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Mortgages & endowments

Archives for June 2013

new mortgage deal - any advice apprdciated
Hi, we are approx 18 months into our 2 year mortgage deal. We bought our place for £190k but market value is approx £215 to 220k. (Houses same size and standard in street gone for 215+ in last 6 months). Original mortgage was 85:15 LTV, question i have is if lender values place at approx 215k, what benefit, if any, does…
What happens to mortgage if bank fails?
Hi I was wondering if anyone can tell me theoretically what would happen to your mortgage if the providing bank should fail? Is this something worth taking into consideration when taking out a mortgage? Many thanks!
using a broker?
i'm having a issue with nationwide at the moment. see other thread:eek: if this doesnt pan out would a broker be the way to go..been in this house 9 years with right to buy discount 56% can get it for 30k. have a 3k loan which they said wasnt a problem but, could pay it off if needed. credit cards are clean. full time…
nationwide nitemare
hello i have been trying to buy a house for 6 months now, i had been accepted by nationwide for the mortgage then the first hurdle came when the wanted a structural report doing on the property after the report came back they had me get different quotations of work that needed to be done on the house. i am a joiner and…
Large mortgage & small default
Hi, we are looking at moving up the property ladder. We need a 80-85 percent mortgage on a £350k property. My credit file shows a default of £100 last year for a mobile phone provider. I also have 3 late payments due to a dispute with our electricity supplier. Shall I apply for a mortgage with our current provider or a…
Right to buy mortgage with age concerns
Hello. My Granddad and I have applied to buy our council flat- he is the tenant and he can share the right to buy with me. However he is 70 years old and due to the RTB rules, any people that are on the RTB application have to be named on the mortgage. He cant not be on the RTB because he is the only tenant. A mortgage…
Impending company name change - what to tell lender
Hi I'm about to re-mortgage my flat, broker is calling in an hour to confirm everything. Very recently, we found out at work that the company I work for is about to be merged into another company (also owned by the same parent company), and as part of this process will have its name changed. I don't know how long this…
HSBC mortgage application - debt or no debt?
Hi Many mortgage calculators supplied online by providers are clear when you enter credit card debt. i.e. asking if you have debt and whether you will clear it on completion and so forth. However the HSBC calculator does not. It merely asks for credit card debt. I am planning to clear my debt on completion of the mortgage.…
GE Money Mortgage application
Hi I have been dealing with a GE money underwriter and have completed all the paper work and sent them everything they needed and asked for the mortgage application (payslips, p60 etc etc) they did a survey on the house I put a offer on last week and that was all good they have now said they need to send the application to…
Difference between affording to buy & affording to RUN the house?
We're looking at buying our first place & we know that we can certainly afford to buy the house we're looking at no problem. As we'll be first time buyers i then started to realise that running a house would be a totally different question & i've come here to see if anyone can help with the confusion & concern we have…
Miller homes part exchange scotland
I currently have a 60% part ownership property that I purchased in 2008. I do not pay rent on the 40% all that happens is the government take 40% of the sell on price even if this is a loss. I am interested in buying a miller home and wish to take advantage of their home exchange offer. Does anyone know if I would meet…
Help! Nationwide mortgage panic!
Hello! If anyone is familiar with the Nationwide mortgage system and can offer advice I would be grateful! DIP accepted a couple of weeks ago, full mortgage application completed and submitted on Wednesday. I have been keenly following their online mortgage tracking system, and after coming up with things like 'Solicitor…
Nationwide cancels mortgage???
hi we are using our right to buy a council house getting a 56% discount. we phoned nationwide and got the aip. the valuer sent there price out and we were happy so, phoned nationwide and finished the full application. was told had the mortgage as we met all the criteria and could afford the payments. paid the £99 fee and…
Halifax Backlog ?
Hi all I am waiting on the official yes or no from Halifax they have all they need incl Home Report and valuation which has now been typed onto their headed paper on Tuesday so I have been told. But my MA said that Halifax have a backlog for mortgage apps at the moment we have been given an unofficial yes so my MA says she…
Releasing equity on my property
Hello everyone I hope someone here can give me some advice. I'm wondering if there is a way to release some equity from my home to give o my daughter as a gift to use as part of her deposit for a property. The situation is as follows: I own my on home (no mortgage). My daughter & son in law are selling their property and…
Mortgage Interest??
I have just been checking my mortgage details as they have recently been added to my halifax online account. Can anyone explain why the interest charged would be £136 for March, £176 for April and £181 for May??? I have a fixed rate mortgage of 5.69%. Shouldn't the interest be going down as the amount borrowed does not up?…
My experience help to buy with bad credit Halifax/Natwest got there in the end:-)
Hi, I today I got he keys for my new place I thought I would share my story for all those with bad credit. I put in for a mortgage with halifax and got a dip however got declined at full application and at this point I thought it was game over. I had 2 defaults one in 2007 and one in 2009 for 500 and 100 pounds, my…
First Time Buyers Advice
My partner and I both graduated from university last summer, both went into full time jobs in May 2012 (on £20,000 and £13,000 respectively) before taking 4 months off in December to do some travelling. We saved up before going travelling, worked whilst we were out there and came back with more money than when we left. We…
NatWest valuation delays
Hi, just wondering if anyone has any recent experiences to share re: length of time to get a NatWest valuation. I've had a mortgage offer subject to valuation, and been told by my broker the valuation has been instructed - this was five days ago. Phoned up today to chase, as no money taken off my card yet and no other…
Halifax
Good day all Okay I have applied to Halifax for a mortgage on Monday 19k deposit on a 120k house 19k income husbands 33k Initially approved with the DIP we have offer on house so summit full application they requested most recent pay statement and some extra I'd check for me . Survey booked for Tuesday What is happening…

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