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Declined Mortgage - Nationwide
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90% LTV and no Early Repayment Charge
I've done some searching for a 90% mortgage with no ERC/penalty-free overpayments, and the only lenders that show up are First Direct and HSBC (essentially the same company). Does this sound right? Do most 90% mortgages have an ERC?
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No questions finance
I have a number of properties, with no loans, and would like to take the opportunity of the downturn to buy a few more. Are there any companies out there (or individuals) who'll lend at a rate of 6% or below on either an interest only (preferably) or interest and repayment basis - over 10 years. I don't want all kinds of…
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anyone used "Which?" to arrange their mortage?
They've been very helpful & forth coming with the free advice so far,so thinking of using them to arrange a mortgage deal for me.They say they are "whole of market" so hoping they will find the most suitable deal for me. Just looking for some feedback really... good service? reasonable fees? Regards - Rob
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appealing mortgage application
Hi, We currently have a 78K mortgage on a 85% LTV rate with halifax. We are not tied into any rates/deals and the interest rate is around 3.4%. The mortgage is in my husbands name. We have sold the house for 113500 to a first time buyer. we are due to exchange in the next two weeks and are now desperate. For the past three…
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Paying twice?
I am currently arranging a mortgage to buy out my sister's half of the property we inherited when our mother died. My broker's offer includes conveyancing fees of £950. At the same time I have received an e-mail from my solicitor quoting a fee of the same amount for "remortgaging and equity transfer". My question is:…
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2yr vs 4yr fixed rate mortgage
Originally I was thinking of getting a 2yr fixed mortgage but speaking with a mortgage adviser at an estate agents they said if I plan on staying in property for 5yrs (however my broker suggested 2yrs!) odd then better to go with long term as more safe so kind of thinking of the 4yr though slightly higher rate making my…
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SVR – credit file & no switching deals available
I will keep this fairly short and sweet, as there are a few key facts rather than heresay. Just want peoples experiences, or thoughts on how best to proceed. Have had an Alliance & Leicester mortgage for 4 years, was on a fix, moved onto the 4.99% SVR. Enquired in October 2012 as to available switching deals. did not want…
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2yr fix or 5yr fix
Hi all, I can get a 2yr fix at 3.09% with a £1900 cashback inducement or.. a 5 yr fix at 3.69% without an inducement. Which to take? Any MSErs have a view they'd like to share? Thanks :)
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10 or 15% deposit?
We've gotten to the point of making an offer. We were hoping to get the house for less than the asking price but it looks like we are going to have to stretch to 140,000. I was really hoping for a 15% deposit, but our savings (currently 23700) would leave us with only 3000 for fees and everything. (assuming 138k offer is…
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Nationwide asking for homebuyers report refresh (Scotland)
We are buying a property in Scotland. The date of report for the HomeBuyers report is 25th Feb. Nationwide are saying that the report needs a refresh and that I need to go via the vendors solicitor and ask them to get a refresh done at the vendors expense.... I really don't follow why this needs to be done at anyone's…
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Gifted Deposit Indemnity Insurance
My son has had his offer on a house accepted and his mortgage approved subject to the valuation report. We , his parents, are giving him his 5% deposit (£10,000). He has just been told by his solicitor that he has to pay £180 for an indemnity policy for the gifted deposit. I've never heard of this before. Is this usual…
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First chat with mortgage advisor
Hi all, Me and my wife are having our first chats with mortgage advisors this afternoon. It's an informal chat (on our part) just to see what they could lend us etc, we haven't decided to put an offer in anywhere yet, just assessing our options. Will they be able to give rough details without doing the credit check (we…
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Timescale when applying for a mortgage - Advice please
I was hoping that someone might be able to help. My husband and I submitted an application for a mortgage on Monday of this week and yesterday we received a letter from the surveyor telling us that they had been instructed to carry out a survey on the property by the Building Society. The question I wanted to ask is does…
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Thanks to everyone for the advice
Hi and thanks for all the advice over the last 2 months, have just had a call from my IFA natwest have put my mortgage offer in the post and I should have it on sat!! Just fingers crossed now nothing goes wrong!
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Halifax mortgage process how long
Dear all, Myself and my partner both have completed a full mortgage application with Halifax and have paid the valuation fee a week ago. I just wondering how long would it takes for the mortgage to be approved? Also will there be any possibility that it come back as declined? I am very worry about it because we have been…
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going into arranged overdraft- worried
My bank statements show me in -200 in the beginning, in arranged overdraft,then I get paid and don't go back under except once for -£20 My wife on the other hand has a massive limit and is seen going -500 in two different months. The problem is, this isn't a question of affordability, she has £3000 sitting in her savings…
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fixed deal ending, valuation question
My fixed 2-yr rate will end May 2014 and I started to do a bit of a research to figure out what my options were - staying with the same lender vs. remortgaging. I'm trying to determine what the value of my property is now (just for the sake of calculating various options) and I don't know what to input. Original purchase…
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Santander mortgage through a broker
Our mortgage broker has submitted our application for a mortgage with Santander, the broker phoned over a week ago and said Santander had given us a decision in principle and now says she has put a full application in. All sounds good so far but, we haven’t seen any paper work yet, is this normal? When we applied with…
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Barn Conversion to Holiday Cottage
Hi, i own a barn and im looking to build a holiday cottage, does anyone know the best way i can finance this project.
