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Mortgage App - Lower amount offered
I've been sacrificing and saving for a new house for some time and have done quite a good job of it. I've established a good deposit and (finally) have found a house that I liked and had an offer accepted. I looked around and the best deal I could find was YBS which was offering 2.24% at a 65% LTV. I did a check to see how…
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Re-mortgage advice please
Hi, I wondered if anybody has any advice for me. I have recently separated and want to re-mortgage the house in my name, ex agrees. It is currently a joint mortgage with NRAM. I have been to Lloyds and they have agreed a re-mortgage, not signed anything yet, but I wonder if I should use a mortgage advisor? Also not sure on…
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Porting mortgage with a DMP
Hi, I am not sure if I have posted in the right place but someone on the DMP suggested this may be a good thread for my question. I was wondering if anyone had any experience of porting a mortgage whilst on a DMP. We have enough equity in our house to pay off my DMP which is 55k. I haven't been on the DMP long but it has…
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4 day late payment
Many thanks
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New Affordability Mortgage Rules Apr 14
Hi Guys I was wondering if any of you fine folk know the new rules that came into place recently with regards affordability for a mortgage. I take it they have become stricter?????
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MMR Halifax nightmare
Firstly a bit of background info We have been renting for 6yrs but the landlord is selling so we applied for a concessionary purchase mortgage with 10% from the landlord and 5% from us so 85% ltv 4/4 Got a DIP from Halifax direct over the phone 5/4 9am Full application over phone , adviser said all credit checks ok but it…
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redo survey for higher amount?
Agreed a price on house, offered 120 was accepted. valuation was done and 120 put on documentation. Had to go 5k more as seller couldn't release from his lender for 127 (we've offered 125 and he's funding 2k himself) Im sure Santander will approve us for 5k more as agreement in principle from Halifax was for 300K. So…
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Best Tracker mortgage
Dear all, Which financial institute provide the best Tracker mortgage? Any help most appreciated. seb
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agent questions
We've just been given an agreement in principle by kensington. I've just called to arrange a viewing and the agent has asked who it's with and what our deposit amount is. I was taken aback so told them deposit amount and the name of our broker. Is it normal for them to ask these questions?
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Buy To Let Query.
Hi, I currently have an outstanding mortgage balance of £59,000 on a property worth around £170,000, which I am overpaying by the maximum amount a month. This will potentially be cleared in 5-6 years. Am I able to re-mortgage this property in order to purchase a second home which will be let out? I ask this as getting a…
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Cancelling A Mortgage Application Help?
Hi I am hoping someone can help me please :o I am having problems with Santander (who I believe are notoriously bad at mortgage applications). We applied for a mortgage nearly 5 weeks ago (through a broker who appears to be equally bad) and have achieved virtually nothing (apart from a mortgage in principle only) No…
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Mortgage Arrangements
Hi, I became unemployed in May 2013, but still managed to pay the full mortgage payment every month. The last six months I have had an arrangement in place which is reviewed every three months. I am with the Nationwide. I am currently paying £200 less per month than the original payments. (Thanks to my partners job -…
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7.4% fixed for 5 years coming to an end
Hi, in 2009 we bought our first house - the only mortgage we could get was with Natwest and that was fixed for five years at 7.4% (eek!) In September we are coming to the end of the five years and I just wondered what happens? Will it automatically go down? Sorry this is all new to me! Thanks
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First time buyer - Looking for advice for a friend
Hello everyone, One of my friends has asked me for some advice, so I said I'd have a look at what was available to him He wants to buy a house that is £130k. He has a deposit of £70k, so would need to borrow £60k. He wants to borrow over a term of 20 years (not 100% set on this though if someone advises he changes) He is…
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1st Time Buyers: Miss Good Credit and Mr Bad Credit
My partner and I really want to buy our first house but will have trouble as even though she has an excellent credit rating, I have a terrible one. My credit rating spiralled out of control as soon as I turned 18, was immature and had a low-paid job. Now that I'm 29, have grown up and have landed a job at £35k, my marks…
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Halifax fixed rate 2yr mortgage product 2.74% Vs 3.14%
Hi, I’m doing quick comparison on how much I pay first 2yrs fixed of mortgage plus any product fee. I was originally going to go with Halifax’s 2yr fixed @ 2.74%, which has a £995 product fee but then upon cross checking another 2yr fixed product that one has £0 product fee but slightly higher rates @3.14% so then I…
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Telegraph article about fixed vs tracker mortgages
Interesting read if you're currently deciding between the two. :) http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10760695/When-a-tracker-mortgage-beats-a-fixed-deal.html
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Help & Advice with 1 default and morgage application
Morning People Going to make it short and sweet as i am sure other people here are in the same boat as me. Looking to apply for a mortgage in the next 3 months on my own. I have a 15K deposit and i am a IT Consultant earning 30k a year plus extra OT a Month. I got my Credit Report and its showing a default from 2010 from a…
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Problem with Mortgage Adviser
Hello All I was looking for a mortgage adviser to help me find me a mortgage due to my past credit problems. The guy was recommended to me by a work colleague so I thought I could trust him. I was advised to pay £495 up front for his services and thought this was normal practice (I have since discovered this is not the…
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15% deposit or pay off cc's
Simple question really but unsure which path is best to take, I'm looking to apply for a mortgage and have a 15% deposit but also owe on cc's, now I can pay off the cc's with some of the deposit money and apply ? unsure which would be the better option, here is the summary, have a 10% mortgage deposit of 8000 with no cc…
