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Credit Card - Mortgage
Sorry I hope this makes sense and isn’t too much of a stupid question - If I pay my stamp duty and fees on my credit card (approx 3k) will this affect my credit rating and then affect my mortgage offer (I have it offered and waiting just waiting to exchange and complete) do they reassess it again type of thing? Or shall i…
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Interest Only Penalty Advice.
Just discovered our £440K interest only mortgage with Northern Rock has an £11,000 penalty if we change before Nov 2014, reduced by 50% if we take out a different product. House has been sold and we both have a very good equity pot as we want to downsize. Is there anyway out of the penalty clause or do we pay?
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Stuck in a rut with nram, help needed please!
Long story but here goes, Bought house in 2005 and had a together mortgage, between then and 2009 extra loans were taken out to central heat/ replaster etc, now outstanding are 4 parts, 98500 sec 3300 sec 2700 unsecured 8000 sec Estimated figures, there's is a total of 111500 outstanding, with 109,500 between secured debt.…
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Problems with Yorkshire BS?
I like the look of a 10 year fix that Yorkshire Building Society offer, but our broker has said that they're a bit of a nightmare to deal with and are slow at processing applications. Is that something other people have found? EDIT: Might have answered my own question :D http://www.reviewcentre.com/reviews113547.html
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Mortgage advice needed please
Hi Please advise me if this is on the wrong board and I will move it. My father has come up with a proposal for me that I need advice on. His suggestion as I understand it is that he is offering me £15,000 for a 10% deposit payment on a house. His requirements are imo rather unrealistic (he lives abroad therefore may be a…
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NRAM - couldn't care less
Has anyone had any experience of reclaiming mortgage exit fees from NRAM? They took two and a half years to tell me I didn't have a case, and a phone call made clear their contempt for ex-customers. A bad bank in more than one way. What a shower! FOS next stop.
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Which lenders offer 90% LTV offset mortgage on New Build?
Anyone know which lenders offer a 90% offset mortgage on a new build? Looking to buy a new build and already have 10% cash deposit. My current home is mortgage free and on the market for sale. To enable me to proceed with the new build home I would like to have a mortgage setup to cover the purchase and then when my…
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Mortgage with monthly overpayments
Hi there, I would really appreciate if someone can advise me on this. I am 29 years old earning 60000 per year and have been accepted for a property costing 225000, i will try reaching to 33750 deposit which will give me 85% LTV. My question is which mortgage is best for me when i can afford paying monthly around £1000. I…
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mortgage for work permit holder
Hi All, I am looking to get a buy to let mortgage on a property which i already own 50% of it . I need to buy the other 50%. I am not a EU citizen and on work permit which has roughly 2 years and 5 month left . I believe I meet all of the critirion of the lender apart from some whom need 3 year or longer validity on the…
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Mortgage advice needed please!
Hi I’m a newbie but looking for some advice, so I really hope you don’t mind the in depth questions. I am trying to get a 90% mortgage at the moment, thanks to a generous offer from my mum, and finding it very difficult. I am looking for a mortgage of £144k, based on a property value (in London) of £160k. Here are my…
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Repossession of property in probate
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Borrowing additional money on current mortgage
We have had an offer accepted on a house we really want to buy, but they want a quick sale so will not give us time to sell our house. I have arranged a first-time buyer's mortgage as I am not on the mortgage for our current house and we were going to get the rest of the money from our existing mortgage. We have overpaid…
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Company Director and Mortgages
Hi Everyone, Cracking forum! I’m hoping someone can help, I’ve started looking into the idea of trying for a mortgage but the way I pay myself (very common scheme) is via both PAYE and Dividends, I don’t pay out any tax on my earnings so what I take out I take home all of it which currently is 21K My wife receives £5k a…
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95% Mortgage Advice
Hi all As a first time buyer attempting to get my head round all of the information out there, I'd be grateful for any advice! I'm looking at 95% mortgages, largely through the Help to Buy scheme, and am unsure as to what looks likely to be the best deal/option. The options being: 1. RBS 2 years fixed at 4.99%, 4.0%…
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Are we dependant on selling in order to buy?
Apologies if this subject has been covered before. We are looking to buy a house near my family and move in before spring due to having a baby. I'd rather complete before I'm too near my due date. Now we are in a good financial position with a 25% deposit, secure salaries, no debts and very good credit histories. You might…
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Nationwide approved solicitors - can you not use them?
Hi, heres some facts: * I have a new job & moving areas * Selling our flat & have solicitors handling sale * Saw new house & had offer accepted Rung Nationwide (our current lender), because we don't need a bigger mortgage, just move the one we have to the new house. Nationwide say 'oh ya, no problem, you just have to use a…
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Mortgage through broker or direct deal?
I have now seen a mortgage broker, as well as done my own research into what mortages are available, with a view to getting an AIP. I think I have found a direct deal which is better than the ones the broker found for me and I have a couple of questions: Is the direct deal I found really better than the broker ones? The…
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single or joint mortgage?
When speaking to my bank they advised that if we applied for a joint mortgage but where my partner's income was not included then they would lend less as my partner would be 'financially dependent' on me. If I apply for a mortgage just on my single income will this make any difference? We're married, will be living…
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Mortgages for the Disabled
Hi, I would be grateful if you could read my post and maybeable to help. I'm disabled witth cerebral palsy, have lived in my own house for 18years supported by a team of carers. I've had a mortgage all that time from Nationwide whichhas 7 years to run. I now want a £30,000 loan from Nationwide to help in thepurchase of…
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Is It a Good Time to Get a 5-Year Fixed for FTB?
I had a mortgage application in place for a property purchase that fell through. I had supposed "financial advice" from the broker that was linked with the EA for that sale, and we decided on a 3-year fixed with Accord (which is 2.29% for the deposit I had but then reverts to a 5.99%). I now of course lost the valuation…
