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New build mortgage complicated by builders deposit
Hi guys, In the process of part exchanging our current property against a new build (details in thread below). https://forums.moneysavingexpert.com/discussion/4876550 Planned on a 15% deposit (5% of which is builders contribution) and have been told since day one that based on the figures and my income, getting a mortgage…
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fixing rate/moving property
Hi All, I'm about to come to the end of my fixed rate period on my first mortgage, so am entering the confusing world of re-mortgaging/changing the deal with my current lender. Ideally, for the peace of mind, I'd like to fix for 5 years or so. However, there's a high chance that during that time I'll want to move from my 1…
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Re-mortgage & fix now before rates rise?
Anyone considering doing this or has already done so? Be interested to hear from people who are/have and what factors helped them make their decision. I'm currently 3.25 years into a five year fixed rate mortgage but thinking of re-mortgaging on to another 5 year fixed rate elsewhere. I hate the idea of paying an ERC as it…
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Redemption Figure Delay
I am in process of remortgaging from HSBC to YBS who have appointed a firm of solicitors called Optima Legal. It has taken three weeks to get a redemption figure from HSBC in order to allow completion. This is based on the date when Optima Legal first asked for the redemption figure from HSBC (according to Optima). Optima…
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Decision Day - Advice please
Decision time; Advice please options are Halifax 2years fixed 3.5% APR (1.23 for every 1.00 borrowed) or move to Santander 2 years fixed 4.2% APR (1.29 for every 1.00 borrowed), then qualify for special rate for existing customers and go for longer when 2 years run out. Also get 1% on monthly mortgage payment back with 123…
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success… now how many years
Hi all after being refused a mortgage from leeds and hsbc in the past 3 weeks.. I asked on here what to do.. Really helpful and everyone suggested an. Independent.. So we found one and in return he's found us a mortgage.. Its with skipton… Now we have 2 options… Mortgage is 60k over 14 years 90% ltv 2 years @ 3.99 460 per…
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Selling after remortgage
Hello, We have owned 40% of our Share Ownership property for 27 months now, we recently staircased to 100% at the end of Feb. Does the normal 6 month buying and selling rule apply where by potential buyers will find it difficult to get a mortgage? Many thanks
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Any idea how this would work?
A local firm in West Yorkshire are offering to lend people the 10% deposit to buy a house. The loan is interest free and yet lenders won't allow loaned deposits. http://artisanhomes.co.uk/faq.php I called and the company, they explained the loan isn't secured against the property it's interest free and it can be taken out…
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Is there any hope .......... Yet ?
Sorry - This is going to be a long post To give you a bit of background, 12 years ago we had a baby and I didn't go back to work as soon as I should have which ended up causing us a lot of problems financially. To cut a long story short, we sold our house paid off the debts we could and went into rented. That was almost…
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Advice on switching deals
Hi I am an avid reader but a new poster after some advice. 8 years ago I took out a mortgage with Alliance and Leicester with my mum as I needed her help at the time to buy a house. I was single and was able to afford the mortgage payments. I took out an 95% interest only deal which I sporadically overpaid on. Move fwd 8…
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Repossession Advice Needed - I am so Angry (NRAM)
Hello... I am absolutely fuming with NRAM and am shaking with anger. I had best explain my situation... Last year I had a nervous breakdown and left my teaching job (earning £37k). I was unemployed for a time and then got work as a supply teacher. Instead of being on my old salary, I am on £96 per day gross after the…
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Halifax mortgage application, valuation done what's the chances of getting rejected
Hi there everyone I am just looking for A bit advice. Me and my fianc! got accepted for a mortgage AIP then our broker put in our full application and Halifax took out money and sorted out the valuation, we now have that back and it's been given the all clear the house is worth the money we want to pay for it. Out broker…
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Barclays Direct (formerly ING) to Barclays
Hi folks, I just want to alert those of you with ING/Barclays Direct mortgages that are transitioning to Barclays proper over the summer to something that is not explicitly stated in their letter. Over the summer, during the move, they will not allow changes to mortgage term or repayment rate. What I did not realise, but…
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How will loan affect mortgage application?
Hi I've just taken a loan of £4200 over three years from Santander to consolidate credit card debts (which are now fully paid up and closed). Any ideas how this might affect a mortgage application, and how long I should wait before applying? Thanks!
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nationwide mortgage declined
Hi looking some advice please my son is nearly 20 and has been with Nationwide over 10 years. He has nearly 20K in savings with them and a student loan of £6000. He is currently in a probationary period, employed by the government and earns £26500(7 months completed). He has an excellent career path. He has no outstanding…
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Is Natwest agreement in principle trustworthy??
Hi! So far I have tried for a decision in principle from Nationwide (declined, I'm pretty sure due to lack of credit history - I've never had a credit card or loan, and a lot of the places I've lived it's been someone else's name on the bills. I've obtained a decision in principle from HSBC, which was quite low compared to…
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Worried my mortgage application will be declined
Hello, I’ve got myself into a bit of a tizz, would be ever so grateful if any mortgage brokers, or anybody else could offer any input. What are my chances??? Thanks Background info Salary: £29,837 Student loan repayment: circa £80 per month, final payment due March 2016 Unsecured personal loan: £32 per month, final payment…
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will i get a mortgage if i pay off my credit cards?
So me and my husband have been accepted for a mortgage but thet want a 20% deposit. If we pay off our credit cards (amounts are as follows: £700, £1000, £1400, £1600) are we more likely to be accepted with a smaller deposit? Many Thanks for your help CM
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Help to Buy HELP!
Hello, I am looking to purchase a property using Help to Buy with my girlfriend but I have a buy to let property. Therefore, I am not eligible for the Help to Buy scheme. My father is property developer so I could transfer the buy to let property back to him. Can anyone advise if this is the best way for me to become…
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Buy To Let...Self build mortgage req
Not sure if the title is correct but this is what I need to know. I have a property that I let, it has a plot of land at the side where I am hoping to build another house and then let that out. I approached a broker to look in to finding me a mortgage...he was unsuccessful, unless I lived in the property. He told me that I…
