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Moving house and mortgage
Hi all, It looks like I may be soon moving house and with it ending my Natwest fixed rate mortgage early. Iam unsure of a few points and I am hoping you can help. 1. Do I need to get a redemption certificate for my current mortgage before I can apply to a different lender for a new mortgage? 2. The house builder has said…
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Buy to Let Mortgage and New Mortgage with same provider Pros and Cons
I am in the process of getting a Buy to Let and a New Mortgage and would like to know what is the PROs and Cons of having both mortgages with the same provider or would it be better/safer with different providers?
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Confused
Hi, ftb a little confused with conflicting information. A full application went into halifax last week and my broker informed me that the case would go to underwriter then valuation then back to business case worker and finally all being well an offer would be made. I since rang halifax to get an update, was informed that…
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Mortgage due up what should i do
Hi All Thanks for taking the time to look at my post I was hoping that someone could help me or even point me in the right direction of what to do next. Myself and my wife have a great home that we pay an interest only mortgage on. We got married this year and so we have taken a loan out to help us out with that. The…
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Valuation survey / surveys
Before we got a motgage sorted we'd budgeted 550-1000 on a survey and believe 550 would be a basic and 1k plus a more thourough one, We now have a valuation survey with our bank who we are having the mortgage with for 350 is this the same thing, or do we need to do another one on top?
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Daft mortgage broker question
We've submitted an application for a mortgage via a broker. Who normally receives the response from the lender: the broker or the applicant?
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Mortgage question
Hello I bought my first home in July 2011 and because of my limited deposit and lack of products available I was tied into a 5% rate of interest with Santander for 2 years. This term is about to end and my mortgage will go onto the standard variable rate. I am new to mortgage switching and would be grateful of any advice…
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how close to outcome
we tried to add more to our santander mortgage & got a no so trying Nationwide hubby full time £27k o/t £5k second job £7 i'm self emplyed for 2 years 1st year-£700 last year £5k online it ways it will lead us £140k we only need £120k if i take my earns out of the quote it say's £127K We have 2 10years olds, no loans but…
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Chances of me borrowing 4.25 x salary?
Hi all, I've accepted an offer on my house, and have seen another property I am interested in. I was wondering whether there is any chance anyone would lend me approx 4.25 x my salary of £34k (about 145k)? For the past 7 years I have also had a minimum of £1k bonus each year if that helps.... I'm 33, live on my own, have…
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Will I get a mortgage?
Hi all, Newbie here, trying to buy for the first time. I'm trying to decide between buying a one bed, for which I would be a cash buyer, or buying a two bed, for which I would need a small mortgage. The figures are roughly this: If I was to buy a two bed, it would most likely be around £200,000, and my deposit would be…
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Which lender will take me?
Hi all, I'm in the process of applying for a Halifax mortage as a first time buyer (2 yr fixed rate, 75% LTV) I've put an offer in on a share of freehold flat which was accepted. But now I'm worried I won't get accepted for a mortgage! My main issues being - I'm on a 2 year fixed term employment contract, with 15 months…
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self employed mortgages
Hi I have a little problem , went self employed last September and got my ltd company up and running in November. my job has not changed I still work in the same construction job and also contract to the same company. I have 250k and want to borrow 50k but seem to be coming up against brick walls , Any help would be…
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Transferring a mortgage to a relative
Hello Is it possible to transfer a mortgage to a relative and also for them to own the house? Basically my parents can no longer afford the mortgage on their house and have asked if its possible for my husband and i to take it over. We are currently renting so it would be a good opportunity to own our first home,…
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Halifax switch from repayment to interest only?
Hi, I work on a contract basis, last one 2.5 years, and it ended a few months ago and I'm finding the market tough for the first time ever. Truth is normally we would have savings to cover gaps in contract working but with boys aged 2 and 5 we've suffered a lot of recent massive costs the last few years through maternity…
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Help to Buy - Can this scenario work after 5 years?
Hi all, I've been playing around with numbers and wonder if this is a possible scenario with Help to Buy at the end of year 5. Present time: Purchase price: £300,000 5% deposit = £15,000 75% mortgage = £225,000 20% govt equity = £60,000 5-yr fixed mortgage at 3.6%. Assume house price raises 1% pa. At the end of year 5:…
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£250 charge for a mortgage direct debit change?!?
Hi, I hope I have this in the correct forum, but I'm posting on behalf of my parents. They need to change banks and therefore their direct debit for their mortgage will have to change but their mortgage leader is going to charge them £250 for changing. Surely this can not be correct. Surely there shouldn't be a charge for…
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Kensington mortgage
I have a question about a friends mortgage They needed to remortgage a few years ago because of a debt on a credit card and the only company that would help was Kensington! They have never defaulted on a mortgage payment but a few months ago due to ill health they wanted a 2 month 'holiday' from payments but Kensington…
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Help to Buy Scheme - Exclusive New Build Broker Scheme
Hi, Just thought i would give you my feedback regarding mortgages on the above scheme. My wife and i had an offer accept on a house under the baove scheme. 20% Equity Loan approved by the Home Buy agent. We have the 5% deposit from the sale of our previous house 18 months ago Due to a couple of missed payments on a credit…
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Second stepper curious about my deposit/capital
Hello all, Confused novice here looking for answers! Hopefully my logic on the below is correct but you never know with mortgages/finance... We bought a flat 4 years ago for £200k. We borrowed £175k on the mortgage with the other £25k in deposit. Next year we are looking at moving on and buying a new place. We have paid…
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Use estate agent mortgage advisor yes or no?
Hi. Just a quick question I'm sure i've seen mentioned in this forum somewhere not to use estate agent finance/ mortgage advisor for mortgage. Why not? Friend of mine hoping to buy house and the estate agent offering £1000 off purchase price if she uses their financial services. I may have been mistaken and it wasn't on…
