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FTB - Halifax Mortgage vs Credit Report
Hi, My fiance & I are about to apply to for a FTB mortgage with Halfiax. Her credit report is fine. My has 2 late payment records (both for around £500) which were settled in Sept 2010. I have no other credit issues. We are looking for an 80% LTV mortgage (house price £155K deposit £31k). I bank with Halifax and have no…
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HSBC switch to better offer after booking fee paid
Hi, I am currently applying for a lifetime tracker with HSBC. They called me yesterday and asked for the booking to be paid which I did on the phone. I checked their website today and saw that exactly the same product has now a £100 lower booking and a 0.1% better rate. Do you think they should allow me to switch to that…
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Confusion on porting existing mortgage
Hi all, I wonder if anyone can help. I am in the process of selling my shared ownership property in London and buying a house in Colchester :j I bought my 30% share for £57,750 and it is now worth £60,000. My remaining mortgage is £40,000. The property I am buying is £145,000. So, first question, am I able to use the money…
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Property Entitlement (seperation)
Hi all, currently sadly on the verge on a relationship breakdown. Every time I approach my partner to discuss she refuses to talk and thinks it will all blow over, this has been the case for several years now. Come the end of the month when it is time to top up the joint account which pays everything including the mortgage…
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Mortgage decision question?
Just wondering how people here received mortgage approvals / declinatures. Did you find out by letter, telephone, text, etc? Cheers
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Curious how much you ACTUALLY need
I'd love to buy a house with my partner but we can't really afford it. I have about £5k saved which basically means we could go for a house up to the value of £100k. Then I know you have lawyers fees, surveyors fees, postage fees and whatever else fees. Is this sort of thing worked into the mortgage or would it be 5k…
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remortaging and taking off/adding name to mortgage and deeds s
Hello, We are in the throws of: Remortaging property with new bank Taking my partners ex off the mortgage and deeds My girlfriend and I are concerned about the documents her ex will receive and what information is included in the documents he will have to sign. In short, the deposit came solely from her side of the family…
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Can you get a mortgage to buy an adjacent property?
We live in the upper part of a Victorian house that was converted into two flats back in the 1960s. Our mortgage will be finished in February and is currently tiny. Our downstairs neighbours are moving and we are looking at buying downstairs and moving in my aged Ps, as tenants on a nominal rent. We saw the Nationwide…
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C&G customer retention products
Hi all My fixed rate with C&G ends in November and I'm trying to work out what retention products they will be able to offer. I phoned them but they said to call back when there's less than a month to go. The website is really confusing and although the rates are listed I can't work out which would apply to me. I will have…
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Any chance of re-mortgaging?
Hi, My husband and I would really like to move to a different area but due to past circumstances, do not think we've got a chance of getting another mortgage. Earnings; Him 40-45k per year self employed, me 48k employed. Currently 100k approx equity in home, 100k current mortgage. He previously had some quite bad cc debt…
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Process Between Exchange and Completion and what impacts this
Hi would like some input on this to try and assure myself. My wife and I have exchanged on a house, we complete in 2 weeks time. Credit Score was 999 at time of mortgage offer, prior to exchange I spent about 10k on the card, but have cleared it as I pay my card off every month in full, however, my credit file has picked…
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Purchase outright then take mortgage at a later date
I have seen a house that I am interested in purchasing, but wouldn't intend to live in it until probably 5+ years down the line. It needs a bit of work so I am thinking of buying it cash doing it up then taking out a BTL loan so that I can rent it out until I'm ready to move into it. My question is, is it perfectly…
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Credit card footprint when renewing mortgage
Hello, everyone. In November I would like to renew my mortgage, IE I'll be buying a new property and getting a new mortgage with a different lender. This will obviously involve a credit search. At the moment I have very good credit indeed. I was thinking of applying for a new credit card and am strongly inclined to wait…
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When to turn in the deposit, and to whom?
Hello All, We're just starting down the road to buying our first house. We have a 40% deposit, but some of that is tied up in long term ISAs. We will take a hit on these in forfeited interest, but it makes sense to have a bigger deposit. However, we're a bit confused as to when we need to actually have that money…
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Let down by HSBC..
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HELP: Buy-to-let mortgage advice
Dear all. I'm a reluctant landlord with a main residence and a buy-to-let property. My main mortgage is £236k. My buy to let is £125k. I am in the position to now remortgage my main residence - possibly up to £286k (£50k more than I actually need to redeem the mortgage with my previous lender). If I use the additional £50k…
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Can solicitor delay repaying mortgage to avoid ERC?
This is probably a really stupid question but... My current mortgage deal ends on 30th September, which means if I repay the mortgage on 1st October I will save £1700 ERC. Although I've been desperate for a quick house sale, that just has't happened so I'm weighing up whether to hold out now for a completion on 1st Oct, or…
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Remortgage Top Up Only?
Hi I've been struggling to get a conclusive answer to a question and thought someone on here might be able to help. We're looking to move at the moment for which we'll need extra borrowing. On our current mortgage we are 1 year into a 5 year fixed rate so we will be porting that to avoid the 5% ERC. We are therefore tied…
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Transfering Offset Mortgage to bigger house?
Can anyone help me understand this process please? Rough figures for my situation: Current house: Worth £120k, 2 bed Remaining mortgage: £85k Offset savings: £20k, increasing £1k+ every month (Mortgage is transferable, unlimited over payments allowed) If I wanted to move and buy a bigger 4 bed house while keeping the same…
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Possible silly question re mortgage payments...
Hi, hope someone can help me, I can't find the answer by searching the forums! Are mortgages paid in arrears? So the payment gone out today actually covers last month? Never really thought about it before & am slightly confused! My fixed rate ran out on 31 Aug & I've dropped down onto the SVR, so was expecting this month's…
