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Missing money - help with Plan B needed!!!
Hi all, Wondered if anyone out there could please help me with the situation below...?? We are in the conveyancing phases of buying our first flat - all going to plan, we will likely complete towards the end of July. This was in part possible due to an inheritance from my grandmother of £10k, which we are still awaiting,…
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Chancel Repair Liability
Hi, I am not sure whether I am posting on the right forum. I am a first time buyer and on a final stage to get things done. i already got the mortgage and solicitors are doing their work. On the property search, it was found out that the property is located within the historical boundary of a tithe district within a parish…
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What is this called?
Hi I have a mortgage that is split into two. Let's say 60k at 3.99% and 60K at 2.5%. I looked at the split of my monthly payment and found that they were fairly equal. I asked them to change this so I paid the more expensive debt first. To do this they increased the term on the cheaper 2.5% which is now 37yrs and reduced…
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Buying Another Property, 2nd Mortgage
Hi I was just wondering if this could be done. The current value of my home is 140k, and I have 25k left in my mortgage. I have 15k in savings which I was hoping to use in purchasing another propery for around 150k. Eventually I would move out of my current home and rent it out, once the property I buy is ready to move…
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To Fix or Not?
My fixed rate ends in August. Halifax have told me that I can go onto the base rate at 3.99% or fix for 5 years, the interest for the product they would offer at the moment is 4.49%. ! Being in negative equity I believe I will have to stay with them and can't look elsewhere. I'm looking to have paid off the negative and…
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Question regarding bank statements/ stressed
Okay, so we're first time buyers with a 15% deposit. This is through help from our parents. Our credit ratings are very good. Im quite concerned about my last 3 months bank statement though. I've been going into my overdraft at the end of each month to pay off as much as I could off my credit cards. Secondly, because the…
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Help to Buy questions?
Hi I'm interested in the Help to Buy scheme and just have a few questions I'm confused about. I'm asking these prematurely as I don't have a job yet, let alone a deposit. I'm 21 in July, just graduated university, single parent to a 2 year old and on IS. Right so, I'm getting voluntary work experience atm to improve my CV,…
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Coming to end of fixed period, whats out there?
Am coming t othe end of my 2 year fixed rate mtg with Woolwich and want to shop around for a better deal, as it reverts back to 2.99% + base rate, ideally id like a 3 or 5 year fixed if theres any good deals out there at the moment? Cheers
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Quick mortgage question. When fixed rate finishes ....
Hi, In the process of setting up a new mortgage and still trying to decide 2 or 5 years. Just wondered, if we went for a 2 year and once it is over fix it again for another 2 years with the same lender ( Santander in this case ) would we need to pay all the fees again ? Not sure if we need to pay for the solicitors again…
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RTB mortgage- do I need a broker?
After reading posts on this forum I am beginning to get concerned about our ability to get a mortgage. We will have a £100k discount and saved a bit for a deposit so I thought getting a mortgage would be a walk in the park, but now I am not so sure. Is there any point applying to direct lenders? The flat is in a tower…
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Help To Buy, good or bad???
I considering buying a new build and the new help to buy scheme looks appealing on the surface. What are the forums thoughts in this scheme? Is it good? Or avoid at all costs? Or proceed with caution? Having a75% mortgage will lower my monthly spends and the rate on the loan after 5 years is mug better that a mortgage. Any…
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Can you switch mortgage deal without legal work?
As per the title, is it possible to change mortgage deal with the same provider without technically remortgaging and having to get a solicitor involved?
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Mortgage Application
Hi Me and partner have applied for a mortgage through HSBC. HSBC is my partners bank and I bank with Natwest. We are first time buyers with around 12% deposit. We were accepted for an AIP, found the house we wanted and applied for the mortgage. Again, the credit check and application was succesful. I have now received the…
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Mortgage repossession Shortfall advice
I have several questions about an expected shortfall after repossession. The property was jointly owned by myself and my ex, I left the property in August last year with an agreement between us to market the property after Christmas. There had been issues with mortgage repayments previously as my ex was/is a compulsive…
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Do we stand any chance of getting a mortgage?
I have been looking at OH and mine's credit reports lately, as we want to apply for a mortgage next year. Mine is pretty much clean, no missed payments, late payments, on electoral roll at all addresses, not too many searches etc. However my OH has a slight (well more than slight) blemish on his. He foolishly took out a…
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First Time buyer Advice
Hi, I'm a first time buyer and looking for some unbiased advice from someone who knows what they are talking about. Today I had a meeting with the halifax as I am ready to buy a house - I have made an offer and it has been accepted and I have the deposit. They told me that they can offer me the mortgage - I think this is…
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2nd mortgage mis sold?
I got a secured loan against my property to consilidate some debts:( stupid i know. Basically I applied, gave them all my info and everything was fine and in order so they said, but then at the last minute they said that to get the loan my wife would also have to sign, my wife agreed to sign because i was desperate at the…
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Concerned about mortgage application
Hi guys. We had an offer accepted on a house on Tuesday and I kicked off our mortgage process. I already had an agreement in principle so it was fairly straightforward - I just gave them my solicitor's details and Estate agent's details, and a scanned copy of 1 months wage slips for me and my partner. They also took…
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Leaving a joint mortgage in negative equity
Hi My ex and I bought a property at the height of the property boom. We have recently split and need advice. He paid the 10% deposit on a new build home. Currently if we were to sell the property we would still owe approx 60k to the mortgage lender which we would have to split 50:50. Neither of us can afford this so this…
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Help! - Deposit for first time mortgage - gifted or not
Hi, my partner and I are in the process of buying our first house together. We have the mortgage offer and currently we are awaiting conveyancing activities. We have a slight issue however regarding a gifted deposit from my partners parents. When we applied for the mortgage, our mortgage broker stated that we should get a…
