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Remortgage Valuation
Hello All I am astonished that my lenders drive by valuation has come back with a valuation of 275k for our 3 bed terraced in London. Prior to the valuation it was valued by them at 287k. I am so annoyed and do not know what I can do as similar properties on nearby roads are selling for at least 30k more in worse…
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AVIVA Endowment Policy Confusion
Hi looking for bit of advice. I am not sure whether my policy is doing well here and whether I could do better. Any thoughts / opinions/ advice on this would be greatly appreciated. Summary: 25 year endowment policy with AVIVA Target : 42,000 Maturity: 28/Nov/2019 ( @6yrs) Pay: @67 Mortgage Endowment Promise: Short fall…
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Halifax Mortgage 'decision in principle' credit check
Good morning everyone! I am a teacher ( please don't berate me for this). I am looking for 90% LTV and have my own 10% deposit. I have been through a mortgage broker who has emailed a decision in principle based on 180k mortgage along with a key facts statement which sets out repayments and interest rate. The offer is…
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HALIFAX…. Mortgage Application Question.
Hi, Just wondering ifanyone can put my mind at rest – rather than bugging the mortgage advisor at Halifax…again! We applied for ourmortgage in Branch on Friday, got a AIP there & then. Gave all the IDs& Payslips there and then also. Offered on a house the same day, acceptedand started full application with Halifax…
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Are we FTBs or Home movers?
My other half and I are looking to buy our first home together on a joint mortgage. She's never had a mortgage before and I've had a mortgage for the last 5 years on a property which Ive sold to assist our purchase. My question is, In the eyes of a lender, are we classed as first time buyers, because of her status, or are…
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Mortgage Quota filled for Area? + good buy to let providers for multiple properties
1. I'm in the process of buying a new property. I went through the application with builders for the new development and when it came to the point about my current mortgage provider (C&G/Lloyds) the woman told me that the Halifax group (who must own Lloyds?) have already filled their mortgage quota for this development…
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Awaiting Completion, Credit Checks...
Hi, was after a little advice if possible? Me and my girlfriend are awaiting completion on our new build property, have been since April this year! Anticipated completion date of November 22! My mortgage broker advised us not to have any further credit checks, pretty understandable, however myself and girlfriend went to…
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Am I missing something 90 % v 95 %
Just comparing mortgage rates online and seems that if I had to save £17k for a 170k home chelsea building society 3.54 over 30 years so 90% monthly payments would be £691 Or £8.5k deposit on same price house @ 3.69% £741 so rather than put the full 10% deposit down I just as well go for 95% mortgage and keep the extra in…
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Mortgage for holiday let
This is a completely hypothetical question (at the moment at least) but how would you go about getting a mortgage for a holiday let in (e.g.) Cornwall? For example would it be possible to get a buy-to-let mortgage for a property which you would use yourself for some of the year and rent out to holiday-makers at other…
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Do we use 50k as deposit or to clear DMP?
Hi, I've browsed through the forums and can't seem to find an answer that fits my question so hoping its ok to jump in and ask. My husband has a Debt Management Plan with Stepchange (who have been incredible). He has so far paid off 17k of his 35k debt. He has recently had to reduce his monthly payments due to my income…
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How much can I borrow?
My salary is £26,260 and I have a deposit of £40,000. I will be a FTB. Are there many lenders that would be likely to lend me £120,000? This is a little over 4.5x my income and would mean an LTV of 75%. I would like a competitive interest rate, so if borrowing this amount would restrict my choice of lenders much, I will…
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Bad Credit Mortgage
Evening, I'm after a little advice.... Myself and my sister have recently inherited approx £28,000 between us. We'd like to pool our money and put down a 20% deposit on a mortgage of £110,000 and use the remaining to improve the property and add equity. The only issue is, that the mortgage may have to be in my name as my…
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Mortgage as full time employed but remortgage as self employed
Hi All, First of all a big thanks for the wonderful advice I found on these boards so far. I have been finally offered mortgage by Abbey. Though the interest rate on Abbey mortgage was higher than HSBC one yet I opted for Abbye due to no booking fee and free valuation. We have been offered mortgage as full time employed…
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LTV loan to value
Please can someone explain How are LTV loan to values calculated? Thank you......
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Chances of being accepted with 95% mortgage.
Evening all, I'll keep it quick, I have 8 missed payments from 2007-2010 on a credit card but all settled and plenty of other credit before and since to show I have changed my ways. Its been 40 months since the last late. My partner has two missed payments from EE(orange) in 2012 that should be removed ASAP as they are not…
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What are our chances!?
Ok so am in the process of going for a mortgage through a whole of market broker. Mortgage going through partners name. Salary 26k Looking to borrow 95k Deposit £10k Only problem is, low credit score of 717 on experian due to just being put on electoral roll last month and outstanding balance of around 5k on car finance.…
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Early repayment charges on SVR (Alliance & Leicester)
Hi everyone, I'm trying to sell my flat which is mortgaged on an Alliance & Leicester SVR. Will I have to pay Early Repayment Charges? Or do those only apply if paying off the mortgage in its initial discount period (I had a discount for 2 years)? If I'll have to pay anyway, I'll go through the trouble of remortgaging with…
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Mortgage on a house that requires refurbishment
I am in the process of potential buying a 1930s house which needs to be renovated. It appears to be structurally sound (although no survey done yet), with no signs of damp. I've had a builder look at it and he thought the roof had been replaced in the last 20 years and was also sound. The kitchen and bathroom are…
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Do any lenders take overtime into account?
I did search the forum but the last thread I could find on this was in 2011, so I thought things might have changed since then. I'm training to be a police station representative and will eventually be earning a lot of money in out of hours. My colleague's base wage is £21k but he's a higher rate tax payer because of what…
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Mortgage approval
Does anyone have an idea how long it takes to get an in principle agreement? I'm in Scotland, so I need to have this before I put in an offer.
