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Bank Accounts with mortgage
Heyy! I currently have a bank account which I am not getting much use of the benefits from! I have found a current account which costs me less a month for the account fee and has better benefits and products. I have been with my bank account since I was 14! so will be about 11 years now!! I am currently saving and will be…
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Can I get a mortgage?
I would like to move location and buy a house renovation and leave a sum of money in the bank for this. My Deposit would be fairly substantial but as I am moving would not have a job immediately. Would I be able to get a mortgage? My plans are to rent a couple of rooms out for income, but get a job asap once moved and…
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Why does my fixed rate tracker monthly interest fluctuate month by month?
Hi, My HSBC mortgage is a capital repayment fixed rate tracker (3.29% above BOE base rate). However, my annual statement shows that the interest applied each month fluctuated up and down throughout the year. For example on month 2 it was £884, month 3 £848, month 4 £902 as a rough example. I thought the interest would…
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Mortage with Skipton BS
Hi All, Our on line tracker states mortage completed 26/09/2013. does this mean the mortage is now closed and money is with the solicitor for the move tomorrow? thanks
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Pub company won't give back deposit
Hi guys firstly thankyou for your and advice here we go. I was offered a pub to manage with a pub holding company for punch and I was asked to put down a deposit of £500. I was to be paid on a commission based role so that I would be taking a % of the takings. Firstly the pub I was offered had health and safety problems so…
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Mortgage Approval
Hi Me and my partner are thinking off selling up and moving to a new property. However I wanted to know before I sell up would I be able to make a full mortgage application which is approved before deciding on the property I want to buy or do I have to make a mortage application on a property I have seen. Reason i am…
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Advice on Affordability
Just to set the scene... First Time Buyers Offering £130k for a house up for £135k (1950's Semi) Current Wages: £31,500 & £16,500 15% Deposit Ready (£19,500) Looking at 5 year fixed rate (85% LTV) @ 4.49% 25 year term = £615PCM Given the current housing situation would you say this is a sensible move? Thanks :)
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Lifetime tracker and gift: higher deposit or post-completion lump sum?
I'm applying for a lifetime tracker (Santander). I've been offered a gift from parents towards a deposit. Since it has zero ERCs, and won't cause me to cross an LTV boundary, I can choose whether to put the money actually in the deposit itself, or leave it until just after completion and pay off some of the mortgage as a…
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Santander affordability credit card payment double-counting?
This calculator showed for me a dramatic effect of "monthly credit card repayment" on the amount that they think is affordable for me to borrow: http://www.santanderforintermediaries.co.uk/calculators/affordability.aspx For me, the function of my credit card is to pay for things, not to borrow money, except incidentally.…
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New Buyer Mortgage advice
Hi guys My Partner and I are applying for a new build mortgage through the help to buy scheme. We've seen a house but a reservation on it and have submitted an application through our mortgage adviser. We have paid for a survey and have got a satisfactory report. Bank yet to approve application. Problem seems to be Hubby…
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Mortgage Applications, Returning to Work & Childcare Costs
Hello, I posted this elsewhere, but think I must have posted incorrectly as there have been no responses. Apologies for the duplication. I need to make the decision whether to go back to work full-time, part-time or at all after maternity leave expires. Unfortunately, my salary will only just cover childcare costs (and…
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Longer mortgage with big over payments?
I'm looking to remortgage after finishing my 2 year fixed deal with first direct. I am hoping to switch to another deal with the same Bank. I can afford to pay around £400 a month The mortgage i'm looking at is a 2 year fixed deal at 2.79% before dropping onto a SVR of 3.69% It has the option to make unlimited over…
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House agreed, thinking of buying, mortgage???
Hi We have currently agreed our house sale and will owe approximately 6k in mortgage. We will probably put 10% down on our next purchase, we want to purchase in Belfast. We both have excellent credit history though one of us has one late payment recorded in 2010 on Equifax file and other 2 in 2008 and 2009. We are looking…
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Banks and historic anomalies - need an interpreter
I am in mortgage arrears with my bank. They would like me to pay off the mortgage by getting a remortgage with another bank. I need help interpreting 'bank speak' as they also said that my home loan has ended up in the debt recovery department (which usually deals with corporate debt) as a result of a historical anomaly…
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mortgage application in one name.
Afternoon, Going to be applying for a mortgage very soon in my name only. I will be speaking to a broker next week but would like to know the following. Would credit card dept in spouse's name affect the amount i can borrow. Her name wont be on the application but of course the monthly payment will show on our joint bank…
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Santander and my credit file
I am after some advice. I have just spent 6 months on the dole, and finally got a job 2 weeks ago. I borrowed money to pay off the arrears on the mortgage, and did this promptly. After checking my credit file I see that I am showing as a 1/5 on Noddle. NOT GREAT. When I look into it it seems that Santander have recorded my…
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SOS - Timeframe for valuation - Woolwich
Hi everyone, I'm in a tricky situation. In summary, the housing association is giving me 10 working days to get my valuation done. (Long story of the reason for this, happy to explain if it makes a difference) If I submit tomorrow morning my application (I already have an agreement in principle) with Woolwich, do you think…
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Best 5yr fix
Ok so now I think is the time. The deals are gradually getting eroded away. So I think the Yorkshire BS 5 yr fix at 2.59 is the best to date. Any offers to beat this. (5yr) only. Pin:rotfl:
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Going against mortgage advisor advice
If a mortgage advisor at a bank advises you not to take a certain mortgage is the only way to get around this by applying by phone (until the end of the year) or online?
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how much is int and capital re payments?
How do I know or work out how much of my mortgage payment each month is capital and how much is interest? Sorry if its a dumb question with an obvious answer:)
