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Completion - mortgage advisers opinion please
Hello, This is one for the mortgage advisers really, I am completing on a house purchase next week, I exchanged a fortnight ago. I am sorting white goods, tv etc, and want to set up sky tv. Will taking out a sky contract effect the mortgage offer? I know it sounds paranoid, but I am aware that the mortgage company will run…
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How long before mortgage appears on credit file
Hi all Was just wondering if anyone knows how long it will be before my mortgage shows up on my credit file? It did only complete on friday (6th Dec) so I'm not expecting it to yet. But I did sign for it about 6 weeks ago. Thanks
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First Time Buyer - What Happens Now?
I am looking to buy a house in Scotland and got an agreement in principal with Santander on 05/12/13. The application was done on 07/12/13 and I supplied the supporting documents at the same time which will be sent with the application. A verbal offer has been accepted by the estate agents subject to mortgage and my…
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Any great 90% LTV mortgages worth jumping on...
I am currently on a SV rate which is 4%... Had a look cant find anything better than 4.19% for 90% + £1500 arrangement fee, which ideally I would avoid...
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Barratts Dream Start - help
We are about to buy out my partners ex on their house which has a £20k loan owed to the builders on it. We were going let her sell it but as its basically identical to what we need we thought we may as well pay her off and move in. There is £20k equity If we sold now, so the builders could be paid. Otherwise there is 5…
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Mortgage on new house
Hi I wonder can anyone help me. My husband and I currently have a mortgage on our own house but it is a shared equity mortgage with us owning 75%. We are keen to move house this year but to keep our current house and to rent it out. Does anyone know what we need to do to make this happen? My current salary is £34k and my…
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Self Employed Mortgage new company possible?
My fiancee may get a mortgage with her dad next year, she has £40k deposit and she runs her own company which is in its 1st year of trading with a projected net profit of £15k, his income is around £20k and he's been with his workplace for around 20 years. I have a small Ltd company with 3 yrs of accounts which i run on…
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Pay off chunk of mortgage or shorter term?
Hi Everyone, Have a mortgage with Santander which is now outside any fixed period - i.e, no penalty to overpay or pay off completely. Just sold another property off and have a chunk of money from that which I want to use to pay towards this mortgage and lower my monthly instalments. Santander have suggested I can do this…
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FTB with complicated situation
Myself and my husband are looking to purchase a property at 385k and have a meeting with HSBC next week to discuss a mortgage. We have 20k in savings and I am selling a share of a business I own and will pocket approx 80k after tax, so will have a 25% deposit. My husband is paid 35k per year plus overtime and has 7500k on…
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closure admin fee
hi all, with just over £1000 left on my mortgage we enquired with Santander as to a final settlement figure to pay off our mortgage. Surprisingly we were informed this would incur a £250 'admin fee'. As we are a non tie in SVR mortgage we fail to understand why this should be. Is this normal
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FTB mortgage - New car
Hi, My partner and I are looking to get a mortgage in the next 6 months, if not sooner. My partners car is due for a change round about the same time as its on a PCP deal. Would changing the car now have any effect on us getting a mortgage? The car is likley to cost less per month than the one she has now. Cheers
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Interest Rates v Credit score v Deposit
Seen some 5 year fixed deals which seem to give me what I want based on a 40% LTV scenario. My question is, how likely are you to be eligible for these deals with regards to your credit score. I have an impeccible credit history but I also fear it's not a fully desireable credit score because I have never had a credit card…
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help to buy equity
Ftb buyer looking to use htb can I take the htb 20% and put 10% or more towards mortgage myself or is it capped at 25% combined? Ive searched the net but cant find a clear answer
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When fixed term is up? then what?
Hey guys Just trying to improve my understanding of mortgages Lets say I get a fixed rate mortgage for 5 years. I suppose after this time frame you will be automatically put onto a SVR of the lender. Is this correct? Also if you choose to get on another fixed rate for another lets say 3 years after your existing 5 years…
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5 or 10 Year Fix?
I know this is by no means an easy question to answer, as if we knew the future we probably wouldn't spend our time answering questions on which term of mortgage to get, but I'm currently torn, and need a bit of help to make a decision! I'm remortgaging early next year, and am not sure whether to go for a 5 or 10 year fix.…
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Government help to buy scheme
Hi Can someone help with the following. I understand the Government will let a buyer buy with a 5% deposit. Can you explain the following. Say someone buys a place costing £100k and put down the 5% deposit of £5K. 1. What happens first? Do you go to building society that participates in the scheme. 2. Do you find property…
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Mortgage application - credit file
Hi guys, I had posted this on the credit file section but was told to post it here as well. Whilst I am looking to get a mortgage in about 12 months, I am fully aware that my credit file has been less than spotless so I am wondering if you could share your pearls of wisdom and help me understand how mortgage lenders are…
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Pay inheritance into or mortgage or not?
I have recently inherited some money and can't quite figure out if it would be best to pay a lump off my mortgage or not. The reason I'm unsure is that we are planning on moving house and are able to port our present mortgage to the new property. In round numbers here are the details: Present house value: 250K Present…
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ftb too big too soon?
looking at buying a four bed new build as no 3 beds available within foreseeable future and we hope to start a family soon. house cost £200k help to buy 40k deposit 25k builder gift 6k remaining mortgage 129k mortgage and bills all in are 2k a month we would look to put £1300 in each a month leaving us £600ish a…
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Adding costs to a mortgage
I am a first time buyer. I figure my solicitors fees, survey, mortgage application, stamp duty and brokers fees will all add up to about £5K on a £200K property. Does a lender allow you to add all these fees to the mortgage? Thanks, Steve
