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Remortgage - paying off loans
My wife and I currently have a mortgage with approx 212k to pay, we pay 950 per month. We also each have a loan (approx 10k each) for which we both pay 300 per month. We therefore have a combined debt of around 235k and we're paying out 1,550 per month. As we now have a little equity in our property (valued about 260k)…
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Regular overpayment + lump sums
Hi all, I'm about to apply for a 3-year fixed mortgage. For a 25 year term and given my deposit, I end up with quite a "confortable" monthly payment. So I would like to overpay by a fair bit (never exceeding the 10% ERC stated on Key facts of the mortgage I might apply for). My dillema is: I might need to take an…
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being bait-and-switched with my mortgage offer?
hi all i applied for a mortgage via a certain online broker for self build purposes. The mortgage they recommended to me and told me to apply for was an svr-0.45% product from a certain lender exclusive to the broker. When i received my offer of mortgage it was not the discounted one I'd applied for and was told I'd get…
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Can bank increase my interest only mortgage?
I took out an interest only mortgage from RBS in 2006 for £125k. The key facts of the mortgage only allows for a set up fee of £199. However opening balance of my mortgage was £128,949. I wrote to them at the time to complain and they took £3750 off this figure. My mortgage statements over the next couple of years the…
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Mortgages and High Alumina Cement Towers
I would very much like to know if there are any precedents for mortgages on ex council properties in high alumina cement constructed tower blocks. I would only need a relatively small loan (maximum 50,000) and I am reasonably flexible regarding the repayment term. Are there any lenders who deal with this kind of property?…
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Partner wants to buy me out
Hi All, I'm after some advice me and my partner have recently split after 10 years, we have owned our house for 2 years in May and have a mortgage on it, he has asked me to give him a figure and he will see if he can buy me out, I said we need to get a value for the house first however he said he doesn't think the value…
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consessionary mortgages
Hi, please can i get some advice on consessionary mortgages. we are selling a house to our daughter for 105K. We have no mortagage on the property, but she can only get a mortgage for 70K. she has told us that a brooker has told her that they will lend her the 70K and the remaining 35k can be written into a contract…
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Will changing bank account help when coming to apply for a mortgage?
We have an 18 month plan to get us in tip top shape for applying for a mortgage, currently my husband and I both have basic cash minder accounts with the co op due to past poor credit, this is however now off our credit file so we were wondering if we should upgrade from the most basic bank account available (we do not…
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Right to buy mortgage with a default
Hello, I'm in the RTB process and have received a valuation for the flat. I will receive a 100k discount and need a 85k mortgage. The things that I'm sure will be a barrier to getting a mortgage is an unsettled default for about 350 and a settled AP, both of these should come off my credit file around September this year.…
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MMR legislation
What does this mean for us wanting to apply for a mortgage in June? Is it going make it harder to get a mortgage?:eek:
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Environmental searches
Hi guys, I'm new to this forum and hope to get some reassurance. I'm a first time buyer, we've had an offer accepted, mortgage offered etc. our conveyancer has done environmental searches and it's confirmed that the property is in a high risk area for subsidence. We sort of knew this as South London is a high risk area due…
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REAL cost comparison of Rent Vs. Mortgage
Hi all, I'm trying to decide if I'll be better off with a mortgage or to continue renting for the next few years. I've been all over the internet but I'm struggling to find info on the real cost of being a home owner. There is a heap of information about the price of rent and the monthly cost of a mortgage, but that isn't…
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Refused a remortgage
My bank has just refused me a remortgage. I wanted to borrow 12% ltv (35000) over 15 years. I have a good credit rating and have been with my bank for 17 years. The amount to be borrowed was only 1x joint income. Can anyone offer any advice or is this just how the mortgage world is now ?
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FTB - need some guidance!
Hello all, So me and my partner have been renting for the past 6 years and our current landlord has decided to put his properties up for sale and has kind of forced our hand. We don't want to be in the rental market any more, only for it to happen again (2nd time in 3 years now!). We've kept our feet on the ground and…
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Santander mortgage certificate
I'm looking at shared ownership house Santander have giving me an mortgage certificate for £29,000 The house isn't ready until end of June time. I'm worried santander will pull up my application on my loan and cc balance? Although I have said to them the out goings on the phone. Earnings £18,300 Cc. £4.800 Loan. £9000…
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Natwest offer extension?
Due to top of the chain completely doing a 180 on us all yesterday, it looks like the completion will be near or past offer expiry! How can I get an extension? Will they credit check and re value etc etc will there be any fees? I'm livid! :mad:
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Fixed mortgages rates are going up at the moment?
Hi everyone, I've just noticed that Tesco's fixed products went up this week. The 5 years product is now 3.79% from 3.69% (that's for 85% LTV). Just wondering if Tesco Bank is the only one who did that...
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sole DIP for mortgage -living with partner -if I die? Should I change my DIP option?
Hi all. Without going into too much of the backstory....basically I have just recently put in an offer for a house, had to do a quick DIP the next day in order to get it pushed through in time at the Estage Agents. All quite rushed and underprepared but got through it, got the DIP accepted, and the owners have today…
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Natwest application MMR changes
Hi there I was wondering if someone could please advise as to when a application is classed as fully underwritten? I have an application with Natwest which was submitted on the 20-03-14. My valuation is booked for Monday and I have supplied all the required paperwork and submitted some extra documents which were requested.…
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C & G Mortgage- Daily,Monthly or Yearly interest
I have a C & G mortgage (5 years old now on SVR) , how do i find out how interest is calculated, my statements on Lloyds show interest getting lower for months with the same number of days, does this indicate monthly interest? If so would it be of benefit to look at getting a switch to daily interest if possible, it has…
