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What is your percentage?
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Poor mortgage practice
We're working on a house buy at the moment, and on the day of exchange our lender has changed the mortgage offer and retained £25k of the lending amount - frustrated! However, the lender when we complete will still be charging the interest rate on the £25k that they aren't handing over - surely they can't do that!!! Can…
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Estate Agent - Requesting Documents
Hi, The estate agents that is selling the property I am currently purchasing has asked for proof of my mortgage in principal offer, which I have no issue of providing, but they have also asked for copies of my bank statements showing that I have the deposit available too - is this normal? I would expect the mortgage…
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Agreement in principle much different to what they're willing to lend
Hi, I enquired with Santander on two separate occasions within the last 1.5 months about getting a mortgage agreement in principle. First time was for 4.5x my salary and then for 5x my salary (I asked twice as you give them a figure and they either say yes or no, couldn't ask for the highest amount they'd be willing to…
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Renting - mortgage dilemma HELP!
Hi all I'm new to the forums but would really appreciate some advice with regards to my mortgage. I needed to move areas for work purposes but had a small terrace property mortgaged with Kensington which I looked into selling this so I could leave the town but I was in such negative equity, selling wasn't an option so I…
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Cant Mortgage due to Credit Cards
Hi all, Been advised to repost my quandary in this section from the guys in the 'Debt Free Wannabe' section; Sorry for any duplication. My girlfriend and I are trying to obtain a new mortgage however due to the economic crash of recent years my our home has significantly reduced in value, and as such has a greater LTV. We…
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Remortgage why so hard!
So my wife and I bought our first house 3 years ago and got a good deal with natwest. Now that term has come to an end we have looked around for better deals as we are now earning more and no longer young first timers and our LTV is now under 85%. We found a good deal with nationwide and signed up for it paying our £90…
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mortgage housing insurance
Hi Aall, Hope you can help! Long story short my partner has taken her ex husband to court as he has failed to arrange thier financial settlement. They had 2 houses, 1 marital home and 1 investment. He has basiclaly made out there is no equity by down valuing by 30k on each and saying there is subsidence on martial home…
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Where's the catch?!
My EA has put me in touch with their mortgage broker. I was reluctant to speak with him, as i won't have a problem securing a mortgage (45% deposit being put down), but they have said that their service is free of charge. Am i missing something here? They said they could arrange my mortgage and conveyancing without a fee…
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Help To Buy
Hi Folks, First time buy here in Scotland. When the second phase of the help to buy scheme was announced last month I was very excited until I noticed that the Mortgage Guarantee part was only available in England and Wales. However on looking into it again today I see no reference to this so am getting very confused. My…
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Shopping around with "Help to Buy"
If I use the "help to buy 1" scheme (20% equity loan from government), can I shop around for any mortgage, exactly the same as I could if I had the 20% in cash? Or are there only limited mortgage suppliers/deals available for this scheme? If so - is there anywhere to compare them?
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FTB mortgage application current address discrepancy
Hi, I'm about to apply for a mortgage under the HTP-MG scheme. I have been given the agreement in pricipal letter and am just waiting for my telephone consultation with Natwest. I have just realised/ remembered that there is an odd discrepancy with my current address (rented) when i check equifax to compare to my experian.…
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What can I count as my income for a mortgage?
Wonder if anyone can help out. I am looking to move in the new year and doing some "what you can borrow" calcs. I need to know what I can count as my "income". I work for an employer who has a career average, non-contributary pension scheme, they also pay a "salary" and a "benefits" pot that you can use to buy life…
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Santander - huge mortgage problem
am a bit stuck. My mom and dad received a letter from their bank in June informing them there was nearly £20,000 outstanding on their mortgage! This came as a bit of a shock as they have religiously and reliably payed their monthly payments every months since before I was born. In 2004 my dad was made redundant and ask for…
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Buying a home from family
I currently rent a house from my dad, it's owned out right so no mortgage implications. I want to offer to buy it in instalments from him. Would this be classed as a private mortgage ? What would we (if he agrees) need to do to formalise this agreement to protect us both ? He's not elderly so no asset loss etc comes into…
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Barclays First Time Mortgage - Average process time?
Hi People My partner has just applied for a barclays mortgage. We done the application in full last tuesday on the phone and they have told us we should have the paperwork tommorow. Has anyone had any dealings with them for first time mortgages and have an idea of the process times and if you had any delays? We are really…
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Mortgage help.... how to manage current debts?
OK, so figures and facts first. Currently, it looks like this: Me: Unsecured loan, outstanding £6500 OH: career development loan/unsecured loan. Total outstanding: £12000 Credit cards: £12500 Total unsecured debt: £31000 Savings: £6000 Potential deposit (gifted): £25000 Total to put down: £31000 and before someone says…
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Going from Interest only to repayment?
Hi, We have been on an IO mortgage fr 6 year snow and really need to start paying equity. I just wondered how much we would pay? Do we pay the amount of the mortgage divided by the remaining length of the mortgage plus interest or a %? Thanks
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Lloyds or TSB?
With the demerger kind of happening at the moment, both banks are offering the same deals. Is the new TSB more likely to lend than the Lloyds bank? or are they still going to use the same scoring? I have no idea which one to apply to.
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High ltv help
Hi. My partner and her brother have inherited a house with no mortgage outstanding. We agreed 150k as a fair price as it needed work doing. This work has now been completed at our expence and the house is now valued at 190k Because we have given my brother in law some money already we now need to raise 60k to buy him out…
