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Mortgages & endowments

Archives for December 2013

Government help to buy scheme
Hi - my earlier thread was not clear so thought I would post it again.. We have purchased a new build under the government help to buy scheme in which I have paid 5% deposit and the government have put down a further 20% which I start to pay interest on at the end of year 5. I am aware that I can staircase at intervals to…
Time lag between exchange and completion
I've been reading a few posts on here saying that you should try and have the shortest period between exchange and completion in case the mortgage offer is withdrawn for whatever reason. I was planning on trying to secure 1-2 weeks to sort out removals, redirecting post and other admin duties, but am now worrying that this…
Morgages without fixed rate terms
Do you get mortgages without initial fixed rate terms? I say this as I want to buy a house to refurbish it then switch it to a buy to let mortgage with the extra equity that will be added to the property when its finished. I only want a 10% deposit to go towards the mortgage, and am positive the extra equity will make it…
Taking a large loan against a gifted house?
Hi, So after talking on this forum and to my accountant, it seems getting a mortgage and buying my partners parents house is going to take at least two years because of the usual Directors issue. So my question is, if his parents gift him the house, whilst we still have our savings (which would have been a deposit of…
Thoughts on remortgage v overpayments
Hi everyone, would appreciate your thoughts on this Currently owe £68000 via repayment mortgage with 13yrs and a few months left to run. Currently on svr with c&g at 2%over bank England base rate! it appears they can't raise this at will like they and others have done with other svr's. So paying 2.5% at the minute. Can…
Help to buy
Hi - if anyone bought a new build through the original help to buy scheme (5% deposit 20% govt contribution) what is the best way to manage/repay the 20%. Can you re-mortgage once you have 20% equity to pay off the 20%..
Re-possession and IVA
Hello all, I wonder if you can give me some advice. Just over 2 years ago I split from my partner and was left with a mortgage which I solely continued to pay alone. The mortgage lender would not allow me to take on the mortgage in my name alone so my ex is still on the mortgage and deeds. Since then I have found it a…
Remortgaging - contributing funds
Hi I have a fairly simple question. I've just applied for a remortgage (switching to another provider as our introductory rate has expired). I assume (perhaps wrongly) that it is possible, without any penalty, to contribute funds during this process. For example, outstanding amount with existing provider is £190K, we only…
Any chance of Getting this Mortgage?
Hi all, Can someone please advise whether we have any chance of getting a mortgage with the following info: House price: £189,000 Deposit: £47,250 LTV: 75% My income: £20,700 (recent annual pay rise from £18,000) My annual bonus: £5,500 Wife's income: £18,000 Credit reports No defaults or CCJ's, etc but have a few sporadic…
car insurance affect mortgage
Hi, Not sure if this is the right place to ask but I have been issued a mortgage offer for a house which won't be complete until March 31st and I have just had to renew my car insurance (paid in instalments) Will this affect the mortgage offer in anyway? I don't know if I am being slightly paranoid but don't want to fall…
Acceptance chances for Chelsea/Yorkshire Building Society
Hello I realise this is somewhat a 'how long is a piece of string' question but I thought I might be able to gather some useful info on the above. We have a 5% deposit so limited with what we can get and the best rates we can find is the Yorkshire and Chelsea Building Society....however.....our worst case scenario is that…
Bradford and bingley
Will be phoning then in morning and assume theyre not open for remortgages but m&d will pay mortgage off in 3 weeks. They still have an outstanding loan of about 20k and I'm wondering if they could remortgage as their rate is v low at present and they would only need it for say 5 years so think mortgage would be cheapest…
Adding name to title of property
My sister & her husband have owned a property for around 10 years, but when they bought it, as they were not married yet, they only got it in her husband's name. Now after years of marriage they want to add her name to the title. They have contacted the mortgage lender to add her name to the mortgage ( the payment will…
Mortgage for IT contractor
Hi, - I am an IT professional with having more than 10 years of experience in IT. - I am working as a contractor (Directory of my own Limited company and 100% share holder) since start of December 2013 and will receive my first contractor invoice paid in mid Jan, 2014. - From last four years I have worked as an employee…
First time buying assistance
Hi all, After some advice here if possible. I'm 22 years old and trying to buy my first flat/apartment. Have the usual issues of a poor credit history (credit score around 750 but I have a defaulted payment of a few thousand). The places I'm looking at are valued 80-90k; I've just under 10K as a deposit at present, but in…
mortgage deposit problem?
Hi Im hoping someone can give me some advice on a strange problem. After my mortgage broker noticed a spelling mistake in my partners name, they notified our mortgage lender who then pulled our mortgage offer, credit scored my partner again and then offered us 10k less than we need to buy the house! As it was my partner…
Mortgage after a breakup
Hi All, Me and the fiancee have split up. She moved back to her mums house and im living in our 2 bedroom terraced house. Ideally i'd like to keep the house, I can afford the mortgage repayments + bills on my own. I've done some reading up but im not entirely sure on my options. My salary - 28k Mortgage - 96k 3 year fixed,…
To switch or not to switch with Halifax?
Hi everyone and hope you had a good Xmas! Does anybody know the application process for switching to a fixed rate Halifax mortgage from an existing SVR? I need to know what questions they may ask, documents they may require etc as I have been renting out my property without their permission and need to know if I am at risk…
Mortgage calculation???
Hi, I've just put some numbers into the mortgage calculator on here and it all looks right apart from my interest rate which it says is c. -1200%. Could someone enlighten me please.
Help with voluntary repossession
I have been paying interest only on my mortgage for 3 years but moved into sheltered accommodation 2 years ago for health reasons. I have been keeping both properties going on my sole income. My house has been up for sale for 30 months despite marketing and reducing it to £59,000 - the amount of my outstanding mortgage. I…

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Mortgages & endowments

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