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With Santander - changing from SVR to fixed - anyone had a good deal recently?
Good afternoon all, We have a mortgage (in three seperate 'products', each on 4.74% SVR) of around £143,000 in total so paying a huge amount of interest as you can imagine! SVR's kicked in about three years ago and it's gone up since about twice, so now looking to fix for maybe three years, hopefully at a lower rate than…
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Firstbuy remortgage
hello mortgage under this scheme is due for renewal currently with Halifax and this is the first renewal as bought property 2 years ago the mortgage brokers supplied by the developers at the time of purchase have asked that I review options with them my question is this- given that my situation hasn't changed ie I am not…
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Pre-approved mortgage possible?
Hi Guys, Newbie question, Not sure if it is a silly one, but just want to check from the members here. I am a first time buyer and was wondering is there possibility you can get a mortgage pre-approved before you select the property. I am not talking about AIP/DIP but the full application. Of-course mortgage provider has…
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Can I get a DIP?
I am in the process of being bought out by my ex-partner. She has a mortgage agreed to buy me out of the property and everything is in process, albeit slowly. We will complete our divorce at the same time. I found a house sooner that I thought I would and want to put an offer in. The problem is, will I be able to get a…
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Mortgage Broker Consent Form
I have been contracting many mortgage brokers these days. There is one who offers products from the whole market suggesting me to sign an Express Consent Declaration form. In the form, it is all about they giving me advices in all products and no charges in upfront. Should I sign the form? Is is a general practice for a…
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First time Morgage for Lone parent
Hello, I been offered a Mortgage from my bank, to buy the house I am renting, rent is £500. They seem to think my Mortgage Re-Payments will be cheaper than my Rent. At the moment I Work part time, and I am a lone parent with 2 small children. I receive housing benefit for £340, which go's towards my rent, and help with C…
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Additional borrowing
Hi Currently have mortgage with coventry bs.. I have a 10k loan with nationwide with 5 years to run ( i took this out to clear an old northern rock together loan I have roughly 10k equity in my house which would take it up to 85% ltv Would coventry allow me to add this on to my mortgage? Cheers
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AIP joint mortgage credit searched me but not partner?!
My partner and I had an AIP carried out by Lloyd's on 24th Feb, I have just checked Experian and on my report it says mortgage quotation by Lloyd's but this doesn't appear on my partners Experian report. Any idea why this might be? Confused!
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Moving House Deposit
Hi, I currently live in a house which I bought a year ago. I put down 5% deposit and mortgaged 95%. I paid £133,000 for my house and it is now worth £140,000. There's £125,000 outstanding on my mortgage. If I move to a house of the same value would I need to put down a deposit? And if so how much and when would it be…
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Halifax DIP
Our broker got us a Halifax DIP for £117k (yay!), although we'd probably be looking to get a mortgage £100k absolute max. Just after a bit of reassurance, because I'm paranoid like that... lol Can we safely proceed to put our house up for sale (assuming everything the broker keyed in was correct, which it was) ? :) All it…
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What would you do - Sell or Improve ?
Ok what would you do in this situation. We bought out current house 6 years ago on right to buy for £165,000, I put down £115,000 and my partner got a mortgage for £50000 (I am not on it) from Halifax, current value is a min of £325,000, and we owe approx £27000 and 8 years left to run on mortgage. We know this as we put…
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Recent (forthcoming) pay rise and mortgage application
My annual pay rise has just been confirmed but it doesn't kick in for another 3 months. Will mortgage brokers/providers generally accept a letter from my employer confirming the pay rise, or would they need 3 months' worth of payslips with the new amount (which would obviously force me to use my current salary)? Thanks.
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re-mortgaging
hi just a quick question when re mortgaging if you stay with the same lender do they re value your property or does it stay the same?
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Mortgage application
Hi, I am currently looking to take out a mortgage to move home later in the year. However I had a CCJ issued against me back in Jan 2010 for £1200 which was settled in May 2011. I have put a notice of correction on my credit file for the CCJ explaining the circumstances. Apart from this my credit file is quite clean and…
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Mortgage before selling second property?
Hello, please be kind! Mum poorly, we have placed both her & my property on market in order to purchase together. Her property value 200, no mortgage, assume offer of 190 possible. My property value 195, outstanding mortgage 70. The property we wish to purchase is 330, would it be possible to sell mum's only & retain mine…
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mortgage problem
Hi, Does anyone know how to get a mortgage for a commercial property I want to buy and convert into a house for myself? Which type of mortgage should I be looking into, is it even possible? The building used to be a house and is now offices. It has bathroom and toilets but no kitchen. Thanks, Jordan
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First Mortgage Payment (Leeds)
I am a bit confused by this statement from Leeds: The way I understood it was interest obviously starts from release of funds and if you had a 30 day month, released on 15th with payment date of 1st you'd pay 15 days interest and one month capital + advance interest on the 1st of the next month. Now, this says…
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Advice on deal
Currently with Nationwide on a 3 year tracker at 2.59%. Deal ends in Dec 2014. I’m overpaying by £500 trying to pay off in the next 8 years. Not too sure how long I can over to overpay by this amount. I cannot decide if I should hang out until the end of the year and see what deals are available with the current provider…
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Likelihood of getting a mortgage with these circumstances?
Hi all, first time poster but long time lurker as I try and get to grips with mortgages etc. I'm looking to purchase a property with my husband this year and we have some complex circumstances that I fear will put the mockery on any mortgage applications and would appreciate advice from any of you more knowledgeable than…
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Help for daughter
Just found out our daughter is spliting up with her partner after 10 years together. After they have sold the house they will probably clear £10.000 each, The problem now is she will only be able to get a £70.000 mortgage we want to help her and could give her £10.000. the houses that she is looking at are between £100.000…
