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Mortgages & endowments

Archives for March 2014

Mortgage overpayment question for FTB
Hi, If you have a mortgage whereby interest is charged daily how is it best to overpay? I was looking to top up each month but then thought to save it up in my 3% current account then at end of year, along with interest top up my mortgage as its rate is only 2.74% but not sure how the interest would work if its daily that…
woolwich and esurv
my wife and i are currently attempting to buy a new build property, we managed to get approved for the mortgage with the woolwich/barclays, however we have had major problems with the valuation of the property. the woolwich use a company called esurv. on the 7th of march esurv visisted the site and conducted a survey of…
Problem with buy to let mortgage application
Hi everyone, have been reading these forums for a while and have got lots of useful information but this is my first post as I need some help. We are in the process of applying for a buy to let mortgage with Skipton. The valuation has been done this week and although it agreed with the property value that we put in our…
Financial planner or bank advisers?
So me and my boyfriend are hoping to apply for a mortgage within the next year. We have been hoping to get some advice on general finance, such as, how much of a deposit would be recommended etc. We had an appointment booked to see someone at Halifax, just to get some general information on mortgages (free of charge).…
Shared ownership remortgage, bad credit history= no chance?
We bought a new build property in 2008 on the shared ownership scheme, we got a 25% share (rent on the other 75%) and due to previous poor credit history we ended up with Cheshire mortgage company but our mortgage for £49,000 is costing us around £440 a month and that is interest only! interest rate is around 12% on this…
Is honesty the best policy?
I own one property with a residential mortgage, I am renting it out without all the correct permissions etc in place. I want to try and get everything as it should be. I have approached a broker who has told me it should be fine to do a standard re-mortgage/borrowing more in order to give me some equity with which to buy…
Is Virgin Media a debt when applying for a mortgage
If you have a contract with virgin media for 24 month, when you apply for a mortgage and they ask if you have any credit cards, phone contracts etc, do you have to mention this as technically it's an outgoing for the remainder of the contract? Any help would be appreciated :)
Will getting sofa finance before completion affect mortgage?
This may be a really silly question and I hope it is.... We are looking at ordering a sofa from dfs on a 4 year finance due to them taking weeks to deliver, but we havent actually moved in yet. I was wondering if taking about £1200 on credit for the sofas could affect the mortgage going through on completion?
Company Director Mortgage Help Needed
Wondered if anyone could help. My wife & I run our own design business and have our house sale fall through. We still want the £415k house that we have made an offer on but are concerned that we can only now rent our house and get a 15% deposit for the new house. Wondered if anyone could recommend any lenders who take such…
Property undervalued & other Q's
I'm in the middle of my mortgage application and when it came to the valuation the mortgage company valued the property at £245k and we had offered £250k. They required some extra reports and told us that the value of £245 was because of some potential damp and electrical issues and once these are fixed it will be worth…
New build mortgage headache in wales
Hi all! I'm a first time buyer looking to buy a new build in wales. Me and my partner have seen our 'dream' house. It is a shared equity scheme so our mortgage would only be for 70% of the house's value. We have a 10% deposit but HSBC told us yesterday that we would need at least 20%! Can anyone name any mortgage lenders…
SA302 forms - HSBC
Hi Will HSBC accept my three years SA302 forms for proof of self employed income, or will they look into my accounts etc? I would like to know as i do not have my accounts audited by an accountant, so need to know what HSBC requirements are before I go forward. If HSBC do need audited, which banks or mortgage brokers are…
Loaned deposit from family
I was wondering if anyone could help me! What is the general stance on a loaned deposit from a family member? The terms would be 0% interest loan and no particular monthly terms attached, just the promise to pay the deposit back over time. Would mortgage lenders treat this in the same way as a commercial loan? Also, would…
Father gifting deposit and living rent free
Hello All In the next 18 months/2 years my husband and I are looking to purchase a house for us 2 and my Dad (who will be approaching 70) We will be using his money from the final sale of his house for the deposit (approx £70-80k of the final amount). and we will get a mortgage for the rest... Now my Dad will be living…
Developer option and getting a mortgage?
Hi there, We have a developer option to sign. The developer is interested in some land on our property and will seek planning. We have an existing mortgage with Santander, and so they would need to sign an agreement permitting the option. Although there would be no risk to the property (only potentially an upside) the…
Natwest Mortgage in Principal
Hi All, I am wondering if I can get some advice on here as cannot seem to get a straight answer from the Mortgage Adviser. Me and my partner have applied for a Mortgage through Help to Buy with Meridian Mortgages who have got us a Mortgage in Principal from NatWest. Now I have been given a few bits of advice all slightly…
Enhanced Consumer Indebtedness Index
My Partners son applied for a mortgage today and it came back decline with the code ECll ( Enhanced Consumer Indebtedness Index). So far all ive managed to grasp is its an experian thing which all banks are now following. He has paid all his debts recently so is debt free. Any suggestions on what this is and what the next…
Mortgage & debt advice!
Hi folks, brand new to the site and I've been reading other guys post.....the help and advice is brilliant. So I thought I'd jump in. Ok bit of background, we are looking at a home for £240k on the help to buy scheme so looking at a mortgage of around £175k we need a £12k deposit. At the moment our debts total £13k on a…
Advice please...
Hi all I'm new to this forum but was just after a bit of advice. Basically we had an offer accepted on a property and on day of exchange our sellers decided they wanted a further £6k as 'house prices have gone up' bearing in mind they only accepted our offer 8 weeks ago, we decided that we liked the house enough to pay the…
Standard mortgage for land
I've a relative who's wanting to buy a piece of land for a business opportunity, the land won't be built on. He has a business plan and the plan does produce profits. I've tried to find the answer to his question on the internet but I've failed to find it. He already knows he can get a mortgage to buy a house, but he…

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