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Quick halifax question
Hi, the mortgage I have found has an arrangement fee of £999, do you pay this upfront or is it added to your mortgage amount so you pay over the years? Thanks
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Help please with mortage
Hello everyone Can anybody help me i am looking at letting my property out to a family member, i am currently on a residential mortage which i owe £50000 and the property is worth £92000. I would like to get a seperate mortage with my partner for a new house, but i want to rent this one as i dont want to sell and it would…
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Tesco Mortgage
i am looking at the tracker rate of 1.25% plus base rate fixed for 2 years as this is the cheapest one i've found. anybody had experience of tesco mortgages - good or bad? Also how easy is it to change mortgage product at the end of the fixed rate? Any nasty surprise charges?
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Help to Buy Guarantee Mortgage issues.
We applied for a mortgage with 5% deposit scheme. The bank advised us that we had a top credit score but failed the scoring for the government scheme even though we are within all the requirements. The bank will lend to us but as we failed on the scheme we have to pay a 10% deposit. Anyone else had this? It seems really…
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Tenants in Common - Mortgage Question?
Hi All, Looking for a little advise before we proceed with the following: My wife and I are buying a property for £485k, this will be a joint mortgage (£400k) and we are both named on the deeds. It is our intention in the next year that my in-laws come and live with us, but for this to be practical part of the house will…
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Solicitors Referral Fees
Just been looking through my fee breakdown from the solictors and noticed a referral fee of £260+vat. What is this for?
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Shall I move my partner in before getting a joint mortgage with her?
Hello My partner and I wish to buy property together and get a joint mortgage probably as a buy-to-let rather than as our first home together. I own my own home, my partner is renting and has been in her flat for nearly 4 years. Would it make my partner's application stronger if she stayed where she is for now until the…
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Save to buy account
evening all im currently saving with STB with the nationwide. i have 4K in it. do you only get the £500 if you get a mortage through the nationwide when you save 5K or do you get it for saving 5K?
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short term or long term mortgage?
Hello, Our mortgage deal is about to expire and we are looking at the market for a new one. We have been told by our current mortgage lender that any new deal with them would have to be at the remaining term length (19 years) and we are not allowed to extend to a 25 year for example. Other mortgage lenders are offering the…
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Any good 85% LTV offset mortgages?
Hi everyone, We are looking to buy a house and we have 15% deposit. We would like to go for a 3 or 5 years fixed offset mortgage but we can't seem to find any good ones except the Yorkshire BS or Chelsea but they have a really bad reputation. The best 5 years fixed mortgage we could find was 3.69% at Tesco but we would…
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YBS - change in lending criteria
So I had an offer in principle with YBS. All my payslips were even sent to the underwriter to double check lending amount as I needed some of my overtime to be counted in the lending figure. I placed an offer on a house last weekend which was accepted. I recieved an email today from YBS saying due to change in…
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mortgage discharge fees
I am a current NRAM mortgage holder and when I recieve my mortgage statement (which can be 4/5 times per year) there is a £250 discharge of motgage fee added to the total mortgage amount each time. Is this normal practice?
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Chances??
I thought i knew enough about mortgages to get by but have hit a tricky situation so hoping someone can give me some advice. Looking to move house shortly, my partner has been on a temp contract for nearly a yr so i was waiting for that to end and the permanent to begin before taking out new mortgage but have just realised…
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Shortfall on Endowment - Current Lender refusing to extend
Makes a change for me to start a thread. Genuinely asking for a friend who came to dinner last night. Mortgage is with A&L , who are no longer writing business. Has £15k shortfall on endowment which paid out last week. Mortgage term expires next month. Santander aren't interested in extending at all. Only concession is…
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First time buyer mortgage - Self Employed//Rent 2nd room?
HI First time buyer, who is self employed looking to get a mortgage. I have three years proof of earnings from HMRC which i believe could be good enough to prove i can afford the mortgage, however i am considering renting out the 2nd room. Will mortgage companies take this info about the 2nd room being rented, when…
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Fix or tracker rate? New to mortgages
I need a mortgage for about 54% of the property purchase price. Seen First Direct Lifetime mortgage tracker rate at 1.79% + base rate which looks quite good but 2 year fixes have lower interest rate. I don't know how to choose between them as this is the first mortage i have ever taken out. Have got money in reserve and…
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Affordabilty...the real truth behind it?
Hi Everyone Affordability has always been a topic in regards to one of the factors in deciding whether or not to offer a mortgage. In terms of how much cash should be left at the end of the month after mortgage and other financial commitments (card payment or existing loans), expense, household bills, cost of living stuff…
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Handwritten wage slips
Hi, we are in the process of applying for a mortgage with Halifax, valuation was done last week and came back ok. We sent in 1 wage slip each as requested, but they called to say they can't accept my husbands wage slip as it is handwritten (he works for a tiny company, is the only employee, they don't use an accountant).…
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Should I take the deal
Hi all. I am after some other opinions. My wife and I are coming to the end of our current mortgage deal and we have a few unusual options. Two and a half years ago we took a mortgage out with ING direct we had a 3 year fixed deal at 2.99% for approximately 95k. Our property is worth about 180k and we have been contacted…
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being approved by natwest and then declined by the underwriter??
Can anyone give me advice. We went into NatWest branch last week for a mortgage application and we passed affordability and the credit check and all went through. We have received a call today to say the underwriter has declined the mortgage as we failed on unaffordability and NatWest should never of approved it. We spoke…
