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Unregulated mortgage broker risks?
What are the risks of getting a mortgage through an unregulated (/maybe dodgy) mortgage broker? The transaction is between me and the lender, so it doesn't really matter how shifty/dodgy the broker is? Or is there another angle on this?
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Mortgage advice and fee's
Good Morning, My husband and I looked at some properties we 'think' we may be interested in over the weekend. We have some idea of what we need to do financially (how much equity from our current house etc) but need to find out what the best mortgage would be for the amount of deposit we would have. We were given a card of…
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Cutting me out of the loop ...
Both my partner and I made a joint application for a mortgage but refused due to my poor credit history. Is it possible for my partner to make a single application as she is squeeky clean, and use my wage as an additional income?# If yes the would this effect the amount she could borrow??
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Coventry building society - Valuation before or after underwriter?
Hello, I am new to the forum but joined tonight after hours of scouring the internet to answer this but to no avail! My husband and I are first time buyers. Last week Tuesday we were sent a mortgage in principle from Coventry and a mortgage application. We completed the documents that night and posted them the following…
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Valutation and Home buyers report Halifax
Has anyone submitted and paid a homebuyers report done by the lender. In our case halifax. Do they do the valution and homebuyers survery at the same time or do they have 2 different people doing this and therefore do it at separate times/schdule? thanks
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what does a bank lose at a mortgage with 10% dep on a 250k property?
Hi All We probably all agree that there is always a risk when lending and banks try to mitigate any risk with their different calculations they do before offering a mortgage. which Brings me to my question and would really hope to get some enlightenment. :) If someone has a not so perfect history ie. 1-2 late payments…
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Approved Subject to Confirmation of Pay....
......that is what the advisor said after the 2 and a half hour telephone mortgage application. So does that mean that it won't be going to underwriters and that once they have our wage slips and bank statements it is a done deal? Or is there still a chance that our many nights out on the lash, frivolous purchases and…
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Loan to Value
What LTV rate is used if buying a property for less than market price, is it on what we pay for the property or on the value of the property? It is not a family sale. (House is worth A, being sold for B and we have 10%deposit of B) We have had a bad time with a high street bank changing their mind at the very last moment…
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Estate agents fees..
Will they be paid over to solicitors and be on completion statement or a separate transaction? Thanks.
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Bad credit mortgage
Hi, I have been advised to post on here with my problem, if anyone can help? I was wondering if anyone can give me some advice? I'm earning £35k a year and have just been turned down for a mortgage on a new build house because of a bad credit rating and I had a £10k deposit. My Equifax score is poor, my call credit score…
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HELP !! Leeds Mortgage application delay. Advice required.
We had our mortgage with Leeds agreed in Principal Mid January. We made an offer on a house at the same time and date of entry is Friday 21 March! 5 days. The mortgage application is still not complete. Every time we think we have sent the last requested paper work they request more. The latest on Friday was proof of…
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Looking to answer a few questions please :)
I understand people can't give advice and some of the questions I have are purely speculative. Firstly I was wondering on a 16,300 income and with a 5% deposit is looking to borrow 57k a realistic expectation? I understand other things would be taken into account but I'm just looking at peoples opinions based on my income…
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Stuck in a 5 year fix but want to buy a bigger house, advise needed!
Hi. I am in a 5 year fix with Britannia at the moment, deal ends in April 2017. My current rate is 3.39% with £118000 outstanding. We have sold our house for £160k and want to buy a bigger house that's £198k. My questions are: if we port the mortgage to new home I should end up with a deposit of £42k, out of that pot will…
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Duplicate mortgage protection policy
Mortgage protection policy. I have just discovered another policy for mortgage protection on which I have paid premiums for 5 years. I claimed through another policy which I knew about and my present claim expires in 1 month with the original policy. Can I treat the discovered policy as valid? Also can I make a…
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Endowment Maturity
I have received a letter from Prudential regarding an old endowment that is due for maturity. The endowment was in the names of both my ex-partner and myself (we split up over 20 years ago) and the letter was sent to my home address (he never lived here). I called them to explain the situation and was told that they need…
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Pros and Cons of adding spouse to mortgage & deeds?
Hello all. My wife is a homemaker and I was about to apply for a mortgage just in my name since it's based solely on my income. However, I'm now wondering if there's a compelling reason to include her on the mortgage and deeds -- can anyone help me with this? So far... Pros of adding spouse: * Adding her to the mortgage or…
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Mortgages for teachers?
Hi all, Hopefully someone can help me... basically I am a trainee teacher but my partner and I are ready to buy a house now. We've found a perfect house, but it needs me on the mortgage as well. We rang nationwide yesterday, who said they would give me a mortgage now based on me having a job lined up for September, however…
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mortgage advisor
Well not sure what to do ,last july we went to remortgage ,the advisor advised us to do the mortgage solely in my name as my wife has a default for £1200 in 2009.I went along with the idea and he secured a mortgage with the nationwide ,although after 8 weeks i had to settle for £25k less than we needed but he advised us to…
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remortgage advice- HSBC tracker 'fee saver' mortgage
Hi all, just thought i'd ask for some advice on here as I feel I'm a bit clueless.. we bought our first house 2 years ago and the fixed deal with halifax is ending this month so we need to remortgage. I *think* the best deal I can find is the lifetime tracker with HSBC, seems the best deal as rate is low- 2.3% APR, no…
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which mortgage lender will help us with missed payments?
Please can someone help me asap?????! Have a high credit score with experian and no debts. Both earn high wages. We did not close an unused account with santander and got stung when mcafee took a payment we didnt know about and pushed us £3 over the overdraft (santander had recently reduced from 1000 to 50). Santander…
