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Mortgages & endowments

Archives for April 2014

Scot life home Loans (no 4) dissolved - end assignment
Hi Would be grateful for some advice here. I took a mortgage out with Scot life home loans (no4) in the 90s. I already had an endowment policy from my first house which was reassigned to that lender. The policy matured 12 month ago with the prudential but as yet I have not received a bean. The lender was liquidated quite a…
Proof of deposit
I've been saving (and matched betting) for a few years. Now I have £60k for a house deposit. I'm a FTB. The money is spread across lots of currents accounts - Santander 123, Club Lloyds, TSB, BoS etc, you get the idea... Now I have read that lenders want to see evidence of the deposit. Ok no problem, just get the…
Non complaining endowment question.
I don't suppose anyone knows the annual return figures for a CGU Homemaker With-Profits from 1993 to 1997? I have 1998 to present (selection below) if you'd want to check you have the details for the fund I mean.1998 13.40%1999 16.00%2000 -0.70%2001 -8.00%2002 -6.80%2003 10.40%2004 9.90% Many thanks Imma
Dividends lower than profits - is this a problem for a mortgage?
Currently trying to get an 85% LTV mortgage. I'm a 50% shareholder of a profitable 7 year old company but last financial year took more dividends than 50% of the profits by using reserves. Obviously this is fairly standard practice where large reserves have been established but my broker is suggesting this could cause a…
Removing name from mortgage
Hi everyone, this is my first post here, nice to meet you all :) Hope I've posted in the right place. I'm looking for a bit of advice over removing my ex-partner's name from the mortgage/title deeds. We are based in Scotland. It's been an amicable break-up and he's happy to sign anything that's required and no money will…
Mortgage broker recommendations for BTL (1st time buyer, low credit score due to lit
Thank you everyone for the advice. Very helpful indeed!
Declined mortgage. We will have lost the MA fee won't we?
Message deleted as worried about level if info.
Has anyone has experience with tesco mortgages?
Just wondering if anyone on here has had any experience with tesco bank for their mortgage? Good or bad. After all our issues with santander refusing to accept my wife's income because she cares for a disabled adult we decided to look at other lenders and what they could offer us. Tesco bank came out on top with a 2 year…
Broker -
Hi I've given my details to a broker who is looking into it all Payments each month and outstanding How long would it take for them to get back to me? It's ONLY been since yesterday but was wondering how long it takes Is the longer it is the worse the outcome? I know it's only been a day so this is not a moan I was just…
West Brom building society application referred
Hi all, Put in an application on a product from West Brom building society today via L&C. Got a call a while ago saying it had been referred to an underwriter. Guy said it's pretty normal, especially with FTB's, but some cursory googling says otherwise. Any thoughts? Our finances are in good nick, we're both on the…
Mortgage for a recent student
Hi, We are looking to move house to a larger property, hopefully by the end of the year. I have approx 40% equity in my current property and this will work out to be approx 25% deposit on the next property after fees etc. My partner will graduate later in the year and has already been offered a job. The job has a 6 month…
FTB Advice
Hello Had an offer on a house accepted and applied with Halifax for 95% LTV, they have said they are only willing to offer 90% unfortunately. Our broker has suggested a building society but said that if Halifax didn't accept she wouldn't be hopeful of them accepting us either as Halifax are quite lenient. My fall back…
Buy to Let Mortgage at 22 years of age
Hi all, I currently live at home with parents and am looking into getting a buy to let mortgage for the time being. I have savings and a steady income but it would be my first mortgage. I know some lenders specify you need to be over 25 or have had another mortgage before. Is this always the case? Thanks :)
Additional loan or Remortgage
I would be really grateful if you could comment on the following situation. My wife and I bought 60% of a shared ownership property in 2013 and now after 1 year we would like to buy the remaining 40%. We have two options: Option 1: Our mortgage lender offered an 'additional loan' product at a relatively high rate of 4.69%…
Remortgage a good idea??
We've been contacted by our bank to talk about remortgaging. We have about £30k o/s in unsecured credit and £95k mortgage. My partner is keen to do this but I'm not, we do have a lot of equity in our property but I don't want to add any more to the mortgage. Is remortgaging ever the right thing to do to consolidate…
Mortgage application and IVA
My partner and I are have a mortgage application being underwritten with Nationwide. We have a 30% deposit and no debt. Application is for 2 x joint income. Partner had an IVA which was settled 2 years ago and is no longer on any credit reports. Lender has asked for a letter from my partner stating the reason for the IVA.…
Level of accounts required (self employed/partnership)?
I'm in the process of moving, offer accepted and my own house conditionally sold - in what I thought would be a minor hurdle, I'm now trying to port my mortgage with Santander. I submitted my accounts as forwarded by my chartered accountant, however, Santander are telling me that the signed profit & loss summaries are not…
Applying for a credit card whilst applying for a mortgage
Hi there, I'm a first time buyer looking to buy a newbuild, which is due for completion in September or October, but the developer wants to exchange at the end of May. I've met with the mortgage advisor and am currently applying for a mortgage through Santander. Obviously if we get it, the offer can be withdrawn while…
Mortgages & maternity
Hi, I'm looking for a bit of guidance. My husband and I had a mortgage appointment yesterday looking to move to a larger house. As I am currently on maternity leave, they would only lend on the basis of statutory maternity pay for me so, we were unable to borrow quite enough, despite being able to offer a £50k fail safe in…
What happens if we break up?!
Morning all... Just a quick one, I am trying to remember the name of this legal product... basically my partner and I are buying our first property together, she is putting about £18k in, and my about £12k. I want to ensure that if we break up that the first £30k will be split to show our respective deposits, and then the…

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Mortgages & endowments

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