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Re-mortgage valuation swindle?
Hi all, I have 118,000 left on my Natwest mortgage :o I was on a 5 year fixed 5.99% rate with natwest of which has a decreasing 5,4,3,2,1 % get out clause (5% year 5 down to 1% year 1) So as of the 3rd November I am in the 1% bracket and to get off I will have to pay them the 1% which is £1180.00 The Natwest have various…
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Virgin Money name of Mortgage staff
I would be really grateful if anyone knows the name, or job position, of someone I can write to directly at Virgin Money who is actually in charge of mortgages. I can't find it after half an hour of searching on the internet, and when I phone I only ever get to speak to junior staff. Please help! I have got a list of their…
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Is a mortgage even a remote possibility?
Hello, Before I make a complete idiot of myself I'm wondering if I can have a couple of opinions on our situation. I'm a stay at home mum, husband is full time employed, we've been paying rent for nearly a decade with maybe 1 late payment in the early days. However we had to default on credit cards in 2009, we chose not to…
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HSBC used my business account for mortgage app
Currently on 2.99% tracker with HSBC. Saw their lifetime current account special 1.99% with £99 fee. I don't have an HSBC current account, but have a dormant HSBC business account which I opened and never used. I thought I'd ring and ask if I could use this instead of a current account. Turns out I can! Woop! Wanted to…
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Save to buy Vs Help to buy
Hello, My wife and I have a combined income of £70k and have a deposit of £13k saved. This gives us the magical 5% deposit on a typical 2 bed house in the areas around London we're looking to buy in (£250 000). My question is this. We opened a Save to Buy account with Nationwide and have put the deposit plus some…
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Remortgage & Second Charge Loan
Hello I wondered if someone can give me some general advice. I currently own a property (33%) with my parents who own the remainder. We have a mortgage of £153k and the house is valued at £210k. We are looking to clear debts of £22k on my head (I am 31) and wondered whether it’s worth looking at a remortgage and/or a…
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Aviva - Endowment Shortfall
Hi there - I'm after some advice if anyone could help. Our endowment mortgage we took out in 1998 has gone from green to amber to red in the space of 2 years with a projected £25,500 shortfall which is massively depressing. We took it out with CGU Life which has now been taken over by Aviva. If I want to put in a complaint…
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CCS Mortgage related phone call
Good afternoon everyone. Bit of a strange one here, but grateful for any comments. Wife just rang me at work to say she received a phone call at home from the above company (although she may have the number of "c"s and "N"s wrong). Ed - It's probably CCS actually. The caller asked her if we have had any problems with our…
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First Mortgage Payment!
Hi Long story but I am buying my (soon to be) ex husband out of our house. Nationwide have agreed to a transfer of equity, and I have added £30k onto the mortgage to use to pay the ex off. All is going well and I am due to complete on Friday 29th November 2013. I have been told that a special condition of the mortgage is…
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1 late payment, will that affect my mortgage application
Hi I recently had one credit card late payment (happened in October). It was a bank of Scotland credit card. I have cleared the payment in a week's time. The late payment was because of the insufficient fund on my direct debit account, which resulted in an unsuccessful direct debit. I have spoken to BOS, and they refunded…
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Lenders with no minimum purchase price/valuation?
Sorry to bring this up again.... I'm trying to find lenders who will lend on a purchase price of £36k deposit of 25% therefore mortgage of £27k. I have searched all over the net, with no luck! My broker said the best she could do was £40k min purchase. I'm also wondering if its possible in the worst case scenario to agree…
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Should I complain about Lloyds/C&G
My partner and I have taken further borrowing on our mortgage. It was arranged over the phone with a Lloyd's mortgage advisor, we were informed of the interest rate and monthly repayments which we were happy with and just had to go into branch to sign the forms. When we went into sign the forms, foolishly, we did not…
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Direct or Broker
I'm trying to decide between two options. Should I apply to the Post Office direct for a 2.99% mortgage or go through a broker for a Santander 3.09% mortgage? There isn't much in it once I take into account the lower arrangement fee and free valuation for Santander so it's more about the differences between the two…
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Mortgage retention
After some advice on above.. Offer accepted on property. Mortage value report values property at 20k below offer price. As such have placed a 20 k retention. There are a few vague points in required works damp, roof, ext render etc. we have money to cover the 20k. Retention is for 6 months. Am I right in thinking that if…
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Advice on mortgage after bankruptcy
Hi there, Hope I am asking this question in the right place? Apologies if not. In 2007 my husbands company went under and as a result we both filed for bankruptcy. 6 years on, we still have a couple of accounts showing default that were included - currently working on getting these removed. In the 6 years we have not had…
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What do I want?
Hi all Finished paying our mortgage off a few years ago, and despite the fact that we said we NEVER wanted a mortgage again, find ourselves considering this. We had the house on the market for 12 months, with a good few viewings but no offers. House was on the market for £107,500. Made the decision to take it off the…
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Buy To Let Mortgage Question
Hi, We are looking into buying a small property to let out as a long term investment for the future. The question we are trying to find an answer for though is what impact will this have on our ability to borrow for a house move of our own in the future. Will the amount we borrow on a buy to let mortgage be taken from the…
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mortgage, may have to buy before selling
This is a little complex so bear with me. We found a house that suits us in terms of my office needs (Ltd company, me and one employee) and wife's dream house and location next to her family. Thought it better to put the money into a bigger house rather than company renting offices. Our house is on the market (just) and…
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Mortgage guarantee scheme
Hi there I'm a newbie to this but I am unsure if I am eligible for the new mortgage guarantee scheme or not. I have owned 2 houses before but have sold them now and the latter house at a loss of all my equity as bought at the top end of the market then the recession hit and then changed jobs. So sold and have been renting…
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Dudley Building Society - Useless!
Not often I do this, but I'm going to make an exception. On 7/10/13, I "special deliveried" an application with all supporting docs to Dudley BS and it was received on 8 October. My accompanying letter specifically asked for the valuation to be instructed immediately as this was a newbuild case with a target completion…
