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Full Structual Survey
We applied for a homebuyers report which obviously includes a valuation- however we have just heard that the lenders don't want to do a homebuyers as it is a listed building. So they are only going to do a valuation instead and have advised us to get a full survey done independently. If we decide not to get a full survey…
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Ombudsman said no re claim: the end?
I had £100k endowments, they paid out £60k. Referred to Ombudsman, they said no. Can I do anything?:mad:
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how long does it normally take?
I met with a mortgage broker 2 wednesdays ago and she took down our details and said she'd try us for a h4lifax AIP. Last Tuesday she came back to me saying they would only give 65% ltv which wasn't what she expected and did we have any adverse history. She hadn't asked that at the time and I forgot to ask about it as I'm…
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Fixed rate ending - help understanding next steps
I'm wondering if someone can give me some advice. Our 3 year fixed rate mortgage deal comes to an end in June and as this is our first time we are not really sure what happens next. I presume the bank we have the mortgage with will contact us closer to the time when there is so little time left that you don't have a choice…
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New rules for mortgage approval
http://www.thisismoney.co.uk/money/mortgageshome/article-2589480/Clothes-car-quiz-just-mortgage-Lenders-ask-applicants-questions-lifestyle-prove-pay.html This has probably been discussed before, but just curious really. I have just been reading this and from the article at least this doesn't seem any different to what I…
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Mortgage in principle
Hi there, Feel a bit silly for asking but if you don't know its always best to ask! I'm a first time buyer, I work full time in a salaried job and part time, seasonally for my partner - as an employee (all declared, taxed and above board). My partner is self employed and will be getting his three years of books signed off…
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Second mortgage
Hi, So I have a residential mortgage with a friend on a property, it has consent-to-let and at the end of 5 year fixed term we will be moving to a BTL mortgage. Now I also wish to purchase a property with my fiancee, however looking around the internet it says second home mortgages LTV is 60%-75%. W only have a 10% deposit…
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Mortgage/credit rating advice
Hi all, I'm looking for some advice about my credit related to applying for a mortgage. I have looked at both my Experian and Equifax credit reports prior to applying for a mortgage. My Equifax report is good - everything is excellent except for electoral roll, which is fair as I have been on it at my current address less…
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Skipton DIP Unsuccessful.
I'm after some advice if I may, we have just applied for a DIP with Skipton online and it was unsuccessful. I think this is due to putting down our Buy To Let properties. They are self funding, over 125% rent. We pass the affordability criteria and are looking for an 85% remortgage for a personal home extension, the DIP…
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Interest only woes
Myself and others are very concerned about a friend who seems very down. She is being increasingly open about her financial situation and an alarming picture is emerging. She has an IO mortgage of about 150k, no repayment vehicle and equity of about 30k. She is in her late 60s and the mortgage ends when she is 75. I…
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Interest-Only Mortgage - No Repayment Vehicle
Hi all, I was wondering if I could get some advice. In 2007/2008, I re-mortgaged my home (an apartment), which I bought in 2005/2006 for £110,000 with a 100% mortgage of £145,000 on an interest-only basis. The lender sent someone to value the apartment and he told me at the time that the property was worth £175,000 (I now…
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Will being in my Overdraft/money deposit affect me getting a mortgage?
Hi everyone. I was wondering if someone could possibly give me some advise as i have seen a house which i really like and i know it wont be on the market for long before it has been sold. Im a first time buyer & due to the houses in this area being sold like pancakes i doubt there will be enough time to use the goverment…
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Self Employed remortgaging,
Hello, Im Looking to sell my 2 bedroom terrace worth approx 172,000 I Have only 113,000 left on my mortgage but im looking to buy a house in the region of 230,000 If the mortgage company lets me borrow the extra money. I earnt 41K last year and probably around 51K this year once my accountant does his bit. Id like to know…
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Want to borrow more, overpay to ensure?
The mortgage has only just completed, but I suppose its never too soon to plan! House was bought with partners mums name on the mortgage (she still owns half) When the current deal comes to an end 2 years, the plan is to buy her out at £42,500 although we have paid £1,400 already and plan to pay £200 per month for the next…
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Mortage deal expired Help Me Please :)
Hello good people I just found out my mortgage deal is due to expire end of this month. I owe £16,000 on mortgage, it was for 7 years 8 months remaining at 2.49% fixed rate. 1. If i want anything other than the standard variable rate which I think is 4% with current provider I have to increase my mortage by £9000 to £25000…
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Offset tracker mortgage
Hi Am in very fortunate position of being able to nearly clear mortgage with a lump sum windfall. However the offset mortgage we have has draw down facility so we can draw on it should we need a big lump sum for something. We anticipate using this. Mortgage has 25 year term with 20 to run. We want to retain the draw down…
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property valuation for mortgage
i had the result of a mortgage valuation today. I offered £x. The valuation came in at the offer price. I was surprised by this as i thought the valuation might be slightly more. thinking more about it though, i agreed to buy for £x and the vendor agreed to sell for £x and therefore £x is the market value. i am interested…
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One little mistake
Getting prepared to apply for mortgage and bank has asked for 3 months bank statements, I stupidly went over my overdraft once in Jan by £18 for a few days (and this has been the only occasion ever), will this scupper my chances or will it be seen as the glitch it genuinely was? Application is with clydesdale bank if that…
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first time buyer help
Hey I have just had an mortgage application declined by HSBC for 88,000 their reason is because i work a 3 week rota and each month my income varies, but my annual income is fixed at 19,000 and they would be worried i would not meet repayments each month on top of cost of living. (which i can) So they have took my lowest…
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fixed mortgages should banks gain from their sub-prime fiasco
We have an issue with a 10 year fix we took out in 2006, on 2 fronts. We have been in touch with the Woolwich and the FSA (now FOS ). When we took out our 10 year fix with the Woolwich we were obviously unaware, and would not expect, that the banks had been involved in a sub-prime lending ticking bomb which would affect…
