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Woolwich mortgage offer requires 'essential works' to be completed before completion
The house we want to buy requires some structural work; a lintel on the front storm porch is rusted, it has caused some upward movement and requires replacing, the house also needs a full rewire, alongside many other improvements. We have applied for a mortgage through the woolwich, they sent out Esurv to conduct a…
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Mortgage offer changed in a week?!
On Friday last week I went to speak to a mortgage advisor at Halifax who gave me two illustrations of mortgages, one based on a 5% deposit and one on a 10%. She took my salary and added on child benefit, telling me that the maximum mortgage that I would be able to get was £160,000. She then printed all this and told me…
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right to buy mortgage help!!??
please if anyone has any help or advice it would be greatly welcomed. me and my partner have the right to buy our council house. but are finding it really hard to get accepted for a mortgage. our property has been valued at 175000 we have a 35 % discount total mortgage needed is 113750. I earn around 44k and im full time…
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'Help to Buy' with a large deposit?
Hi all, I'm a first time buyer, I have £180k saved and am looking for a £350-400k property in London. I've popped into HSBC and been told they'd be willing to lend me up to £229k pending usual checks. I haven't paid any attention to the Help to Buy scheme but in what way could I use it to purchase a mortgage, since I…
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Help-New Halifax mortgage- employer reference. UPDATE: now with Underwriters!!!
Hello, Some help and reassurance if possible please. Me and my husband have recently applied for a new mortgage. The lender is wanting an employer reference. My husband is a temp worker for an agency. At our initial meeting MA didn't mention this was needed. Today I have supplied them with 2 more weekly payslips as they…
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Mortgage Extension Declined
Our mortgage has come to an end and we still owe £37,000. We had an interest only mortgage and over the years managed to pay a bit extra but still owe this amount. We both work full time but we're with a DMP which is probably why the building society have declined our mortgage extension application. The building society…
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Can my son help me?
I'll try and keep this short. I am 60 unemployed but looking for the last 3 years. I am divorced and have a house worth about £180K with a mortgage of £29K. I have a small Occupational Pension of £60 a week. I have other pensions but they wont pay out normally till I am 65. Now my son is renting and no way can he get a…
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Shared Ownership max staircase 80% Lenders?
Hi All We have seen a 3 bedroom house on Shared Ownership with Staffordshire Riral Homes but have been informed that the max we could stair case to would be 80% as they would always want to keep 20%. I understand that because we wouldnt be able to staircase to 100% there are only a few lenders as it is also a new build. I…
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Should I ring?
A broker is dealing with our mortgage application however he os out of the country at the mo till next week. Can I ring the mortgage company and ask where the application is up to or if its been accepted or should I just wait till next Friday x
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First time buyer - reassurance!
Hi I am a first time buyer and hoping that some of you may be able to share your experiences as I am a bit worried regarding my application. Myself and my partner both make £24,000 and £28,000 (respectively), and have been given an offer in principle from HSBC. The OIP from HSBC is for up to £87,000. We have put an offer…
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Will He Get a Mortgage?
Hi First time poster long time lurker, I hope someone can help. Me any my partner are living together in a flat I rent at the moment from family (which we have to move out of in the new year). The rent is very low and instead of housekeeping he gives me the money which I put into savings. He has never had a mortgage or any…
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Mortgage Charges
Hi, Can anyone explain to me what an 'Arrears Visit' is in terms of a mortgage. Just looking through some old charges on an mortgage and found one for this however they never turned up at the property and was never notified of any intention to do this? Thanks for any help. Sophie
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Term Extension - Please help
Hi, Looking for some advice. My father is 60 & mum is 58 and currently have a santander interest only mortgage taken out in 2008. mortgage was 165k against a 340k property. The term was 10years. They are now looking to extended the term and change to repayment. First question is how likely are they to agree to extend it by…
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Calculate payments for 2 mortgages
As a man in his 30s you'd hope I'd be able to work this out but I'm struggling. My wife and I keep some of our money separate. She has her own property which she owned outright. We've recently remortgaged both that property and the one we jointly own (and live in together) so that we could get a better mortgage deal and so…
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few questions about remortgage
Just a quick question... I am 39 and my husband is 49. We are looking to add him to the mortgage, its in my name at the moment. At the same time we are looking to add about 15k of further borrowning for an extension. When would they insist the mortgage had to end? At his retirement age or mine? If he was added to the…
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Help - Lloyd's Bank have changed the terms of thier Mortgage Offer for no reason!!
I am a 1st time buyer I approached Lloyds Bank in Spetember to see if I was eligable for one of thier 5% Deposit Local Lend a Hand Guarantee schemes. Here a local council provides Lloyds with a guarantee of up to 20% of the value of the property so long as I can provide a deposit of 5% At this meeting they credit checked…
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HSBC lifetime tracker at base + 1.89%
Short version: Salaries £54k and £31k. Deposit £225k. Mortgage required £225k. We're HSBC customers and they'll do us a lifetime tracker at BOE base +1.89%, current rate 2.39%. £299 booking fee. We've got an HSBC lifetime tracker on our current house and like it because we want to be able to make unlimited overpayments…
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Mortgage Referred
hi all just put an application for a mortgage in but it has been referred to the underwriters because my address isn't matching credit reports properly the problem is.... for the last 3 years i've been using the incorrect address for where i live... not on purpose.. but i'm worried this will have messed things up for…
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Extra advice please
We have just sold our home and due to debts and poor credit score will be renting as soon as the house is completed We have equity in our home with which we are putting the deposit for our next house purchase to one side and using the rest to pay outstanding debts There is one default on my credit file, this account will…
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halifax early repayment charges
morning all, im looking to pay off my mortgage in full, however i have a slight query with regards to the early repayment charges (if they are applicable) my 2 years fixed rate ends on the 1st november and i know that if i was to pay my mortgage off in full before that date, i will incur a charge of 2k. my question is, is…
