-
First Time Buyers and Savers in need of some honest help!
Good day all, I read these forums now on a daily basis and decided it was time for me to bite the bullet and post something so here goes! Me and my partner are saving for a house deposit. We are hoping to go down the help to buy Mortgage Guarantee Scheme (not the equity loan). By May next year we are aiming to have £15,000…
-
Mansfield Building Society
Morning all Im just wondering someone I work with has recommended these as they manually under right rather than credit score. Can anyone tell me what this will involve, I know they are still going to examine credit files/bank statements but if it is a person rather than a computer are they more likely to take into account…
-
Mortgage company cancelled survey ?!
Morning, We are in the process of hopefully buying a new build and part exchanging our current house. We are currently going through our 28 day exchange. The survey / valuation by Halifax was booked for yesterday and I had been advised on Saturday by the processing department that all being well we could have the full…
-
B2L Mortgage with 5 3/4 Yr Satisfied Defaults
Hello, I know there are probably a thousand other threads asking the same question so sorry for the repetitiveness! I have been saving for a few years and although I have the cash available for a deposit, it's my credit that's an issue and I was going to have to wait until default dropped off in September this year before…
-
mortgage after IVA?
hi My IVA ended June 2012 (satisfactorily, started May 2007) and we now need to get a mortgage. I've been told by our broker that Halifax will accept me however they only offer a 2-year fixed (Help to Buy) whereas we'd like a 5-year fixed. Nationwide provides a 5-year fix under the Help to Buy, but the broker is concerned…
-
Birmingham Midshires Mortgage
We asked Birmingham Midshires to approve a port of our existing interest only mortgage to a new property within the agreed terms (new property must be lower value than existing) last December. We had their decision in principle but once we have found a property it has been a nightmare. We found a property in February and…
-
Building Insurance as part of mortgage requirement
Hi all, Sorry for yet another question :) I have my appointment tomorrow with the EA broker to start the main application for mortgage. When doing the DIP last week, and going through the questions....I said that currently have no contents insurance on the property we currently rent (stopped that a bunch of months ago when…
-
get to see lenders full Homebuyer report?
Hi all, quick question.....basic background first. Had to go through the EA broker for DIP due to timescale (tho waiving their fee), and offer accepted on house. The DIP is with Nationwide who appear to be the best deal can find for a 5yr fixed with 64% LTV. This is for a 110k house I'm meeting the EA broker tomorrow where…
-
Mis-sold mortgage
I've just received a letter from the solicitor that dealt with my re-mortgage in 2006, stating that they believe I was mis-sold the mortgage and could be entitled to compensation. Obviously this letter states that they will look into it on a no win no fee basis. But having been stung before on PPI compensation (I let a…
-
Mortgage Fraud....??
Folks I need a bit of advice about this situation I find myself in..... In September 2007 my wife and I signed a contract with one of the large banks here in Northern Ireland to buy a building site. When we went to sign the contract the bank were looking £2,000 arrangement fee. I argued with the bank official and…
-
Advice please - remortgage now or wait
I have received a letter from my mortgage provider that if I renew online before the end of April I can get £100 cashback. My current deal runs out in June of this year. However we were looking to borrow some extra money but not till the end of May, which is when we know how much extra we will need. The deals seem really…
-
Single or joint application?
Me and my partner are looking at purchasing our first house. She has a good job, good pay etc. Once I finish my current course I will go into a trainee position (so minimal salary), plus I have a student loan and a Career Development Loan. But at the end of the month I should still have a surplus (even after living…
-
Enhancements considered for mortgages
I know that overtime is not considered by most, if not all, mortgage lenders. Are enhancements (such as night rate, bank holiday rates etc) considered or do they fall into the same thing as overtime payments?
-
Mortgage for staircasing
Hello I own 40% of a shared ownership flat (bought in mid October 2014). According to my mortgage documents I can staircase after I have had the mortgage for six months. The 100% valuation of the flat at the time of purchase was £155k. I am struggling to find out whether that will have increased greatly although another…
-
help with basic question
Im looking at remortgaging and have been looking online. When comparing two 3yr fixed rate deals with 70% loan 1) 2.29% £999 fees 2) 2.59% with no fees when working out the total cost over the 3 years option 2 is cheaper? (by £400) so is there any reasons/advantages i should consider option 1 or am i missing something?…
-
Lenders and credit card statements
Hello, I'm just looking for some opinions on whether a lender/adviser would want to see my credit card statements, and look at my credit card spending in detail, when applying for a mortgage. My partner and I are currently looking for our first mortgage and there are a few small payments on the card that I'd rather my…
-
Business/Domestic mortgage now managed by Wholesale Banking Recoveries
@font-face { font-family: "Times New Roman"; }@font-face { font-family: "Imprint MT Shadow"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }table.MsoNormalTable { font-size: 10pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; }…
-
Mortgage Application - Should I have received an IDD or KFI already?
Hi all. To quickly summarise first......We looked at a house, offers had already been made on it, and we wanted to put in our offer. I'd hunted around for the best mortgage deal I could find at the main banks/societys. The EA insisted we needed a DIP first before can put forward the offer, but couldn't be seen by bank for…
-
Santander buy to let mortgage rates
just had a frustrating conversation with Santander rate line!! Basically I have a residential mortgage on SVR at 4.74% All I wanted to know was if I decide to change my mortgage to buy to let, what the rates might be if I tied myself into a new deal. Sounds pretty reasonable?? My response was....pay £295 to change it over…
-
Offsetting Capital Gains tax against your mortgage
Hello, I inherited a share in my mothers house last june when she passed away. Since then the property has gone up significantly in value. I am in the processes of selling my share of the property to my brother. I assume I will have to pay CGT on the portion of the proceeds of the sale. This would be the difference between…
