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Getting a mortgage on a fixed term contract
Hi Hello everyone, my first post so thanks for looking. I have a question regarding our ability to get a mortgage if i am on a fixed term contract. I am looking to move jobs and a position has become available at a well respected financial organisation on a good salary and close to home. The only downside is that it is…
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Estate Agency based Brokers - Unethical? Useless? Your thoughts..
Not sure if this is strictly speaking the best forum to bring such a topic up, however it's the only board I pay attention to and a seemingly hot topic every time it's mentioned within a thread. Anyway, caught a line earlier regarding estate agency brokers being 'unethical' on the basis of using hot buyer lists, so rather…
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should i be worried?
15 years ago when i was young and stupid i was made bankrupt. handed in the keys to my flat and so on... I vowed never to to anything so daft again. Since then i have had no credit issuse and had a mortgage, credit cards etc. I have just sold my house and am looking for a new mortgage a deal has come up with the company i…
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RBS mortgage overpayment in suspence account.
Hi, On Friday I overpaid £400 into my mortgage account (RBS) in order to get my Loan to Value to drop to 70% in time for my deal change at the end of the month (fixed term ends). I did this in branch from my main account (all RBS). I was told that the mortgage account cannot be paid directly into and the money had to go…
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sanity check - pay a chunk off mortgage?
We are hoping to move house within the next 6 months. We have been on a 5 year fix mortgage on our current home which finishes at the end of this month. We have 65% equity in our house. We also have cash savings, kept for either the house purchase itself or to fund any work that will need doing. Now that the current…
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abbey national mortgage acc
is it possible to find account numbers for settled mortgages with abbey national ?
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Advice please re statements after going into new month
Hi All, currently waiting for a mortgage offer from Santander. I know they are taking a long time at the moment with the help to buy coming in etc. Our application was passed to the underwriters last week. They have had it for 3-4 days but have now come back and asked for February bank statement. We did provide them with…
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Mortgage - paying in full early - charges calculation
I have 30 K left on my mortgage and pay 700 capital, 100 interest monthly on a fixed deal with 3.5 years left. I am contemplating paying the whole amount back now and my bank would charge me "4% of an outstanding amount" penalty for doing so. My question is: what would this amount be? 4% of 30K, or 4% of 30K plus any…
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Bank of Scotland & Data Protection
I am helping a family member sort out his finances following a break-up with his long-term partner. Amongst other things, she has left him in a situation with the Bank of Scotland whereby she has not been making payments on a house she part-owned and therefore the Bank are taking legal action against them both as they are…
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Santander Mortgage - Slow process
I am in the process of moving home and have applied to Santander for a mortgage. I currently have an Alliance & Leicester (now Santander) mortgage which tracks at 0.99 above the BOE base rate. I originally wanted to get a totally new fixed product (wanted the security) and so went into a Santander branch. I spoke to the…
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Lender changing amount they'll lend
Hi first time buyer here, Having some trouble with my mortgage provider (Nationwide) I have used a broker (London & Country Mortgages in Bath) and they found me a good deal based on my net salary. They asked me my debts and the only thing I have is my student loan which is taken out of my salary automatically. The quote I…
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Pension contribution and affordability
When using the range of affordability calculators on various banks websites do I need to include dedctions for my pension contributions? Doesn't seem to show anywhere on calculators. I am a teacher and am signed up to the teacher pension scheme, I make no additional voluntary contributions.
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Applying to more than one provider?
FTB. We have a decision in principle from Nationwide. However it looks like Halifax is re-introducing their offer to pay stamp duty making this option potentially attractive. Does having a decision in principle from one provider preclude an application with another provider? Are there other implications from lots of credit…
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Will lots of current accounts affect mortgage application?
I did a search for this but couldn't find anything; if I knew the exact words to search for I might have been able to, as I'm sure someone must have asked this before. If I open a few current accounts purely for the monthly interest / bonus payments, no overdraft facilities on any of them, could this raise red flags with a…
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Coventry Building Society Offset Flexx mortgage
Has anyone had anyone experience with Coventry Building Society Offset Flexx mortgages? I'm wondering how often they put rates up and if it is worth a change from my current tracker. Are Coventry BS fairly sensible with their rate changes, and have they historically moved in line with BOE changes?
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Credit Reports & when to apply
Hello, I'll try to give all the detail needed, if you need to know anything else to answer my Qs please let me know... We are first time buyers looking to purchase a new build with the help to buy, so looking for a 75% LTV mortgage. How long does it take for changes to be reflected in a credit report...do the lenders get…
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Unused Overdraft - Effect on Mortgage Application
I currently have two bank accounts - both in credit. One has an unused overdraft of £2k and the other £3k. Is it beneficial to reduce these limits when applying for a mortgage, so that the proposed Lender isn't put off by potential access to borrowing elsewhere? Any thoughts or opinions on this is much appreciated. Thank…
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good credit score..... but 1 old default preventing mortgage applications
Hi I have applied for a mortgage through a broker which was turned down on the basis that I have a single old default (cleared in 2012) which was a joint current account with ex husband: overdrawn while divorce was sorted. Other than that my record is spotless. Any ideas how I can get a mortgage agreed? Is it severe enough…
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Halifax over payments :(
Hi, Just received my first years statement to find out that paying £100 per month extra has cost me £3000 in penalties!!! I'm sure that when i phoned to ask how to set it up they informed me that i could over pay up to 10% of my mortgage per year?? is there anything i can do?? Any held much appreciated. C
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NRAM A case for misold mortgages?
I have the nightmare of a together mortgage but have equity now but no one will will give me a remortgage probably as I am self employed. It has been payed ontime and overpayed I feel angry as I am stuck with it ,and know advisers were been payed huge commission to push these things.How can a part secure and part loan be…
