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Mortgage help
Hi I'm new here this is my situation that I'm trying to find the answer to I own my property out right value around 140k I want to relise 50 k equity from it i work on temp contracts i have been to loads of mortgage brokers all say it can't be done i find it ridiclous when I have all my equity in it Any help would be much…
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could i request a survey after valuation been carries out?
Hi everyone I have just been emailed my valuation report from Colleys and its picked a few things like penetrating damp which may affect timbers, some dangerous aspects of electrical work and also some parts of may contain asbestos Now i know the shed/outbuilding in the garden has asbestos roof so im wondering if thats…
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DO I qualify for Help to Buy \ New Buy Scheme
Hi Im looking at getting a new build property on either the Help to Buy Scheme or New Buy. From reading the scheme it seems to be for people who can afford a property but haven't been able to save up the deposit yet. I'm in a different boat as I have the 20% deposit but with my earnings I won't be able to get a mortgage on…
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SA302 Combined Self Employed & Employed Income
Does anyone know of a mortgage lender who takes into account both self employed AND employed income (for an individual registered self employed person)? My SA302s show both types of income (as I sometimes do the work as a freelancer but sometimes it has to be taxed at source) but a few mortgage lenders I've approached will…
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Overpayment does it come off acutal amount or interest
Hi, I have been thinking about paying an overpayment into my mortgage. But would like some clarification as am unsure how this works. If I say payed in £1000 as an overpayment into my mortgage account would this £1000 come directly off the amount I owe on the mortage. i.e. £150,000 - £1000 = £149,000 Or would I have to pay…
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Securing the mortgage
Good evening, I have successfully got a agreement in principle this evening :D . I am buying my step sisters flat, it's her and my Grandad on the deeds, it's currently mortgaged. My Grandmum is gifting the deposit who is not on the deeds. The property is not a discounted purchase. Will Nationwide have any issues with the…
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Suspend pension to overpay mortgage?
Hello, in 2011 I restarted my pension as a mixed stocks/shares SIPP pension following IFA advice. I am 40. Current valuation is approx 26.5k, contributing approx £350/month. I think I qualifiy for some tax relief. I don't have a clear idea of recent performance, as I stopped payments for a while in Q1/Q2 2013. It's for a…
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First-time buyer with unsecured debt...
Hi all, Apologies if a similar topic has been covered before. Following our wedding we currently owe £11500 (£9500 credit cards and £2000 overdraft). We also have £7000 savings Although possibly more costly in the long term, we are looking to buy our first property as soon as is realistically possible but am unsure of how…
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help understanding my offset mortgage please
Hi I currently owe £45000 and I have £45000 saved and its an offset mortgage, I have just come off a 2 year fixed deal onto the standard variable rate 4.74% I was previously paying the full amount to shorten the term which was approx £270 per month since going onto the SVR I have asked to just pay what is required to clear…
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Erc
Hi if someones mortgage needed to run till the end of sept to avoid the above , does that mean they couldnt exchange on a purchase in sept or complete ? I`m hoping the answer is complete... or is it dependant on lender? cheers
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First time buyer. A few Q's.
Hi. I'm first time buyer looking to get a 90% mortgage. I have seen a property that I really like. Having never applied for a mortgage before I am a bit confused and nervous. I am wondering if it will be better to go through a local town mortgage broker or apply online direct to the bank? I have seen good rates at First…
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Halifax Mortgage - Insurance added yearly - what is it ???
Does anyone know what the insurance is added at the beginning of the year to the actual mortgage account... as my mum.had it fo 13 years and doesn't know what it is ??? Any help what be great
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Am i likely to get in trouble or mortgage declined for this?
Nationwide are sticking on our proof of deposit again. Basically we're depositing £55k, which is all legit. One question they had was about the £1,000 transfers from my current account each month. I explained to my IFA that this £1,000 completes a circuit - it starts & ends with my bank account. There are bank accounts…
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Skipton BS DIP
Hello again - I wonder if anyone can answer me a question. I received a DIP from Skipton Building Society and my mortgage broker recommended a 3 year fixed deal at 2.79%. My application has just gone in. My problem is that I am worried about being rejected. The broker is sure that Skipton have already credit checked,…
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Mortgage Offer - another question.
Thanks for the quick response to my first question earlier re martgage fees. I have just finished work and sat down to read the mortgage offer received this morning along with the Mortgage For Valuation purposes. (Abbey/Santander) Lets start with the MFV report first.......- section 11 Repairs recommended as a condition of…
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Closed credit a/c's and remortgaging
We are about to look for a new deal and we have a couple of recently closed credit accounts that are not yet showing so on our credit file.So an 'in between' period. We do however have confirmation letters from these credit companies that the account has been satisfied and therefore closed. Will potential lenders accept…
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Mortgage choices
Hi All, I wrote on here yesterday and got a couple of questions answered, but each day seems to bring more confusion! So, I am selling my shared ownership flat for a house. I have a £40,000 mortgage on the flat, at 4.29% fixed until June 2014. I will need another £90,000 to buy the house. Santander have suggested a 2 year…
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mortgage offer says freehold but property leasehold...
Hi We were due to exchange yesterday but vendors solicitors have said that they've just realised that their mortgage offer says the house is freehold when it is leasehold and need to confirm with lender that they are OK to proceed How likely is it that this is an Issue with a capital I? Will they need to wait for a whole…
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Santander - Mortgage Account Fee ??
I have just had my mortgage offer through. It states Mortgage Account Fee of £225 - however my broker said the mortgage I applied for was fee free and free valuation. I have queried this with the broker and he says it is an "exit fee" and not an "arrangement fee" and not payable until the end of the mortgage. Does this…
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Secured Loan After Reposession
I am looking for some advice on a secured loan I have with Welcome Finance. My property was repossessed in March and is now sold for £32k less than I purchased it for - not happy as it was in excellent state of repair and worth a lot more. Anyway I had a secured loan with Welcome Finance and there was a shortfall when the…
