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Any hope of porting mortgage?
Hi, I currently have a joint mortgage with Woolwich. As part of the divorce settlement, the house has been transferred into my sole name. There is a £25k mortgage outstanding and I have been paying this for the last four years. The house is now on the market and I have moved to Northern Ireland. I shall be buying a…
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Santander fixed term coming to an end
Hi all, My Santander fixed term mortgage is coming to an end in July and I'm speaking to a broker about it today. In December I ported that mortgage across to a new property and took out an additional Santander mortgage. Is there anything I should be aware of/ask the broker in this situation? Not done this before so want…
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Brokers/Lenders
FTB here. After reading the booklet available here from L&C, I was advised to check other brokers too. 1. Is there a website similar to comparison sites where you can get a estimate of which banks/lenders can lend you how much? 2. I'm going for a viewing tomorrow, every estate agent I've contacted to arrange a viewing has…
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Santandar - porting question
Morning all I have been dithering around for a few weeks about whichrate to go for with Santandar (our current lender) 3 years fixed for 2.69% (no fees) 5 years fixed for 3.29% (no fees) If we can afford to move we would like to in 3-5 years if outfinancial circumstances allow us too. We were going to go with the 3 years…
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Commercial Broker Fee High?
We've just started talks with a commercial broker about a re-mortgage for our Farm. The mortgage will be £150,000 on a property worth £400,000 (which we currently own outright) Our business plan forecasts income of £20k in the first year with no drawings, plus my husband's salary of £56k, so hopefully we've a strong case.…
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Urgent - Please help
We have a mortgage with Halifax and had a two month payment holiday Feb & March. We set up the monthly payments again and Halifax told us we had to pay manually for April as it was due that day and then from May payments would be DD. It appears that they have taken two payments leaving us £600 worse off. We have no money…
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LTV of 104% ???!!!
Hi, My mortgage deal is about to run out and I have been sent a letter from my mortgage company (Accord). Its say's that they have estimated the value of my property and will offer me a new product based on a Loan To Value of 104% Criminal!!! I bought the house in 2007 for £132,000. With my 5% deposit and got a mortgage…
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alan rastall
Hi there I am renting and my landlady wants to sell the flat, I really would like to buy it from her. I do have a poor credit rating and was wondering can I still get a 100% mortgage or is there another way?
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Underwriting.
Could someone explain what is entailed in the underwriting process? Just about to submit my application, but concerned it will not pass underwriting..... I have a young family, so there is no money left at the end of the month. :( . But I am paying £1200 per month in rent, but my mortgage will be £600.....is that…
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first time buyer, multiple mortgages advice
I have a question about multiple mortgages. I am looking at buying a first home on my own, I earn 30k a year and looking at a house for around 110k, if I did this in my own name and then in a year or two wanted to take a second joint mortage with my partner on a new property; how would this reflect on the second…
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Mortgage problems
Hi all. First post here hope some body can help me. Me and my partner were looking to buy a property for the first time. We found a propery that we liked, went to a financial advisor, stated that we wanted to pay 15% deposit and the mortgage over 25 years. That was fine. Got our solicitor, and are 4 weeks through the…
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poor credit score and mortgages - it is possible
this post aims to do two things: 1: educate and inform 2: pay tribute. About 5 years ago I had a dispute with a credit card company over a transaction that was fraudulent. After they refused to act I refused to pay. Three defaults appeared on my credit report, the issue was resolved and I paid off all three credit cards.…
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Overpay mortgage of pay off help to buy
Hi guys i have a question! I have some money and wondered do I either over pay my mortgage (currently 2.4% fixed for 2 years, no fees in overpayment) or pay off the local council who own the 20% (52k) in my property? I'm just not sure which is best. With this govt. scheme I have to pay off the 52k in full (no partial…
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Tale of 2 mortgage choices: Help needed to decide please.
Hello experts, hopefully someone can help me decide on one of two options I have! After my recent divorce, our house has just been sold for £314K, after taking into account selling and buying costs etc. I estimate that I will have £86K to put down as a deposit on a new home. I am looking now to purchase a new home for up…
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Increase in Rates
Hi, we are thinking about moving house and want to make sure we can afford no problem it if interest rates go up. What are rates likely to rise to over the next few years? I know its impossible for anyone to say but even an indication of what I should make sure we can afford? thanks
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standard life low cost mortgage
I have a standard life low cost mortgage .It has two years to run but I am considering cashing it in .It will only pay £9000 now but is it worth waiting another two years .
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Trust deeds
My husband was in a trust deed for 4 years and has been out of it for 2. He was told after everything is paid you will be able to wipe your credit history and all defaults will also be gone. We are looking to extend out home and have just contacted our mortgage company who told us that from Monday no bank will deal with…
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Legal challenge to Skipton Building Society SVR mortgage rate hike
I am a homeowner affected by the Skipton Building Society reneging on its pledge to never have its Standard Variable Rate set more than 3% above Base Rate. This guarantee was stated twice in the T&C's of my Skipton SVR mortgage and repeated in March 2009 by the Chief Executive of Skipton, David Cutter. Less than a year…
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OOh self employed first time buyer so nervous
On tuesday we had an independent mortgage advisor take all our details and is going to do a credit search on us to make sure we're good to go and continue with the application process, then if we're ok, they'll be able to tell us how much we can borrow and we can then arrange to go look at houses! so excited, We have at…
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First time buyer - advice please
Hello, We have seen a house we like and about to put an offer in. Should we speak to a mortgage broker before putting an offer in or should we get an accepted offer first? Also how badly will my financials affect us? I earn the most and having been trying to sort my credit history out since leaving uni. I have done very…
