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Nationwide mortgage accepted. Special conditions
we're first time buyers. We received from the solicitors on saturday the mortgage deed and a letter to sign. the only special conditions was'Barclay credit card x2 to be repaid on or before completion ( balance approx £1000 each) ' this has the potential to throw a spanner in the works as this is the first we have heard of…
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Will late payments affect a 60% mortgage?
Hello. My partner and I are looking to move house as we are relocating. We have just over a 40% deposit (equity). He has had a mortage for 14 years in total and I came on board 10 years ago when we met. We have 3 dependendents between us (and a step son who stays with us at times). I am not working at the moment (1 year…
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Best Re-mortgage deal?
Who has the best re-mortgage deal right now? My 2 year 'welcome' rate is expiring at the end of this month. Is it is a good idea to re-mortgage or just to pay the higher repayment fee?
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Source of deposit document
Morning all, We had our mortage application with the Skipton accepted last week :) now they've asked us for documents supporting the "source of deposit" - what exactly does this entail? Tried asking someone in their call centre but he wasn't really very clear... I intended to forward screen prints of my savings account to…
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Salary 'sacrificed to pension' - what income figure will lenders use?
For tax and benefits reasons I have 'sacrificed' 25% of my gross salary to my pension 'at source', my employer pays into my pension before the salary appears on my payslip so according to my pay slips I now earn 25% less than last year. This is all fully documented. I can switch back to full salary at any time but do not…
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Swapping mortgage providers
Im coming to the end of a 3yr fixed with Halifax at 7% which was pretty steep at the time but suited me when i initially brought my house. Im now in a position to shop around for another fixed term but as a complete newb would like a bit of advice. (sorry if some of the questions seem daft, easy if you know) If i go to…
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Mortgage question - break up ...
Hi there, I will keep this as short as possible and may explain more if necessary to answer my question. My ex girlfriend and I currently have a 50-50 mortgage. She is refusing me access into the property and is paying the mortgage herself. We have no children. If I go to solicitors will I realistically have any hope?…
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Secured lenders
Hi Does anyone know if Secured Lenders have insurance policies in place in cases where the customer gets repossessed? MAny thanks in advance
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Help! - my first second mortgage buy to sell project
Hi there Please can you shed some light on this one? I have a mortgage already and have about £95k to pay off. I have recently seen a house that has been repossessed and would like to purchase it with the potential to make about 10k – 15k profit, do it up and sell it, within 12 months. However, can I get another mortgage?…
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Endowment matured do I have to pay off mortgage with money
Have received endowment at maturity date but didnt pay anything off my mortgage? I paid other debt off!! Is this illegal? Should I contact bank! Will they ask me to sell my house?
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key worker mortgages
Someone told me that as a nurse you can get h elp as a first time buyer? Is there such a thing as a key worker mortgage?
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Mortgage Initial Appointment ?
Hi everyone, I am wondering if I was to go to an initial meeting at a bank to find out how much money they would be willing to lend me, would they ask me for any paperwork as I wouldn't actually be 'applying' for a mortgage and would essentially just be getting an idea of what I could afford ? And if so what would they be…
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Update: 25/07: When does a Nationwide valuation happen?
Hey So on Thursday I completed our mortgage application. We need to send back some documents such as a reference from my partner. Will the valuation and survey happen before I send my documents back?
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missed 2 x payments, will it show anywhere?
last 2 months Ive missed my mortgage payments, phoned them both times before the date and let them know and they said its fine, you'll incur a £8 charge and to call and make payment when you have been paid (my mortgage money comes out 2 days before payday) will this effect my rating in anyway? Thanks
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FTB Mortgage AIP and old debt
Hi all, My partner and I are trying to buy our first home but we think we've hit a brick wall. Over 7 years ago my partner had defaults placed on some debts he'd racked up as a teenager. The debts are now with a debt management company and are slowly being paid off. The default dropped off early last year as 6 years had…
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Halifax Mortgage - Response time?
Hi guys I started my mortgage application last Tuesday and by Thursday I'd provided all of the information they asked me for. I rang for an update on Friday and they looked at my file, confirmed all of my paperwork had been received and said it was with the processing team for approval. So, she said they will probably look…
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Is there any advantages to keeping a small mortgage
We will soon be in a position to be able to pay off in full our mortgage, but I'm sure I'd read somewhere that it was better to keep a small amount on mortgage as it meant the provider kept your deeds for free & it was easier to get another loan in future if you needed it. Can anyone advise if this is the case.
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Affordability Question
I've been having a general play with the calculators online today. There seems to be a massive difference between the figure that comes out if you have childcare to pay for. So I take it as a general rule it's best to wait until kids are in school? Only 2 years away anyway when we were actually looking to buy :D
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Applying for mortgage but on a debt management plan
Firstly, As always - grateful for all input. MSE is excellent in most situations. Thank you. I was after some information to see if it's even worth me applying for a mortgage or will the DMP kill all chance of it getting approved? Thanks as always...
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being removed from mortgage, how will loans be affected.
currently splitting from partner who i share a mortgage with. she will be keeping the flat and i will be coming off the mortgage. i currently have a number of loans in just my name, that were taken out while i was a homeowner. will the flat no longer being in my name protect it from the loans? is removing my name from the…
