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Loan to top up mortgage deposit?
Hello, My dad had an interesting idea and i wasn't 100% sure if it could be done so i thought id ask. We are first time buyers, i have no debt against my name and my partner has a small £80 loan with two years left. Could we take out a loan for around £3500 to top up our mortgage deposit? Or would the mortgage people…
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Mortgage Overpayment Help
We are with Santander and can make overpayments of 10% of the outstanding amount at the 1st of January during the year. However, we remortgaged with Santander during this year (say in the middle of the year). So does this mean that the 10% overpayment limit counts up to the middle of the year and then restarts between the…
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Government help to buy scheme
I'm looking at buying a pre lived home, so the government help to buy scheme (mortgage guarantee) looks the best for me. The property i want is £89,950. I have had a DIP from nationwide BS for £65,000 (the underwriter said that is the absolute max they'd lend me), i have £11,000 for a deposit and also £1,800 for any fees /…
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Kensington - timescales
Hi, just wondered if anyone had any experience with this lender, can't see anything recent when I search the forum. Going with them as I'm self employed with 1 year accounts. Got AIP quickly, but since submitting full application we've been waiting a while and today they have asked broker for approx. 8 further pieces of…
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Low valuation - is it right?
Hi there We have made an offer of £300,000 for a property that was listed at £280,000 (got into a bidding war and was best property we had seen by miles and it went to closed bids so we went as high as we could). I expected the valuation to come back less, probably £280-290k, but Nationwide/Countrywide have come back with…
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Will We get a Mortgage?
Hi all, I am looking for somone with experiance to advice if we are likely to get a mortgage. The details as follows; Un-married couple with a 1 year old. Me - Credit score 791 nothing on report except upto date credit card with £1,000 on & £450 overdraft with zero balance. Partner - credit score unknown as she's never had…
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Missold Endowment, is it true that I can still claim?
Hi I've been approached by a company who tells me that I am likely to succeed in a reclaim despite having been previously turned down. My endowment ran from 1984 to 2009, it was sold with a projection of doubling my investment ie paying off the original loan and having a lump sum of at least equal value as profit. I was…
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Mortgage advice needed please - credit file.
Partner and I applying for mortgage. Combined salaries are £73k. (Mines is £42k) House price is £216k Deposit - 15% LTV - 85% The 'Agreement in Principle' as applied for by our broker was rejected today - by two companies :( Accord and Abbey I think the names were. My partners file is fine. Mines is not great, but I didn't…
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Re-mortgage Advice
Hi Everyone I'm considering switching my loan which is interest only to repayment and i want to know who should i go to for re-mortgage? Currently im with santander ( the worst bank in the uk) and i want to move everything away from them. Currently my mortage is 70K and i have been approached by lloyds bank which i have…
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LTV question
Hi all, a question question: I currently have a LTV of 77% and was wondering if I should find the funds to get 75%. Do I need to get exactly 75.00% to get the LTV of 75% or would it be possible to get a LTV of 75% with a deposit that amounted to 75.99%? Thanks! Xael.
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Help to buy - Less than 75% LTV
Hi all I am looking at buying a new build through the help to buy scheme. My partner and I can only borrow a max of approx. £163,000 (quote from Natwest) we would like to buy a house for £230,000. Without the help to buy we would have to put a £67,000 deposit down. Documentation on the scheme always mention a 75% LTV…
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3 questions about credit report for mortgage
Hi Hoping I can get some advice for my brother in regards to getting an aip mortgage. He went to Barclays today to apply for an AIP expecting to be offered approx £112,000 but the adviser said they would only offer £89,000 - she couldn't understand why it wasn't more considering his income and £20,000 deposit so said it…
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Name on Deed and Mortgage
Hi I am about to purchase a new house. I am using all the money from the sale of my house now to put towards the new house. A friend wants to invest in my house also to help me to buy it. So he is arranging a mortgage for the rest of the money. I am investing all my money which is approx. six times the amount he will need…
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Shared ownerships mortgage providers that DO accept ex-IVA
Background: I started an IVA in 2006 which was completed by way of F&F settlement in 2009, it came off my credit report in 2012 and have been out of my IVA and managing credit for over 4 years now, I've been saving for a deposit in that time but realistically my only option is shared ownership. I know there are limited…
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Mortgage affordability advice! Please
I have been advised to re post this here after posting elsewhere in the forum. So apologies for the dupe! We have found a house which we want to buy in a private sale and the owner is asking for 135k for it. My boyfriend earns 16k a year and I earn 18k basic and 21k with enhancements in the NHS. We were saving 10% but now…
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Mortgage/Endowment Advice on Selling House
Hi, I'm hoping some may be of assistance, I am not the said person who is really requiring the information it's just that someone had asked me about selling a house, and I have never done so. So the info might be a bit sketchy. Basically a family member is in a right mess financially, some serious bad debt, to put it…
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£950 monthly mortgage payments- too much?
Hi everyone, Firstly a big thank you- I have been a long time lurker here (particularly mortgages and endowments/house buying) and have picked up lots of very helpful information. However, any advice regarding my potential monthly mortgage payments would be much appreciated. We have a combined household income of £** p/a,…
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Mortgage refused on ccj neither of us have!
My husband and I are in the process of buyingan investment buy to let property. We are actually going to rent it out to afamily member who will cover the mortgage. However we have been refused by the lender onthe basis that we have a ccj. We do not have a CCJ and have never had one butwe have since discovered that there…
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Daily mortgage calculation: problems - need clarity
I am confused, took an HSBC mortgage and have so far in month 3 not managed to understand how they calculate the interst i did a test for the last month without overpaying and here is the delta Balance at begining of September - 02nd September - was £273118.26 next charge came 01st October, so 29 days later. As per their…
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Help- Serviceman's Mortgage Conundrum
I seem to be going around in circles in my attempts to remortgage due to my circumstances as a Serviceman and wondered if anybody could steer me towards a Lender inclined towards accepting my situation? Background - had a £220K mortgage since 2006 with HSBC, it's now at £195K. House valued at £300K and…
