-
Do Building Regs effect chances of mortgage?
Not really seen anything similar to this on here so thought I'd ask... We currently live in a shared ownership property. I own 50% of the house (with Mortgage) and in August when my current mortgage deal ends, we want to staircase to 100% of the property and we want to apply for a new mortgage in mine and my wifes names.…
-
Fixed rate monthly interest charges
Hello I just received my mortgage statement and am a bit confused as although it's a fixed rate mortgage, the monthly interest charges have been variable. I would have expected them to either go down slightly or to remain the same. Please can someone explain this to me? Or has the bank made a mistake? Thank you :o )
-
Mortgage brokers - a good and FAST alternative to London and Country?
We have had a poor experience with London and Country and need to urgently rectify the situation. My sister made an offer on a house back in September that was accepted and was a fair price for both parties, though noticeably lower than what was originally asked. She had a lot of savings so we tempted the seller with the…
-
mortgage
My 5 year fixed deal ends in January and the cost per month should go down. Could you please advice when taking out new deal would I be better to take over a shorter time i.e. 4/5 years less and keep the payments the same as I am paying just now on the higher rate or over the longer period and overpay each month. Thank you
-
Change to Fixed Mortgage (Bad Credit History)
Hi If some one has a bad credit history, and am on a variable mortgage which they just about afford, is it best to change to a Fixed rate mortgage, as if mortgage rates go up, they will be unable to pay the mortgage? Whats your thoughts on Who to go to, setup charges and what deals he should go for?
-
Help 2 Buy - Lodging - HMO Advice.
Hello, Guys I need some landlords wisdom :) I am 25 with a yearly salary of 41,320 Looking to buy my first house, looking at a 3 bedroom house on the help to buy scheme. If I don't get accepted i'll look at a 10% mortgage. It would be nice if people can give opinions on the scheme, etc. My question is, in order to help me…
-
Mortgage changing advice...Help and advice needed
Hi, I currently own 2 properties - one I live in, and one I rent. I'm trying to figure out what my best options are to lower the mortgage payments on both. House I live in: Estimated value of £300K. Mortgage amount £55k. Current introductory mortgage interest rate: 3.19% - from 01/08/14 5.99% (current monthly interest only…
-
Intelligent Finance - Changes to Mortgage Deal
I received a letter yesterday explaining that Intelligent Finance have made a decision 'to stop accepting applications for further advances or changes to your mortgage deal'. Some questions: 1) Are they technically allowed to do this, is it not counter to the agreed T&Cs of the product? For me, this was part of the reason…
-
buy to let mortgage fees
I was just taking a look at the products on offer from woolwich, a 2 year fixed btl has a fee of £1999. What is this fee for, it is quite a lot isn't it?
-
Mortgage complaints
We have registered complaints with our mortgage company. In short they offered us an interest only mortgage, then said it was repayment. Then they apologised for the mistake, gave us £75 compensation and sent us a letter saying we are in an interest only mortgage to the end of the term of the mortgage. We have means to pay…
-
Conveyancers have screwed up
We are in the final two weeks before we're due to complete on a property. After much nagging, we've finally got some paperwork through from our conveyancer. Unfortunately, half of it is for a property we have no knowledge of about 100 miles away! I've waded through over 250 pages of legal docs including TP1, Deeds and…
-
Moving house
Hi. My wife and I are in the process of buying a house. It's not a house we intend to live in for the 25 year term of the mortgage though. I'm trying to get my head around something. If we sell our house for more than we bought it for but still owe on it, what happens to that difference? e.g. House purchase price: £120,000…
-
advice please
Hoping someone can help us! We are in the process of buying a new build property and were due to complete on Mon BUT we haven't received a date for the valuation as of yet to complete the mortgage. We have the mortgage offer pending the valuation so it has became very frustrating as we have been waiting over 2 weeks for a…
-
Question on Remortgage form re. Buildings insurance
Hi all, Just filling the numerous forms to transfer my mortgage to Tesco, and I wondered if anyone could answer me a quick question - On the 'Insurance Declaration On Remortgage form' it asks the general questions re. buildings insurance but then says: 'I/We have arranged for Tesco Bank's interest to be noted on the…
-
Fix for 5 years or over pay?
Found a really good mortgage deal from First Direct - their limited edition rates are really low! And they also offer 5 year fixed rate. My question is this - would it be more beneficial to fix at just below 5% for 5 years or get a 2 year fix at s lower rate which would allow us to over pay about 2-300 per month? FTB…
-
refused mortgage due to pylon
My husband and I are trying to buy a house (offer accepted) but have been refused by our current lenders Virgin money, this is due to their policy on the proximity of a pylon very close by. we do not have a problem with the pylon and we still wish to purchase the property. Has anyone had this problem before?? If so ere you…
-
Case for complaint against broker?
Hello, I wonder if anyone can advise me? I am a FTB and applied for a mortgage through an indepedent finanical advisor and paid £399 to do this. Based on my information we went for Nationwide as it was the best deal for me. I paid a £99 admin fee and £180 valuation fee to Nationwide. My timeline is: 19 November - mortgage…
-
Losing job after mortgage approval
Hi Everyone, Hoping someone might be able to give me some advice on this one. Have just found out today that my job is going, I'm in the final stages of buying a property and have already had the agreement and provided all the documentation etc. I hope to exchange on the property within the next few weeks, so wondered if…
-
Refused further advance Help!
I had a long meeting with my BS today - the Nationwide. We have in a right mess with credit cards and want add to the mortgage to get ourselves straight. The mortgage is £86K, the house is worth £400K. The Nationwide refused the extra due to the amount we owe on our cards - £35K. Doing this would have brought an £1100…
-
Advice please - remortgage didn't complete on time
Hi there Our remortgage was due to complete on Friday. However I was told on Monday by our conveyancer that the funds from the new lender did not clear in time and therefore we were unable to complete. This has meant that they have had request a new redemption statement from our current lender who have a policy of charging…
