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Got an agreement in principle! - but why is the rate so high & get we get a better 1?
Hi all, My husband and I are first time buyers and we have seen a shared ownership house we like (We are looking to buy a 50% share). Due to various factors (recently cleared off all debt & waiting for a missed payment error to be removed) we were waiting for our credit files to update to reflect these recent changes so…
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Halifax mortgage - Is it must to choose conveyancer on their panel?
Hi, Considering applying for a Halifax mortgage for purchase of a new build (under development) with 70% LTV (can go down to 60% depending on the standard valuation). Wanted to know if: 1. It is compulsory to choose a conveyancing solicitor from their panel? Have read on the forum that Nationwide valuation is usually…
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advice on mortgages and any chance getting one
advice on mortgages and any chance in getting one. I was on a suspended order from Nov 2008 till Aug 2011 I had a lot of bad debt till my employment tribunal paid in april 2010 and used the money to pay them all back. But does a bad debt with brit gas and anglian water which i am know sorting out and have arrangements…
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Moving from Fixed Rate to STD Variable Rate
I took out a 10 year fixed rate mortgage with the Halifax. It's fixed at 6.10%. Would there be a fee if I wanted to leave the fixed rate and move to the Standard Halifax variable rate? I don't want a new deal I just want to get out of my current deal.
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Can this be done?
A bit of background first, my husband and I are 55 and 53. He has a pension of £900 a month and has recently started his own business which brings in £1000 a month, but it has only been up and running for 3 months. as a new business we also get £550 a month from the Government on a new business benefit. We have savings of…
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Keep our endowment going?
Hello, looking for any advice out there really on a 'good' endowment problem. We have an endowment linked to our mortgage to pay off approx 40% of it, it has 4 years left to run but has reached its target. They are offering us 3 options (1) cash in and pay off the chunk of mortgage - we have no penalties for this but are…
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Probable repossession, Santander'
Very shortly I will unable to pay my next re-mortgagepayment to Santander, the next step is probably repossession. Needless to say, I have been in contact with Santander CustomerService but they are unable to help, mostly because I am 74 years of age. What they did say however is that I must notify the Collection…
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Working/travelling abroad- mortgage advice
Afternoon all I have exactly 1 year left of my 5 year fixed mortgage at 3.99%. The balance is around £42k and there is lot's of equity in my house. Hopefully I will have paid the mortgage off by then as it will revert to the Santander SVR which is a rubbish rate (5%). After years of planning I finally have the chance to…
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90% LTV on New Builds - Which lenders?
Greetings, Just a quick question as to which lenders are currently likely to accept 90% LTV on a new build based on the following: The facts are: Purchase Price: £179,999 Deposit: 10% Combined basic annual salary: £47500 (+ additional unsocial hours pay) No adverse credit No debt at all (other than current mortgage) New…
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Chelsea building society.Buy to let?
Hi does any of you clever people know if the Chelsea still do buy to let mortgages? And if so what their criteria is please? Many thanks
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Help please - is there a solution?
Hi everyone, can anyone give me a ray of hope with what I'm trying to acheive, please. I'll try to keep it brief. I am trying to get a buy to let mortgage for a house which I will then rent to my mother. The price of the house is £190k. I can put down whatever deposit is required. Rentable value £750/mnth. I have an…
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A bit of mortgage advice needed..
Hi Guys, A bit of background info first. My partner inherited her fathers house in London, after he passed away. We are in the process of renovating it with a view to selling and moving back to the country, in fact, the builder starts on Monday coming. There is no mortgage on the property, and will very easily sell for at…
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Comparison of credit reports
Hi guys, I have signed up to both experian and equifax to check my credit score and got two very different results: Equifax: Score of 404. Credit rating "fair" - shows 4 missed payments - only recent checks are those made by myself Experian: Score of 981 - Credit rating "excellent" - shows 0 missed payments - 5 recent…
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mortgage for 3rd floor flat abv commercial premises
Hi, i've had an offer accepted on a third floor flat above a commercial premises. The main entrance to the flats is separate to the commercial premises. now does the 3rd flat, on the third floor count as being on the third floor or do mortgage lenders also include the ground floor as 1st floor, thus making the top floor…
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advice on the 1st mortgag payment
I am a FTB and I have got a mortgage with the Halifax, the completion date for the house is tomorrow but I logged into my internet banking just now and saw that the Halifax had tried to take money out of my account. I thought you started paying for the mortgage on completion or is it different for each lender? I will get…
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Really confused - trying to find a Right to Buy Mortgage
Hello Im am trying to find a good, reasonable Right to Buy mortgage. I have a 60% discount and would be looking for a 15 year fixed repayment of around £50K. I have a strong income that will easily cover the repayments. However, trying to identify the banks/bldy socs that *do* RTB mortgages is proving more difficult than I…
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Mortgage Advice required:FAO Martin
Hello Martin, I need some mortgage advice please. I have a mortgage-free property as of last year. I now need to purchase another property to upgrade (4-bedroom house), but wish to keep the original property (mortgage-free as possible) so that I can rent it out. I have two options: 1) Consider new Govt. Buy Schemes, which…
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low-cost initiative for first time buyers, scotland, help
not sure if on right board hi was wondering if anyone had any experience of the above, we live in a town covered by Dumfries and Galloway council, we can afford a mortgage of around £72000 and already have about £3000 saved up,however in our area there is not much for sale at this price. we are currently renting privately…
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Nationwide mortgage application accepted, can i track it?
Hey Had our mortgage application accepted earlier. Can i track the progress on my account online? Thanks
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Is this viable?
Me and my husband are looking at putting an offer in on a property it is on at 315,000 and we are looking to offer 280,000. Would it be possible for us to pay the vendors 30,000 cash and 250,000 on the mortgage?
