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Nationwide under valuation.
Hi all So me n oh are ftb and we applied for a mortgage in september last year for a private sale, were accepted straight away and house was valued at £125, 000. Anyway the sale never went through due to sellers side. So anyway fast forward to February. OH started new job and the house in question went on open market. We…
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NatWest insists we use solicitor to add name to title?
hi - My husband and I are in the process of adding my name as a joint owner to his property, which is our residence. (My husband will convey the property to me and him as joint tenants.) This requires the consent of the lender, which is NatWest - he has an offset mortgage with them. I spoke to the Land Registry, who…
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Mortgage declines after initially agreeing?
We had an offer accepted on a house we really like and have just signed the paperwork for EA's. We had been told by bank (who we have current mortgage with) that we can borrow upto £123,000. We currently owe £63,000 and need another 30K totalling £93K, quite a bit lower than max limit. The house we are buying is 192K (we…
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95% Mortgages
Do they exist for couples where one is on an existing mortgage? Divorced but cannot be removed due to children.
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Release of funds - mortgage
Hello! I'm a first time buyer, approved mortgage and transferred my funds. We are aiming for a completion date for Monday (Wednesday today). I have asked my solicitors for an update and received the following: I have spoken to your lender they have received our certificate of title and can not see any problems with release…
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When do I pay ERC?
Hi All, This may be a very stupid question but just wanted to double check.....I'm (hopefully) in the process of remortgaging, or trying at least but waiting for a response from the new lender. Because I'll be coming out of part of the mortgage early (extra lending) I'll have to pay ERC's to the tune of £800 (ouch, but…
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Possibly a stupid question about endowments...
Thanks for replies, much appreciated.
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Holiday lets?
Are there any holiday let owners out there? If so, I'm curious to find out about the number of mortgages available on holiday lets, and roughly the kind of LTV/interest rates going? Any restrictions lenders tend to put into place etc. and in general how you find it? I'm already a residential LL but a holiday let is…
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Leaving country but can't get mortgage for rent?
Hi all, I appreciate any help I get regarding my current situation. :mad: I want to buy out another 50% share of my apartment which means I fully paid for 50% of the property, borrowing on the other half (£60k) - meaning I own 100% share. My partner and I have to relocate our jobs to Amsterdam so one of the avenues we have…
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mortgage balance higher, possibly ERC?
Hello everyone. I've just switched to a new 2-year deal with Halifax and it looks like they have charged me an ERC fee (?!) although the advisor said they would waive it if there were less than three months left on the current deal. The current mortgage balance displayed online is over £216K when it should have been…
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Fees
Morning I know it varies person to person and house to house but how much did your additional fees come up to when you bought your house? I’m trying to gauge how much I need to save to cover deposit and fees but have no idea how much these fees could total. I’m hoping to get a property for less than £125,000 so I won’t…
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Penalty or not
Hi - we have a mortgage of around £96k. It is a 3.24% fixed until May 2015 and we can overpay 10% each year without penalty. My wife retires in November 2014 with a lump sum. I will retire in October 2015 with a similar lump sum. I have been told that to completely pay off the mortgage would cost charges of £2864, and…
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Morgage dilemma
I am looking to remortgage and have been fiddling with the calculators. It seems to me that I can save money by taking a longer term mortgage (I am now on 17 years and am thinking of stretching it to 20 years) by taking a lower mortgage (I can use a bit of money from other sources), but increasing the term and overpaying…
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equity loans dilemma
Hi every one can anyone enlighten me. Q. Equity loan, so far I understand when the loan reaches 5 years after this date there is a one off fee of 1.75% and this increases every year, but no mention of how much. Q2. Is the interest just accrued idenfitely? until it is paid off or house sold? The imformation is very vague…
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Broker advice
We met up with a broker yesterday (he came to see us at home). He's based in an Estate Agent, however, he's not "affiliated" with them. It's a small local Estate Agent, only has the 1 office which is in our town (rural North Wales, don't see many/any chains). He's part of / belongs to / affiliated with (don't know the…
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Best lender for self employed mortgage
Hi I am currently looking at buying a new house and would need to borrow some additional money to do so. I have always been of the employed status when applying for mortgages previously but for the last 4 years have been self employed and so am finding lenders have a very different set of rules in terms of how much they…
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Help to Buy New Build and Options
Hi there, Heres my situation. Firstly I want to know if I can put the cost of options, like flooring, white goods etc. onto a help to buy mortgage? I work for a major housebuilder and am looking to buy one of our houses. I get a decent discount. The details as follows List price: 180k After employee discount: 167k My…
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Mortgage Needed
Hi all, Im hoping someone can shed some light on who may be my best hope in getting a mortgage. I currently live in a rented house, however the landlord is looking to sell in the summer time. I have saved up enough for a 10% deposit, however, due to my marital split 5 years ago I had 1 ccj (satisfied) and 2 defaults…
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Tips for finding a good broker?
Is it as simple as looking in the Yellow pages for a whole-of-market broker? Or are there other things I should look for? If I give the broker all 3 of my reports will he advise me what to do if i am declined or there are any problems first? Should I go with someone who charges me a fee or takes their commission from the…
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Overpayment on my mortgage (normal rate but let out)
Hi, I'm in the lucky position to have a normal mortgage rate and have it rented out due to my job. I have a mortgage of £87,550 at 3.79% (2 years repayment). The mortgage repayment is £520 and I'm getting £515 in rent. My question is. A. Would it be better for me to pay the 10% overpayment I'm entitled every year to pay my…
