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Mortgage advice on staircasing shared ownership to 100%
We own 40% of a shared ownership house in Essex. After a disappointing valuation we decided it was a good idea to purchased the remaining 60% to own the property and obtain the freehold. We need to get a mortgage for the full amount as our current lender is not willing to provide a mortgage when we have so little equity.…
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which benefits can be used as income??
Hi, we currently have a mortgage of £194,000 at 1.6% variable. Our circumstances have changed considerably since we took this out and whilst we have a favorable rate im worried if when the time came to change our mortgage no-one would lend to us :( . We have 2 children...And I wondered if/what benefits listed below could…
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Nationwide Mortgage – Free Valuation on 2nd property?
We have previous had our mortgage offer accepted with Nationwide and got to the point of undertaking a survey. This survey found serious issues and we pulled out of the purchase. With this mortgage, the valuation was free and we paid approx. £200 to upgrade the survey to a homebuyers report. We have now found another…
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Woolwich Opinions please
Hi, I'm applying for a shared ownership mortgage with Woolwich and would like to know if someone has had any experience with them. Which are the turnarounds? Are they specially picky about something? Any advice will be much appreciated! Thanks!
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Help with my mortgage?! Clueless
Hi, Im a first time buyer, me and my partner have had our mortgage for 2 years with Halifax. We have just come to the end of our fixed rate and wanted to re fix our mortgage for another 4 years. The problem is since we took our mortgage out I have had to go part time. Which is fine as we had savings and our mortgage…
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Chances of getting a mortgage next year?
Hi all :) Was hoping for some advice from the wise souls out there Myself and my husband were hoping to apply for a mortgage next year. We are currently renting we did have a mortgage 6 months ago but sold our house (long story) to rent for a while. I have received both credit files from experian and here is what is on. 1…
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Additional borrowing declined by C&G
My partner and I asked C&G for a further £75000 to add to our mortgage of £71500 over a 14 year period which is the term left to run on the original borrowing. The extra cash is for house renovations and an extension. We purchased the house nearly 4 years ago for £380000. We had two estate agents around to give us their…
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Remortgaging with partner who has bad credit
Hi, 2 years ago we purchased our first property with a 10% deposit. Being FTB's we were offered a delighful rate of 6%. I have looked forward to the day we can remortgage, and we are currently on Santanders SVR of 4.74% which is an improvement. However, there are much better deals around. The problem is that within the…
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who does mortgages for dependent relatives?
We want to remortgage on the house we own which our folks live in. It is already on a dep relatives mortgage but does anyone know who else does such products?
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mortgage over payment question
I'm a little confused, as an example I tried the early repayment calculator on this site, I plugged in £250,000 mortgage and then indicated a one off overpayment at day one of £100,000. On the basis of an interest only mortgage i would have thought then that the outstanding balance would be £150000 for the remainder of the…
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Vendor relisted property
Hello all feeling abit angry here:eek: Exactly 4 weeks ago my offer was accepted on a property via my solicitor and after this I proceeded to apply for full mortgage application with Natwest . Having gone through a lot of stress from faxing documentations, going to the branch to submit payslips that I have earlier…
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Nationwide Save To Buy account - How to release deposit from account before Exchange?
This is probably a stupid and obvious question, but I'm a fairly clueless first time buyer and I've got a question about how we need to organise our funds ahead of exchange. The last of the outstanding legal bits have been sorted now, and have been told by our solicitor to prepare to come in and "sign something" later this…
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Having trouble proving deposit origin (Nationwide, Santander & ISAs)
Basically everything is fine apart from the origin of the deposit that i am providing. The mortgage has been applied through Nationwide. The wife holds an ISA with Nationwide. She went to the front desk, got a printout of her Flexclusive ISA account, it was stamped, submitted & OK'd. I went to Santander, got a more…
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paying extra off mortgage versus help to buy debt
We want to pay some extra money off our mortgage - about £100 each month but don't know whether we should pay it off the main mortgage debt which carries interest or the help to buy portion which is interest and fee free for the first 5 years. We know the general rule is to clear debts which carry the highest rate of…
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Mortgage advice
Hi, 1st post on here, looking for some advice and guidance. Unfortunatly I have a poor credit score due to going in to default on a few of my credit agreements, due to my ex wife walking out after 22yrs together. I was left with the house and the debts associated with it and the care of my 3 daughters, wife walked away…
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GMAC Complaint
Hi How do I complain to GMAC RFC, if they are no longer my Mortgage Supplier??
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Redemption value of endowment policy
I track the performance of my endowment policy on a regular basis and, like most policies, is not on target to pay out the sum assured. I am seriously considering redeeming the policy as I have sufficient life cover elsewhere. When the bid value reaches a good rate, e.g. on Tuesday morning I see how it performed by close…
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Overpaying an endowment mortgage
I've googled this on behalf of a friend and we are now both completely confused! My friend has a endowment mortgage due to end in six years originally for £27,000. Of course the endowment policy has a shortfall which is currently around £6,000. I (I'm no financial advisor) suggested an ISA which she already has but she…
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Refund on mortgage broker fee
I had recently been researching my (re)mortgage situation on a flat I own, and through my enquiries, got a call from a mortgage broker. After going through some illustrations, the broker put me onto a good rate on a buy-to-let mortgage (I don't live in the flat and have tenants in it). It seemed like a good deal, so I went…
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First Time Buyer
Hello, My husband and I have been saving for a few years and are now ready to put a deposit on a house. We both done lots of research online but there are a few things which we just don't know the answer to. We were hoping that somebody here may be able to help. We are looking at buying our first home in a completely new…
