-
MAS no5 intrest rates
Hi guys, It seems from doing my research that MASno5 have a terrible reputation. Having put up with the ridiculous rise in interest rates, from 2.99% up to 6.25% over the past 5 years, I have had enough. From what I can work out, the Libor scandal which artificially raised all the rates of money that was loaned to banks,…
-
Transfer of mortgage
Hi, I bought a house a few ago with my then girlfriend and we subsequently broke up. She is happy for me to take on the house and the bank have agreed in principle to let me do so. However, I'm trying to plan ahead as to what fees and services I will need from this point. No doubt Nationwide will charge a few hundred for…
-
Credit check for mortgage
I am applying for a mortgage with Halifax but it was put on hold as our vendor confirmed the property was a freehold. In the meantime I have found a better deal through First Direct. I spoke to Halifax to advise them of this yesterday, and it has been about 3 months since we opened the file. They told me they did a credit…
-
Old bad credit, getting a Mortgage, will the Mortgage company find out?
Hi Just applied for a mortgage and gone through the various checks, which all came out ok and the mortgage company have agreed to provide the money, all good. My credit report is great, even excellent..but i previously had terrible credit (more than 6 years ago) and a few CCJs I believe (tough times). My question is, will…
-
Advice please on mortgage redemption fee
My husband & I are buying a house and transferring the mortgage that we have on our flat as part payment on the new property (and getting a new mortgage to cover the rest with the same lender). Barclays-Woolwich, as well as adding the unbelievable 'arrangement fee', have also added on a £150 'redemption fee' charge to move…
-
FTB LTV ratio
Hi all, Me and my partner have been initially quoted by a broker for a 90% LTV mortgage (not yet got an AIP), however we've realised that on a 100k house mortgage we can probably now afford 15% deposit rather than just 10%. In terms of acceptability and rates, is there a big difference between 90% and 85% LTV? I am on a…
-
Family gifted deposit - how should I prove the fund source?
Hi All, I have prepared 100K as the deposit, in which ~80K was from my parents (they are living overseas). I told this to my solicitor and she insists that I should provide the proof of funds source. Apart from the proof of ID, address of my parents, how can I prove the 'source' of the funds? Currently I have the…
-
To Broker or not to broker?
I've had three mortgage advisers referred to me and I'm fed up and on the verge of either going for a Googled one or just going straight to my bank. Two have taken my details and haven't gotten back to me and 1 took my details and came back with recommending a Santander mortgage because "Santander gives cash back and with…
-
FTB, chances of mortgage?? help much appreciated.
Hi, Would much appreciate your help on my chances of getting a mortgage. Me and my other half are FTB, and are looking for a property of £115,000 and have a £30,000 deposit. We earn together £41k. The problem is that my partner has from back in 2010 on his credit report, late payment markers for under £50, showing 2 3 on…
-
Help with New build mortgage
Hi, I was just after a bit of advice with our situation. Made an offer on a new build property on sale for £166,950, tried to negotiate on price but the builder wouldn’t budge as they were making a 5% deposit contribution, although they did agree to carpet and floor the house. We were looking for a local financial advisor…
-
Endowments end in 6 months-£6k shortfall, What to do?
Hi, My friend's parents' (67 and 64 years old) three mortgage endowments are coming to an end this year. Two in August and one in November. As of last week, they are projected to mature to be worth approximately £15k. Their mortgage is £21k. This leaves a balance of roughly £6k. Due to my friend's father's health, they…
-
buying off a relative
I am currently looking to buy my Grandmother in laws house. We have agreed a fair price based on similar properties in the area. The house is valued at £55000 I have 5500 deposit so looking at 90% LTV. The mother in law wants to give us £5000 back to assist with our fee's and to modernize however she is currently in Care…
-
Lender's interest only investigation letter
Hi We've received a letter from our lender asking us detailed questions about how we intend to repay our interest only mortgage in several years time. The account has been conducted impeccably from the start. The letter states (not unreasonably) that it's our responsibility that the sum is repaid at the end, and also…
-
Let To Buy: where to start?
Where should I go to become au fait with the basics of let to buy mortgages, please? Thanks very much, Laurence
-
Mortgage advice
Hi all I'm new to this site.. But I would like some advice on mortgages I'm not sure what to do, whether to use all my savings as a remortgage and have a 7 year mortgage left. (£800 per month) Or move to a better area near nicer schools and up the years of the mortgage to 15years (still using all the savings) and months…
-
Mortgage application
Hi, I'm looking for a bit of advice hopefully from someone who has experienced this situation. I applied and succeeded in getting a dip via a broker, the broker then submitted a full application and that is now in processing, the lender has only asked for a payslip. Valuation fee has been taken from my acc but has not been…
-
How to get a mortgage after bankruptcy
I need advice on how to get a mortgage. I declared myself bankrupt in 2010, currently work as a full time civil servant and do not have a deposit. I need to find a mortgage provider who will work with me and give me a mortgage despite the above.
-
Mortgage HELP!
Hi, my partner left me last year and I am currently selling house. I can get a DIP with halifax for 90k on my own . However I have 11k of debt with halifax on credit card, rate is 3.99% for life if the balance. They hve said I need to clear this with the profit from my current house. Is there anyway round this as the…
-
Buying in to second home.
This is rather complicated so please bear with me. I currently own a flat, of which I have a £150000 mortgage on the property. I have 1 year left on this mortgage which is fixed rate with Halifax. I am soon moving in to a new property with my partner in joint name. We will have about a £150000 mortgage on this property.…
-
Property Deeds Woolwich Building Society
Hi folks, Forgive me if this has been asked before! After paying off my mortgage with the Woolwich in 1993, I had my deeds stored with the woolwich deedstore. There was a storage fee of £10.00 per year, the last receipt for which I have managed to find is from 2004. I having been trying without success to contact the…
