-
Number of Credit Searches
After two months of hard graft, I (almost) have the contract in my hands for our new house (it's dictated, but not printed yet, apparently.... solicitors..... sigh....). Anyway, I notice that our lender, The Leeds, have done a total of three credit searches (one when we applied for DiP, one when I changed the loan amount…
-
Is there hope with a Mortgage
Hello, all. have been reading the forums for the past week, as we are struggling with a Mortgage now. The reason i say now is that we had a DIP from HSBC and then on application it was rejected. Im employed but the company i work for use my consultancy company to run payroll, so on face value it looks like im self…
-
Remortgage to extend home
We are looking to remortgage in order to release funds to extend the property. We currently owe 100k and the value of the house is around 155k. We need around 42.5k for the extension and our current provider wont let us borrow more than 80% of value. Any advice in the type of mortgage we need would be much appreciated.
-
Santander are taking the P%$# now!
14/02/2014 - Full application in & supporting docs via broker told things where slow with the flood of applications and whats happening in April etc. 26/02/2014 - passed to underwriter 05/03/2014 - Requested most recent bank statement!! (thats 6 working days after it was put in the que) 05/03/2014 - statement uploaded by…
-
Interest only mortgage advice
Hi all, Our situation is we have an interest only mortgage with 18 yrs initial term 25. No arrears we have missed a couple of payments in the past but caught up. We would like to change over to repayment but have a poor credit history and are currently on a DMP. Do you think there is any chance of changing over to…
-
Barclays/Woolwich - another valuation & survey
Hi Am in the process of increasing my mortgage with the Woolwich/Barclays to move house. They are saying they want another seperate valuation/survey done on the property I am buying, when there is already a survey and home report done on the property. Barclays are saying they want to commission their own, is this right? Oh…
-
mortgage for ILR
Hiya, Im in the UK on wife visa. Im here already for 4 months. I would like to invest my savings into property of around 150-160K. I have 60K deposit money. I haven't got a job yet. Can I get a by-to-let mortgage? Thank you.
-
MMR affordability and stress test - one for the pros
Hi The various MMR articles are fairly generic and I find them quite confusing so I have googled to try to find examples that would illustrate how affordability and stress testing would be applied after 26/4/14 but no luck. I understand stress testing would be carried out against currently 6-7% in 5 years time. Would pay…
-
List of mortgage companies htb?
Hi, I was just wondering if there was a list of mortgage companies that participate in the Help to Buy Equity loan scheme? Or does everyone participate and we just look at 75% ltv mortgages? I just want to have a look and compare some of the rates & amount we can borrow with each Thanks
-
Shared Owner fixed rate ending....what do we do?
Hi everyone, we bought in 2008 a 50% share of a property with a 100% mortgage on a fixed 4.99% rate. Our rate ends in June and we will be put on a 4.74(currently) variable. I spoke to Britania/Co Op about options of fixing again but they said due to us being shared owners they wont offer another deal just the standard…
-
DIP questions
Hi All I have some questions about DIP's, hoping you can help. Come April/May/June time we are hoping to have enough money in the bank to go to our bank (Nationwide) or broker and discuss mortgages. Can I ask, regarding DIP's 1. How do they differ from the affordability calculators online? Will it be more in depth about…
-
Standard Life Endowment help
Hello good people, I hope you can help me. My sister has an endowment policy with Standard Life due to mature in July. She has been able to access her information on Standard Life website but now it has been removed. She made a complaint and she received this reply I thought I would email you with an update of the…
-
Fix for 2 years or 4 years?
Hi All, I wondered if I could ask your opinions please. Our mortgage deal (currently 2 year fixed rate with Halifax) is coming to an end and apparently we qualify for two new deals which are: 2 year fixed at 2.64% which will make our mortgage payments £1068.61 OR 4 year fixed at 3.44 which will make our mortgage payments…
-
Valuation done, how long to wait for offer?
Remortgaging with the halifax. Loan agreed pending valuation which was carried out last Friday morning. How long to wait for the offer? Thank you.
-
New buyer
Hi all, im currently saving for a deposit as i would like to buy a house in the near future. im only 20 and have never had a credit card or loan before. the only standing order i have is for my rent. how will this affect my credit score or will i just not have one? if so, whats the best way to improve it?? cheers in…
-
Help to Buy Mortgages
Has anyone got one of these? How easy are they to get?
-
Mortgage in Principal - what we need to show
We are first time buyer & going to put an offer in a bit of a rush (we're looking at buying a flat in Edinburgh). We haven't spoken to a bank/ broker but we just found a flat we really love, it's a repossession they're very keen to sell asap so we'll have to be quick. To be able to put an offer, we'll have to get Mortgage…
-
Changing mortgage product
Hi guys, My girlfriend and I put an offer in on a property at the beginning of January. Offer was accepted, mortgage offer received mid Feb. However, unfortunately, the vendor said last week he wanted another £30k from us, and as we declined, he's pulled out. We were obviously very upset as we've paid about £2k in fees so…
-
Wanted to say Thank You
I moved in last month into our house after 6 years of waiting after some stupid financial decisions. I read this daily still and thank my lucky stars I stumbled on this forum last year. The advice and threads on here kept me (relatively) sane during the purchase process, so thank you to all who post, you really helped me…
-
Mortgages in retirement - what's the broad picture?
I have had an interest only mortgage which I've whittled down to well under half the size it was originally. Unfortunately however it will still be hanging around my neck at the end of the three year fix I started two months ago, by which time I shall be drawing my state pension. The monthly repayments are easily…
