flat and letting out the remaining three. I could do with some help on working out how this should this be organised from a mortgage perspective as i'm not sure if I need one or multiple mortgages for the different flats, and if they…
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Please help, first time remortgaging!
Hello everybody, Me and my wife are new to remortgaging so it would be great to get some advice on a couple of things. Our current mortgage (FTB) 2 year deal is ending in September, we have a rate of 2.89% and its with the Halifax. Home Value we think is 440k and balance is 255k LTV is roughly 57% My first question is, I…
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Mortgages for ex bankrupt
Thanks for looking in. Although I'm not proud about my situation, I was forced into bankruptcy in April 2008 by a debt management company as they were not paying my creditors and I was discharged in April 2009. I am hoping to be a home owner once my six years is up so I can start with a clean slate. I have been looking at…
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Calculating overpayments without going over penalty clause
I'm currently trying to work out if its worth overpaying the mortgage on my property (currently rented out). I can use the overpayment calculators but can only overpay a max of 10% per year without a penalty. I can't quite get my head around how to work out by how much I would be able to cut the mortgage term if I overpaid…
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Penalty on redemption
I took a 10 year fixed rate mortgage in 2007 at 5.39% with Woolwich/Barclays. Now 6 years on and due to the interest rates being very low I am looking to change - the issue is that the penalty for moving away from this mortgage is 6% of the outstanding balance which seems excessive to me. I have seen the posts re…
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30/70 re-mortgage
Hi all, My 3yr deal ends on my mortgage this August & we want to re-mortgage for a bit more to cover the cost of home improvements (thinking 10k) our current lender Santander won't let us do it on the 30/70 they say we can only borrow 75% of the 70%. I know other people have done it but wondered which lenders they have…
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London & country mortgages - free broker service?
I am just wondering whether anybody has used the above company and are there any catches? Many thanks (In addition, can anyone recommend a free mortgage broker service??)
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Mortgage with X Partner
Hi all!!! Second Money matter question of the evening :-) I bought a house with the ex boyfriend 4 years ago, we had only been in the house 6 month when i left, so I have not contributed since October 2010. I walked away, told him that he could have everything, down to my actual belongings because I never wanted to go…
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chances of getting a mortgage?
Hello Peeps, I am batting some ideas around at the mo trying to make my life nicer along the way. Anyway.. I own half a house, which I dont live in which has no mortgage. The house I live in is owned with my husband who I dont live with. I am thinking about selling the house I live in and buying something in my name alone.…
