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The most cost effective mortgage lender in Mar/April-2014 with 85% LTV
Which one is the most cost effective mortgage lender in Mar-April-2014 with 85% LTV. My offer is accepted on a property of £148, 500 in Aberdeen as first time buyer for 3 bed flat. I am planning to put 15% deposit, i.e., 85% LTV. Is there any better deal out there than Halifax, which is paying stamp duty and offering 3.14%…
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Contractor mortgage - HTB
I'm working as a contractor and qualify for a contractor mortgage based on my day rate. At the moment the challenge is collecting my deposit + all the other costs of moving. Is it possible to get on the HTB scheme as a contractor or will I need to go with the 10% deposit mortgages? Where is the best place to get advice or…
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Sole mortgage due to partners bad credit - lots of advice needed...help???
Hi, my partner and I have just had an offer accepted on a property and are looking into mortgages. We have a mortgage in principle agreed for £210,000 with Halifax, this is based on a sole applicant (my partner) and his income of £42,000 pa. I have bad credit and am currently on a DMP with about 5 years left till I'm debt…
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mortgage application
I have two questions. How soon after having your offer accepted should you apply for your mortgage? Already have DIP. Also halifax/rbs gave dip for more than needed. Didnt pick up late payment, do they credit search again and therefore is it likely to be a problem later on?
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Skipton's Mortgage Nightmare
Hello all, Im currently going through the process of buying my first home, i thought i would like to share my problems with Skipton's Building society, I have bought a house through W H Brown estate agent, they told me the best deal at the moment was through Skiptons building society, in this deal we was told we get a…
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Mortgage with HSBC - First time buyer in Scotland
Our offer for an Edinburgh flat was excepted on Fri 14th Mar. However, the seller only accepted the offer with the condition that we have to complete everything by 25th Apr (exactly 6 weeks). This is a repossession so it's chain free. They also required us to conclude the missives on 14th Apr, so that only give us 4 weeks…
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Rbs decision in principle
Hi, have been reading the forums for a long time now and looking for some advice... We have received a dip from rbs for a 95%ltv on a mortgage of £101000 meaning the mortgage itself would be just over £95000 after our deposit has been paid. The house has been valued at £130000 (however this has still to be done by the…
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Possible Relocation - do I need to look at mortgages before or after the move?
Evening folks, Apologies if this is very simple situation but I just realised I am not quite sure how I would go about this. We currently live in London (rented) and while we have spent the last while putting together a deposit and getting DiP etc in order to buy in London we have now decided we would like to relocate…
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40% LTV, £100K deposit-can't get mortgage
I have a bad credit score due to not being able to make min. credit card payment last year following redundancy. I was out of work less than 4 weeks, and didn't miss any mortgage payments. I have accepted an offer on my house, and have had an offer accepted on a smaller house, meaning I have £100K deposit and only need a…
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Help mortgage declined because my bank has ruined my credit rating
Hi I have recently agreed a sale on a property I look to buy, I had my AIP agreed about a month an a half ago everything starts going well then a week or two later I switch banks I was told my bank would be all switched over on the 19th February and that's when the new card goes live and the old bank will close the other…
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Self Build Mortgage with Defaults. Is it Possible???
Please, was looking a bit of help, as im at my wits end here. Have tried my bank for a self build mortgage, and also a broker. Bank wouldnt look at the application until defaults were cleared, broker went through application and computer came back with 'amount of advese credit to high' Me and my wife have defaults totaling…
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House to stay on market after offer accepted!
Hi all So me and OH had offer accepted on a property (12, 000 less than asking) last thursday.Mortgage is in place and we have paid and instructed solicitors to start searches last friday. Originally we were informed house was to stay on market and when OH questioned estate agents today they stated it would be changed to…
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Aviva Endowment - Cash in or keep
Hi all, I would appreciate your thoughts on if I should cash in or keep my Aviva endowment ? Matures 10/03/2016 Surrender value £20688 as of 10/03/2014 (was £17371 12 months ago). Offer of £21722 from Surrenda-Link today. Aviva estimated maturity projections as of 25/01/2014: £22200 at 1.4% growth £23100 at 3.4% growth…
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Help with Surprised Mortgage Balance.
Hi, Please can someone put me in the right direction. On how to find a Mortgage History. I took my Mortgage out in 1999 and by 2005 it had gone from £27000.00 to £72000.00. I did have £5000.00 on top of original price and re-mortgaged twice at £5000.00 each time. I moved from my orignal lender to kensington from 2003 -…
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Property/Mortgage advice
Ex partner not cooperating Just some advice re mortgage in mine and ex partners name. He is stalling on signing on paperwork over to me and I don't want to sell as if i get a new place can only afford a 1 bedroom instead of a 2 bedroom. If I pay all the bills and i know I am not allowed to but have changed locks, is their…
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Changing jobs soon -do I need 3 month's payslips for a mortgage?
Hello MSE'ers! Had a search on the forums and can't find an answer. Apologies if this has already been answered before. I'm changing jobs soon, but working 3 month's notice . My new job is a higher salary so I'd want to apply for a mortgage on that salary - would I have to wait 6 months to do this (3 month's notice period,…
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Halifax won't lend us full mortgage amount-where do we go now?
Good afternoon, We applied for a mortgage through a broker to Halifax last week. We have just heard back that whilst they will offer us a mortgage, it's not for the full amount (a little over £8k short). This is with help to buy equity loan. We're a little unsure on where to proceed now. Our broker is looking into Natwest…
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Keep Standard Life endowment or dump?
I would be grateful for any opinions. I have a SL endowment that is due to mature January 2018. Plan value now is (only) £20,900, comprising £15,400 fund value and £5,500 final bonus (value if we had cashed policy in last month). Mid rate estimate is that the plan would be worth £27,600 at maturity. Death benefit and the…
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How easy to let entire property if I lose job?
Hi, I'm a FTB (single guy, okay paying job in London) currently in the process of buying my first place, a 2 bed flat in south london. All going as planned, mortgage approved, not exchanged yet but no reason it won't all go through. I'm looking at planning for disasters, in this case job loss. My disaster plan has always…
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We want to move but how likely can we?
Hi all We bought our house for £107k at the back end of 2007 and took out a 100% mortgage. The mortgage was initially fixed for 5 years and we are now on the lenders variable rate (1.99% above the base rate). We would love to move however our house is never going to be worth what we paid for it and there is currently a…
