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Help please with applying for a new mortgage
Ok will try to keep this short and sweet. Got divorce last year and sold the family home. Had a mortgage with Santander and all good. Paid off some debts and have £20k deposit. Currently in rented accomodation from Feb 15th this year. Looked to buy a house - before old house was sold got an AIP from Halifax for £211K Now…
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New Home - What cover do I need?
Hi, We complete on our brand new home on the 28th of this month. In 10 days! Our mortgage advisor was supposed to be sorting all our insurances for us, he has now let us down, but not only that he has bamboozled us with tech terms and now we have no idea what insurance we need. Here is what we currently have.... Mortgage -…
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Self Employed/ Company Director Mortgage Options?
My Husband started up in Business last year he has a 50% share of this company and then has his own ltd company for which I own half. The company he has a 50% share of started only in Sept 12 however has a large predicted turnover this year of £2 million with 2 6 year contracts already successfully running so this should…
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Ulster Bank mortgages _extremely_ slow
Hi all, Currently applying for a mortgage via ulster bank. They are dragging their feet at every opportunity. First it was a 2 week backlog. Fair enough I thought, just wait. Then, it took them a week and half to key our application onto the system. Now it's with the underwriters. I was promised an update on Friday and now…
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Santander Valuation\Survey taking ages
Hi, We accepted the offer from my buyer who is renting over 3 weeks ago and have yet to hear from Santander (the buyers lender) about arranging a valuation survey. My buyer says Santander (unusually) completes the mortgage approval process before the survey. We are in a hurry to make sure we don't lose the house we want to…
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reccomend IFA please
I need a sub prime mortgage. I have two defualts, hubby has settled IVA (9years ago) and a few mortgage late payments. Our current mortgage is 78K. we have equity of 30K but would like to keep some back for renovations on new house. We are both self employed with last years income at 18K ish and this years at 35Kish. We…
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Exchange date delays
Greetings! Hoping to get some advice regarding our situation. 1) First Time Buyers. 2) Mortgage Application successful. 3) Deposit and solicitor fees transferred to solicitor. When we originally agreed to buy the property we were told that the propertyis tenanted by a family friend who's able to vacate the property at…
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Nationwide Buy to Let / Mortgage Works
Hi there I am currently with Nationwide on a residential mortgage that they are now charging an extra 1.5% to buy-to-lets. They have rang the Mortgage Works as its their buy-to let subsidiary and i have just tried to call them with regards to remortgaging and was told that i have to do this via a mortgage advisor. the…
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Insurance
I'm just getting a mortagage and not sure if I should get life cover or not with it. I'm young so don't know if I should hold off for a while. Could someone advise me if it's worth it? Thanks
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Bizarre mortgage calculations
We are in the process of remortgaging. i am very keen on an offset mortgage as we tend to need large cash floats and so upon finding Chelsea BS offset at 3.79% I thought we were onto a winner. As a first step, I have input out income into their full online calculator with some weird results. Basically, I have employment,…
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re help with a mortgage problem
Hi Back in 2009 I was in a hurry to secure loan/ mortgage to help with some improvement to the home that I lived with my mum at that time she was 87years. The financial advisor found this company who was will to leaned the money but on a very high intest rate. We were joint owners of the house Does anyone know if I…
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Moving home with bad credit
We currently have a mortgage of 105K and need a bigger home. My husband has poor credit history and 1 CCJ although that is now settled. What are our chances of being able to move, either with the same mortgage amount or slightly more. We have approx 25K to put down on another property. I am employed and earn 30K he is self…
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Should I sell home and rent for a while instead?
Hello, I am married, with 2 young boys and have a mortgage on our home of about £86k (£850. I also have a fair amount of credit card debt (about £15k). I work and earn about £33k, my wife stays at home bringing up the boys. We manage to pay our bills and buy essentials without too much problem. I'm thinking if we sold the…
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Self Employed (slightly complicated) Mortgage Problems!
Hi Guys, Having a bit of a problem with my mortgage application, I am a graphic designer, been trading 4 years but started an events company (partnership) in 2012 which boosts my profits on my SA302, I spoke to NatYes who said No, and asked for 2 years of accounts for the events company... now I have contracts in place etc…
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Self-employed, house build, bridge loan & mortgage
Hello there. Just a general enquiry for some guidance regarding my plans for next year. I am building my house next year. Cost to build 55k. This will be built on an already owned plot of land. I am self-employed. My income this year will be 15k-20k and the same will be for next year also, so i'll have 2 years showing a…
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Totally Let Down by Halifax - any advice?
This is my first post on here and I'll try to keep it brief. My wife and I fell for a house in Sussex last January. It needed a lot of work but the owners agreed to a completion delayed until the end of May. We applied to Halifax for a mortgage via a broker. We passed the initial checks and paid a valuation fee. The valuer…
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Looking to fix for 5 years help please
Hi Everyone, My fixed rate is coming to an end 1/09/13 and i'm moving onto the SVR at 3.5%. I'm looking to fix for at least 5 years and the deal i have seen is with First Direct its a fixed 5 year deal at 2.69% with an unlimited overpayment facility for the term of the fixed rate. There is a £499 arrangement fee though…
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Redemption of Endowment policy
Hi there I'm new to this so hope I'm doing this right! We have an endowment policy which we took out in 1996 to cover our mortgage being told when it matured 25 years later it would cover the £98,000 we owed. Obvioudly since then things have gone pear shaped and it potentially isn't forecast to reach that amount now. We've…
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What will first direct value my house at?
Looking to buy out the last 2 years of my current RBS 5 year fixed to move to a much better rate with first direct. Bought house in 2010 for 136k, the home report value (in scotland) was £150k. The sellers were moving down south so got a great deal. Similar house but not as nice or quite as large is currently on the market…
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The Coventry Building Society
We applied for a mortgage online initially and was offered with DIP about 60,0000 more than was required so with some confidence we sent off check for fee and surveyors fees which has been cashed. However, this morning we have received an offer which is 40,000 less than we were asking for! My question is can we recover the…
