-
Electorol Roll Issue - Please advice...
I own a property which I have let out with the bank’s permission and currently living with my family. My family is in the process of purchasing their property and I will be contributing a small amount towards the deposit (unconditional deposit). Their solicitor have said as I will be contributing towards the deposit I…
-
Halifax and indentification
Myself and my husband are currently applying for a Halifax mortgage and, for complicated reasons, I don't have my driving licence so the only ID I have is my passport. However, this is in my maiden name so I supplied my marriage certificate to show change of name. But the broker is saying Halifax won't accept this and…
-
Unexpected Refund from Northern Rock/NRAM - slightly suspicious!
I redeemed my Northern Rock mortgage some years ago now but I've had a letter through this morning enclosing a cheque. Now I'm not one to look a gift horse in the mouth but I can't help feeling really suspicious about this. No bank I've ever dealt with has voluntarily sent customers cheques for errors - I mean just look at…
-
When to apply?
Currently selling my house. Will need more money for a more expensive new place. Found a good deal with Teachers BS. They offer to pay legal fees, what does this save me approx? Anyway, the point is, when do I apply? Do I wait until mine sells etc or do I apply now based on what i plan to pay/expect to sell for etc?
-
Stick with First Direct?
I'm in a pretty good position, mortgage-wise. I got a First Direct offset (remortgaging) back at the end of 2007 on the flat I live in. Worked out perfectly for me as I was about to inherit a bit of a lump sum that would see most of my capital repaid/offset. I'm now in a new situation with wanting to buy a place to live in…
-
very impressed
We applied in Nationwide for a remortgage from another company on June 10th & we have been told all has been sorted & the new mortgage will start on June 27th??? from start to finish 17 days... not bad at all
-
Deed of Trust question - amount needs to change
Hi, I purchased a house with my partner, and we registered a Deed of Trust at the time, which specified what percentage of the house each of us owned, and how much he should receive back after the mortgage had been paid off, before any other proceeds were split. We are now remortgaging, and we therefore need to alter the…
-
Keep endowment or sell policy?
Hi, I have an endowment policy with L&G (low start build up plan) which is due to mature in sept 2017. It is no longer being used to fund a mortgage. I pay £39.50 a month Last years red letter with projections gave values at £14,500 at 4% growth, £15,700 at 6% growth and £17,000 at 8% growth The target amount was £25,000.…
-
First-time buyers mortgage advice
Folks, any help would be much appreciated. My wife and myself are at the initial stages of applying for a mortgage. She has a flawless credit report, mine's not so good. I've an Experian score of 729 (fair), with a credit card balance of £330, and a settled default credit card (settled in April this year). Other than that…
-
Tracker Morgage Advice
Hello all, My mother is looking to get out a small loan to repay a debt she owes me so that I may buy my own house. I have recently discovered she chose a tracker mortgage within the last 9 months as her fixed rate came to an end (it was something silly like 7%) I would like to make sure if interest rates rise my Mother is…
-
Interest only mortgage for widowed mother
I would appreciate advice from anyone who can help me to solve this complicated issue. My father died recently and my mother inherited the house. There is an outstanding mortgage of about £65k on a tracker at 1.5% above base rate, so the current rate is 2.0%. It is a repayment mortgage and will be paid up in about 10…
-
Advice required
Hi all at MSE I have just applied for a mortgage with Barclays (I also run my current account with them) and after what seemed like the most thorough process in the world I have been accepted with a 10% deposit on a house valued at 127,500 (we have now had an offer accepted for this house) They did two full credit checks…
-
Help required
As the post said I need some help from you expert guys n gals out there. Unfortunately I had an incident that has basically landed me on life support for a week and the dr don't know what whether it was a minor stroke or seizure at 30 this is scared me to death but not as much as work informing me that I will be on…
-
Valuation lower than sale price
Hi I have an AIP with a lender and now the surveyor has come back and said there is no reason for the increase in the property's value (it was also valued in Feb this year and has gone up £2.5k due to bidding). I am awaiting a call from the lender. Not sure what my options are but is it usual to try and get the price back…
-
Fixed Rate coming to an end :(
Hi Guys, wondering if anyone could help me. In 2007 with help of my parents I bought a house for £220k (£70k deposit, £150k mortgage). The plan was for me to live in it and do it up and then sell it and then this "recession" happened and although it's in a good location, I would make a loss if I sell the house now. For the…
-
Nationwide 5% DIP approved now waiting - questions
Hello We have had a Nationwide save to buy (5%) account since February and last week we got our DIP approved and have had an offer on a house accepted :-) However both we and our mortgage advisor thought we could commence with the full application from July but it is actually August, which isnt really a problem because…
-
Nationwide AIP
My husband and I have just accepted an offer on our house and are in the process of negotiating on the house we want to buy. It is a little more expensive than we had originally planned but we have enough cash and equity to cover a 10% deposit. We should need a mortgage of £171k. After much research I decided that doing…
-
Any advice welcome!!
So got an AIP from a building society - perhaps naively thought this would be subject to necessary credit checks. Offer then accepted on house and 3 weeks later mortgage has been declined. Turns out I have a default on my file from a phone contract which I thought I had cancelled and chase up letters never reached me as I…
-
First time buyers
Hey people, Wondering if you can help me on a couple of queries, Me and the girlfriend have a nationwide save to buy account where we only need a 5% deposit which we have now saved and been 8 months so starting to get excited about possibly moving into our first home together! I am worried sick though as her credit rating…
-
How long before I can get a decent rate?
Hi there. As some might of read already due to a default me and my partner are struggling to get a mortgage with a decent rate, so we are looking at other options, so my question is how long will it be before mortgage companies start offering better rates, if we sign up for a higher rate offer for people with defaults and…
